NEW YORK, January 30, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including CrossAmerica ( NYSE: CAPL), Cummins ( NYSE: CMI), CVR Energy ( NYSE: CVI), CVR Refining ( NYSE: CVRR), and Cypress Energy Partners ( NYSE: CELP). 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.
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Today's update concerns the following companies:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
CAPL Research Report: ( http://get.analystsreview.com/pdf/?c=CrossAmerica&d=30-Jan-2015&s=CAPL ),
CMI Research Report: ( http://get.analystsreview.com/pdf/?c=Cummins&d=30-Jan-2015&s=CMI ),
CVI Research Report: ( http://get.analystsreview.com/pdf/?c=CVR%20Energy&d=30-Jan-2015&s=CVI ).
CVRR Research Report: ( http://get.analystsreview.com/pdf/?c=CVR%20Refining&d=30-Jan-2015&s=CVRR ).
CELP Research Report: ( http://get.analystsreview.com/pdf/?c=Cypress%20Energy%20Partners&d=30-Jan-2015&s=CELP ).
Analyst Update: Acquisitions, Leadership Changes, andFinancial Results
Reviewed by: Rohit Tuli, CFA®
The U.S. stocks finished higher on Thursday as a late afternoon rally in crude oil prices helped energy shares erase their decline, while better-than-expected earnings reports boosted consumer stocks. The Dow Jones Industrial Average rose 1.31% to close at 17,416.85, the S&P 500 advanced 0.95% to close at 2,021.25, and the Nasdaq Composite gained 0.98% to end at 4,683.41. In Europe, markets ended lower as investors fretted over the worsening health of Euro zone economy after some heavyweight energy firms reported weaker-than-expected profits. The U.S. central bank's statement on Wednesday, indicating U.S. rate increases were still likely this year, also weighed upon investor sentiments. Meanwhile, Greek stocks markets steadied on Thursday, following a huge post-election sell-off, helped by rally in the bank stocks. Asian stocks also ended lower on Thursday after Federal Reserve's statement and slump in the oil prices.
CrossAmerica Partners LP (CrossAmerica) and CST Brands, Inc. have jointly agreed to purchase 22 convenience stores in San Antonio and Austin, Texas from Landmark Industries, the third combined acquisition in less than three months.
Cummins Inc. (Cummins) announced that Tony Satterthwaite, Vice President, President - Cummins Power Generation, will become President of the Company's Distribution Business Unit; and Antonio Leitao, Vice President - Power Products for Cummins Power Generation, will succeed Tony Satterthwaite as the leader of that business unit, effective April 1, 2015.
CVR Energy, Inc. (CVR Energy) announced the appointment of John R. Walter on January 14, 2015 as the Company's new Senior Vice President, General Counsel and Secretary, with immediate effect. Additionally, Walter will serve as Senior Vice President, General Counsel and Secretary for the Company's petroleum subsidiary - CVR Refining, LP, and as well as for its nitrogen fertilizer subsidiary - CVR Partners, LP.
CVR Refining, LP (CVR Refining) reported third quarter results with a massive improvement in adjusted EBITDA of $129.9 million, compared to adjusted EBITDA of $33.9 million for the third quarter of 2013. The Company also anticipated total crude throughput of 190,000 bpd to 205,000 bpd for the fourth quarter, on the basis of prevailing crude throughput rates.
Cypress Energy Partners, L.P. (CELP) acquired salt water disposal facility from an affiliate of its North Dakota partner SBG Energy Services, LLC (SBG). The deal was completed for total cash cost of c.$2.6 million, and expands the Company's footprint in the Bakken. The acquisition includes a minimum volume guarantee and a long-term contract for piped produced water delivery from a publicly traded major E&P customer.
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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.
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