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Financial Results, Common Unit Offering, Collaborations, and Upcoming Conferences - Research Report on Pioneer Natural, Enterprise Products, Anadarko, Occidental Petroleum, and EOG

Editor Note: For more information about this release, please scroll to bottom.


News provided by

Analysts' Corner

Nov 08, 2013, 08:00 ET

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NEW YORK, November 8, 2013 /PRNewswire/ --

Today, Analysts' Corner announced new research reports highlighting Pioneer Natural Resources Co. (NYSE: PXD), Enterprise Products Partners LP (NYSE: EPD), Anadarko Petroleum Corporation (NYSE: APC), Occidental Petroleum Corporation (NYSE: OXY), and EOG Resources, Inc. (NYSE: EOG). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Pioneer Natural Resources Co. Research Report

On November 4, 2013, Pioneer Natural Resources Co. (Pioneer Natural) announced its Q3 2013 financial results. Net income attributable to common stockholders was $91.1 million or $0.65 per diluted share in Q3 2013, compared to $19.2 million or $0.15 per diluted share in Q3 2012. Commenting on the results, Scott D. Sheffield, Chairman and CEO stated, "Although third quarter production was slightly below our guidance range as a result of delays in bringing new wells on production in the Eagle Ford Shale related to increased pad drilling, we expect fourth quarter production to grow significantly as these delayed wells and a substantial number of new pad wells from the Eagle Ford Shale and the Spraberry/Wolfcamp areas are placed on production. We are forecasting 2013 production growth of 14% compared to 2012." The Full Research Report on Pioneer Natural Resources Co. - 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/349b_PXD]

--

Enterprise Products Partners LP Research Report

On November 5, 2013, Enterprise Products Partners LP (Enterprise Products) announced that the underwriters of its common unit offering have exercised their full over-allotment option to purchase 1.2 million additional common units at $62.05 per common unit. According to the Company, the net proceeds from the sale of the additional 1.2 million common units will bring in c.$72.0 million after deducting underwriting discounts, commissions, and offering expenses. The Company informed that the total net proceeds from the offering, including the exercise of the over-allotment option, will be c.$553.0 million. The Company further reported that it intends to use the net proceeds from this offering, including the exercise of the full over-allotment option by the underwriters, for general partnership purposes, like repayment of debt, including the repayment of amounts outstanding under its multi-year revolving credit facility, 364-day credit agreement or commercial paper program, working capital, capital expenditures (including a portion of growth capital expenditures for the remainder of 2013 and 2014) and acquisitions. The Full Research Report on Enterprise Products Partners LP - 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/7450_EPD]

--

Anadarko Petroleum Corporation Research Report

On November 4, 2013, Anadarko Petroleum Corporation (Anadarko) announced its Q3 2013 financial results. Total revenue of the Company for Q3 2013 was up by 15.6% YoY to $3.9 billion. Net income attributable to common stockholders was $182 million or $0.36 per diluted share in Q3 2013, compared to $121 million or $0.24 per diluted share in Q3 2012. Commenting on the results, Al Walker, Chairman, President and CEO of Anadarko, stated, "We continue to demonstrate our commitment to value acceleration and portfolio management. During the third quarter, we announced the $2.64 billion monetization of a portion of our working interest in Mozambique, and more recently, announced a strategic acreage exchange in the Wattenberg field that is expected to enhance our operating efficiencies and concentrate our core acreage position near our operated infrastructure." The Full Research Report on Anadarko Petroleum Corporation - 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/308b_APC]

--

Occidental Petroleum Corporation Research Report

On October 31, 2013, Occidental Petroleum Corporation's (Occidental Petroleum) subsidiary, Occidental Chemical Corporation (OxyChem), and Mexichem, S.A.B. de C.V. (Mexichem) jointly announced the formation of a 50/50 joint venture, Ingleside Ethylene LLC, to build a 1.2-billion-pound per year capacity ethylene cracker at the OxyChem plant in Ingleside, Texas, along with pipelines and storage at Markham, Texas. According to Chuck Anderson, President of OxyChem, "The high degree of integration between the two companies from the wellhead through the use of VCM as a raw material in the manufacturing PVC pipe will also create highly competitive assets on a global basis." The Full Research Report on Occidental Petroleum Corporation - 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/8cf8_OXY]

--

EOG Resources, Inc. Research Report    

On November 5, 2013, EOG Resources, Inc. (EOG) announced that its President and CEO William R. Thomas is scheduled to present the Company at the Jefferies 2013 Global Energy Conference on Tuesday, November 12, 2013, at 9:00 a.m. CT. Additionally, the Company reported that Thomas will also speak at the Bank of America Merrill Lynch 2013 Global Energy Conference on Thursday, November 21, 2013, at 11:15 a.m. ET. The Company informed that live webcast of each presentation, as well as the accompanying slides for the conferences, will be available in the Investors section of EOG's website. The Full Research Report on EOG 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/cdbb_EOG]

----

EDITOR NOTES:

  1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  2. Information in this release is fact checked and produced on a best efforts basis and reviewed by Namrata Maheshwari, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
  3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
  4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
  5. For any urgent concerns or inquiries, please contact us at [email protected].
  6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider represented by Namrata Maheshwari, CFA, has only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network 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.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

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