Quarterly Earnings, Stock Price Movements, Resumption of Operations, Upcoming Earnings and Annual Meetings, and Dividend Announcements - Analyst Notes on Cimarex, YPF, Williams, Encana and Cabot
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NEW YORK, May 12, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Cimarex Energy Co. (NYSE: XEC), YPF SA (NYSE: YPF), Williams Companies Inc. (NYSE: WMB), Encana Corporation (NYSE: ECA) and Cabot Oil & Gas Corporation (NYSE: COG). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2318-100free.
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Cimarex Energy Co. Analyst Notes
On May 6, 2014, Cimarex Energy Co. (Cimarex) released better-than-expected Q1 2014 earnings. The Company reported Q1 2014 revenues of $599.2 million, up 40.5% YoY driven by growth in production and higher product prices. During the quarter, the Company reported record production of 740 million cubic feet equivalent (MMcfe) per day, up 12.0% YoY driven by improved results in the Cana-Woodford shale play. Net income came in at $138.5 million or $1.59 per diluted share, compared to net income of $89.9 million or $1.04 per share in Q1 2013. Adjusted net income was $145.3 million, $1.67 per diluted share. For Q2 2014, Cimarex, expects total production to average 810 - 830 MMcfe per day. On the next day, the Company's stock rallied 9.43% to end at $131.32. Denver-based Cimarex is an independent oil and gas E&P Company with principal operations in the Mid-Continent and Permian Basin areas of the U.S. The full analyst notes on Cimarex are available to download free of charge at:
http://www.analystsreview.com/2318-XEC-12May2014.pdf
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YPF SA Analyst Notes
On May 7, 2014, YPF SA's (YPF) stock rallied 10.33%, on high volumes, to end the trading session at $31.09, reversing the losses it made in the previous trading session. YPF's stock opened the session at $28.62 and fluctuated between an intraday high of $31.41 and an intraday low of $28.54. A total of 11.41 million shares were traded during the day, which is above its 30-day average volume of 0.88 million shares. The stock has a 52-week high of $34.24 and a 52-week low of $12.11. Over the past three months, the stock has gained 27.26% outperforming the Dow Jones Industrial Average that gained 4.58% over the same time period. The full analyst notes on YPF are available to download free of charge at:
http://www.analystsreview.com/2318-YPF-12May2014.pdf
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Williams Companies Inc. Analyst Notes
On May 6, 2014, William Partners LP (Williams Partners) reported that its Opal Gas-Processing plant has resumed operations with a processing capacity of 1.1 billion cubic feet of natural gas per day after the plant was shut down on April 23, 2014 due to fire. The Company informed that four cryogenic processing trains are operational now and the fifth unit, where fire broke out, remains shut. The four operating trains are capable of meeting consumer needs. TXP-4 and TXP-5, the two units, which resumed operations recently have a total capacity of 700 million cubic feet of gas per day, while the other two units TXP-1 and TXP-2, which were placed back in service last week have a combined design processing capacity of 395 million cubic feet of gas per day. Williams owns approximately 66% of Williams Partners, including the general-partner interest. The full analyst notes on Williams are available to download free of charge at:
http://www.analystsreview.com/2318-WMB-12May2014.pdf
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Encana Corporation Analyst Notes
On May 7, 2014, Encana Corporation (Encana) announced that it plans to release its Q1 2014 earnings and hold its Annual Meeting of Shareholders on May 13, 2014. In addition, the Company plans to hold a conference call at 9:00 a.m. ET or 7:00 a.m. MT to discuss the Q1 2014 financial and operating results on the same day. The Company informed that the Annual Meeting of Shareholders will be held at BMO Centre, Palomino Room, 20 Roundup Way SE, Calgary, Alberta, beginning at 12 p.m. ET or 10 a.m. MT. The full analyst notes on Encana are available to download free of charge at:
http://www.analystsreview.com/2318-ECA-12May2014.pdf
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Cabot Oil & Gas Corporation Analyst Notes
On May 1, 2014, Cabot Oil & Gas Corporation (Cabot) announced that the Company's Board of Directors has declared a regular dividend of $0.02 per share on the Company's common stock payable on May 28, 2014 to all shareholders of record as of the close of business May 15, 2014. The full analyst notes on Cabot are available to download free of charge at:
http://www.analystsreview.com/2318-COG-12May2014.pdf
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