What's New in the Energy Sector: Special Research on EXCO Resources, Exxon Mobil, FMC Technologies, Foresight Energy, and Helmerich & Payne
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, February 6, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including EXCO Resources (NYSE: XCO), Exxon Mobil (NYSE: XOM), FMC Technologies (NYSE: FTI), Foresight Energy (NYSE: FELP), and Helmerich & Payne (NYSE: HP). 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):
XCO Research Report: ( http://get.analystsreview.com/pdf/?c=EXCO%20Resources&d=06-Feb-2015&s=XCO ),
XOM Research Report: ( http://get.analystsreview.com/pdf/?c=Exxon%20Mobil&d=06-Feb-2015&s=XOM ),
FTI Research Report: ( http://get.analystsreview.com/pdf/?c=FMC%20Technologies&d=06-Feb-2015&s=FTI ),
FELP Research Report: http://get.analystsreview.com/pdf/?c=Foresight%20Energy&d=06-Feb-2015&s=FELP ),
HP Research Report: ( http://get.analystsreview.com/pdf/?c=Helmerich%20%26%20Payne&d=06-Feb-2015&s=HP ).
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Analyst Update: Dividends, New Contracts, Quarterly Results, and Upcoming Earnings
Reviewed by: Rohit Tuli, CFA®
The U.S. stocks witnessed solid gains on Thursday as a rebound in the oil prices sparked rally in the energy shares, while the news of a big-ticket acquisition in the pharmaceutical sector boosted health-care stocks. Investors also shrugged off the mixed set of economic data. While weekly jobless claims rose less than expected last week, another data showed that nonfarm productivity fell more than expected in the fourth quarter. While the Dow Jones Industrial Average rose 1.20% to close at 17,884.88, the S&P 500 and the Nasdaq Composite gained 1.03% each to close at 2,062.52 and 4,765.10, respectively. In Europe, markets mostly ended higher in an otherwise choppy session as investors remained cautious amid Greece's struggle to renegotiate its bailout terms with the lenders. Concerns over Greece also weighed upon sentiments in Asian markets on Wednesday. Most Asian markets were down as European Central Bank said that it would no longer accept junk-rated Greece government debt as collateral for loans.
EXCO Resources Inc.'s (EXCO Resources) Board of Directors has suspended its cash dividend to provide additional funds to reinvest into the Company. Earlier, the Company also completed its previously announced sale of its 25.5% interest in Compass Production Partners, LP and its 50% interest in Compass Production GP, LLC and applied the cash proceeds of $118.75 million to reduce the balance on its revolving commitment.
Exxon Mobil Corporation's (Exxon Mobil) Board of Directors have declared a cash dividend of 69 cents per share on its Common Stock, payable on March 10, 2015 to shareholders of record of Common Stock at the close of business on February 10, 2015.
FMC Technologies, Inc. (FMC Technologies) has received an order from Eni Angola to supply subsea production systems for its deepwater Block 15/06 East Hub development. The order is estimated to add $393 million in revenue. Earlier, the Company has also received $268 million contract from Star Deep Water Petroleum Limited (a Chevron company) to provide subsea equipment for operations in the Agbami field, offshore Nigeria.
Foresight Energy LP (Foresight Energy) has scheduled to report its Q4 2014 and full-year 2014 earnings before the market opens on February 6, 2015. The earnings release will be followed by a conference call at 10:00 a.m. ET with participation from Michael Beyer, President and CEO, and Oscar Martinez, Senior Vice President and CFO.
Helmerich & Payne, Inc. (Helmerich & Payne) posted Q1 FY 2015 financial results with net income of $203 million or $1.85 per diluted share, compared to net income of $173 million or $1.59 per diluted share in Q1 FY 2014. Operating revenues for the quarter stood at $1.06 billion versus $889 million during Q1 FY 2014.
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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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