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Will Anadarko Petroleum (APC) Miss Earnings Estimates in Q2?
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Anadarko Petroleum Corporation will release second-quarter 2017 financial results after the market closes on Jul 24, 2017. In the prior quarter, the oil and gas company reported a negative earnings surprise of 130.77%. Let’s see how things are shaping up at the company prior to this announcement.
Factors to Consider
The company is presently streamlining its operations. It has divested Eagleford and Marcellus assets worth nearly $2.8 billion and is working to improve oil production from its existing assets.
Due to the tragic incident in Colorado during the second quarter, Anadarko has shut all its producing vertical wells operating in the regions. These wells will resume operations post necessary inspection, which produced 13,000 net barrels of oil equivalent per day. So, this unexpected shut down could impact production goals.
Earnings Whispers
Our proven model does not show that Anadarko Petroleum is going to beat estimates this quarter. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. But that is not the case here, as you will see below.
Zacks ESP: Anadarko Petroleum has an Earnings ESP of -6.67%. This is because the Most Accurate estimate stands at a loss of 32 cents, wider than the Zacks Consensus Estimate of a loss of 30 cents.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: The company’s Zacks Rank #4 (Sell) when combined with its negative ESP, makes positive surprise unlikely this season.
Note that we caution against stocks with a Zacks Rank #4 or 5 (Strong Sell) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Anadarko Petroleum Corporation Price and EPS Surprise
Anadarko Petroleum does not have the right parameters to come out with earning surprise this season. However, we have a few players in the Zacks categorized Oil &Gas – Exploration & Production – U.S. industry, which have the right combination of elements to post an earnings beat this quarter.
Southwestern Energy Company (SWN - Free Report) has an Earnings ESP of +11.77% and a Zacks Rank #3. It is expected to report second-quarter earnings on Aug 3.
EXTRACTION OIL & GAS, LLC is expected to report second-quarter 2017 earnings on Aug 9. It has an Earnings ESP of +28.57% and a Zacks Rank #3.
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Will Anadarko Petroleum (APC) Miss Earnings Estimates in Q2?
Anadarko Petroleum Corporation will release second-quarter 2017 financial results after the market closes on Jul 24, 2017. In the prior quarter, the oil and gas company reported a negative earnings surprise of 130.77%. Let’s see how things are shaping up at the company prior to this announcement.
Factors to Consider
The company is presently streamlining its operations. It has divested Eagleford and Marcellus assets worth nearly $2.8 billion and is working to improve oil production from its existing assets.
Due to the tragic incident in Colorado during the second quarter, Anadarko has shut all its producing vertical wells operating in the regions. These wells will resume operations post necessary inspection, which produced 13,000 net barrels of oil equivalent per day. So, this unexpected shut down could impact production goals.
Earnings Whispers
Our proven model does not show that Anadarko Petroleum is going to beat estimates this quarter. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. But that is not the case here, as you will see below.
Zacks ESP: Anadarko Petroleum has an Earnings ESP of -6.67%. This is because the Most Accurate estimate stands at a loss of 32 cents, wider than the Zacks Consensus Estimate of a loss of 30 cents.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: The company’s Zacks Rank #4 (Sell) when combined with its negative ESP, makes positive surprise unlikely this season.
Note that we caution against stocks with a Zacks Rank #4 or 5 (Strong Sell) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Anadarko Petroleum Corporation Price and EPS Surprise
Anadarko Petroleum Corporation Price and EPS Surprise | Anadarko Petroleum Corporation Quote
Stocks to Consider
Anadarko Petroleum does not have the right parameters to come out with earning surprise this season. However, we have a few players in the Zacks categorized Oil &Gas – Exploration & Production – U.S. industry, which have the right combination of elements to post an earnings beat this quarter.
EQT Corporation (EQT - Free Report) has an Earnings ESP of +42.86% and a Zacks Rank #3. It is slated to report second-quarter earnings on Jul 26. You can see the complete list of today’s Zacks #1 Rank stocks here.
Southwestern Energy Company (SWN - Free Report) has an Earnings ESP of +11.77% and a Zacks Rank #3. It is expected to report second-quarter earnings on Aug 3.
EXTRACTION OIL & GAS, LLC is expected to report second-quarter 2017 earnings on Aug 9. It has an Earnings ESP of +28.57% and a Zacks Rank #3.
3 Top Picks to Ride the Hottest Tech Trend
Zacks just released a Special Report to guide you through a space that has already begun to transform our entire economy... Last year, it was generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for those who make the right trades early. Download Report with 3 Top Tech Stocks >>