The Zacks Analyst Blog Highlights: Anadarko Petroleum, Eni SpA, Breitburn Energy Partners and Rex Energy
CHICAGO, Feb. 4, 2013 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Anadarko Petroleum Corporation (NYSE: APC), Eni SpA (NYSE: E), Breitburn Energy Partners L.P. (Nasdaq: BBEP) and Rex Energy Corporation (Nasdaq: REXX).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Friday's Analyst Blog:
Anadarko Petroleum: Will it Miss?
Anadarko Petroleum Corporation (NYSE: APC) will release its fourth quarter 2012 financial results after market close on Feb 4, 2013. In the prior quarter, the oil and gas company reported an earnings surprise of 10.53%. Anadarko Petroleum currently has a Zacks Rank #3 (Hold). Let's see how things are shaping up at Anadarko Petroleum prior to this announcement.
Factors to Consider This Quarter
In Dec 2012, Anadarko signed a Heads of Agreement with Eni SpA (NYSE: E) to develop offshore natural gas resources in Mozambique. The agreement is in sync with Anadarko's strategy to develop worldwide natural gas resources.
However, the depressed natural gas price environment in North America is likely to have a negative impact on the performance of Anadarko.
Our proven model does not conclusively show that Anadarko Petroleum is likely to beat earnings this quarter. That is because a stock needs to have both a positive earnings Expected Surprise Prediction (ESP) and a Zacks Rank of #1, 2 or 3 for this to happen. This is not the case here.
Zacks ESP: The Most Accurate estimate stands at 70 cents and the Zacks Consensus Estimate is also in line at 70 cents, resulting in 0.00% ESP.
Zacks Rank #3 (Hold): Anadarko's Zacks Rank #3 enhances the possibility of an earnings surprise. However the 0.00% ESP complicates the forecasting power making surprise prediction difficult.
We note that Anadarko registered an earnings surprise in the last four quarters. Even so we caution investors against the stock going into the earnings announcement, as a Zacks earnings ESP of 0.00% lowers the possibility of an earnings surprise.
Other Stocks to Consider
Other companies you may want to consider on the basis of our model which shows that they have the right combination of elements to post an earnings beat this quarter are as follows:
Breitburn Energy Partners L.P. (Nasdaq: BBEP) has earnings ESP of +4.35% and carries a Zacks Rank #1 (Strong Buy).
Rex Energy Corporation (Nasdaq: REXX) has earnings ESP of +25.00% and carries a Zacks Rank #3 (Hold).
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Zacks Investment Research
800-767-3771 ext. 9339
SOURCE Zacks Investment Research, Inc.