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Quarterly Reports and Dividends - Research Report on Diamondback, Energen, Carrizo, Cobalt, and Quicksilver Resources

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 Diamondback Energy, Inc. (NASDAQ: FANG), Energen Corp. (NYSE: EGN), Carrizo Oil & Gas Inc. (NASDAQ: CRZO), Cobalt International Energy, Inc. (NYSE: CIE), and Quicksilver Resources Inc. (NYSE: KWK). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Diamondback Energy, Inc. Research Report

On November 4, 2013, Diamondback Energy, Inc. (Diamondback) released its Q3 2013 results. Diamondback registered revenues of $57.8 million in Q3 2013, up 243.7% YoY. For Q3 2013, the Company posted net income of $14.6 million, up 3129.2% YoY. Diamondback reported diluted EPS of $0.33 in Q3 2013 (However, the Company did not report the basic or diluted EPS for the corresponding prior year period as it was not a public company as of September 30, 2012, and its assets and operations were owned by a limited liability company). Commenting on the results, Travis Stice, CEO of Diamondback, stated, "Our operations team continues to improve performance by reducing cycle times and costs. We have achieved four consecutive quarters of double digit declines in lease operating expense reduction, which are down over 50% from this same period last year." The Full Research Report on Diamondback Energy, 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/4744_FANG]

--

Energen Corp. Research Report

On October 23, 2013, Energen Corp. (Energen) announced that its Board of Directors has declared a quarterly cash dividend of c.$0.15 per share. Energen reported that the dividend is payable on December 2, 2013, to shareholders of record as on November 15, 2013. The Full Research Report on Energen 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/5134_EGN]

--

Carrizo Oil & Gas Inc. Research Report

On November 4, 2013, Carrizo Oil & Gas Inc. (Carrizo) released its Q3 2013 results. Carrizo registered total oil and gas revenues of $144.3 million in Q3 2013, up 50.0% YoY. The Company posted net income of $4.5 million in Q3 2013, compared to net loss of $0.9 million in Q3 2012. Carrizo reported diluted EPS of $0.11 in Q3 2013, compared to diluted loss per share of $0.02 in Q3 2012. S.P. "Chip" Johnson, IV, Carrizo's President and CEO, commented, "This was another outstanding quarter for Carrizo as we delivered production growth that once again exceeded our forecast despite lower than planned capital expenditures." The Full Research Report on Carrizo Oil & Gas 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/1c39_CRZO]

--

Cobalt International Energy, Inc. Research Report

On October 29, 2013, Cobalt International Energy, Inc. (Cobalt) released its Q3 2013 results. Cobalt registered net loss of $160.0 million in Q3 2013, compared to net loss of $39.2 million in Q3 2012. The Company posted diluted loss per share of $0.39 in Q3 2013, compared to diluted loss per share of $0.10 in Q3 2012. Cobalt reported discoveries at its Lontra #1 and Mavinga #1 deepwater Pre-salt exploratory wells offshore Angola. Joseph H. Bryant, Cobalt's Chairman and CEO, commented, "While operations are still continuing at Lontra, it's clear that each of Cobalt's four wells to date has been successful in finding and delineating new hydrocarbon resources in the Angolan Pre-salt. This is a remarkable and highly unusual start to the exploration of such an immense new basin." Bryant added, "Our early success in exploring the Pre-salt offshore Angola and Gabon, coupled with our success to date in the deepwater Gulf of Mexico, are a testament to the depth of Cobalt's portfolio." The Full Research Report on Cobalt International Energy, 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/3cc8_CIE]

--

Quicksilver Resources Inc. Research Report

On November 5, 2013, Quicksilver Resources Inc. (Quicksilver Resources) released its preliminary Q3 2013 results. Quicksilver Resources registered total revenues of $153.1 million in Q3 2013, up 29.6% YoY. The Company posted net income of $10.6 million in Q3 2013, compared to net loss of $790.5 million in Q3 2012. Quicksilver Resources reported diluted EPS of $0.06 in Q3 2013, compared to diluted loss per share of $4.65 in Q3 2012. Glenn Darden, CEO of Quicksilver Resources, said, "Quicksilver continues to progress on our deleveraging plan. We have sold additional non-core assets and executed deals in West Texas that give us significant exposure to new oil production without near-term capital outlay." Darden continued, "We are working on what we believe will be a very attractive solution for our Horn River properties, which are the assets in our portfolio with the most potential." The Full Research Report on Quicksilver 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/f0d5_KWK]

----

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 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 [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 Ananya Ghosh, 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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