NEW YORK, January 29, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including CONSOL (NYSE: CNX), Continental (NYSE: CLR), Core Laboratories (NYSE: CLB), Crescent Point (NYSE: CPG), and Cross Timbers (NYSE: CRT). 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):
CNX Research Report: ( http://get.analystsreview.com/pdf/?c=CONSOL&d=29-Jan-2015&s=CNX ),
CLR Research Report: ( http://get.analystsreview.com/pdf/?c=Continental&d=29-Jan-2015&s=CLR ),
CLB Research Report: ( http://get.analystsreview.com/pdf/?c=Core%20Laboratories&d=29-Jan-2015&s=CLB ),
CPG Research Report: ( http://get.analystsreview.com/pdf/?c=Crescent%20Point&d=29-Jan-2015&s=CPG ),
CRT Research Report: ( http://get.analystsreview.com/pdf/?c=Cross%20Timbers&d=29-Jan-2015&s=CRT ).
Analyst Update: Earnings Release Schedule, Capex Outlook, and Dividend Distributions
Reviewed by: Rohit Tuli, CFA®
The U.S. stocks fell on Wednesday, weighed down by sharp decline in the energy stocks following further decline in the oil prices. Investors were also seen fleeing to the U.S. government bonds on Wednesday, sending the yield on 10-year bonds to their lowest level since May 2013, after Federal Reserve said that it will remain "patient" while deciding when to raise the interest rates as inflation remained below forecasts. The U.S. Fed's statement came after first policy-setting meeting of the year. The Dow Jones Industrial Average fell 1.13% to close at 17,191.37, the S&P 500 lost 1.35% to close at 2,002.16, and the Nasdaq Composite declined 0.93% to end at 4,637.99. Meanwhile, European markets witnessed a choppy session on Wednesday as major indexes came under pressure amid continued slump in Greek stocks. In Asia, markets ended on a mixed note as investors remained cautious following weak cues from the overseas markets on the back of disappointing U.S. earnings and durable-goods orders data.
CONSOL Energy, Inc. (CONSOL) has scheduled the release of its fourth quarter 2014 earnings on Friday, January 30, 2015. On average, analysts polled by Bloomberg Businessweek expect the Company to report profit per share of $0.33 on revenue of c.$980 million.
Continental Resources, Inc. (Continental) has announced reduction in its 2015 capital expenditure budget to reflect the decline in commodity prices. The Company now expects to spend $2.7 billion in 2015 which will yield 16% to 20% production growth over the estimated 2014 production.
Core Laboratories N.V. (Core Laboratories) announced that its Board of Supervisory Directors has declared an increase of 10% in dividend for first quarter 2015. The Company's increased quarterly dividend amounts to $0.55 per share, compared to quarterly dividends of $0.50 per share that were paid in 2014.
Crescent Point Energy Corp. (Crescent Point) confirmed that the dividend related to its January 2015 production will be C$0.23 per share. The dividend remains unchanged from the last dividend paid by the Company to its shareholders for December 2014 production.
Cross Timbers Royalty Trust's (Cross Timbers) Trustee Southwest Bank has declared a cash distribution to the holders of its units of beneficial interest of $0.160251 per unit. The cash distribution is scheduled for February 13, 2015, to unitholders of record on January 30, 2015.
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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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