NEW YORK, May 18, 2015 /PRNewswire/ --
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Moments ago, Analysts Review released new research updates concerning several important developing situations including Recon Technology, Ltd. (NASDAQ: RCON), Forbes Energy Services Ltd. (NASDAQ: FES), New Concept Energy, Inc. (NYSEMKT: GBR), Samson Oil & Gas Limited (NYSEMKT: SSN), and Enservco Corporation (NYSEMKT: ENSV). 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):
RCON Research Report: ( http://get.analystsreview.com/pdf/?c=Recon%20Technology&d=18-May-2015&s=RCON ),
FES Research Report: ( http://get.analystsreview.com/pdf/?c=Forbes%20Energy%20Services&d=18-May-2015&s=FES ),
GBR Research Report: ( http://get.analystsreview.com/pdf/?c=New%20Concept%20Energy&d=18-May-2015&s=GBR ),
SSN Research Report: ( http://get.analystsreview.com/pdf/?c=Samson%20Oil%20%26%20Gas&d=18-May-2015&s=SSN ),
ENSV Research Report: ( http://get.analystsreview.com/pdf/?c=Enservco%20Corporation&d=18-May-2015&s=ENSV ).
Analyst Update: Production Process, Financial Results, and Operational Results
U.S. stocks mostly drifted between modest gains and losses on Friday, May 15, 2015 as investors remained cautious over weaker than expected economic data. The Dow Jones Industrial Average gained 0.11%, to finish at 18,272.56, the S&P 500 rose 0.08%, to 2,122.73, and the NASDAQ Composite ended the day at 5,048.29, down 0.05%. European stocks closed lower on Friday amid rise in the value of euro against dollar. Germany's DAX 30 lost 0.98%, France's CAC 40 fell 0.71%, and London's FTSE 100 closed 0.18% lower on Friday. Meanwhile, Asian markets painted a mixed picture on Friday. The Shanghai Composite fell as expectation of Chinese stimulus measures cooled, while Hong Kong's Hang Seng and Japan's Nikkei gained on Friday.
Recon Technology, a leading independent Chinese oilfield services provider, on March 3 2015 announced the release of a 3D demonstration video explaining its major business, which included digital oilfield product series, furnace series and down hole services.
Forbes Energy Services announced financial results for Q1 2015, on May 14, 2015. Consolidated revenues were $84.3 million for the first quarter of 2015, down from $109.9 million in Q1 2014, led by weaker revenue in well servicing and fluid logistics segments. The Company reported a net loss attributable to common shareholders of $4.6 million, or basic and diluted share of $0.21, for Q1 2015, as compared to $1.5 million, or basic and diluted share of $0.07 in Q1 2014.
New Concept Energy (NCE), on March 27, 2015 announced results for the fourth quarter and full year 2014 results (ended December 31, 2014). The Company reported a net loss of $436,000 or $0.23 loss per share for Q4 2014, compared to net income of $124,000 or $0.06 per share for the same period previous year.
On April 30, 2015, Samson Oil & Gas released its financial and operational results for the first quarter 2015 (period ended 31 March 2015). Production for the first quarter 2015 was 75,336 BOE compared to 37,201 BOE in the same quarter a year ago. Meanwhile, estimated oil and gas revenue was $2.7 million for the first quarter 2015.
Enservco Corporation reported fourth quarter and full-year 2014 financial results on March 18, 2015. Revenue in the fourth quarter increased to a record $18.3 million, an increase of 21% over $15.2 million in the same quarter last year. Operating income in the fourth quarter increased 55% YoY, to $3.7 million from $2.4 million year over year.
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