Callon Petroleum Company

Published : November 03rd, 2015

EOG Resources (EOG): What's Likely This Earnings Season?

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Oil |

EOG Resources (EOG): What's Likely This Earnings Season?

EOG Resources, Inc. EOG is set to release third-quarter 2015 financial results after the closing bell on Nov 5.   

Last quarter, the company’s earnings of 28 cents per share decreased from $1.45 earned in the prior-year quarter. This was due to weak commodity prices. The results however came above the Zacks Consensus Estimate of 5 cents. Let’s see how things are shaping up for this announcement.

Factors Influencing This Past Quarter

EOG Resources’ large portfolio of high-return projects and strong technical competence are its key long-term drivers. Increased production volumes supported results in the last reported quarter and the trend is expected to have continued.

For the third-quarter, EOG’s total production is expected between 542 thousand barrels of oil equivalent per day (MBoe/d) and 567.9 MBoe/d. For the full year, EOG expects total volume between 562.6 MBoe/d and 579.4 MBoe/d. The company lowered its total capital expenditure budget by $200 million. It now ranges between $4.7 billion and $4.9 billion for 2015, down over 40% from 2014. This is likely to have been felt in third quarter too.

Overall, the company’s activities during the July–September period were inadequate to win analysts’ confidence. The Zacks Consensus Estimate for the third quarter deteriorated to a loss of 30 cents from loss of 9 cents per share over the last 90 days.

Earnings Whispers

Our proven model does not conclusively show that EOG Resources is likely to beat results this quarter. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen. That is not the case here, as you will see below.

Zacks ESP: EOG Resources has an Earnings ESP is 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at a loss of 30 cents.

Zacks Rank: EOG Resources carries a Zacks Rank #3 (Hold), which increases the predictive power of ESP. However, we also need a positive ESP to be confident of a likely beat.

We caution against Sell-rated stocks (Zacks Rank #4 or 5) going into the announcement of the results, especially when the company is seeing negative estimate revisions.

Stocks That Warrant a Look

Here are some companies in the energy space that have the right combination of elements to post an earnings beat this quarter:

Callon Petroleum Company CPE has Earnings ESP of +66.67% and a Zacks Rank #2 (Buy). It will be reporting results on Nov 4.

PennTex Midstream Partners, LP PTXP has Earnings ESP of +114.29% and a Zacks Rank #3. The company is scheduled to release results on Nov 6.

Seadrill Partners LLC SDLP has an Earnings ESP of +12.00% and a Zacks Rank #1 (Strong Buy). The partnership is expected to release earnings results on Nov 25.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
EOG RES INC (EOG): Free Stock Analysis Report
 
SEADRILL PTNRS (SDLP): Free Stock Analysis Report
 
CALLON PETE-DEL (CPE): Free Stock Analysis Report
 
PENNTEX MIDSTRM (PTXP): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research
Read the rest of the article at finance.yahoo.com

Callon Petroleum Company

CODE : CPE
ISIN : US13123X1028
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Callon Petroleum is a oil development stage company based in Canada.

Callon Petroleum is listed in Germany and in United States of America. Its market capitalisation is US$ 7.2 billions as of today (€ 6.7 billions).

Its stock quote reached its lowest recent point on March 13, 2020 at US$ 0.38, and its highest recent level on March 28, 2024 at US$ 35.76.

