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SmallCapReview.com Publishes Latest Stocks to Watch - TSCO, RRC, EGO - Stocks in the news for Thursday April 12 are Tractor Supply Company, Range Resources and Eldorado Gold Corporation - SmallCapReview.com
SmallCapReview.com Publishes Latest Stocks to Watch - TSCO, RRC, EGO

 

NewswireToday - /newswire/ - Winston-Salem, NC, United States, 2012/04/12 - Stocks in the news for Thursday April 12 are Tractor Supply Company, Range Resources and Eldorado Gold Corporation - SmallCapReview.com.

   
 
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Tractor Supply Company (Nasdaq: TSCO) $92.30. Today announced a business update for the first quarter ended March 31, 2012. Net sales for the quarter ended March 31, 2012 increased 22.0% to $1.02 billion from $836.6 million for the quarter ended March 26, 2011. Same-store sales for the quarter increased 11.5%. The same-store sales increase was driven, in part, by early spring weather in 2012. 

Each quarter of fiscal 2012 starts one week later than the same quarter of fiscal 2011, due to the Company's 2011 fiscal year having 53 weeks versus the normal 52 weeks. Reported same-store sales for the first quarter of 2012 are based on the comparable thirteen-week periods ended March 31, 2012 and April 2, 2011. Adjusting for the week shift, same-store sales for the first quarter of 2011 increased 7.6%. Same-store sales for the four quarters and full year of 2011, adjusted for the week shift, are presented in the attached table of Selected Financial and Operating Information.

What They Do: At March 31, 2012, Tractor Supply Company operated 1,117 stores in 44 states. The Company's stores are focused on supplying the lifestyle needs of recreational farmers and ranchers. 

Range Resounces (NYSE: RRC) $55.02. Today announced first quarter 2012 production results, preliminary realized prices and an update on the Pennsylvania impact fee. First quarter production volumes averaged 655.5 Mmcfe net per day, a 20% increase over the prior-year quarter. Adjusting for the Barnett production sold in April 2011, the production increase would have been 50%. The record production was driven by the continued success of the Company’s drilling program. Production was 78% natural gas, 16% natural gas liquids (NGLs) and 6% crude oil. Year-over-year oil production increased 36%, NGL production rose 20%, while natural gas production increased 19%.

The Company also announced that its preliminary first quarter 2012 commodity price realizations (including the impact of cash-settled hedges and derivative settlements which would correspond to analysts’ estimates) averaged $5.19 per mcfe before deduction of third-party transportation, gathering and compression fees. This represents a 14% decrease from the prior-year quarter. Preliminary first quarter average production and realized prices for each commodity were: natural gas – 512.5 Mmcf per day ($4.01), natural gas liquids – 17,152 barrels per day ($46.20) and crude oil – 6,682 barrels per day ($83.54). Third-party transportation, gathering and compression fees are expected to average $0.68 per mcfe for the first quarter. In prior years, third-party transportation, gathering and compression fees were netted in realized commodity prices. Such amounts were reclassified effective in the fourth quarter of 2011 and are now reported separately. The preliminary first quarter 2012 realized price after the deduction of third-party transportation, gathering and compression fees is expected to average $4.51 per mcfe.

What They Do: Range Resources is a leading independent oil and natural gas producer with operations focused in Appalachia and the southwest region of the United States.

Eldorado Gold Corporation (NYSE: EGO) $12.91. Announced today updated guidance. Paul N. Wright, President and Chief Executive Officer of Eldorado Gold Corporation is pleased to provide updated guidance in respect to the Company's construction schedules, production levels, and capital and operating cost estimates for the period 2012-2016; with special emphasis on integration of the Company`s newly acquired assets in Greece and Romania."Eldorado plans on expanding gold production by roughly 160% over the next five years, making it one of the fastest growing emerging senior gold producers globally. With industry leading cash costs of approx. $350/oz expected over the same period, the Company's extensive mine development, construction and expansion programs can be funded largely by growing internal cash flows.

Eldorado intends to invest over $1.0 billion in Greece over the next several years in new mine development and related infrastructure. This significant investment will result in material direct and indirect job creation," said Paul Wright, President and CEO of Eldorado Gold.

What They Do: Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, mining, and production of gold properties in Brazil, China, Greece, and Turkey.

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SmallCapReview.com Publishes Latest Stocks to Watch - TSCO, RRC, EGO

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