Latest Updates on the Energy Sector: Complementary Research on Matador Resources, Northern Oil and Gas, Stone Energy, Approach Resources and North Atlantic 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 Matador Resources Company (NYSE: MTDR), Northern Oil and Gas (NYSE: NOG), Stone Energy Corporation (NYSE: SGY), Approach Resources Inc. (NASDAQ: AREX), and North Atlantic Drilling Ltd. (NYSE: NADL). 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):
MTDR Research Report: ( http://get.analystsreview.com/pdf/?c=Matador%20Resources&d=05-May-2015&s=MTDR ),
NOG Research Report: ( http://get.analystsreview.com/pdf/?c=Northern%20Oil%20and%20Gas&d=05-May-2015&s=NOG ),
SGY Research Report: ( http://get.analystsreview.com/pdf/?c=Stone%20Energy&d=05-May-2015&s=SGY ),
AREX Research Report: ( http://get.analystsreview.com/pdf/?c=Approach%20Resources&d=05-May-2015&s=AREX ),
NADL Research Report: ( http://get.analystsreview.com/pdf/?c=North%20Atlantic%20Drilling&d=05-May-2015&s=NADL ).
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Analyst Update: Operational Update, Credit Facility Update, and Quarterly Earnings Releases
Reviewed by: Rohit Tuli, CFA®
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.
Matador Resources released its production update on April 6, 2015. The Company said that it has achieved record quarterly production of approximately 2.1 million BOE for Q1 2015. Production for Q1 2015 was almost double the 1.1 million BOE produced in Q1 2014 and up about 10% sequentially from 1.9 million BOE produced in Q4 2014.
Northern Oil and Gas shares rose 5.31% on April 29, 2015 to close at $8.72. On April 13, 2015, the Company announced that its bank syndicate group has reaffirmed and maintained the existing $550 million borrowing base under Northern's revolving credit facility during the semi-annual redetermination period.
On February 24, 2015, Stone Energy announced financial and operational results for the fourth quarter and full year 2014. After impairment charges and taxes, net loss was $190.5 million, or $3.47 per share, for Q4 2014, while for full year 2014 net loss stood at $189.5 million, or $3.60 per share. The 2014 net loss is compared with 2013 net income of $117.6 million, or $2.36 per share.
On February 24, 2015, Approach Resources Inc. reported results for Q4 2014 and full-year 2014. Net income for Q4 2014 was $27.0 million, or $0.68 per diluted share, on revenues of $55.1 million. Excluding the unrealized gain on commodity derivatives, adjusted net income (non-GAAP) for Q4 2014 was $3.4 million, or $0.08 per diluted share.
North Atlantic Drilling Ltd. announced its Q4 2014 and preliminary 2014 results. Consolidated revenues for Q4 2014 were $291.2 million compared to $356.2 million for Q3 2014. Operating loss for Q4 2014 was $403.2 million, compared to an operating profit of $110.9 million in Q3 2014.
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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.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
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