NEW YORK, December 17, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Apache Corporation (NYSE: APA), EOG Resources, Inc. (NYSE: EOG), Cabot Oil & Gas Corporation (NYSE: COG), Pioneer Natural Resources Company (NYSE: PXD), and Miller Energy Resources, Inc. (NYSE: MILL). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Apache Corporation Research Report
On December 11, 2013, Apache Corporation (Apache) announced that a Spanish company, CEPSA Suriname S.L. (CEPSA) has farmed into a 25% participating interest in Suriname's Block 53, a 867,117-acre (3,509km2) area located in 1,640-5,900 feet (500-1,800 meters) of water, about 80 miles (130km) offshore. According to the Company, in 2012, an Apache subsidiary, Apache Suriname Corp. LDC signed a production sharing contract for block 53 with Staatsolie Maatschappij Suriname NV (Staatsolie) after a competitive bid round. The Company informed that the Block 53 work program includes a 3D seismic program, currently in processing, and two exploration wells. Apache retains 75% participating interest in the block, while Staatsolie has an option to obtain a 20% participating interest in commercial fields discovered on the block. The Full Research Report on Apache Corporation - 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/0783_APA
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EOG Resources, Inc. Research Report
On December 11, 2013, EOG Resources, Inc. (EOG Resources) announced that its Board of Directors has declared a dividend of c.$0.19 per share on the Company's common stock. According to the Company, the dividend will be paid on January 31, 2014, to stockholders of record as of January 17, 2014. Additionally, the Company announced the appointment of Janet F. Clark to EOG Resources' Board of Directors, effective January 1, 2014. "We are thrilled to have someone with Janet's industry and financial acumen join our board," said President and CEO of EOG Resources, William R. Thomas. "She brings years of industry knowledge to EOG." The Full Research Report on EOG 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/cdbb_EOG
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Cabot Oil & Gas Corporation Research Report
On December 9, 2013, Cabot Oil & Gas Corporation (Cabot) reported results from its first 10-well pad in the Marcellus Shale, along with the sale of legacy conventional Mid-Continent and an update on its share repurchase program. The Company informed that the 10-well pad in the Marcellus was completed with 170 fracture stimulation (frac) stages with a combined peak production rate of 201 million cubic feet (Mmcf) per day and a combined average 30-day production rate of 168 Mmcf per day. The Company notified that the production rates per 1,000' of lateral exceeded Cabot's 14 Bcf type curve, further reiterating the consistency of results across Cabot's Marcellus position. "This 10-well pad represents the new standard for operational efficiencies and technological advancement in our Marcellus operations," said Dan O. Dinges, Chairman, President, and CEO of Cabot. "Fom de-risking of the Upper Marcellus and downspacing initiatives in the Lower Marcellus to drilling and completion efficiencies and bi-fuel utilization in our operations, our achievements on this pad showcase the innovation and ingenuity our team continues to demonstrate day-in and day-out." The Company also informed that during Q4 2013, Cabot has repurchased approximately 4.8 million shares, or 25% of the 19.2 million shares authorized under its current share repurchase program. Additionally, Cabot has recently entered into a purchase and sale agreement with an undisclosed buyer to sell certain legacy conventional oil and gas properties in the Mid-Continent for c.$123 million. The Full Research Report on Cabot Oil & Gas Corporation - 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/231c_COG
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Pioneer Natural Resources Company Research Report
On December 3, 2013, Pioneer Natural Resources Company (Pioneer) announced that it will release its Q4 2013 earnings on Monday, February 10, 2014, after the close of trading on the NYSE. Pioneer stated that it will also host a conference call on Tuesday, February 11, 2014 at 9:00 a.m. CT to discuss the quarterly results. The Full Research Report on Pioneer Natural Resources Company - 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/349b_PXD
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Miller Energy Resources, Inc. Research Report
On December 10, 2013, Miller Energy Resources, Inc. (Miller) reported its Q2 FY 2014 financial results (period ended October 31, 2013). In Q2 FY 2014, the Company's revenues were $18.8 million, up 73.9% YoY, driven by a 147% YoY increase in net production to 193,261 BOE. Q2 FY 2014 net loss attributable to common stockholders was $8.3 million, or $0.19 loss per diluted share, compared to $6.4 million, or $0.15 loss per diluted share, in Q2 FY 2013. "Production in Alaska grew significantly during the second quarter of fiscal 2014, resulting in record breaking revenues for the three and six months ended October 31, 2013. At our current pace, we believe we will more than double our fiscal 2013 revenue of $34.8 million during fiscal 2014, driving increased cash flows in the process," said Scott M. Boruff, CEO of Miller. "I am proud to announce that we reached our goal of producing over 4,000 BOEPD before December 31, 2013, with daily gross production of approximately 4,015 BOEPD at the end of November 2013." The Full Research Report on Miller Energy 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/c6b4_MILL
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