The Zacks Analyst Blog Highlights: Anadarko Petroleum, Eni SpA, Breitburn
Energy Partners and Rex Energy
CHICAGO, Feb. 4, 2013
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).
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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).
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