Factors Moving The Markets: Complementary Reports on JP Energy Partners, Key Energy, Kinder Morgan, Whiting Petroleum, and Philips
NEW YORK, February 11, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including JP Energy Partners (NYSE: JPEP), Key Energy (NYSE: KEG), Kinder Morgan (NYSE: KMI), Whiting Petroleum (NYSE: WLL), and Philips (NYSE: PHG). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
JPEP Research Report: ( http://get.analystsreview.com/pdf/?c=JP%20Energy%20Partners&d=11-Feb-2015&s=JPEP ),
KEG Research Report: ( http://get.analystsreview.com/pdf/?c=Key%20Energy&d=11-Feb-2015&s=KEG ),
KMI Research Report: ( http://get.analystsreview.com/pdf/?c=Kinder%20Morgan&d=11-Feb-2015&s=KMI ),
WLL Research Report: ( http://get.analystsreview.com/pdf/?c=Whiting%20Petroleum&d=11-Feb-2015&s=WLL ),
PHG Research Report: ( http://get.analystsreview.com/pdf/?c=Philips&d=11-Feb-2015&s=PHG ).
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Analyst Update: Financial Results,Upcoming Earnings,andDividend Declarations
Reviewed by: Rohit Tuli, CFA®
U.S. stocks closed higher on Tuesday, February 10, fueled by hopes of a debt agreement between Greece and its creditors. S&P 500 hits its highest level in 2015, closing 1.1% higher at 2,068.59. Nine of the 10 main sectors finished higher, while energy-sector stocks ended lower due to a drop in oil prices. The Dow Jones Industrial Average jumped 0.8% to 17,868.76 and Nasdaq Composite moved up 1.3% to close at 4,787.65. Greece officials said that they plan to propose a debt-compromise plan to creditors in Brussels on Wednesday. The European markets also mostly closed higher, driven by optimism for a potential Greek debt deal. Eurozone officials are said to be considering extending Greece's bailout program by up to six months. The Asian markets also ended higher on Greece deal hopes. Chinese markets rose on Tuesday, despite data showing that consumer inflation hit its five-year low in January - marking the weakest reading since November 2009.
JP Energy Partners LP (JP Energy Partners) announced that the Board of Directors of its general partner has declared a prorated cash distribution for Q4 2014 of $0.3038 per unit. This distribution is the first declared by the partnership and corresponds to the minimum quarterly distribution of $0.3250 per unit, or $1.30 per unit on an annualized basis, prorated for the partial quarter following the closing of the partnership's initial public offering (IPO) on October 7, 2014.
Key Energy Services, Inc. (Key Energy) reported Q3 2014 revenues of $365.8 million, down 6.1% YoY due to overall lower activity in the U.S. as a result of competitive pressure and reduced customer activity. Net loss widened to $62.2 million from $4.7 million in Q3 2013, as the reported quarter included an impairment charge of $60.8 million on fixed assets at its fishing and rental services business reporting unit. No impairments were recorded in 2013.
Kinder Morgan, Inc. (Kinder Morgan, Inc.) approved an increase in its Q4 2014 cash dividend to $0.45, or $1.80 on an annualized basis, payable on February 17, 2015, to shareholders of record as of the close of business on February 2, 2015. This payout represents an increase of 9.8% YoY and a growth of one cent over its previous quarter dividend of $0.44 per share ($1.76 annualized).
Whiting Petroleum Corporation (Whiting Petroleum) is set to announce its Q4 2014 financial and operating results on February 25, 2015 after the market closes. The Company will also host a conference call with investors, analysts and other interested parties at 11:00 a.m. EST (10:00 a.m. CST, 9:00 a.m. MST), the next day, to discuss the results and business outlook.
Royal Philips (Philips) reported its Q4 2014 results, with improved free cash flow of EUR 559 million, compared to EUR 481 million in Q4 2013. The Company however posted a decline in net income to €134 million, compared to €412 million in Q4 2013.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
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