Latest Updates from the Basic Industries Sector: Complementary Research on Rosetta, US Steel, Rentech, Vaalco and Rentech Nitrogen
NEW YORK, May 14, 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 Rosetta Resources, Inc. (NASDAQ: ROSE), United States Steel Corp. (NYSE: X), Rentech, Inc. (NASDAQ: RTK), Vaalco Energy Inc. (NYSE: EGY), and Rentech Nitrogen Partners, L.P. (NYSE: RNF). 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):
ROSE Research Report: ( http://get.analystsreview.com/pdf/?c=Rosetta&d=14-May-2015&s=ROSE ),
X Research Report: ( http://get.analystsreview.com/pdf/?c=United%20States%20Steel&d=14-May-2015&s=X ),
RTK Research Report: ( http://get.analystsreview.com/pdf/?c=Rentech&d=14-May-2015&s=RTK ),
EGY Research Report: ( http://get.analystsreview.com/pdf/?c=Vaalco&d=14-May-2015&s=EGY ),
RNF Research Report: ( http://get.analystsreview.com/pdf/?c=Rentech%20Nitrogen&d=14-May-2015&s=RNF ).
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Analyst Update: Merger Agreement, Financial and Operational Results, and Awards& Accolades
U.S. stocks closed virtually flat on Wednesday, amid disappointing monthly retail sales data. The Dow Jones Industrial Average fell 0.04%, to finish at 18,060.49, the S&P 500 edged down 0.03%, to 2,098.48, while the NASDAQ Composite rose modestly by 0.11%, to end the session at 4,981.69. European stocks mostly closed lower on Wednesday, despite positive economic growth data. Germany's DAX 30 declined 1.05%, and France's CAC 40 slipped 0.26%. In contrast, London's FTSE 100 closed 0.23% higher on Wednesday, mainly reflecting upbeat unemployment data. Meanwhile, Asian markets were mixed on Wednesday, amid weaker Chinese economic data. The Shanghai Composite and Hong Kong's Hang Seng were both down on Wednesday, while Japan's Nikkei closed higher.
On May 11, 2015, Noble Energy, Inc. and Rosetta Resources, Inc. announced a definitive merger agreement whereby Noble Energy will acquire all of the common stock of Rosetta in an all-stock transaction valued at $2.1 billion, plus the assumption of Rosetta's net debt of $1.8 billion as of March 31, 2015. As per the definitive agreement, the shareholders of Rosetta will receive 0.542 of a share of Noble Energy common stock for each share of Rosetta common stock held.
On May 6, 2015, United States Steel Corporation announced that Suzanne Rich Folsom, who serves as the general counsel, Chief Compliance Officer and SVP-Government affairs, was named as an honoree at Legal Momentum's 2015 Aiming High Awards.
On May 11, 2015, Rentech, Inc. announced its financial results for the first quarter of 2015. The Company generated consolidated revenues of $105.6 million vis-à-vis $82.3 million for Q1 FY14. Gross profit for Q1 FY15 increased to $24.3 million from $17.9 million reported in the previous year quarter.
VAALCO Energy, Inc. announced its operational results for Q1 FY15. The Company reported that it successfully drilled and completed two development wells on the new Etame platform, offshore Gabon. First production from the Etame 10-H and Etame 12-H wells occurred in February and April 2015, respectively.
On May 11, 2015, Rentech Nitrogen Partners, L.P. announced its financial and operating results for Q1 FY15. The partnership announced a cash distribution of $0.36 per unit for Q1 FY15. Revenues from the Partnership's East Dubuque Facility came in at $36.8 million versus $28.5 million reported for Q1 FY14, driven by higher sales volumes for ammonia, partially offset by lower sales prices for ammonia and urea.
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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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