The Zacks Analyst Blog Highlights: Electronic Arts, Sony, Microsoft,
Activision Blizzard and McMoRan Exploration
CHICAGO, Nov. 29, 2012
CHICAGO, Nov. 29, 2012 /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 Electronic Arts(Nasdaq:EA), Sony
(NYSE:SNE), Microsoft (Nasdaq:MSFT), Activision Blizzard (Nasdaq:ATVI) and
McMoRan Exploration Co. (NYSE:MMR).
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 Wednesday's Analyst Blog:
EA Launches New Expansion Pack
Electronic Arts(Nasdaq:EA) studio DICE recently announced the launch of
Battlefield 3: Aftermath digital expansion pack. The expansion pack is
currently available to Battlefield 3 Premium members, exclusively on Sony's
(NYSE:SNE) PlayStation 3. For Battlefield 3 Premium members using Microsoft's
(Nasdaq:MSFT)Xbox 360 and personal computers, the expansion pack will be
available from December 4, 2012 onward.
Battlefield 3 has been touted as one of the most successful EA games of all
time. It earned the distinction of being the fastest selling title in EA's
history, selling more than 17 million units since its release. Battlefield 3
Premium edition was launched by EA in September, 2012 and currently has 2
The membership of Battlefield 3 Premium service allows players complete first
hand access to all expansion packs namely Back to Karkand, Close Quarters and
Armored Kill, just released Aftermath and the upcoming End Game (March 2013).
Battlefield 3: Aftermath is the fourth expansion pack of the series, which
offers four new maps in a vertical and horizontal setting, three new vehicles,
a civilian vehicle and a complete new game mode (Scavenger). Battlefield 3
players who do not have a premium membership will be able to access the
expansion pack from December 11 and 18, on PlayStation and Xbox 360 & personal
Lately, downloadable contents (DLCs) and expansion packs have been extensively
used by publishers such as EA and Activision Blizzard (Nasdaq:ATVI) to keep
gamers interested in the franchise. So far, EA has always benefited from the
launch of DLCs and expansion packs for some of its famous franchises that
include Battlefield and Mass Effect. Activision has also released a number of
expansion packs for its well acclaimed Call of Duty franchise.
However, some gamers remain dissatisfied with the continuous launch of DLCs as
they believe that DLCs and expansion packs are being used by gaming companies
to exploit them. They blame video game companies of intentionally holding back
game content, which they later on release in the form of DLCs and expansion
packs to garner recurring revenues.
Although this negative publicity may hurt subscriber base, we nonetheless
believe that EA and Activision will continue to launch expansion packs of
their popular franchises going forward.
We believe that EA's high-quality titles and a robust product pipeline along
with the increasing online exposure and traction in the social and mobile
gaming market will not only offset any near-term dissatisfaction among its
subscribers, but will also boost top-line growth over the long term.
However, we remain cautious on EA due to sluggish consumer spending, dismal
video game sales and increasing competition. Considering these factors, we
have a Neutral recommendation on EA over the long term. Currently, EA has a
Zacks #3 Rank, which implies a 'Hold' rating in the short term.
McMoRan Updates on Gulf of Mexico Ops
Exploration and production company McMoRan Exploration Co. (NYSE:MMR) recently
issued updates related to its activities in the Gulf of Mexico (GOM). The
company provided updates on operations at Davy Jones No. 1, drilling outcome
at Lineham Creek, logging results from Blackbeard West No. 2 and progress work
at Lomond North.
At Davy Jones No. 1 on South Marsh Island Block 230, the company recovered
completion fluids during the ongoing flow testing work. The weight of
completion fluids recovered to date is around 9 to 19 pounds per gallon. To
clean up the perforations, the company will infuse a barite solvent into the
formation. Earlier, the company successfully drilled two sub-salt wells at
Davy Jones field. It holds 63.4% working interest and 50.2% net revenue
interest in Davy Jones.
The drilling operations at Lineham Creek well, located in Cameron Parish,
Louisiana, encountered hydrocarbon bearing porous sands. The well was drilled
to a depth of 25,250 feet and is expected to be drilled up to 29,000 feet.
Working interest of the company in the well is 36% .
The Blackbeard West No. 2 well on Ship Shoal Block 188 was drilled below
25,200 feet and hit hydrocarbon bearing sands. The company intends to drill up
to 25,500 feet to assess Miocene targets. McMoRan owns 69.4% working interest
and 53.1% net revenue interest in the Block.
The Lomond North exploratory well in St. Martin Parish, LA, was drilled below
10,700 feet and is expected to encounter Eocene, Paleocene and Cretaceous
objectives under the salt weld. McMoRan holds 72% working interest in the
McMoRan is an independent public company and its operations are carried out
chiefly in the GOM Shelf and onshore in the Gulf Coast area.
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
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
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:
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
Zacks Investment Research
800-767-3771 ext. 9339
SOURCE Zacks Investment Research, Inc.
Press spacebar to pause and continue. Press esc to stop.