Financial Results, Oil Discovery, Upcoming Earnings, and Technical Updates - Research Reports on Devon, BP, Ralph Lauren, State Street and First Niagara
Wednesday, October 29, 2014 9:20:00 AM ET
Today, Analysts Review released its research reports regarding Devon Energy Corp. (DVN ), BP plc. (BP ), Ralph Lauren Corporation (RL ), State Street Corporation (STT ) and First Niagara Financial Group Inc. (FNFG ). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com /7541-100free">http://www.analystsreview.com /7541-100free .
Devon Energy Corp. Research Reports
On October 24, 2014, shares in Devon Energy Corp. (Devon) fell marginally 0.17% to end the trading session at $59.91, underperforming the S&P 500 index, which gained 0.71% over the same trading session. Shares in Devon opened at $59.72 and fluctuated between $59.00 and $60.31, with 3.20 million shares changing hands. Devon Energys stock touched its 52-week low of $53.34 on October 15, 2014. The stock has declined 12.79% in the past one month, as compared to S&P 500 index and the S&P 500 Energy index, which fell 0.07% and 6.51%, respectively, over the same period of time. The full research reports on Devon are available to download free of charge at:
http://www.analystsreview.com /Oct-29-2014/DVN/report.pdf">http://www.analystsreview.com /Oct-29-2014/DVN/report.pdf
BP plc. Research Reports
On October 23, 2014, BP plc. (BP) announced an oil discovery at the Guadalupe prospect in the deepwater U.S. Gulf of Mexico. According to BP, the newly discovered well which is located approximately 180 miles off the Louisiana coast, on Keathley Canyon Block 10, was drilled by operator Chevron U.S.A. Inc (Chevron). BP Exploration & Production Inc. holds 42.5% working interest in the Guadalupe prospect, while Chevron and Venari Resources LLC hold 42.5% and 15.0 % interests, respectively. "BP is pleased to be a part of another discovery in the Paleogene trend, an area of increasing importance to the future of the Gulf of Mexico and to Americas energy security," said Richard Morrison, Regional President, BPs Gulf of Mexico business. "This again highlights BPs strength in exploration and our commitment to the deepwater U.S. Gulf of Mexico where we are the leading energy investor and leaseholder, and a top oil and natural gas producer," Morrison added. The full research reports on BP are available to download free of charge at:
http://www.analystsreview.com /Oct-29-2014/BP/report.pdf">http://www.analystsreview.com /Oct-29-2014/BP/report.pdf
Ralph Lauren Corporation Research Reports
On October 8, 2014, Ralph Lauren Corporation (Ralph Lauren) announced that the Company will release its Q2 FY 2015 (period ended September 27, 2014) financial results on October 29, 2014 at approximately 8:00 a.m. ET. The Company added that it will host a conference call on the same day at 9:00 a.m. ET. As per Zacks investment research data, the Company is expected to report earnings of $2.05 per share. Ralph Lauren informed that the live broadcast of the call will be available at the investors section of its website. The full research reports on Ralph Lauren are available to download free of charge at:
http://www.analystsreview.com /Oct-29-2014/RL/report.pdf">http://www.analystsreview.com /Oct-29-2014/RL/report.pdf
State Street Corporation Research Reports
On October 24, 2014, State Street Corporation (State Street) announced its Q3 2014 financial results. Total revenue was reported at $2.7 billion, up 8.5% YoY. Net income increased to $542 million or $1.26 per share, versus $531 million or $1.17 per share in Q3 2013. Commenting on the results, Joseph L. Hooley, State Streets Chairman, President and CEO, said, "Our third-quarter results demonstrated good growth in asset servicing and asset management fees, which together were up 9 percent from the third quarter of 2013, reflecting improved equity markets and new business. Our market-driven revenues also performed well in a traditionally seasonally slow quarter." The full research reports on State Street are available to download free of charge at:
http://www.analystsreview.com /Oct-29-2014/STT/report.pdf">http://www.analystsreview.com /Oct-29-2014/STT/report.pdf
First Niagara Financial Group Inc. Research Reports
On October 24, 2014, First Niagara Financial Group Inc. (First Niagara) announced its Q3 2014 financial results. The Company reported net interest income of $273.3 million versus $277.5 million in Q3 2013. Operating net income available to common shareholders (Non-GAAP) was $63.3 million compared with $71.6 million in Q3 2013. However, during the quarter the Company reported a GAAP net loss of $664.8 million or $1.90 per diluted share versus net income of $71.6 million or $0.20 per diluted share in Q3 2013. According to the Company, its GAAP results were impacted by a non-cash goodwill impairment charge of $800 million, and a pretax $45 million reserve to address a process issue related to certain customer deposit accounts. Gary M. Crosby, President and CEO said, "In the third quarter, despite the continued uncertainty in the macro-economic environment, we delivered very strong 9% average loan growth and remain on target as we continue to make good progress with the execution of our strategic investment plan." The full research reports on First Niagara are available to download free of charge at:
http://www.analystsreview.com /Oct-29-2014/FNFG/report.pdf">http://www.analystsreview.com /Oct-29-2014/FNFG/report.pdf
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