NEW YORK, January 9, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including PrimeEnergy (NASDAQ: PNRG), Profire Energy (NASDAQ: PFIE), Recon Technology (NASDAQ: RCON), Rex Energy (NASDAQ: REXX), and Rosetta Resources (NASDAQ: ROSE). 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):
PNRG Research Report: ( http://get.analystsreview.com/pdf/?c=PrimeEnergy&d=09-Jan-2015&s=PNRG ),
PFIE Research Report: ( http://get.analystsreview.com/pdf/?c=Profire%20Energy&d=09-Jan-2015&s=PFIE ),
RCON Research Report: ( http://get.analystsreview.com/pdf/?c=Recon%20Technology&d=09-Jan-2015&s=RCON ),
REXX Research Report: ( http://get.analystsreview.com/pdf/?c=Rex%20Energy&d=09-Jan-2015&s=REXX ),
ROSE Research Report: ( http://get.analystsreview.com/pdf/?c=Rosetta%20Resources&d=09-Jan-2015&s=ROSE ).
Analyst Update: Financial Results, New Service Center, Contract Update, and 2015 Capital Budget
Reviewed by: Rohit Tuli, CFA®
The U.S. markets rose for the second consecutive session on Thursday, with S&P 500 index erasing its 2015 declines, as steadying crude oil prices coupled with dovish comments from a leading U.S. Federal Reserve official further boosted the appetite for risky assets. Investors also cheered the latest U.S. unemployment data which showed that jobless claims fell last week, bolstering hopes of faster growth in the world's biggest economy this year. The Dow Jones Industrial Average also reversed this year's declines and ended higher by 1.84% at 17,907.87 on Thursday. S&P 500 jumped 1.79% to close at 2,062.14, and the Nasdaq Composite gained 1.84% to finish at 4,736.19. European shares also rose on Thursday amidst rising prospect of new stimulus from the European Central Bank. Asian equity markets were also mostly higher on Thursday, driven by strong U.S. data and hopes of fresh stimulus from ECB.
PrimeEnergy Corporation (PrimeEnergy) reported a massive 383.8% YoY increase in its net income for third quarter 2014, while the revenues also observed double digit growth. The net income increased to $10.8 million from $2.2 million in Q3 2013.
Profire Energy, Inc. (Profire Energy) has opened a new sales and service center in Greeley, Colorado to accommodate the Company's present sales and service teams in Colorado, improve lead-time for customers in the region, and fortify the Company's presence in the area.
Leading independent oilfield services provider in China, Recon Technology, Ltd. (Recon Technology), expects to generate RMB6.4 million or over $1 million of revenue from its oilfield service contracts to provide automation solutions for Chinese oil companies' domestic and overseas projects.
For the year 2015, Rex Energy Corporation (Rex Energy) expects its operational capital expenditures to be between $180 million and $220 million and anticipates its average daily production for 2015 to range between 196 and 205 MMcfe/d.
Rosetta Resources Inc.'s (Rosetta Resources) Board of Directors has approved its 2015 capital budget with the flexibility to spend up to $900 million. The Company anticipates total capital spending to range between $700 million and $800 million, considering the current commodity price environment.
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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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