Financial Results, Upcoming Event, and Appointments - Research Reports on Concho, Chesapeake, Cimarex, Devon and Silver Wheaton
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NEW YORK, August 26, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Concho Resources Inc. (NYSE: CXO), Chesapeake Energy Corporation (NYSE: CHK), Cimarex Energy Co. (NYSE: XEC), Devon Energy Corp. (NYSE: DVN) and Silver Wheaton Corp. (NYSE: SLW). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/5974-100free.
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Concho Resources Inc. Research Reports
On August 6, 2014, Concho Resources Inc. (Concho) reported Q2 2014 total operating revenues of $704.7 million; up 25.2% YoY helped by robust growth in oil sales (up 24.5% YoY) and natural gas sales (up 28.9% YoY). Q2 2014 production stood at 107.8 (Thousand Barrels of Oil Equivalents Per Day) MBoepd versus 91.1 MBoepd in Q2 2013. The Company's Q2 2014 net income came in at $11.8 million or $0.11 per diluted share, compared to net income of $84.7 million or $0.81 per diluted share in Q2 2013. Adjusted net income stood at $113.8 million, or $1.04 per diluted share as compared to $102.5 million, or $0.98 per diluted share, for Q2 2013. Analysts at Thomson Reuters expected the Company to report Q2 2014 EPS of $0.97 on revenues of $676.71 million. The Company's H1 2014 total operating revenues improved 32.0% YoY to $1.4 billion, while net income declined 10.2% YoY to $103.1 million. For Q3 2014, the Company expects production to average between 113 MBoepd - 116 MBoepd. The full research reports on Concho are available to download free of charge at:
http://www.analystsreview.com/Aug-26-2014/CXO/report.pdf
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Chesapeake Energy Corporation Research Reports
On August 21, 2014, Chesapeake Energy Corporation (Chesapeake) announced that the Company has appointed Brad Sylvester as its Vice President - Investor Relations and Communications. According to the Company, in his new role, Mr. Sylvester will report to Nick Dell'Osso, Company's CFO. Prior to joining Chesapeake, Brad was working with Southwestern Energy Company, where he most recently served as the Vice President - Investor Relations. Doug Lawler, Chesapeake's CEO commented, "Brad is a highly talented and proven investor relations professional with more than 20 years of solid experience in the exploration and production industry. His leadership skills and extensive experience uniquely qualify him to lead our Investor Relations and Communications teams. I look forward to working very closely with Brad as we continue to drive value for our shareholders." The full research reports on Chesapeake are available to download free of charge at:
http://www.analystsreview.com/Aug-26-2014/CHK/report.pdf
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Cimarex Energy Co. Research Reports
On August 5, 2014, Cimarex Energy Co. (Cimarex) released its Q2 2014 and H1 2014 financial results. For Q2 2014, the Company's revenues improved 28.9% YoY to $636.7 million, helped by growth in production and higher product prices. During the quarter, the Company's total production improved 22.1% YoY to 838.7 MMcfe (Millions of Cubic Feet Equivalent). The Company's Q2 2014 net income came in at $148.6 million or $1.70 per diluted share, compared to net income of $129.6 million or $1.49 per diluted share in Q2 2013. Adjusted diluted EPS stood at $1.71 versus $1.40 in Q2 2013. Analysts polled by Thomson Reuters expected the Company to report Q2 2014 EPS of $1.71 on revenue of $649.06 million. The Company reported H1 2014 revenues of $1.2 billion, up 34.3% YoY, while net income stood at $287.1 million, compared to net income of $219.5 million in H1 2013. For Q3 2014, the Company expects volumes to average 920MMcfe per day -945MMcfe per day. The full research reports on Cimarex are available to download free of charge at:
http://www.analystsreview.com/Aug-26-2014/XEC/report.pdf
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Devon Energy Corp. Research Reports
Devon Energy Corp. (Devon) posted on the investor relations section of its official website that it will participate in the upcoming Barclays CEO/Power Conference on September 3, 2014 at 9:45 a.m. ET in New York, U.S.A. The full research reports on Devon are available to download free of charge at:
http://www.analystsreview.com/Aug-26-2014/DVN/report.pdf
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Silver Wheaton Corp. Research Reports
On August 13, 2014, Silver Wheaton Corp. (Silver Wheaton) reported Q2 2014 sales of $148.6 million, down 11.0% YoY primarily due to 14% YoY decline in the average realized silver equivalent price to $19.83/ounce in Q2 2014, partially offset by a 4% YoY increase in the number of silver equivalent ounces sold. Q2 2014 net earnings stood at $63.5 million or $0.18 per diluted share, compared to $71.1 million or $0.20 per diluted share in Q2 2013. The Company's H1 2014 sales declined 15.8% YoY to $313.9 million, while net income declined 29.9% YoY to $143.3 million. In addition, during the quarter the Company declared a quarterly dividend of $0.06 per common share. The full research reports on Silver Wheaton are available to download free of charge at:
http://www.analystsreview.com/Aug-26-2014/SLW/report.pdf
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