Financial Results, Common Unit Offering, Collaborations, and Upcoming Conferences - Research Report on Pioneer Natural, Enterprise Products, Anadarko, Occidental Petroleum, and EOG
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NEW YORK, November 8, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Pioneer Natural Resources Co. (NYSE: PXD), Enterprise Products Partners LP (NYSE: EPD), Anadarko Petroleum Corporation (NYSE: APC), Occidental Petroleum Corporation (NYSE: OXY), and EOG Resources, Inc. (NYSE: EOG). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Pioneer Natural Resources Co. Research Report
On November 4, 2013, Pioneer Natural Resources Co. (Pioneer Natural) announced its Q3 2013 financial results. Net income attributable to common stockholders was $91.1 million or $0.65 per diluted share in Q3 2013, compared to $19.2 million or $0.15 per diluted share in Q3 2012. Commenting on the results, Scott D. Sheffield, Chairman and CEO stated, "Although third quarter production was slightly below our guidance range as a result of delays in bringing new wells on production in the Eagle Ford Shale related to increased pad drilling, we expect fourth quarter production to grow significantly as these delayed wells and a substantial number of new pad wells from the Eagle Ford Shale and the Spraberry/Wolfcamp areas are placed on production. We are forecasting 2013 production growth of 14% compared to 2012." The Full Research Report on Pioneer Natural Resources Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/349b_PXD]
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Enterprise Products Partners LP Research Report
On November 5, 2013, Enterprise Products Partners LP (Enterprise Products) announced that the underwriters of its common unit offering have exercised their full over-allotment option to purchase 1.2 million additional common units at $62.05 per common unit. According to the Company, the net proceeds from the sale of the additional 1.2 million common units will bring in c.$72.0 million after deducting underwriting discounts, commissions, and offering expenses. The Company informed that the total net proceeds from the offering, including the exercise of the over-allotment option, will be c.$553.0 million. The Company further reported that it intends to use the net proceeds from this offering, including the exercise of the full over-allotment option by the underwriters, for general partnership purposes, like repayment of debt, including the repayment of amounts outstanding under its multi-year revolving credit facility, 364-day credit agreement or commercial paper program, working capital, capital expenditures (including a portion of growth capital expenditures for the remainder of 2013 and 2014) and acquisitions. The Full Research Report on Enterprise Products Partners LP - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/7450_EPD]
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Anadarko Petroleum Corporation Research Report
On November 4, 2013, Anadarko Petroleum Corporation (Anadarko) announced its Q3 2013 financial results. Total revenue of the Company for Q3 2013 was up by 15.6% YoY to $3.9 billion. Net income attributable to common stockholders was $182 million or $0.36 per diluted share in Q3 2013, compared to $121 million or $0.24 per diluted share in Q3 2012. Commenting on the results, Al Walker, Chairman, President and CEO of Anadarko, stated, "We continue to demonstrate our commitment to value acceleration and portfolio management. During the third quarter, we announced the $2.64 billion monetization of a portion of our working interest in Mozambique, and more recently, announced a strategic acreage exchange in the Wattenberg field that is expected to enhance our operating efficiencies and concentrate our core acreage position near our operated infrastructure." The Full Research Report on Anadarko Petroleum Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/308b_APC]
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Occidental Petroleum Corporation Research Report
On October 31, 2013, Occidental Petroleum Corporation's (Occidental Petroleum) subsidiary, Occidental Chemical Corporation (OxyChem), and Mexichem, S.A.B. de C.V. (Mexichem) jointly announced the formation of a 50/50 joint venture, Ingleside Ethylene LLC, to build a 1.2-billion-pound per year capacity ethylene cracker at the OxyChem plant in Ingleside, Texas, along with pipelines and storage at Markham, Texas. According to Chuck Anderson, President of OxyChem, "The high degree of integration between the two companies from the wellhead through the use of VCM as a raw material in the manufacturing PVC pipe will also create highly competitive assets on a global basis." The Full Research Report on Occidental Petroleum Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/8cf8_OXY]
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EOG Resources, Inc. Research Report
On November 5, 2013, EOG Resources, Inc. (EOG) announced that its President and CEO William R. Thomas is scheduled to present the Company at the Jefferies 2013 Global Energy Conference on Tuesday, November 12, 2013, at 9:00 a.m. CT. Additionally, the Company reported that Thomas will also speak at the Bank of America Merrill Lynch 2013 Global Energy Conference on Thursday, November 21, 2013, at 11:15 a.m. ET. The Company informed that live webcast of each presentation, as well as the accompanying slides for the conferences, will be available in the Investors section of EOG's website. The Full Research Report on EOG Resources, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/cdbb_EOG]
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