Financial Results and Growth Plan Update - Research Report on Magnum Hunter, Key, Halcón, Concho, and Bill Barrett

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Nov 13, 2013, 08:00 ET

NEW YORK, November 13, 2013 /PRNewswire/ --

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Today, Analysts' Corner announced new research reports highlighting Magnum Hunter Resources Corp. (NYSE: MHR), Key Energy Services Inc. (NYSE: KEG), Halcón Resources Corp. (NYSE: HK), Concho Resources, Inc. (NYSE: CXO), and Bill Barrett Corp. (NYSE: BBG). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Magnum Hunter Resources Corp. Research Report

On November 8, 2013, Magnum Hunter Resources Corp. (Magnum Hunter) reported Q3 2013 financial results with total revenues stood at $73.0 million, up 100.7% YoY. Oil and natural gas revenues increased 80.2% YoY to $54.0 million for Q3 2013. Net loss attributable to common shareholders was at $311.3 million or $1.83 per basic and diluted share compared to $42.3 million or $0.25 per basic and diluted share in Q3 2012. Mr. Gary C. Evans, Chairman of the Board and CEO of Magnum Hunter Resources, said, "By accelerating our non-core asset sales and focusing the Company on our three core unconventional shale plays, we are positioning Magnum Hunter for exception growth in the future. While this was a "noisy" quarter with a combination of asset write-downs and the acceleration of discontinued operations associated with contemplated property divestitures, we are cleaning up the Company and repositioning for a much more laser focused entity." The Full Research Report on Magnum Hunter Resources Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

[http://www.AnalystsCorner.com/r/full_research_report/1cbb_MHR]

Key Energy Services Inc. Research Report

On October 30, 2013, Key Energy Services Inc. (Key) reported its financial results for Q3 2013. Consolidated revenues came in at $389.7 million, down 20.6% YoY. Net loss attributable to the Company stood at $4.8 million or $0.03 per basic and diluted share in Q3 2013 compared to $4.1 million or $0.03 per basic and diluted share in Q3 2012. Key's Chairman, President and CEO, Dick Alario, commented, "As expected, U.S. market activity remained flat sequentially and our U.S. segment activity was adversely affected by changes in certain customer spending programs. Outside of the U.S., our International segment revenues and margins continued to be adversely affected by our principal customer's budgetary constraints in the North Region of Mexico." Key anticipates Q4 2013 U.S. revenues to decline by 5% to 7% QoQ with an associated decline in margins. The Full Research Report on Key Energy Services Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

[http://www.AnalystsCorner.com/r/full_research_report/68ef_KEG]

Halcón Resources Corp. Research Report

On November 4, 2013, Halcón Resources Corp. (Halcón) reported its Q3 2013 financial results. Total operating revenues arrived at $305.0 million representing an increase of 316.1% YoY. The Company stated that the net production for the period went up 237% YoY to an average of 37,707 barrels of oil equivalent per day (Boe/d). Net loss stood at $2.19 per diluted share compared to $0.11 per diluted share in Q3 2012. Floyd C. Wilson, Chairman and CEO, said, "Third quarter results were defined by continued expansion of our activities in the Williston Basin, El Halcón and other areas. We are focused on exploiting the substantial growth potential in our core plays and translating that growth into value for shareholders." The Full Research Report on Halcon Resources Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

[http://www.AnalystsCorner.com/r/full_research_report/e61c_HK]

Concho Resources, Inc. Research Report

On November 6, 2013, Concho Resources, Inc. (Concho) announced a new three-year growth plan that aims to double production by 2016. Tim Leach, Concho's Chairman, CEO and President, said, "The performance of our assets and depth of our inventory are compelling and suggest that we can increase our growth rate. Combined with a strong balance sheet, robust cash margin and compelling economics, we are well positioned today to accelerate growth." In the same announcement the Company also reported its Q3 2013 financial and operating results with total operating revenues at $652.9 million, up 40.3% YoY. Net income was at $30.4 million or $0.29 per diluted share versus $6.0 million or $0.06 per diluted share in Q3 2012. Concho stated that for full-year 2014 its capital budget is approximately $2.3 billion, while expected production growth is 18% to22% YoY. The Full Research Report on Concho Resources, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

[http://www.AnalystsCorner.com/r/full_research_report/46a4_CXO]

Bill Barrett Corp. Research Report

On October 31, 2013, Bill Barrett Corp. (Bill Barrett) reported its Q3 2013 financial results. Oil, natural gas and natural gas liquids production was 21.4 billion cubic feet equivalent (Bcfe) for the quarter, compared to 31.3 bcfe for Q3 2012. Total operating and other revenues declined by 17.9% YoY to $148.6 million. Net loss per diluted share was $3.51 versus $1.11 per diluted share in Q3 2012. The Company reported discretionary cash flow of $74.9 million versus 105.8 million in Q3 2012. The Company's CEO and President Scot Woodall said, "Execution of our 2013 plan is right on track. Our commitment to complete an asset sale and maintain our debt level at or below year-end 2012 is being accomplished. We are diligently working to complete our 2013 drilling program, positioning our Company for solid oil reserve growth at year-end and cash flow growth in 2014." The Full Research Report on Bill Barrett Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

[http://www.AnalystsCorner.com/r/full_research_report/cc91_BBG]

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