Facility Makeovers, Stock Price Updates, Financial Results Releases, and Public Offer Pricings - Analyst Notes on Hertz, Michael Kors, Whiting Petroleum, Forum Energy Technologies and Ultra Petroleum

Tue May 6, 2014 8:00am EDT

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Facility Makeovers, Stock Price Updates, Financial Results Releases, and Public Offer Pricings - Analyst Notes on Hertz, Michael Kors, Whiting Petroleum, Forum Energy Technologies and Ultra Petroleum

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PR Newswire

NEW YORK, May 6, 2014 /PRNewswire/ --

Today, Analysts Review released its analysts' notes regarding Hertz Global Holdings, Inc. (NYSE: HTZ), Michael Kors Holdings Ltd. (NYSE: KORS), Whiting Petroleum Corporation (NYSE: WLL), Forum Energy Technologies, Inc. (NYSE: FET) and Ultra Petroleum Corporation (NYSE: UPL). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2077-100free.

Hertz Global Holdings, Inc. Analyst Notes
On April 30, 2014, The Hertz Corporation (Hertz) announced that it has given a high technology makeover to its Paris Saint Ferdinand city downtown location -- the Company's first European city branch, which started in 1956. This makeover is a part of Company's worldwide reinvention of the car rental experience. Michel Taride, Group President, Hertz International, said, "It's exciting to see the Hertz car rental revolution come back to its European birthplace - our Paris St Ferdinand location was the first city center branch that Hertz operated in Europe, back in 1956." The full analyst notes on Hertz are available to download free of charge at:


Michael Kors Holdings Ltd. Analyst Notes
On May 1, 2014, Michael Kors Holdings Ltd. (Michael Kors) stock rose for the third straight session and ended higher by 1.32% at $92.40. The Company's stock opened at $91.05 and oscillated between $90.67 and $93.00 during the day. The stock witnessed a trading volume of 2.00 million shares during the session, which was lower than its previous day's volume of 2.66 million. Stock of Michael Kors' has gained 15.6% during the last three months, outperforming the NYSE Composite which has strengthened by 6.64% in the same duration of time. The full analyst notes on Michael Kors are available to download free of charge at:


Whiting Petroleum Corporation Analyst Notes
On April 30, 2014, Whiting Petroleum Corporation's (Whiting Petroleum) announced financial and operational results for Q1 2014. Whiting Petroleum reported total revenues for the quarter of $740.2 million, up 20.7% YoY. The Company announced adjusted EPS for Q1 2014 of $1.05 as compared to $0.94 in Q1 2013. Thomson Reuters' analysts, on average, estimated Company's adjusted diluted EPS at $0.97 on revenues of $697.44 million for Q1 2014. According to the Company, in Q1 2014, production totaled 9.0 million barrels of oil equivalent, of which 88% was crude oil/natural gas liquids equating to an average production rate of 100,065 barrels of oil equivalent per day (BOE/d). On May 1, 2014, the Company's stock closed at $71.24, down 3.36%. The full analyst notes on Whiting Petroleum are available to download free of charge at:


Forum Energy Technologies, Inc. Analyst Notes
On April 30, 2014, Forum Energy Technologies, Inc. (Forum Energy) announced the pricing of a public underwritten offering of an aggregate of 10 million shares of the Company's common stock by funds affiliated with SCF Partners (the Selling Stockholders) at a price to the public of $29.00 per share. Forum Energy stated that the Selling Stockholders have granted the underwriters a 30-day option to buy up to an additional 1.5 million shares of common stock only to cover over-allotments. The Company stated that all net proceeds from the sale of the common stock will be received by the Selling Stockholders. According to Forum Energy, the offering is expected to close on May 6, 2014. The full analyst notes on Forum Energy Technologies are available to download free of charge at:


Ultra Petroleum Corporation Analyst Notes
On May 1, 2014, Ultra Petroleum Corporation (Ultra Petroleum) reported financial results for Q1 2014. The Company reported an increase of 44.6% YoY in revenues at $326.3 million. Ultra Petroleum reported adjusted net income of $135.4 million, or $0.87 per diluted share, as compared to $58.5 million, or $0.38 per diluted share, in Q1 2013. Thomson Reuters' analysts, on average, estimated Ultra Petroleum to report an adjusted diluted EPS of $0.69 on revenues of $295.7 million. The Company produced 57.2 billion cubic feet equivalent (Bcfe) of natural gas and crude oil during Q1 2014. The Company anticipates producing 59 - 61 Bcfe during Q2 2014. The full analyst notes on Ultra Petroleum are available to download free of charge at:


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