Callon Petroleum has 201 939 430 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Callon Petroleum Company
9/7/2016Callon Petroleum upsizes and prices 26 mln shares of common ...
9/7/2016Callon Petroleum Company Announces Upsizing and Pricing of C...
Corporate news of Callon Petroleum Company
7/12/2016Callon Petroleum Company Announces Second Quarter 2016 Earni...
6/21/2016Callon Petroleum Company Announces Upcoming Investor Event
6/3/2016Callon Petroleum Declares Series A Preferred Dividend
6/1/2016Callon Petroleum Company Announces Upcoming Investor Events
5/31/2016Callon Petroleum Company Completes Midland Basin Acquisition...
2/1/2016Callon Petroleum Company Announces Fourth Quarter and Full-Y...
2/1/2016Callon Petroleum Company Announces Operational Update and 20...
2/1/20167:33 am Callon Petroleum raises bottom end of Q4 production ...
11/24/2015Huge Year Continues For Callon Petroleum Company (CPE) And I...
11/4/2015Callon reports 3Q loss
11/4/20154:25 pm Callon Petroleum beats by $0.02, misses on revs
11/4/2015Callon Petroleum Company Announces Third Quarter 2015 Result...
11/3/2015EOG Resources (EOG): What's Likely This Earnings Season?
11/2/2015Will Qorvo (QRVO) Q2 Earnings Beat on Holistic Growth?
10/27/2015The Zacks Analyst Blog Highlights: Baker Hughes, Exterran Pa...
10/26/2015US Oil Rig Count Down 8 Weeks: 4 Energy Picks
10/7/20154:18 pm Callon Petroleum announces that the borrowing base u...
10/7/2015Callon Petroleum Company Announces 20% Increase in Borrowing...
10/5/20154 Energy Earnings Plays for Q3 Amid Falling US Rig Count
10/5/2015Callon Petroleum Company Announces Third Quarter 2015 Earnin...
9/21/2015Callon Petroleum: The Secret Is Out
9/14/2015Callon Petroleum Company Announces Upcoming Investor Event
9/8/2015Cowen Downgrades Two-Thirds Of E&P Coverage Portfolio
9/4/2015Callon Petroleum Declares Series A Preferred Dividend
9/4/2015Edited Transcript of CPE earnings conference call or present...
8/28/2015Can Callon Petroleum (CPE) Run Higher on Strong Earnings Est...
8/8/201510-Q for Callon Petroleum Co.
8/6/2015Edited Transcript of CPE earnings conference call or present...
8/5/2015Callon reports 2Q loss
8/5/20154:49 pm Callon Petroleum misses by $0.11, misses on revs
8/5/2015Callon Petroleum Company Announces Second Quarter 2015 Resul...
7/9/2015Callon Petroleum Company Announces Second Quarter 2015 Earni...
6/30/2015Edited Transcript of CPE presentation 23-Jun-15 8:00pm GMT
4/20/2015NYSE stocks posting largest percentage increases
4/16/2015Matador Resources (MTDR) Shares Fall on 7M Stock Offering - ...
4/15/2015Can The Uptrend Continue for Callon Petroleum (CPE)? - Tale ...
4/14/2015Noble Energy (NBL) Expands Footprint in Falkland Islands - A...
4/13/2015Callon Petroleum Company Announces Upcoming Investor Event
4/6/2015Surging Earnings Estimates Signal Good News for Callon Petro...
4/6/2015Callon Petroleum Company Announces Reaffirmation of Borrowin...
4/3/2015Webcast-OGIS New York for Callon Petroleum Co.
3/27/2015SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Invest...
3/23/2015Callon Petroleum Announces Agreement with Lone Star Value an...
3/16/2015Starboard Resources, Inc. Is Not Represented By Gregory Imbr...
3/16/2015Callon Petroleum Company Announces Upcoming Investor Event
3/13/2015Callon Petroleum Company Announces Closing of Common Stock O...
3/11/2015Imperial Capital Sees Multiple Positive Factors For Callon P...
3/9/2015Callon Petroleum Company Announces Pricing of Common Stock O...
3/9/2015Callon Petroleum Company Announces Common Stock Offering
3/8/201510-K for Callon Petroleum Co.
3/4/2015Callon misses Street 4Q forecasts
3/4/2015Callon Petroleum Company Announces Full Year and Fourth Quar...
3/2/2015Callon Petroleum Declares Series A Preferred Dividend
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
NYSE (CPE)FRANKFURT (CE5.F)
35.76-3.95%0.890-7.29%
NYSE
US$ 35.76
03/28 16:00 -1.47
-3.95%
Prev close Open
37.23 35.45
Low High
35.35 36.18
Year l/h YTD var.
30.63 -  36.05 9.79%
52 week l/h 52 week var.
28.74 -  40.80 8.10%
Volume 1 month var.
5,693,325 -0.804%
24hGold TrendPower© : -1
Produces
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2024-7.14%
20233.83%42.7228.95
2022-21.50%66.4831.23
2021259.04%65.4512.80
2020179.41%9.940.38
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.75+0.52%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.14+2.01%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.53-2.91%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06-8.33%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.48+4.20%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.54+1.44%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.89+6.78%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 51.68-0.80%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :