Quarterly Financial Results, Upcoming Earnings, Contract Awards, Revolving Credit Facility, and Special Shareholder Meeting - Research Reports on PPG, Cameron, Whiting, Range and Ensco
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NEW YORK, October 21, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding PPG Industries Inc. (NYSE: PPG), Cameron International Corporation (NYSE: CAM), Whiting Petroleum Corp. (NYSE: WLL), Range Resources Corporation (NYSE: RRC) and Ensco PLC (NYSE: ESV). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/7326-100free.
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PPG Industries Inc. Research Reports
On October 16, 2014, PPG Industries Inc. (PPG) announced Q3 2014 financial results. The Company reported net sales from continuing operations of $3.9 billion, up 4.3% YoY, and reported net income from continuing operations of $377 million, or $2.70 per diluted share. That compares with the Q3 2013 reported net income from continuing operations of $204 million, or $1.41 per diluted share. PPG reported adjusted net income from continuing operations of $394 million, or $2.82 per diluted share, up from $336 million or $2.32 per diluted share in Q3 2013. Commenting on the results, Charles E. Bunch, PPG Chairman and CEO, said "Our sales performance was driven by continued gains in aerospace, automotive OEM coatings and automotive refinish, where our growth this quarter matched or exceeded recent quarters." The Company also announced a quarterly dividend of $0.67 per share, payable on December 12, 2014 to shareholders of record as of November, 10, 2014. The full research reports on PPG are available to download free of charge at:
http://www.analystsreview.com/Oct-21-2014/PPG/report.pdf
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Cameron International Corporation Research Reports
On October 13, 2014, Cameron International Corporation (Cameron) reported that OneSubsea™ has received a subsea production systems contract, totaling over $270 million for the Lakach deepwater project offshore Mexico. Commenting on the contract, Cameron's Chairman and CEO, Jack B. Moore said, "OneSubsea is very honored to be awarded this contract from Pemex. The Lakach field is a significant development for Mexico, and OneSubsea looks forward to providing the best-in-class equipment and services that will help them optimize production." According to Cameron, OneSubsea will also provide installation and commissioning services, and the deliveries are expected to begin in June 2016. OneSubsea is a joint venture of Cameron and Schlumberger. The full research reports on Cameron are available to download free of charge at:
http://www.analystsreview.com/Oct-21-2014/CAM/report.pdf
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Whiting Petroleum Corp. Research Reports
On October 13, 2014, Whiting Petroleum Corp. (Whiting) announced that it has scheduled a special meeting of Whiting stockholders to consider and vote upon the issuance of Whiting common stock in relation to the previously announced agreement with Kodiak Oil & Gas Corp. (Kodiak). As per the agreement, Whiting will acquire Kodiak in an all-stock deal valued at $6.0 billion, based on the closing price of Whiting on July 11, 2014, and including Kodiak's net debt of $2.2 billion as of March 31, 2014. Whiting informed that the aforesaid special meeting will be held on December 3, 2014 at 8:30 a.m. Mountain Time, at the Grand Hyatt Denver, Colorado, and Whiting stockholders of record as on October 14, 2014 will be entitled to receive notice of, and vote at, the special meeting. The full research reports on Whiting are available to download free of charge at:
http://www.analystsreview.com/Oct-21-2014/WLL/report.pdf
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Range Resources Corporation Research Reports
On October 17, 2014, Range Resources Corporation (Range) issued a press release stating that it has amended and restated its revolving credit facility. According to Range, the new five-year agreement with a syndicate of twenty-nine financial institutions has a maximum facility size of $4 billion, with an initial borrowing base of $3 billion and $2 billion in commitments, reflecting an increase in the borrowing base of $1 billion and increased commitments of $250 million. Range informed that the agreement also reduces drawn borrowing costs by 0.25% and grants Range the option to release all collateral upon the receipt of a single investment grade rating. The maturity of this facility was extended to October 16, 2019. Further, Range informed that rating agency Standard & Poor's has upgraded the Company's corporate credit rating to BB+ on October 16, 2014. The full research reports on Range are available to download free of charge at:
http://www.analystsreview.com/Oct-21-2014/RRC/report.pdf
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Ensco PLC Research Reports
On October 14, 2014, Ensco PLC (Ensco), announced that it will report its Q3 2014 financial results on October 30, 2014, before the commencement of trading at NYSE, which will be followed by a conference call at 10:00 a.m. CT (11:00 a.m. ET and 3:00 p.m. London Time) on the same day. According to Zacks investment research data, the Company is expected to post an EPS of $1.60. The full research reports on Ensco are available to download free of charge at:
http://www.analystsreview.com/Oct-21-2014/ESV/report.pdf
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