Status Report, Stock Offerings, Manufacturing Updates, and Dividends - Analyst Notes on Range, Huntsman, Hercules Offshore, Sanchez Energy and Penn Virginia
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, June 25, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Range Resources Corp. (NYSE: RRC), Huntsman Corporation (NYSE: HUN), Hercules Offshore, Inc. (NASDAQ: HERO), Sanchez Energy Corp (NYSE: SN) and Penn Virginia Corporation (NYSE: PVA). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/4085-100free.
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Range Resources Corp. Analyst Notes
On June 2, 2014, Range Resources Corp. (Range) announced that its Board of Directors has declared a quarterly cash dividend of $0.04 per common share for Q2 2014. The dividend is payable on June 30, 2014 to stockholders of record as of June 16, 2014. The full analyst notes on Range are available to download free of charge at:
http://www.analystsreview.com/Jun-25-2014/RRC/report.pdf
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Huntsman Corporation Analyst Notes
On June 18, 2014, Huntsman Corporation (Hunstman) announced that during Q2 2014, the Company experienced an unplanned manufacturing disruption within its Polyurethanes division at its propylene oxide and MTBE facility in Port Neches, Texas, with an estimated financial impact of $10 million. According to the Company, the manufacturing facility is now operating at normal rates. The full analyst notes on Huntsman are available to download free of charge at:
http://www.analystsreview.com/Jun-25-2014/HUN/report.pdf
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Hercules Offshore, Inc. Analyst Notes
On June 19, 2014, Hercules Offshore, Inc. (Hercules Offshore) announced the publication of its June Fleet Status Report that includes the Company's Rig Fleet Status as of June 19, 2014, containing detailed contract information for each of its drilling rigs. The Company stated that the report also includes the Hercules Offshore Liftboat Fleet Status Report that contains information by liftboat class for May 2014, including revenue per day and operating days. The Company stated that the report can be accessed via its website under the Investor Relations section. The full analyst notes on Hercules Offshore are available to download free of charge at:
http://www.analystsreview.com/Jun-25-2014/HERO/report.pdf
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Sanchez Energy Corp Analyst Notes
On June 18, 2014, Sanchez Energy Corp (Sanchez Energy) announced the closing of an underwritten public offering of 5.75 million shares of the Company's common stock at a price to the public of $35.25 per share. According to the Company, the shares sold to the underwriters included the 750,000 shares sold by the selling stockholders, Mr. A.R. Sanchez, Jr., Sanchez Oil & Gas Corporation and TAEP Security Trust, pursuant to a 30-day option exercised in full by the underwriters on June 16, 2014. Sanchez Energy reported that it received net proceeds of c.$167.5 million which it intends to use to partially fund the pending Catarina acquisition which, if not consummated, the net proceeds will be used for general corporate purposes, including working capital to repay borrowings under its credit facility. The Company stated that it did not receive any proceeds from the sale of stock by the selling stockholders. The full analyst notes on Sanchez Energy are available to download free of charge at:
http://www.analystsreview.com/Jun-25-2014/SN/report.pdf
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Penn Virginia Corporation Analyst Notes
On June 20, 2014, Penn Virginia Corporation (Penn Virginia) reported that its Board of Directors declared a regular quarterly cash dividend of $150.00 per share on its 6.00% Series A convertible preferred stock. The Company stated that a dividend of $1.50 per depositary share, each representing a 1/100th interest in a share of the Series A convertible preferred stock, will be payable on July 15, 2014, to holders of record at the close of business on July 1, 2014. The full analyst notes on Penn Virginia are available to download free of charge at:
http://www.analystsreview.com/Jun-25-2014/PVA/report.pdf
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