NEW YORK, March 11, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding
Rowan Companies Inc. (NYSE: RDC), Atwood Oceanics, Inc. (NYSE:
ATW), Bill Barrett Corp. (NYSE: BBG), Magnum Hunter Resources Corp.
(NYSE: MHR), and Approach Resources, Inc. (NASDAQ: AREX). Private
wealth members receive these notes ahead of publication. To reserve
complementary membership, limited openings are available at:
http://www.AnalystsReview.com/register
Rowan Companies Inc. Analyst Notes
On February 27, 2014, Rowan
Companies Inc. (Rowan) reported its financial results for Q4 2013
and full-year 2013. For the Q4 2013, the Company generated net
income from continuing operations of $49.7
million or $0.40 per share,
versus $70.5 million or $0.57 per share in Q4 2012. Rowan's revenues were
$393.4 million in Q4 2013, up 11.1%
YoY due to increased average day rates and slightly higher
utilization. Matt Ralls, Rowan's
CEO, said, "As we enter 2014, we are very pleased with the makeup
and positioning of our fleet. In January, we issued $800 million in long-term debt, which, along with
an increased credit facility and cash flow from operations, is
expected to provide the funds needed to complete our drillship
construction program. We are also pleased to have announced in
January the Board's decision to reinstate a modest quarterly
dividend beginning in the second quarter of this year." The full
analyst notes on Rowan Companies Inc. are available to download
free of charge at:
http://www.AnalystsReview.com/03112014/RDC/report.pdf
Atwood Oceanics, Inc. Analyst
Notes
On March 6, 2014, Atwood Oceanics,
Inc.'s (Atwood Oceanics) stock increased 0.74%, ending the day at
$49.09. Over the previous three
trading sessions, shares of Atwood Oceanics increased 1.74%,
compared to the Dow Jones Industrial Average Indexwhich increased
1.57% during the same period. The full analyst notes on Atwood
Oceanics, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03112014/ATW/report.pdf
Bill Barrett Corp. Analyst Notes
On February 20, 2014, Bill Barrett
Corp. (Bill Barrett) reported its
financial results for Q4 2013 and full year 2013. The Company
reported a net loss of $192.7 million
or $4.06 loss per diluted common
share in full-year 2013, as against a net income of $0.6 million or $0.01 per diluted common share in full-year 2012.
The Company's net loss in Q4 2013 was $7.2
million versus net income of $14.0
million in Q4 2012. Bill Barrett's CEO, Scot Woodall said, "In 2013, we delivered on our
key operating and financial objectives. We ended 2013 having
achieved a commodity balanced portfolio, successfully delineated
70% of our net Northeast Wattenberg position, substantially
increased proved oil reserves and reduced our long-term debt by
$189 million. In combination, these
achievements position our company for growth in oil production and
cash flow in 2014 and forward." The full analyst notes on Bill
Barrett Corp. are available to download free of charge at:
http://www.AnalystsReview.com/03112014/BBG/report.pdf
Magnum Hunter Resources Corp. Analyst
Notes
On March 6, 2014, Magnum Hunter
Resources Corp.'s (Magnum Hunter Resources) stock increased 0.36%,
ending the day at $8.39. Over the
previous five trading sessions, shares of Magnum Hunter Resources
declined 3.45%, compared to the Dow Jones Industrial Average
Indexwhich increased 0.92% during the same period. The full analyst
notes on Magnum Hunter Resources Corp. are available to download
free of charge at:
http://www.AnalystsReview.com/03112014/MHR/report.pdf
Approach Resources, Inc. Analyst
Notes
On February 24, 2014, Approach
Resources, Inc. (Approach) reported its financial results for Q4
2013 and fullyear 2013. For Q4 2013, revenues were up 65.9% YoY to
$58.6 million. Net income was
$64.3 million or $1.65 per diluted share in Q4 2013, against a net
loss of $0.8 million or $0.02 per diluted share in Q4 2012. For full year
2013, revenues increased 40.7% YoY to $181.3
million. Net income was $72.3
million or $1.85 per diluted
share in full-year 2013, as against $6.3
million or $0.18 per diluted
share in full year 2012. J. Ross
Craft , Approach's President and CEO, said, "Our fourth
quarter and full-year 2013 results demonstrate significant progress
in transitioning Approach's strategy from drilling vertical gas
wells to leading the horizontal development of the oil-rich,
multi-zone Wolfcamp shale. We also generated substantial margin
improvement due to our oil production growth and lower cost
structure. We now consider the Wolfcamp C bench in full development
with our recent three-well pad completion, which also supports our
field development outlook for the horizontal Wolfcamp play." The
full analyst notes on Approach Resources, Inc. are available to
download free of charge at:
http://www.AnalystsReview.com/03112014/AREX/report.pdf
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