Public Offer Pricing, Financial Results, Dividends, and Conference Participation Schedules - Analyst Notes on Concho, EOG, Canadian Natural Resources, Marathon Oil and Phillips 66
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, May 15, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Concho Resources, Inc. (NYSE: CXO), EOG Resources, Inc. (NYSE: EOG), Canadian Natural Resource Limited (NYSE: CNQ), Marathon Oil Corporation (NYSE: MRO) and Phillips 66 (NYSE: PSX). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2476-100free.
--
Concho Resources, Inc. Analyst Notes
On May 12, 2014, Concho Resources, Inc. (Concho) announced that it has priced its public offering of 6.5 million shares of its common stock at a price to the public of $129.00 per share. The offering is expected to close on May 16, 2014, subject to customary closing conditions. In addition, the Company has granted the underwriters the option to purchase up to an additional 975,000 shares of its common stock. Concho informed that net proceeds from the offering are expected to be used to repay all outstanding borrowings under the Company's credit facility and for general corporate purposes, including funding its three-year accelerated growth plan, capital commitments associated with the recently announced midstream joint venture, and future acquisitions. The full analyst notes on Concho are available to download free of charge at:
http://www.analystsreview.com/2476-CXO-15May2014.pdf
--
EOG Resources, Inc. Analyst Notes
On May 5, 2014, EOG Resources, Inc. (EOG) reported its Q1 2014 financial results. Net operating revenues increased to $4.1 billion, up 21.7% YoY. Q1 2014 net income came in at $660.9 million, or $1.21 per diluted share, higher when compared with net income of $494.7 million, or $0.91 per diluted share, in Q1 2013. Also, adjusted non-GAAP earnings per share increased 55.6% YoY to $1.40 in Q1 2014. Also during the quarter, the Company reported that its overall production has soared 18% YoY led by a 37% increase in total company liquids production such as crude oil, condensate, and natural gas liquids (NGLs). William R. Thomas, Chairman and CEO of EOG, said, "By posting excellent operational and financial results generated by our great assets, EOG hit another home run in the first quarter of 2014. With such a dynamic start, EOG is well positioned to achieve strong overall returns again this year." The full analyst notes on EOG are available to download free of charge at:
http://www.analystsreview.com/2476-EOG-15May2014.pdf
--
Canadian Natural Resource Limited Analyst Notes
On May 8, 2014, Canadian Natural Resource Limited (Canadian Natural Resources) declared a quarterly cash dividend on its common shares of CAD 0.225 per common share. The dividend is payable on July 1, 2014 to shareholders of record at the close of business on June 13, 2014. The full analyst notes on Canadian Natural Resources are available to download free of charge at:
http://www.analystsreview.com/2476-CNQ-15May2014.pdf
--
Marathon Oil Corporation Analyst Notes
On May 8, 2014, Marathon Oil Corporation (Marathon Oil) announced that it will present at the UBS Global Oil and Gas Conference on May 20, 2014 in Austin. John R. Suit, Executive Vice President and CFO of Marathon Oil, will be presenting at the event at 8:40 a.m. CDT. The Company informed that a live webcast of the remarks will be made accessible via its website, while a replay will be archived at the same location until June 20, 2014. The full analyst notes on Marathon Oil are available to download free of charge at:
http://www.analystsreview.com/2476-MRO-15May2014.pdf
--
Phillips 66 Analyst Notes
On May 7, 2014, the board of directors of Phillips 66 declared a quarterly dividend of $0.50 per share on the Company's common stock, representing an increase of approximately 28% QoQ. The dividend is payable on June 2, 2014 to shareholders of record at the close of business on May 19, 2014. The full analyst notes on Phillips 66 are available to download free of charge at:
http://www.analystsreview.com/2476-PSX-15May2014.pdf
--
About Analysts Review
We do things differently. Our goal is to provide the best content to our exclusive membership. We are constantly hiring researchers, writers, editors and analysts to add to our team and become better than yesterday. If being a part of a fast growing community with an edge in today's market sounds interesting to you, then sign-up today and experience the full benefits of membership.
===============
EDITOR'S NOTES:
===============
1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.analystsreview.com.
5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.analystsreview.com.
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.analystsreview.com for consideration.
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.
NOT FINANCIAL ADVICE
Analysts Review makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Analysts Review is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Analysts Review whatsoever for any direct, indirect or consequential loss arising from the use of this document. Analysts Review expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Analysts Review does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
AnalystsReview.com
SOURCE Analysts Review
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article