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Financial Results Release, Upcoming Investors Conferences, and Divested Assets - Analyst Notes on Reliance Steel & Aluminum, Halcon, Approach Resources, Magnum Hunter Resources and Kaiser Aluminum

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


News provided by

Analysts Review

Apr 29, 2014, 09:08 ET

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NEW YORK, April 29, 2014 /PRNewswire/ --



Today, Analysts Review released its analysts' notes regarding Reliance Steel & Aluminum Co. (NYSE: RS), Halcon Resources Corp (NYSE: HK), Approach Resources, Inc. (NASDAQ: AREX), Magnum Hunter Resources Corp. (NYSE: MHR) and Kaiser Aluminum Corporation (NASDAQ: KALU). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1746-100free.

--
Reliance Steel & Aluminum Co. Analyst Notes
On April 24, 2014, Reliance Steel & Aluminum Co. (Reliance Steel & Aluminum) reported its financial results for Q1 2014. Sales were $2.55 billion, up 26.1% YoY. Net income was $87.2 million, versus $83.7 million in Q1 2013. Earnings per diluted share stood at $1.11, compared with $1.09 in Q1 2013. Non-GAAP earnings per diluted share were $1.19 versus $1.13 in Q1 2013. Quarterly cash dividend went up $0.35 per share during Q1 2014 versus $0.30 in Q1 2013. Commenting on the results, David H. Hannah, Chairman and CEO of Reliance, said, "During the first quarter, the overall improvement in demand that we experienced in the second half of 2013 continued, in addition to the normal seasonal pick-up compared to the fourth quarter, with tons sold up 8.9%." For Q2 2014, management currently expects diluted EPS to be in the range of $1.30 to $1.40. The full analyst notes on Reliance Steel & Aluminum are available to download free of charge at:

http://www.analystsreview.com/1746-RS-29Apr2014.pdf

--
Halcon Resources Corp Analyst Notes
On April 17, 2014, Halcon Resources Corp (Halcon) declared that it plans to release its Q1 2014 financial results on Wednesday, May 7, 2014 after the closing of trading on the New York Stock Exchange. Halcon stated that it will also hold a conference call to review the release on Thursday, May 8, 2014 at 10:00 a.m. EDT (9:00 a.m. CDT). The Company informed that the live webcast of the call will be available on the Company's website in the Investor Relations section under Events & Presentations. Additionally, the Company will also provide a webcast archive of the call for one year at the Halcon Resources website. The full analyst notes on Halcon are available to download free of charge at:

http://www.analystsreview.com/1746-HK-29Apr2014.pdf

--
Approach Resources, Inc. Analyst Notes
On April 17, 2014, Approach Resources, Inc. (Approach Resources) announced that it plans to announce its Q1 2014 results on Thursday, May 8, 2014, after close of trading. The Company informed that it will also host a conference call on Friday, May 9, 2014, at 10:00 a.m. CT (11:00 a.m. ET) to review its Q1 2014 financial and operating results. Approach Resources informed that the conference call will be accessible via the Company's website, where a replay of the call will also be accessible. The full analyst notes on Approach Resources are available to download free of charge at:

http://www.analystsreview.com/1746-AREX-29Apr2014.pdf

--
Magnum Hunter Resources Corp. Analyst Notes
On April 22, 2014, Magnum Hunter Resources Corp. (Magnum Hunter Resources) reported that it has executed a definitive agreement with a Canadian private company to sell 100% of its ownership interest in the Company's Canadian subsidiary, whose assets consist largely of oil and gas properties in the Tableland Field in Saskatchewan, Canada, for a purchase price of CAD75 million (an estimated $67.5 million at the exchange rate on the date of reporting), subject to customary purchase price adjustments with an effective date of March 1, 2014.The Company expects the transaction to close on or around May 12, 2014 subject to the satisfaction of customary closing conditions. According to Magnum Hunter Resources, the sale of its Canadian subsidiary will accomplish Magnum Hunter's goal of exiting and divesting all of the Company's Canadian assets. The full analyst notes on Magnum Hunter Resources are available to download free of charge at:

http://www.analystsreview.com/1746-MHR-29Apr2014.pdf

--
Kaiser Aluminum Corporation Analyst Notes
On April 23, 2014, Kaiser Aluminum Corporation (Kaiser Aluminum) reported its financial results for Q1 2014. Net sales stood at $335.1 million, down 0.70% YoY. Net income was $15.8 million or $0.85 per diluted share versus $33.5 million or $1.73 per diluted share for Q1 2013. Excluding the impact of non-run-rate items and the Canadian tax benefit, adjusted net income was $13.3 million or $0.72 per diluted share for Q1 2014 versus adjusted net income of $19.9 million or $1.03 per diluted share for Q1 2013. Adjusted consolidated EBITDA was $36.5 million versus $48.0 million for Q1 2013. Jack A. Hockema, President, CEO and Chairman, commented, "The first quarter 2014 results reflected record heat treat plate and automotive extrusion shipments as we continued to benefit from investments we have made in recent years to increase capacity, improve efficiency and quality, and expand our product offering." The full analyst notes on Kaiser Aluminum are available to download free of charge at:

http://www.analystsreview.com/1746-KALU-29Apr2014.pdf

--
About Analysts Review
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===============
EDITOR'S 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 Ananya Ghosh, 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 pubco [at] http://www.analystsreview.com.

5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.analystsreview.com.

6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.analystsreview.com 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 Analysts Review. An outsourced research services provider represented by Ananya Ghosh, CFA, 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.

NOT FINANCIAL ADVICE
Analysts Review 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
Analysts Review 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 Analysts Review whatsoever for any direct, indirect or consequential loss arising from the use of this document. Analysts Review expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Analysts Review 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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