NEW YORK, April 28, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding The Dow Chemical Company (NYSE: DOW), Marathon Oil Corporation's (NYSE: MRO), FMC Technologies Inc. (NYSE: FTI), Noble Energy Inc. (NYSE: NBL) and Devon Energy Corp. (NYSE: DVN). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1682-100free.
The Dow Chemical Company Analyst Notes
On April 23, 2014, The Dow Chemical Company (Dow) reported its Q1 2014 earnings results and surprised the street with better-than-expected increase in net income as cost-control actions boosted its EBITDA margins despite a more than $300 million increase in purchased feedstocks and energy. Dow's net income during the quarter stood at $0.79 per diluted share, which beats Bloomberg's analyst estimates by eight cents. This compares with earnings of $0.46 per share in Q1 2013. The Company reported Q1 2014 net sales of $14.5 billion, up 0.5% YoY, helped by Performance Plastics, and Coatings and Infrastructure Solutions. The Company continued to exit the non-strategic businesses and plans to raise $4.5 billion-$6 billion from such asset sales by the end of 2015. Dow's stock gained 0.88% to close at $49.37 following the announcement. The full analyst notes on Dow are available to download free of charge at:
Marathon Oil Corporation's Analyst Notes
On April 23, 2014, Marathon Oil Corporation's (Marathon) stock moved up 0.27% to end the trading session at $36.47, outperforming the S&P 500 Index that lost 0.22% over the same day. Shares in Marathon opened the session at $36.39 and fluctuated in the range of $36.36 - $36.72. A total of 8.15 million shares were traded during the session, which is above its 30-day average volume of 5.97 million shares. The stock is currently trading near its 52-week high of $38.18. Over the past one month, it has returned 6.54%, outperforming the S&P 500 Index that returned 0.97% over the same period. Marathon will release its Q1 2014 earnings on May 6, 2014. Analysts polled by Bloomberg expect the Company's EPS in Q1 2014 to rise to $0.71 from $0.51 in Q1 2013. The full analyst notes on Marathon Oil are available to download free of charge at:
FMC Technologies Inc. Analyst Notes
On April 22, 2014, FMC Technologies Inc. (FMC) released its Q1 2014 earnings results. The Company's revenues during the quarter increased 10.8% YoY to $1.8 billion, in line with the Bloomberg analysts' consensus estimates. Revenue growth was led by Subsea Technologies as a result of strong orders in the quarter. The Company stated that its Subsea Technologies achieved record backlog of $6.8 billion in the quarter. FMC's Q1 2014 net income came in at $135.2 million, or $0.57 per diluted share, versus Bloomberg's consensus estimate of $0.50 per share. This also compares to net income of $102.4 million, or $0.43 per diluted share, in Q1 2013. The Company's guidance for full-year 2014 diluted EPS is $2.55 to $2.75, but now excludes both the expected results from operations of the material handling products business post divestiture and an anticipated gain associated with the sale. The full analyst notes on FMC are available to download free of charge at:
Noble Energy Inc. Analyst Notes
On April 24, 2014, Noble Energy Inc. (Noble) released its Q1 2014 earnings results. The Company reported Q1 2014 total revenues of $1.4 billion, up 20.6% YoY. During the quarter, the revenues from crude oil and condensate segment, which constitutes 67.3% of total revenues, moved up 9.3% YoY to $928 million, while the revenues from natural gas improved 81.6% YoY to $325 million. For Q1 2014, sales volumes averaged 286 MBoe/d, up 20% YoY after adjusting for divested assets. The U.S. sales volumes that constitute 57% of the total volumes increased 16% YoY, after adjusting for divested assets, driven by the continued development of the unconventional DJ Basin and Marcellus Shale plays. The Company's Q1 2014 net income came in at $200 million, or $0.55 per diluted share, compared to net income of $261 million, or $0.72 per diluted share, in Q1 2013. The full analyst notes on Noble are available to download free of charge at:
Devon Energy Corp. Analyst Notes
On April 23, 2014, the stock of Devon Energy Corp. (Devon) edged 0.96% higher to end the day at $71.31, extending its gain from the previous trading session. Shares in Devon opened the session at $70.95 and fluctuated between $70.72 and $71.61, thereby creating a 52-week high of $71.61. Over the past three months, the stock has moved up 19.81%, outperforming the Dow Jones Industrial Average that moved up 3.92% over the same period. The full analyst notes on Devon are available to download free of charge at:
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