Financial Results, Investor Conferences, Dividends, 2014 Guidance, and Acquisitions - Research Report on EOG, Marathon Oil, Anadarko, Suncor, and Comstock
NEW YORK, November 26, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting EOG Resources, Inc. (NYSE: EOG), Marathon Oil Corporation (NYSE: MRO), Anadarko Petroleum Corporation (NYSE: APC), Suncor Energy, Inc. (NYSE: SU), and Comstock Resources Inc. (Comstock). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
EOG Resources, Inc. Research Report
On November 6, 2013, EOG Resources, Inc. (EOG) reported Q3 2013 financial results. In Q3 2013, the Company's net operating revenues increased 19.9% YoY to $3.5 billion. Q3 2013 net income was $462.5 million, or $1.69 per diluted share, compared to $355.5 million, or $1.31 per diluted share, in Q3 2012. "EOG is consistently making the best oil wells in the best two oil plays in North America, the Eagle Ford and Bakken/Three Forks," said William R. Thomas, President and CEO of EOG. 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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Marathon Oil Corporation Research Report
On November 12, 2013, Marathon Oil Corporation (Marathon Oil) announced that it will be hosting the Company's Analyst Day on December 11, 2013 in New York. Marathon Oil informed that the event will be webcast live at 8:30 a.m. EST and is expected to last until 12:30 p.m. EST. The Company reported that the meeting will also include a Q&A session and details about its business plans and strategies, and will be accessible via Marathon Oil's website. The Full Research Report on Marathon Oil 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/5a8d_MRO
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Anadarko Petroleum Corporation Research Report
On November 7, 2013, Anadarko Petroleum Corporation (Anadarko) announced that its Board of Directors has declared a quarterly cash dividend of $0.18 per share on the Company's common stock. The dividend is payable on December 23, 2013, to stockholders of record at the close of business on December 11, 2013. 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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Suncor Energy Inc. Research Report
On November 20, 2013, Suncor Energy Inc. (Suncor) announced that it has released its 2014 corporate guidance. For 2014, the Company expects $7.8 billion in capital spending and planned average production of 565,000 to 610,000 barrels of oil equivalent per day. The Company further expects oil sands production to increase by over 14% YoY in 2014, more than offsetting the reduced production from the North America Onshore business due to the natural gas divestiture in 2013. Suncor informed that total oil production is expected to increase approximately 10% YoY. "Our 2014 capital plan demonstrates our continued commitment to capital discipline," said Steve Williams, President and CEO of Suncor. "As evidenced by our debottlenecking initiatives and the recent Fort Hills project sanction, we will be diligent in pursuing only those projects we believe will deliver long-term shareholder value. This approach applies not only to how we view oil sands investments, but also to other opportunities in our rich suite of growth projects." The Full Research Report on Suncor Energy 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/afd1_SU
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Comstock Resources Inc. Research Report
On November 21, 2013, Comstock Resources Inc. (Comstock) announced that it has entered into an agreement with Ursa Resources Group II LLC (Ursa) to acquire 70% of its interests in certain oil and gas properties in Burleson and Washington Counties, Texas for $66.5 million. Comstock expects the acquisition to be completed in the current quarter as well as to move one of its operated rigs to these properties in early 2014. Further, the Company estimates that it will drill ten operated wells on this acreage in 2014. "This acquisition will allow us to extend our successful South Texas Eagle Ford shale program into East Texas," said M. Jay Allison, CEO of Comstock. "The East Texas Eagle Ford acquisition combined with the acreage the company is acquiring in the Tuscaloosa Marine Shale play will complement our successful oil drilling program in South Texas by adding multiple years of additional oil drilling inventory for Comstock." The Full Research Report on Comstock 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/7326_CRK
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SOURCE Analysts' Corner
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