Pricing of Stock Offering, Stock Price Updates, Earnings Releases, and Incidents - Analyst Notes on Stone Energy, Devon Energy, Southwestern Energy, Dril-Quip and Suncor Energy - WAFB 9 News Baton Rouge, Louisiana News, Weather, Sports

Pricing of Stock Offering, Stock Price Updates, Earnings Releases, and Incidents - Analyst Notes on Stone Energy, Devon Energy, Southwestern Energy, Dril-Quip and Suncor Energy

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NEW YORK, May 14, 2014 /PRNewswire/ --

Today, Analysts Review released its analysts' notes regarding Stone Energy Corporation (NYSE: SGY), Devon Energy Corporation (NYSE: DVN), Southwestern Energy Co. (NYSE: SWN), Dril-Quip, Inc. (NYSE: DRQ) and Suncor Energy Inc. (NYSE: SU). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at:

Stone Energy Corporation Analyst Notes
On May 8, 2014, Stone Energy Corporation (Stone Energy) announced that it has priced a registered underwritten public offering of 5 million shares of its common stock at a price to the public of $41.00 per share. The Company informed that it has granted the underwriters a 30-day option to purchase 0.75 million additional shares of its common stock. The offering is expected to close on or about May 14, 2014. Stone Energy stated that it intends to use the net proceeds from the offering for general corporate purposes, which may include potential development of the Amethyst discovery, potential drilling of a second well at Cardona South, potential Utica Shale development and the acquisition of additional Appalachian acreage. The full analyst notes on Stone Energy are available to download free of charge at:

Devon Energy Corporation Analyst Notes
On May 7, 2014, Devon Energy Corporation (Devon) released its Q1 2014 financial results. The net income attributable to Devon during the quarter stood at $324 million, or $0.79 per diluted share, versus net loss of $1.3 billion, or $3.34 per diluted share, in Q1 2013. The adjusted net income during Q1 2014 increased to $1.34 per diluted share, beating the Reuters' average analyst estimate of $1.27 per diluted share. Total operating revenues of Devon increased 89.0% YoY to $3.7 billion, which was attributable to growth in high-margin oil production combined with improved price realizations for all products. Commenting on the performance, Devon's President and CEO, John Richels said, "Our disciplined focus on high-margin drilling opportunities led to outstanding growth in oil production and enhanced profitability in the first quarter." The full analyst notes on Devon Energy are available to download free of charge at:

Southwestern Energy Co. Analyst Notes
On May 9, 2014, the stock of Southwestern Energy Co. (Southwestern) extended decline to a second consecutive session and ended lower by 1.58% at $44.90. After opening at $46.68, the stock oscillated in a range of $44.76 - $46.68, with a total of 4.40 million shares changing hands. Southwestern posted its Q1 2014 financial results on May 1, 2014, showing net income grew at a better-than-expected pace. The Company's adjusted net income for the quarter increased to $0.66 per diluted share from $0.42 per diluted share in Q1 2013. Over the past three months, the stock has risen 8.27%, outperforming the S&P 500 index which gained 4.53% during the same period. The full analyst notes on Southwestern Energy are available to download free of charge at:

Dril-Quip, Inc. Analyst Notes
On May 9, 2014, Dril-Quip, Inc. (Dril-Quip) released its Q1 2014 financial results. The Company's revenues during the quarter increased 5.7% YoY to $204.1 million. Dril-Quip's net income in Q1 2014 stood at $42.6 million, or $1.04 per diluted share, compared to $39.8 million, or $0.98 per diluted share, in Q1 2013. Analysts at Zacks Investment Research expected the Company to report EPS of $1.21. The Company stated that Q1 2014 results were unfavorably impacted by its inability to recognize c.$10 million of revenue related to items of equipment that were completed but not accepted for delivery by one of its major customers. In addition, an after-tax foreign exchange loss of $660,000, or $0.02 per diluted share, also affected its results during the quarter. The full analyst notes on Dril-Quip are available to download free of charge at:

Suncor Energy Inc. Analyst Notes
On May 7, 2014, Suncor Energy Inc. (Suncor) issued a press release informing that an employee at its Oil Sands base plant, approximately 25 kms north of Fort McMurray, died after he became victim of a bear attack. Suncor stated that it is working with the appropriate authorities and will complete a full investigation of the incident. "We are shocked by this very unusual incident and there are no words to express the tragedy of this situation. Our thoughts and prayers go out to family, friends and co-workers," said Mark Little, Suncor Executive Vice President, Upstream. The full analyst notes on Suncor Energy are available to download free of charge at:

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