NEW YORK, January 21, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including Warren Resources (NASDAQ: WRES), Westport (NASDAQ: WPRT), Woodward (NASDAQ: WWD), ZaZa Energy (NASADQ: ZAZA), and Zion (NYSEMKT: ZN). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
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Today's update concerns the following companies:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
WRES Research Report: ( http://get.analystsreview.com/pdf/?c=Warren%20Resources&d=21-Jan-2015&s=WRES ),
WPRT Research Report: ( http://get.analystsreview.com/pdf/?c=Westport&d=21-Jan-2015&s=WPRT ),
WWD Research Report: ( http://get.analystsreview.com/pdf/?c=Woodward&d=21-Jan-2015&s=WWD ),
ZAZA Research Report: ( http://get.analystsreview.com/pdf/?c=ZaZa%20Energy&d=21-Jan-2015&s=ZAZA ),
ZN Research Report: ( http://get.analystsreview.com/pdf/?c=Zion&d=21-Jan-2015&s=ZN ).
Analyst Update: Preliminary Capital Budget and Production Guidance, Certification, Supply Agreements, Quarterly Results, and Dividend Reinvestment Programs
Reviewed by: Rohit Tuli, CFA®
U.S. stock markets started the week with moderate gains, after being closed on Monday in observance of the Martin Luther King Jr. holiday. The NASDAQ Composite ended at 4,654.85, up 0.44%, the Dow Jones Industrial Average advanced 0.02% to finish the day at 17,515.23, and the S&P 500 closed at 2,022.55, up 0.15%. The gains were broad based as seven out of ten sectors ended the session in positive. Asian stocks rose for a second day, driven by consumer discretionary stocks, as Chinese equities rebounded and investors patiently await the outcome of Central Bank policy meetings in Japan as well in Europe. Equities also got a lift from better-than-expected economic data from China, which recorded a GDP growth of 7.4% in 2014, the slowest rate of growth since 1990, but beating market expectations of 7.2%. Meanwhile, European equities rose for a fourth day and traded near seven-year highs ahead of an expected sovereign-bond-buying program by the European Central Bank when it convenes a meeting this Thursday.
Warren Resources, Inc. (Warren Resources) announced its preliminary capital budget and production guidance for full year 2015. The Company expects approximately $80 million of capital expenditures in 2015 with primary focus on developing its Marcellus shale assets. Also, Warren Resources expect 2015 production volumes to range between approximately 41 Bcfe (Billions of Cubic Feet Equivalents) to 43 Bcfe, a 95% increase over the midpoint of projected 2014 production, led by increased production volumes from the Marcellus assets.
Westport Innovations Inc., (Westport) Ford's largest qualified vehicle modifier (QVM), has received certification from the Environmental Protection Agency (EPA) for its 2015 Ford Transit Van. Westport is offering the 2015 Ford Transit Van as a dedicated compressed natural gas (CNG) Westport WiNG™ Power System vehicle.
Woodward, Inc. (Woodward) has signed an agreement with Boeing Commercial Airplanes to supply its Thrust Reverser Actuation System (TRAS) for Boeing's new 777X airplane. The Woodward TRAS provides safety-critical aircraft deceleration on landing, and will leverage its highly-reliable, proven in-service motion and propulsion control heritage.
ZaZa Energy Corporation's (ZaZa Energy) Q3 2014 sales saw a massive growth of 144% YoY to $2.7 million. Total production of 54.8 MBOE (million barrels of oil equivalent) also saw a year-over-year increase of 145%. During the quarter, the Company posted net income of $10.1 million, or $0.83 per diluted share, compared to a net loss of $20.6 million or $2.01 loss per diluted share for the corresponding period in 2013.
Zion Oil & Gas Inc. (Zion) announced a new Unit Option program under its Dividend Reinvestment and Common Stock Purchase Plan ("DSPP" or the "Plan"). Under the new program, beginning February 2, 2015 and terminating May 4, 2015, Zion is offering a new Unit Option to purchase Units of its securities where each Unit (priced at $4.00) is comprised of one share of Common Stock and three Common Stock purchase warrants.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
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