Zacks Bull and Bear of the Day Highlights: Visteon, Quanex Building Products, ConocoPhillips, Chevron and Anadarko Petroleum
CHICAGO, March 28, 2013 /PRNewswire/ -- Zacks Equity Research highlights Visteon Corp. (NYSE:VC) as the Bull of the Day and Quanex Building Products (NYSE:NX) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on ConocoPhillips (NYSE:COP), Chevron Corporation (NYSE:CVX) and Anadarko Petroleum Corporation (NYSE:APC).
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Full analysis of all these stocks is available at http://at.zacks.com/?id=2678.
Here is a synopsis of all five stocks:
Visteon Corp. (NYSE:VC) delivered a big Q4 earnings and sales beat on February 28, and management provided bullish guidance for 2013.
This prompted analysts to revise their estimates significantly higher for both this year and next, sending the stock to a Zacks Rank #1 (Strong Buy). Despite the strong earnings momentum, the valuation picture still looks very reasonable with shares trading at just 1.4x book value.
Visteon is a global automotive supplier that specializes in climate, electronics and interiors systems, modules and components for the major automotive manufacturers around the globe. Over 80% of its sales come from outside of North America.
Visteon delivered a big fourth quarter beat on February 28. Adjusted earnings per share came in at $1.17, beating the Zacks Consensus Estimate by 20 cents.
Earnings estimates have fallen sharply for Quanex Building Products (NYSE:NX) following disappointing first quarter results on March 7. It is a Zacks Rank #5 (Strong Sell) stock.
Although shares have sold off since the Q1 report, the stock still doesn't look cheap at 34x forward earnings. Investors may want to hold off on this stock until earnings momentum improves.
Quanex Building Products manufactures engineered materials, components and systems primarily for window and door original equipment manufacturers (OEMs). It reports is operations in two segments:
· Engineered Products, which makes window and door components and other residential building products for OEMs, that primarily serve the residential construction and remodeling markets.
· Aluminum Sheet Products, which are used in exterior housing trim, fascias, roof edgings, soffits, downspouts and gutters.
Quanex delivered disappointing results for the first quarter of its fiscal 2013 on March 7. The company reported an adjusted loss of 17 cents per share, which was below the Zacks Consensus Estimate calling for a loss of 6 cents. It was also the company's third straight earnings miss.
Latest Posts on the Zacks Analyst Blog:
Conoco Strikes Oil in Gulf of Mexico
U.S. oil major ConocoPhillips (NYSE:COP) has made a significant oil find in the deepwater Gulf of Mexico (GoM).
The WR98-1 Coronado wildcat exploration well – in Walker Ridge Block 98 – was drilled to a total depth of 31,866 feet, in 6,127 feet of water. The probe is located about 190 miles off the coast of Louisiana and about 12 miles southeast of the Shenandoah discovery. The Coronado well is still undergoing appraisal and further evaluation will be required to verify its full potential.
Chevron Corporation (NYSE:CVX) is the operator of WR98-1 with a stake of 40%. Other partners include ConocoPhillips,Anadarko Petroleum Corporation (NYSE:APC) and Venari Offshore LLC holding 35%, 15% and 10%, respectively.
The news came close on the heels of ConocoPhillips' recent major oil discovery at its Shenandoah appraisal well 2 in the deepwater GoM. The well in the Shenandoah Basin – WR51-2 - encountered more than 1,000 feet of net oil pay in high-quality Lower Tertiary-aged reservoirs. The well – located at Shenandoah oil field in Walker Ridge Block 52 in the GoM – was drilled to 31,405 feet in about 5,800 feet of water.
ConocoPhillips' exploration success in the prolific Lower Tertiary Trend is further substantiated with the Coronado discovery. The company holds the largest lease in the area with about 2 million net acres. Its remarkable results from the Coronado and Shenandoah discoveries prove the value of its portfolio in the GoM and highlight its future plans to grow organically.
Get the full analysis of all these stocks by going to http://at.zacks.com/?id=2649.
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