Quarterly Reports: Featured Research on Icahn Enterprises, Ideal Power, Isramco, Ivanhoe Energy and Lilis Energy
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, January 7, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including Icahn Enterprises (NASDAQ: IEP), Ideal Power (NASDAQ: IPWR), Isramco (NASDAQ: ISRL), Ivanhoe Energy (NASDAQ: IVAN), and Lilis Energy (NASDAQ: LLEX). 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):
IEP Research Report: ( http://get.analystsreview.com/pdf/?c=Icahn%20Enterprises&d=07-Jan-2015&s=IEP ),
IPWR Research Report: ( http://get.analystsreview.com/pdf/?c=Ideal%20Power&d=07-Jan-2015&s=IPWR ),
ISRL Research Report: ( http://get.analystsreview.com/pdf/?c=Isramco&d=07-Jan-2015&s=ISRL ),
IVAN Research Report: ( http://get.analystsreview.com/pdf/?c=Ivanhoe%20Energy&d=07-Jan-2015&s=IVAN ),
LLEX Research Report: ( http://get.analystsreview.com/pdf/?c=Lilis%20Energy&d=07-Jan-2015&s=LLEX ).
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Analyst Update: Financial Results, Strategic Update, and Appointments
Reviewed by: Rohit Tuli, CFA®
It's almost a week into the New Year now and global market sell-off shows no signs of easing yet. The U.S. markets fell again on Tuesday, January 6, with S&P 500 index continuing its southward journey for the fifth consecutive session. Steadily declining oil prices and uncertainty ahead of the Greek vote which may determine Greece's future in the Eurozone kept global investors jittery. The Dow Jones Industrial Average ended the session lower by 0.74% at 17,371.64, the S&P 500 ended 0.89% down at 2,002.46, and the Nasdaq Composite finished 1.29% down at 4,592.74. The European markets also closed lower on Tuesday as Euro slumped to nine-year low levels against the greenback, driven by the concerns over political turmoil in Greece. Meanwhile, Asian markets were also under pressure on Tuesday as Eurozone worries coupled with growth concerns over China rattled investors.
Icahn Enterprises L.P. (Icahn Enterprises) reported 9.0% YoY increase in its Q3 2014 revenue to $4.4 billion. However, during the quarter, the Company reported net loss of $355 million as compared to net income of $472 million for Q3 2013. Net loss included a loss of $270 million incurred from the Company's investment segment due to a decrease in the value of its core energy investments.
Ideal Power Inc. (Ideal Power) posted strong growth in its bottom-line in its Q3 2014 results. During the quarter, the Company trimmed its net loss by 14.5% YoY and received multiple purchase orders for over 7.5 Megawatts of Ideal Power's 30kW battery converters for commercial storage and distributed wind turbine applications.
Isramco, Inc. (Isramco) reported a whopping 63.3% YoY increase in its net income for third quarter 2014, driven by increase in royalties from its Tamar Fields combined with an increase in revenues from production services activities, and an increase in US based production revenues.
Ivanhoe Energy, Inc. (Ivanhoe Energy) provided an update to its strategy to address Company's liquidity, funding requirements and capital structure. Relieving the financial burden of the Company's current debt structure and obtaining surplus funding necessary to support ongoing operations are few of the strategic and financial alternatives under consideration.
Lilis Energy, Inc. (Lilis Energy) has appointed G. Tyler Runnels to its Board of Directors. Mr. Runnels is the Chairman and CEO of T.R. Winston & Company, which has led over $65 million of financing for Lilis Energy. The Company has also engaged Marcum LLP as its new auditor.
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About Analysts Review
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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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