Settlement of Claims, Stock Price Movements, Upcoming Events, and Quarterly Results - Analyst Notes on Anadarko, Occidental, Pioneer, Monsanto, and Freeport
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NEW YORK, April 10, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Anadarko Petroleum Corporation (NYSE: APC), Occidental Petroleum Corporation (NYSE: OXY), Pioneer Natural Resources (NYSE: PXD), Monsanto Company (NYSE: MON), and Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
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Anadarko Petroleum Corporation Analyst Notes
On April 3, 2014, Anadarko Petroleum Corporation (Anadarko) announced that the Company has settled its long pending dispute with the Litigation Trust by agreeing to pay $5.15 billion in exchange for a complete release of all the claims against its wholly owned subsidiary, Kerr-McGee Corporation. Even as the Company expects this settlement to weigh on its Q1 2014 earnings, the stock of Anadarko rallied as much as 15.67% in a single session after the announcement. The settlement removes uncertainty over the dispute that was weighing on Anadarko's stock since court ruling in December 2013. Commenting on the development, Anadarko Chairman, President and CEO Al Walker said, "This settlement agreement with the Litigation Trust and the U.S. Government eliminates the uncertainty this dispute has created, and the proceeds will fund the remediation and cleanup of the legacy environmental liabilities and tort claims." According to the terms of the agreement, Litigation Trust and Kerr- McGee have mutually agreed to release claims against each other. The full analyst notes on Anadarko Petroleum Corporation are available to download free of charge at:
http://www.AnalystsReview.com/04102014/APC/report.pdf
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Occidental Petroleum Corporation Analyst Notes
On April 7, 2014, the stock of Occidental Petroleum Corporation (Occidental) declined 1.02% to end the day at $93.59, in line with broader market indices which declined amid continued sell-off in internet stocks and as investors parked their funds in defensive stocks to protect against further declines. Shares in Occidental opened the session at $94.72 and oscillated in the range of $93.56 - $94.81. The stock has a 52-week high of $99.42 and a 52-week low of $79.00. Over the past twelve months, the stock has returned 15.37%, outperforming the Dow Jones Industrial Average which returned 11.17% over the same period. The full analyst notes on Occidental Petroleum Corporation are available to download free of charge at:
http://www.AnalystsReview.com/04102014/OXY/report.pdf
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Pioneer Natural Resources Analyst Notes
Pioneer Natural Resources (Pioneer) posted in its Events section that the Company will host its Q1 2014 earnings conference call on May 7, 2014 at 9:00 a.m. CT. According to Zacks Investment Research data, the consensus EPS forecast for Q1 2014 is $1.07. The Company reported Q4 2013 revenue and other income of $970.8 million, up 21.8% YoY, and a net loss of $1.4 billion. The Q4 2013 net loss of the Company includes a loss of $507 million after tax, related to discontinued operations and assets held for sale, and an impairment charge of $957 million after tax. The full analyst notes on Pioneer Natural Resources are available to download free of charge at:
http://www.AnalystsReview.com/04102014/PXD/report.pdf
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Monsanto Company Analyst Notes
On April 2, 2014, Monsanto Company (Monsanto) released its Q2 FY 2014 results (period ended February 28, 2014). The Company reported Q2 FY 2014 net sales of $5.8 billion, up 6.6% YoY, driven by a 4.1% YoY rise in corn seeds and traits segment sales to $3.4 billion. During the quarter, the Company's net sales from soybean and traits segment grew 21.1% YoY to $820 million and vegetables seeds segment grew 10.1% YoY to $219 million. The Company's net income attributable to Monsanto came in at $1.7 billion, or $3.15 per diluted share, compared to net income of $1.5 billion, or $2.74 per diluted share, in Q2 FY 2013. Analysts polled by Reuters had expected the Company's Q2 FY 2014 EPS to be $3.06. For FY 2014, the Company expects EPS in the range of $5.02 to $5.22 per share. The full analyst notes on Monsanto Company are available to download free of charge at:
http://www.AnalystsReview.com/04102014/MON/report.pdf
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Freeport-McMoRan Copper & Gold Inc. Analyst Notes
Freeport-McMoRan Copper & Gold Inc. (Freeport) posted on its Events section that the Company will hold its Q1 2014 earnings conference call on April 24, 2014 at 10:00 a.m. EDT. According to Zacks Investment Research data, the consensus EPS forecast for Q1 2014 is $0.55. During Q4 2013, the Company reported revenues of $5.9 billion, up 30.4% YoY and diluted EPS of $0.68. The full analyst notes on Freeport-McMoRan Copper & Gold Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04102014/FCX/report.pdf
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