| Can Energy XXI (EXXI) Beat Q1 Earnings on Cost Control? | |
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Zacks Rank: Energy XXI carries a Zacks Rank #3 (Hold) which, when combined with a positive ESP, makes us confident of an earnings beat. Note that stocks with Zacks Ranks #1 (Strong Buy), 2 (Buy) or 3 have a significantly higher chance of beating earnings. On the other hand, the Sell-rated stocks (#4 and 5) should never be considered going into an earnings announcement. What is Driving the Better-Than-Expected Earnings? As is the case with other oil and gas producers, Energy XXI’s revenues/earnings have borne the brunt of the freefall in realized prices over the past 15 months. However, the company has come up with certain initiatives to overcome the industry-wide slump. With an aggressive cost reduction program, Energy XXI is looking to shore up its margins even in this weak oil and gas pricing environment. As part of this strategy, the company has embarked on a policy to minimize service and lease operating costs. Importantly, even after pruning its cost structure, Energy XXI has been able to maintain stable production numbers. We expect the same for the to-be-reported-quarter as well. Other Stocks to Consider Energy XXI is not the only company looking up this earnings season. Here are some other firms from the energy space which, according to our model, also have the right combination of elements to post an earnings beat this quarter. Seadrill Partners LLC SDLP has an Earnings ESP of +12.00% and a Zacks Rank #1. The partnership is expected to release earnings results on Nov 25. McDermott International Inc. MDR has an Earnings ESP of +20.00% and a Zacks Rank #3. The company is anticipated to release earnings on Nov 9. Warren Resources Inc. WRES has an Earnings ESP of +9.09% and a Zacks Rank #3. The company is likely to release earnings on Nov 9. 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 MCDERMOTT INTL (MDR): Free Stock Analysis Report ENERGY XXI LTD (EXXI): Free Stock Analysis Report SEADRILL PTNRS (SDLP): Free Stock Analysis Report WARREN RSRCS (WRES): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Energy XXI
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EXPLORATEUR |
CODE : EXXI |
ISIN : BMG100821401 |
CUSIP : G10009101 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Energy X X I est une société d’exploration minière et de pétrole basée aux Etats-Unis D'Amerique. Son principal projet en exploration est VERDA RAGEN en USA. Energy X X I est cotée au Royaume-Uni et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 370,4 millions US$ (302,0 millions €). La valeur de son action a atteint son plus haut niveau récent le 18 septembre 2009 à 9,63 US$, et son plus bas niveau récent le 15 avril 2016 à 0,12 US$. Energy X X I possède 95 459 002 actions en circulation. |