NEW YORK, April 23, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Petroleo Brasileiro Petrobras SA (NYSE: PBR), E I Du Pont De Nemours And Co. (NYSE: DD), Athlon Energy Inc. (NYSE: ATHL), Chesapeake Energy Corp. (NYSE: CHK) and Noble Corporation Plc (NYSE: NE). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1470-100free.
Petroleo Brasileiro Petrobras SA Analyst Notes
On April 17, 2014, Petroleo Brasileiro Petrobras SA's (Petrobras) stock moved up 3.85% to end the trading session at $14.01, outperforming the Dow Jones Industrial Average which lost 0.10% during the same session. Shares in Petrobras opened the session at $13.41 and fluctuated in the range of $13.24 and $14.22. A total of 34.12 million shares were traded during the day, which is above its 30-day average volume of 29.62 million shares. The stock has a 52-week high of $19.65 and a 52-week low of $10.20. The stock has rallied 32.67% in last one month after the Company announced that its P-58 production platform came into operation on March 17, 2014. The full analyst notes on Petrobras are available to download free of charge at:
E I Du Pont De Nemours And Co. Analyst Notes
On April 17, 2014, E I Du Pont De Nemours And Co. (Du Pont) released its Q1 2014 earnings results. The Company's adjusted diluted EPS during the quarter came in at $1.58, higher from $1.56 in Q1 2013, but still short of analysts' estimates as its top-line declined amid differences in timing and planted area for Agriculture sales, and adverse weather conditions in North America. On average, analysts polled by Bloomberg expected the Company to report adjusted diluted EPS of $1.59 during the quarter. Net sales of the Company were down by 2.7% YoY to $10.1 billion. For full-year 2014, the Company expects operating earnings in the range of $4.20 - $4.45 per share. The full analyst notes on Du Pont are available to download free of charge at:
Athlon Energy Inc. Analyst Notes
On April 16, 2014, Athlon Energy Inc. (Athlon) announced the pricing of its $650 million of 6.00% senior unsecured notes issued by Athlon Holdings LP and Athlon Finance Corp., a wholly owned subsidiary of Athlon. The Company also announced the pricing of its underwritten public offering of 12.9 million shares of common stock at $40.00 per share. Athlon plans to use all of the net proceeds from this offering, together with net proceeds from a senior notes offering and/or borrowings under its credit agreement to fund the purchase price of pending acquisitions and for general corporate purposes. The full analyst notes on Athlon are available to download free of charge at:
Chesapeake Energy Corp. Analyst Notes
On April 10, 2014, Chesapeake Energy Corp. (Chesapeake) announced the pricing of its previously announced public offering of $3.0 billion in aggregate principal amount of its senior notes at par. The Company informed that the total offering will be bifurcated into two series: $1.5 billion Floating Rate Senior Notes due 2019 that will bear interest at LIBOR plus 3.25%, and another $1.5 billion in 4.875% Senior Notes due 2022. The Company expects the issuance and delivery of both the series to close on April 24, 2014, subject to customary closing condition. The Company plans to use the proceeds from the offering for various purposes which include: repay its existing unsecured term loan, redemption of its 6.875% Senior Notes due 2018, and purchase the portion of its 9.50% Senior Notes due 2015 that are tendered in its concurrent tender offer for such notes. The full analyst notes on Chesapeake are available to download free of charge at:
Noble Corporation Plc Analyst Notes
On April 16, 2014, Noble Corporation Plc (Noble) released its Q1 2014 earnings result. The Company reported Q1 2014 operating revenues of $1.3 billion, up 28.9% YoY, beating the Zacks consensus estimate of $1.2 billion. During the quarter, the Company's operating revenues from contract drilling services improved 29.9% YoY to $1.2 billion, primarily due to full or partial contributions in the quarter from several of the Company's new rigs. The Company's Q1 2014 net income for attributable to Noble came in at $256.3 million, or $0.99 per diluted share, compared to net income of $150.1 million, or $0.59, in Q1 2013. During the quarter, the Company's cash and cash equivalents were $114.7 million, up marginally by 0.2% YoY. The full analyst notes on Noble are available to download free of charge at:
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