NEW YORK, May 22, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding NewLead Holdings Ltd. (NASDAQ: NEWL), GasLog Ltd. (NYSE: GLOG), Golar LNG Limited (NASDAQ: GLNG), Teekay Corporation (NYSE: TK) and Matson Inc. (NYSE: MATX). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2786-100free.
NewLead Holdings Ltd. Analyst Notes
On May 19, 2014, NewLead Holdings Ltd. (NewLead) announced that its "Newlead Albion" dry-bulk eco-type Handysize vessel of 32,318 dwt was delivered to the Company's fleet on May 19, 2014. The Company stated that the Newlead Albion is trading on the spot market and is expected to generate $2.0 million EBITDA per year assuming c.$1.7 million yearly OPEX. "We are modernizing our fleet with fuel efficient vessels. The fleet age is being optimized, and employment lifetime is substantially longer. NewLead expects to have three new modern Handysize vessels added to its fleet by the end of August 2014," said Michael Zolotas, Chairman and CEO of NewLead. The full analyst notes on NewLead are available to download free of charge at:
http://www.analystsreview.com/2786-NEWL-22May2014.pdf
GasLog Ltd. Analyst Notes
On May 14, 2014, GasLog Ltd. (GasLog) reported Q1 2014 financial results. In Q1 2014, the Company generated revenues of $57.1 million, up from $21.8 million in Q1 2013. Q1 2014 profit was $6.3 million, or $0.09 per share, compared to $5.9 million, or $0.09 per share, in Q1 2013. In addition, the Company informed that on May 13, 2014, its Board of Directors has declared a quarterly cash dividend of $0.12 per common share, payable on June 11, 2014 to shareholders of record as of May 27, 2014. The full analyst notes on GasLog are available to download free of charge at:
http://www.analystsreview.com/2786-GLOG-22May2014.pdf
Golar LNG Limited Analyst Notes
On May 16, 2014, Golar LNG Limited (Golar) announced that it intends to release its Q1 2014 results on May 28, 2014, before the NASDAQ opens. The Company has scheduled a webcast presentation at 2:00 p.m. London time on the same day to discuss the results. Golar stated that the presentation can be accessed via the Investor Relations section of its website. The full analyst notes on Golar are available to download free of charge at:
http://www.analystsreview.com/2786-GLNG-22May2014.pdf
Teekay Corporation Analyst Notes
On May 15, 2014, Teekay Corporation (Teekay) reported Q1 2014 financial results. In Q1 2014, the Company reported revenues of $506.5 million, compared to $451.0 million in Q1 2013. Q1 2014 net loss attributable to stockholders was $0.5 million or $0.01 loss per common share, compared to a net loss of $6.1 million, or $0.09 loss per common share, in Q1 2013. "Looking ahead, in addition to our existing project pipeline, the efforts of our offshore and gas business development teams have resulted in the recent signing of letters of intent by our two MLP daughter entities, Teekay Offshore and Teekay LNG, for exciting new accretive projects which, if finalized, we expect will further contribute to the value of our general partnerships," said Peter Evensen, President and CEO of Teekay. The full analyst notes on Teekay are available to download free of charge at:
http://www.analystsreview.com/2786-TK-22May2014.pdf
Matson Inc. Analyst Notes
On May 6, 2014, Matson Inc. (Matson) reported Q1 2014 financial results. In Q1 2014, total operating revenue was $392.5 million, compared to $394.7 million in Q1 2013. Q1 2014 net income was $3.4 million, or $0.08 per diluted share, compared to $9.1 million, or $0.21 per diluted share, in Q1 2013. "Our businesses performed as we anticipated in the first quarter of 2014, driven by sustained demand in our core markets and continued freight rate strength in all of our markets. And while the timing of fuel surcharge collections significantly impacted financial results during this quarter, our businesses are running well and continue to generate substantial cash flow. Coupled with our recent debt financing, we have ample capacity to fund our newbuild vessel commitments, pursue growth opportunities and maintain a healthy dividend," said Matt Cox, President and CEO of Matson. The full analyst notes on Matson are available to download free of charge at:
http://www.analystsreview.com/2786-MATX-22May2014.pdf
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