EQT Corporation

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Press Release $EQT EQT Corporation

0 COMMENTs 11 Mar
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Strong Oil Prices Lead to Production Ramp-up & Revenue Growth - Research Report on EQT Corporation, Continental Resources, QEP Resources, Goodrich Petroleum and Bonanza Creek Energy

NEW YORK, March 11, 2013 /PRNewswire/ --

Today, Investors Alliance announced new research reports highlighting EQT Corporation (NYSE: EQT), Continental Resources, Inc. (NYSE: CLR), QEP Resources, Inc. (NYSE: QEP), Goodrich Petroleum Corp. (NYSE: GDP) and Bonanza Creek Energy, Inc. (NYSE: BCEI). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

EQT Corporation Research Report

Despite the headwinds that caused some industries to report weak results, EQT posted a strong performance during 2012. EQT's annual production increased by 33% while its sales volume surged by 85% in 2012. Early this year, EQT also increased its proven, probable and possible (3P) reserves by 21% to 25.9 trillion cubic feet of natural gas equivalents (Tcfe). EQT's production sales volumes in 2013 are expected to be 31% higher than 2012. The company is expecting production of 335 and 340 billion cubic feet of natural gas equivalents (Bcfe) this year. The Full Research Report on EQT Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.Investors-Alliance.com/r/full_research_report/a5a0_EQT ]

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Continental Resources, Inc. Research Report

Last year was a great chapter for Continental Resources after the company efficiently ramped up its production and market share of its Bakken production to US coastal markets. The strong oil price fuelled Continental Resources' revenues after it capped the year with an excellent fourth quarter. During that period, Continental Resources increased its production by 42% to 106,831 barrels of oil equivalent per day (Boepd). The company is targeting more than 120,000 Boepd for the first quarter of 2013. Continental Resources reported a 54% increase in proven reserves to reach 785 million barrels of oil equivalent (MMboe). The Full Research Report on Continental Resources, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at [http://www.Investors-Alliance.com/r/full_research_report/2b36_CLR]

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QEP Resources, Inc. Research Report

Production growth is one of the best signals for investors. QEP Resources highlighted its production increases for crude oil and natural gas liquids (NGL) in 2012. The company reported surges of 69% and 97% for crude oil and NGL production, respectively. QEP Resources also complete its largest acquisition of an average of 125 million barrels of proven and probable reserves in the Williston Basin. QEP Resources added 52 million barrels of crude oil and 23 million barrels of NGL to its reserves. The Full Research Report on QEP Resources, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.Investors-Alliance.com/r/full_research_report/cc19_QEP]

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Goodrich Petroleum Corp. Research Report

The growing demand and strong prices have been keeping energy players busy as most of them have been posting an uptrend. Goodrich Petroleum grew its oil production by 70% last year. Goodrich Petroleum wants to sustain that trend by reaching 40 to 60% growth in oil volumes this year. The company is allocating $175 to $200 million as capital expenditure budget for 2013. The Full Research Report on Goodrich Petroleum Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.Investors-Alliance.com/r/full_research_report/c904_GDP]

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Bonanza Creek Energy, Inc. Research Report

In order to achieve its average annual production target of 14,500 to 16,000 barrels of oil equivalent per day (Boe/d), Bonanza Creek is funding $394 million to the Wattenberg Field and to Southern Arkansas. The budget will be split 80-20 with most of it going to the Wattenberg Field. Although this is a significant increase for a specific division, Bonanza Creek reassured its stakeholders of a strong and balanced oil and liquids profile. Bonanza Creek is set to release its fourth quarter and full-year 2012 earnings on Thursday, March 14, 2013 after the market close. The Full Research Report on Bonanza Creek Energy, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.Investors-Alliance.com/r/full_research_report/c1ec_BCEI]

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Contact: Patricia Byers
Email: press@investors-alliance.com
Main: +1-(480)-745-7826

SOURCE Investors-Alliance

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