|By PR Newswire||
|April 8, 2014 01:49 AM EDT||
NEW YORK, April 8, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding BP plc. (NYSE: BP), Cabot Oil & Gas Corporation (NYSE: COG), EQT Corporation (NYSE: EQT), Goldcorp Inc. (NYSE: GG), and Simon Property Group Inc. (NYSE: SPG). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
BP plc Analyst Notes
On April 2, 2014, BP plc (BP) announced that it plans to shut down refining operations at its 102,000 barrels per day (bpd) Bulwer Island refinery in Brisbane, Queensland by mid-2015, and cut back over 90% of the workforce. Andy Holmes, President of BP Australasia, said that the growth of very large refineries in the Asia-Pacific region was driving structural change within the fuels supply chain in Australia and putting huge commercial pressure on smaller scale plants. BP currently employs nearly 380 staff at the refinery and will reduce the staff strength to 25 between now and mid-2015. Hit by the shrinking refining margins and lower output, the Company recently reported a sharp decline in its Q4 2013 underlying replacement cost profit at $2.8 billion versus $3.9 billion in Q4 2012. Following the announcement, the stock (ADR) of BP ended unchanged at $48.44 on NYSE. The full analyst notes on BP plc. are available to download free of charge at:
Cabot Oil & Gas Corporation Analyst Notes
On March 27, 2014, Cabot Oil & Gas Corporation (Cabot) announced that the Company will announce its Q1 2014 operating and financial results on Thursday, April 24, 2014 at 9:30 a.m. ET, before market opening. Post the results release, the Company will also host a conference call at 9:30 a.m. ET on the same day. According to Zacks.com, the consensus EPS estimate for Q1 2014 is $0.27. In Q1 2013, the Company reported net income of $42.8 million, or $0.20 per share. The full analyst notes on Cabot Oil & Gas Corporation are available to download free of charge at:
EQT Corporation Analyst Notes
On April 2, 2014, EQT Corporation (EQT) stock ended the trading session at $101.29, up 2.68%, and in line with the broader market index NYSE Composite which gained 0.31% to end the session at 10,616.87. The stock opened at $98.95 and fluctuated in the range of $98.52 - $101.37. A total of 1.95 million shares changed hands, higher than the previous day trading volume of 1.22 million shares. The stock is trading near its 52-week high of $104.72, which it made on March 18, 2014. In the past 12 months, the stock has returned 49.51%, outperforming NYSE Composite which gained 16.58% during the same time period. The full analyst notes on EQT Corporation are available to download free of charge at:
Goldcorp Inc. Analyst Notes
On April 2, 2014, Goldcorp Inc. (Goldcorp) announced suspension of operations at the Los Filos mine in Guerrero State, Mexico following failed efforts with the Carrizalillo Ejido to renew the occupancy agreement that expired on March 31, 2014. According to Goldcorp, certain activities related to environmental safeguards and site security will continue during the suspension. The Los Filos mine directly employs more than 2,600 people from nearby areas with an estimated 10,000 additional jobs created as a result of the mine's presence in the region. The Company informed that it continues to hold discussions with Ejido representatives to resolve the situation at the earliest, while ensuring the long-term sustainability of operations amid a lower gold price environment and significantly higher Mexican tax obligations. The full analyst notes on Goldcorp Inc. are available to download free of charge at:
Simon Property Group Inc. Analyst Notes
On April 2, 2014, shares of Simon Property Group Inc. (Simon) fell 0.27% to end the trading session at $164.47. The stock opened at $164.50 and touched an intra-day high of $164.93 and a low of $163.41. A total of 1.03 million shares were traded, lower than the previous day trading volume of 1.16 million shares. The stock has gained 7.22% year-to-date, compared with a 2.50% gain in NYSE Composite during the same time period. The Company will release its Q1 2014 financial results on April 22, 2014. The full analyst notes on Simon Property Group Inc. are available to download free of charge at:
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