NEW YORK, April 20, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including The Encana Corporation (NYSE: ECA), California Resource Corporation Inc. (NYSE: CRC), Blackberry Limited (NASDAQ: BBRY), Mobileye NV (NYSE: MBLY), and Key Energy Services (NYSE: KEG). 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.
Today's update concerns the following companies:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
ECA Research Report: ( http://get.analystsreview.com/pdf/?c=Encana%20Corporation&d=20-Apr-2015&s=ECA ),
CRC Research Report: ( http://get.analystsreview.com/pdf/?c=California%20Resource%20Corporation&d=20-Apr-2015&s=CRC ),
BBRY Research Report: ( http://get.analystsreview.com/pdf/?c=Blackberry%20Limited&d=20-Apr-2015&s=BBRY ),
MBLY Research Report: ( http://get.analystsreview.com/pdf/?c=Mobileye&d=20-Apr-2015&s=MBLY ),
KEG Research Report: ( http://get.analystsreview.com/pdf/?c=Key%20Energy%20Services&d=20-Apr-2015&s=KEG ).
Analyst Update: Results Update, Collaboration, Upcoming Financial Events and Conference Participation
Reviewed by: Rohit Tuli, CFA®
U.S. stocks tumbled on Friday as disappointing financial results of big companies weighed on investor sentiment. The Dow Jones Industrial Average lost 1.54% or 279.67 points to close at 17,826.10, its worst drop since March 25; the Nasdaq fell 1.52%, or 75.98 points, to 4,931.81, and the S&P 500 closed the session at 2,081.16, down 1.1%, or 23.81 points. Among heavy weights, American Express plunged 4.4% on Friday, reflecting weaker than expected quarterly earnings. European stocks too closed lower on Friday as fear of Greek default intensifies. Notably, Germany's DAX Index dropped 2.6%, followed by France's CAC (down 1.6%), and Britain's FTSE 100 (down 0.9%). Meanwhile, Asian markets witnessed mixed trading on Friday, with China's Shanghai Composite Index reaching its highest level since March 2008, and the Nikkei closing at a lower level.
Stock of Encana Corporation rose 6.71% to close at $12.72 on April 15, 2015, a day after the International Energy Agency announced that it expects global oil demand to increase by 1.1 million barrels a day in 2015. The increase would be a "notable acceleration" from the 700,000 barrels a day growth seen in 2014, according to the agency.
Shares of California Resource Corporation rose 2.5% on April 15 to close at $9.03. In the preceding week ended April 10, the U.S. Energy Information Administration had said that crude oil stockpiles rose 1.3 million barrels to 483.7 million barrels. Analysts surveyed by the Wall Street Journal had expected a rise of 3.6 million barrels.
BlackBerry announced a net profit of $28 million or $0.05 a share for Q4 2014. This compares with a year-earlier loss of $148 million, or $0.28 a share. Revenue, however, slid to $660 million from $793 million, well below estimates of $786.4 million.
Mobileye N.V. announced its collaboration with Valeo to combine Mobileye's EyeQ® family of microprocessors and computer vision algorithms with Valeo's strong driving assistance sensor portfolio.
Key Energy Services Inc. has scheduled to report first quarter 2015 financial results after market close on Wednesday, April 29, 2015. On the following day, the Company's management will host a conference call to discuss these results on Thursday, April 30, 2015 at 10:00 a.m. CDT.
About Analysts Review
At Analysts Review, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Analysts Review comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.
Analysts Review was designed for investors. By providing the best information available, we have set ourselves apart as one of the premier online investor communities.
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.
Further Resources: For more information about this release including editorial notes, compliance procedures and legal disclosures, please visit: http://www.analystsreview.com/editors
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Analysts Review