This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at firstname.lastname@example.org or call 800-767-3771 ext. 9339.
For Immediate Release
Chicago, IL – November 29, 2012 – 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 (EA - Analyst Report)), Sony (SNE - Snapshot Report)), Microsoft (MSFT - Analyst Report)), Activision Blizzard (ATVI - Snapshot Report)) and McMoRan Exploration Co. .
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 (EA - Analyst Report) 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 (SNE - Snapshot Report) PlayStation 3. For Battlefield 3 Premium members using Microsoft’s (MSFT - Analyst Report) 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 million members.
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 computers, respectively.
Lately, downloadable contents (DLCs) and expansion packs have been extensively used by publishers such as EA and Activision Blizzard (ATVI - Snapshot Report) 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. 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 well.
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 long-term.
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 today: http://at.zacks.com/?id=5517
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: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
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 any security.
Zacks Investment Research
800-767-3771 ext. 9339