Oil Companies Announce Financial Results and Provide Operational Updates - Analyst Notes on Continental, PDC, Oasis, Laredo and Athlon

NEW YORK, May 22, 2014 /PRNewswire/ --

Thursday May 22, 2014

Today, Analysts Review released its analysts' notes regarding Continental Resources Inc. (NYSE: CLR), PDC Energy, Inc. (NASDAQ: PDCE), Oasis Petroleum Inc. (NYSE: OAS), Laredo Petroleum Holdings, Inc. (NYSE: LPI) and Athlon Energy Inc. (NYSE: ATHL). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2794-100free.

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Continental Resources Inc. Analyst Notes
On May 19, 2014, the shares of Continental Resources Inc. (Continental), a petroleum liquids producer in the United States, increased 0.72%, ending the day $134.01 per share. On the same day, Bloomberg reported that Brent extended its first weekly gain this month amid speculation that the escalating violence in Libya will further disrupt supplies from the holder of Africa's biggest oil reserves. Over the previous three months, shares of the Company have increased 13.68% compared with S&P 500, which has also increased 2.10%, over the same trading period. The full analyst notes on Continental are available to download free of charge at:

http://www.analystsreview.com/2794-CLR-22May2014.pdf

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PDC Energy, Inc. Analyst Notes
On May 6, 2014, PDC Energy, Inc. (PDC) reported its Q1 2014 financial and operating results. Total revenues increased 81.4% YoY to $130.3 million. Net loss was reported at $2.1 million, or $0.06 per diluted share, compared to $39.4 million, or $1.30 per diluted share in Q1 2013. Q1 2014 production increased to 26,700 barrels of oil equivalent per day (Boe/d) versus 18,500 Boe/d in Q1 2013. In addition, crude oil, natural gas, and NGLs sales revenues increased to $129.8 million, compared to $79.4 million in Q1 2013. James Trimble, CEO and President, commented, "We expect strong production growth of 28% to 35% in 2014 compared to 2013 despite normal declines from our Marcellus joint venture assets where we are not currently drilling. We expect to add a fifth drilling rig in Wattenberg this month with a production contribution expected later in 2014. We also plan to add a second drilling rig in the Utica during the second half of the year, as we continue to accelerate the development of our high-return, liquid-rich assets." The full analyst notes on PDC are available to download free of charge at:

http://www.analystsreview.com/2794-PDCE-22May2014.pdf

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Oasis Petroleum Inc. Analyst Notes
On May 5, 2014, Oasis Petroleum Inc. (Oasis) reported its Q1 2014 financial results and provided an operational update. Total revenues increased 40.8% YoY to $349.5 million. Q1 2014 production increased to 42,856 Boe/d versus 30,153 Boe/d in Q1 2013. Net income came in at $170.0 million, or $1.70 per diluted share, compared to $51.9 million, or $0.56 per diluted share in Q1 2013. The Company informed that the quarterly financial results were impacted by several non-cash or non-recurring items, including a $183.4 million gain on sale of properties for the Sanish Divestiture. Oasis noted that excluding these, adjusted net income stood at $64.8 million, or $0.65 per diluted share versus $62.4 million or $0.67 per diluted share in Q1 2013. For Q2 2014, the Company expects production to range between 43,000 and 46,000 Boepd. The full analyst notes on Oasis are available to download free of charge at:

http://www.analystsreview.com/2794-OAS-22May2014.pdf

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Laredo Petroleum Holdings, Inc. Analyst Notes
On May 8, 2014, Laredo Petroleum Holdings, Inc. (Laredo) reported its Q1 21014 financial results. Revenues increased 5.9% YoY to $173.3 million. However, net loss came in at $0.2 million , compared to a net income of $1.4 million, in Q1 2013. Laredo stated that during the quarter, the Company completed seven horizontal wells, including three multi-well pads of two-stacked laterals, increasing the Company's horizontal completions from multi-well pads to 17. "Execution of our long-term plan for the full-scale, multi-zone development of our Permian-Garden City acreage took several impressive steps forward this quarter," commented Randy A. Foutch, Laredo Chairman and CEO. The full analyst notes on Laredo are available to download free of charge at:

http://www.analystsreview.com/2794-LPI-22May2014.pdf

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Athlon Energy Inc. Analyst Notes
On May 6, 2014, Athlon Energy Inc. (Athlon) reported its Q1 2014 financial results. Total revenue increased 93.0% YoY to $105.7 million. Net income was at $18.8 million, or $0.23 per diluted share, compared to $10.9 million, or $0.16 per diluted share in Q1 2013. Average daily production volumes increased to 16,987 barrel of oil equivalent per day (BOE/D), compared to 9,959 of BOE/D produced in Q1 2013. The Company informed that Q1 2014 production is above the Company's guidance range and comprised of 61% oil, 21% natural gas liquids, and 18% natural gas. According to Athlon, the increase in total revenues is primarily due to the increase in oil revenues, which represented 82% of total revenues. For the quarter the Company's average wellhead oil price, which represents the net price received for oil production, rose to $93.45 per barrel (Bbl), compared with $84.23 per Bbl in Q1 2013. For full-year 2014, Athlon expects daily production to average between 23,000 BOE/D to 24,250 BOE/d. The full analyst notes on Athlon are available to download free of charge at:

http://www.analystsreview.com/2794-ATHL-22May2014.pdf

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