Financial Results and Growth Plan Update - Research Report on Magnum Hunter, Key, Halcón, Concho, and Bill Barrett

 Financial Results and Growth Plan Update - Research Report on Magnum Hunter,
                    Key, Halcón, Concho, and Bill Barrett

PR Newswire

NEW YORK, November 13, 2013

NEW YORK, November 13, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Today, Analysts' Corner announced new research reports highlighting Magnum
Hunter Resources Corp. (NYSE: MHR), Key Energy Services Inc. (NYSE: KEG),
Halcón Resources Corp. (NYSE: HK), Concho Resources, Inc. (NYSE: CXO), and
Bill Barrett Corp. (NYSE: BBG). Today's readers may access these reports free
of charge - including full price targets, industry analysis and analyst
ratings - via the links below.

Magnum Hunter Resources Corp. Research Report

On November 8, 2013, Magnum Hunter Resources Corp. (Magnum Hunter) reported Q3
2013 financial results with total revenues stood at $73.0 million, up 100.7%
YoY. Oil and natural gas revenues increased 80.2% YoY to $54.0 million for Q3
2013. Net loss attributable to common shareholders was at $311.3 million or
$1.83 per basic and diluted share compared to $42.3 million or $0.25 per basic
and diluted share in Q3 2012. Mr. Gary C. Evans, Chairman of the Board and CEO
of Magnum Hunter Resources, said, "By accelerating our non-core asset sales
and focusing the Company on our three core unconventional shale plays, we are
positioning Magnum Hunter for exception growth in the future. While this was a
"noisy" quarter with a combination of asset write-downs and the acceleration
of discontinued operations associated with contemplated property divestitures,
we are cleaning up the Company and repositioning for a much more laser focused
entity." The Full Research Report on Magnum Hunter Resources Corp. - including
full detailed breakdown, analyst ratings and price targets - is available to
download free of charge at:

[http://www.AnalystsCorner.com/r/full_research_report/1cbb_MHR]

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Key Energy Services Inc. Research Report

On October 30, 2013, Key Energy Services Inc. (Key) reported its financial
results for Q3 2013. Consolidated revenues came in at $389.7 million, down
20.6% YoY. Net loss attributable to the Company stood at $4.8 million or $0.03
per basic and diluted share in Q3 2013 compared to $4.1 million or $0.03 per
basic and diluted share in Q3 2012. Key's Chairman, President and CEO, Dick
Alario, commented, "As expected, U.S. market activity remained flat
sequentially and our U.S. segment activity was adversely affected by changes
in certain customer spending programs. Outside of the U.S., our International
segment revenues and margins continued to be adversely affected by our
principal customer's budgetary constraints in the North Region of Mexico." Key
anticipates Q4 2013 U.S. revenues to decline by 5% to 7% QoQ with an
associated decline in margins. The Full Research Report on Key Energy Services
Inc. - including full detailed breakdown, analyst ratings and price targets -
is available to download free of charge at:

[http://www.AnalystsCorner.com/r/full_research_report/68ef_KEG]

--

Halcón Resources Corp. Research Report

On November 4, 2013, Halcón Resources Corp. (Halcón) reported its Q3 2013
financial results. Total operating revenues arrived at $305.0 million
representing an increase of 316.1% YoY. The Company stated that the net
production for the period went up 237% YoY to an average of 37,707 barrels of
oil equivalent per day (Boe/d). Net loss stood at $2.19 per diluted share
compared to $0.11 per diluted share in Q3 2012. Floyd C. Wilson, Chairman and
CEO, said, "Third quarter results were defined by continued expansion of our
activities in the Williston Basin, El Halcón and other areas. We are focused
on exploiting the substantial growth potential in our core plays and
translating that growth into value for shareholders." The Full Research Report
on Halcon Resources Corp. - including full detailed breakdown, analyst ratings
and price targets - is available to download free of charge at:

[http://www.AnalystsCorner.com/r/full_research_report/e61c_HK]

--

Concho Resources, Inc. Research Report

On November 6, 2013, Concho Resources, Inc. (Concho) announced a new
three-year growth plan that aims to double production by 2016. Tim Leach,
Concho's Chairman, CEO and President, said, "The performance of our assets and
depth of our inventory are compelling and suggest that we can increase our
growth rate. Combined with a strong balance sheet, robust cash margin and
compelling economics, we are well positioned today to accelerate growth." In
the same announcement the Company also reported its Q3 2013 financial and
operating results with total operating revenues at $652.9 million, up 40.3%
YoY. Net income was at $30.4 million or $0.29 per diluted share versus $6.0
million or $0.06 per diluted share in Q3 2012. Concho stated that for
full-year 2014 its capital budget is approximately $2.3 billion, while
expected production growth is 18% to22% YoY. The Full Research Report on
Concho Resources, Inc. - including full detailed breakdown, analyst ratings
and price targets - is available to download free of charge at:

[http://www.AnalystsCorner.com/r/full_research_report/46a4_CXO]

--

Bill Barrett Corp. Research Report

On October 31, 2013, Bill Barrett Corp. (Bill Barrett) reported its Q3 2013
financial results. Oil, natural gas and natural gas liquids production was
21.4 billion cubic feet equivalent (Bcfe) for the quarter, compared to 31.3
bcfe for Q3 2012. Total operating and other revenues declined by 17.9% YoY to
$148.6 million. Net loss per diluted share was $3.51 versus $1.11 per diluted
share in Q3 2012. The Company reported discretionary cash flow of $74.9
million versus 105.8 million in Q3 2012. The Company's CEO and President Scot
Woodall said, "Execution of our 2013 plan is right on track. Our commitment to
complete an asset sale and maintain our debt level at or below year-end 2012
is being accomplished. We are diligently working to complete our 2013 drilling
program, positioning our Company for solid oil reserve growth at year-end and
cash flow growth in 2014." The Full Research Report on Bill Barrett Corp. -
including full detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:

[http://www.AnalystsCorner.com/r/full_research_report/cc91_BBG]

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