Where the Companies are Headed: Complementary Research on Gulf Coast Royalty Trust, Gulfport, Hallador Energy, Hercules Offshore and Hollysys
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, December 31, 2014 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including Gulf Coast Royalty Trust (NASDAQ: GULTU), Gulfport (NASDAQ: GPOR), Hallador Energy (NASDAQ: HNRG), Hercules Offshore (NASDAQ: HERO), and Hollysys (NASDAQ: HOLI). 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):
GULTU Research Report: ( http://get.analystsreview.com/pdf/?c=Gulf%20Coast%20Royalty%20Trust&d=31-Dec-2014&s=GULTU ),
GPOR Research Report: ( http://get.analystsreview.com/pdf/?c=Gulfport&d=31-Dec-2014&s=GPOR ),
HNRG Research Report: ( http://get.analystsreview.com/pdf/?c=Hallador%20Energy&d=31-Dec-2014&s=HNRG ),
HERO Research Report: ( http://get.analystsreview.com/pdf/?c=Hercules%20Offshore&d=31-Dec-2014&s=HERO ),
HOLI Research Report: ( http://get.analystsreview.com/pdf/?c=Hollysys&d=31-Dec-2014&s=HOLI ).
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Analyst Update: Quarterly Results, and Monthly Fleet Report
Reviewed by: Rohit Tuli, CFA®
The U.S. stock market ended in red on Tuesday with energy stocks being the worst performers of the day. A less than expected December 2014 consumer confidence index (CCI) figure deterred investor confidence further. The U.S. CCI climbed to 92.6 in December from a revised 91.0 last month, below a post-recession high of 94.1 set in October 2014. The DJIA declined 0.31%, S&P 500 dropped 0.49% and the Nasdaq Composite weakened 0.61% during the session. The European stock market also declined, led by weakness in energy companies as Brent oil fell to a five and a half year low on persistent concerns about a global supply glut. The Asian stock market closed broadly lower too. The Japanese government on Tuesday agreed to a tax reform, approving a plan to cut corporate taxes by 2.51 percentage point from April 2015 and then by another 0.78 percentage points in the following year, in an effort to spur economic growth.
Gulf Coast Ultra Deep Royalty Trust (Gulf Coast Royalty Trust) reported Trust corpus of $371.4 million as of September 30, 2014, compared to $400.0 million as on December 31, 2013. Overriding royalty interests in subject interests stood at $371.7 million as of September 30, 2014, compared to $400.3 million as on December 31, 2013.
Gulfport Energy Corporation (Gulfport) reported a 146.6% YoY improvement in its Q3 2014 revenues to $170.8 million, surpassing Thomson Reuters' consensus revenue estimate of $146.62 million for the quarter. During the quarter, the Company's oil and natural gas sales volumes improved 226.2% YoY to 42,332 barrels of oil equivalent per day (BOEPD).
Hallador Energy Company (Hallador Energy) notified a whopping 76.1% YoY increase in its Q3 2014 revenue to $66.3 million led by revenues from coal sales, which stood at $64.8 million, up 85.1 % YoY. However, the Company reported a net loss of $5.8 million during the quarter as compared to net income of $4.8 million in Q3 2013.
Leading provider of offshore contract drilling and liftboat services, Hercules Offshore, Inc. (Hercules Offshore) had 24 domestic and 9 international offshore rigs as of December 16, 2014. For the month ended November 30, 2014, the Company reported a total of 24 liftboat with 38% of utilization.
Hollysys Automation Technologies, Ltd.'s (Hollysys) total revenues for first quarter fiscal 2015 (period ended September 30, 2014) were $140.7 million, an increase of 24.2% YoY. Non-GAAP net income attributable was $27.2 million, an increase of 33.4% YoY. Non- GAAP diluted EPS stood at $0.46 versus $0.35 in 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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SOURCE Analysts Review
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