Financial Performance of the Energy Sector: Complementary Research on Bonanza Creek, Paragon Offshore, Franks International, Triangle Petroleum and Diamond Offshore Drilling
NEW YORK, May 5, 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 Bonanza Creek Energy Inc. (NYSE: BCEI), Paragon Offshore plc (NYSE: PGN), Franks International N.V. (NYSE: FI), Triangle Petroleum Corporation (NYSEMKT: TPLM), and Diamond Offshore Drilling, Inc. (NYSE: DO). 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):
BCEI Research Report: ( http://get.analystsreview.com/pdf/?c=Bonanza%20Creek&d=05-May-2015&s=BCEI ),
PGN Research Report: ( http://get.analystsreview.com/pdf/?c=Paragon%20Offshore&d=05-May-2015&s=PGN ),
FI Research Report: ( http://get.analystsreview.com/pdf/?c=Franks%20International&d=05-May-2015&s=FI ),
TPLM Research Report: ( http://get.analystsreview.com/pdf/?c=Triangle%20Petroleum&d=05-May-2015&s=TPLM ),
DO Research Report: ( http://get.analystsreview.com/pdf/?c=Diamond%20Offshore&d=05-May-2015&s=DO ).
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Analyst Update: Earnings Update
U.S. stocks closed higher on Monday, led by better than expected corporate earnings. The S&P 500 closed at 2114.49, up 0.29%, the Dow Jones Industrial Average gained 0.26% to 18070.4, and the NASDAQ Composite ended the session at 5016.929, up 0.23%. European stocks gained on Monday, supported by strong manufacturing data across the region. Germany's DAX 30 rose 1.44%, and France's CAC 40 jumped 0.70%, while U.K. markets were closed for a public holiday. Meanwhile, Asian markets were mostly up on Monday, amid expectations that China will deploy stimulus measures to tackle slowing economic growth. The Shanghai Composite and Australia's S&P ASX ended higher, while Hong Kong's Hang Seng index closed flat.
On February 26, 2015, Bonanza Creek Energy released the results for Q4 FY14 results and full year 2014. Net revenue for Q4 FY14 was $123.2 million, compared to $133.1 million for Q4 FY13. Crude oil and liquids accounted for approximately 84% of total revenue.
On February 19, 2015, Paragon Offshore plc reported a Q4 FY14 net income of $2.8 million, or $0.03 per diluted share as compared to Q4 FY13 net income of $37.6 million, or $0.44 per diluted share. Total revenues for Q4 FY14 were $495.0 million compared to $505.2 million in Q3 FY13.
Franks International N.V. announced its Q1 FY15 results on April 29, 2015. Revenue was $277 million, up 5% compared to Q1 FY14, and down 13% compared to the Q4 FY14. International Services revenue was $124 million, up 5% compared to Q1 FY14, and down 15% sequentially.
On April 13, 2015, Triangle Petroleum Corporation announced its Q4 2015 and full fiscal year 2015 results for the period ended January 31, 2015. Consolidated adjusted net income in FY 2015 stood at $54.1 million, or $0.58 per fully diluted EPS, as compared to $37.4 million, or $0.48 per fully diluted EPS in FY 2014.
On February 9, 2015, Diamond Offshore Drilling announced its Q4 FY14 results. Q4 FY14 net income stood at $99 million, or $0.72 per diluted share, compared to net income of $93 million, or $0.67 per diluted share, in Q4 FY13. Revenues in Q4 FY14 were $675 million, compared $726 million in Q4 FY13.
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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.
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