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WPX Energy (WPX) to Post Q2 Earnings: What's in the Offing?
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WPX Energy Inc. is scheduled to release second-quarter 2019 results on Aug 6. In the last reported quarter, the company delivered a positive earnings surprise of 66.67%.
Let’s see how things are shaping up before the upcoming earnings announcement.
Factors to Consider
WPX Energy’s production has been steadily improving owing to high-quality assets. Its Permian assets are expected to record strong production, while production from the Williston Basin is likely to be tepid during the to-be-reported quarter.
The strategic transformation of WPX Energy via selling off non-core assets and expanding midstream operations will have a positive impact on its performance.
The Zacks Consensus Estimate for second-quarter 2019 total production of the company is pegged at 158,000 barrels per day, which indicates an increase of 26.4% from the year-ago reported figure.
Earnings Whispers
A stock needs to have a positive Earnings ESP (which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate), and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to be able to beat estimates. However, WPX Energy does not have the right combination, as elaborated below.
Earnings ESP: The company’s Earnings ESP is -14.66%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: The stock currently carries a Zacks Rank #3 (Hold). Its favorable rank, when combined with the -14.66% ESP, lowers the possibility of an earnings surprise in the to-be-reported quarter.
We caution against Sell-rated stocks (#4 or 5) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are a few companies worth considering from the same industry that have the right combination of elements to beat on earnings in the upcoming releases.
Talos Energy Inc. (TALO - Free Report) is set to release second-quarter results on Aug 7. It has an Earnings ESP of +2.33% and a Zacks Rank of 3.
Berry Petroleum Corporation (BRY - Free Report) is set to release second-quarter results on Aug 7. It has an Earnings ESP of +3.40% and a Zacks Rank of 3.
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WPX Energy (WPX) to Post Q2 Earnings: What's in the Offing?
WPX Energy Inc. is scheduled to release second-quarter 2019 results on Aug 6. In the last reported quarter, the company delivered a positive earnings surprise of 66.67%.
Let’s see how things are shaping up before the upcoming earnings announcement.
Factors to Consider
WPX Energy’s production has been steadily improving owing to high-quality assets. Its Permian assets are expected to record strong production, while production from the Williston Basin is likely to be tepid during the to-be-reported quarter.
The strategic transformation of WPX Energy via selling off non-core assets and expanding midstream operations will have a positive impact on its performance.
The Zacks Consensus Estimate for second-quarter 2019 total production of the company is pegged at 158,000 barrels per day, which indicates an increase of 26.4% from the year-ago reported figure.
Earnings Whispers
A stock needs to have a positive Earnings ESP (which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate), and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to be able to beat estimates. However, WPX Energy does not have the right combination, as elaborated below.
Earnings ESP: The company’s Earnings ESP is -14.66%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
WPX Energy, Inc. Price and EPS Surprise
WPX Energy, Inc. price-eps-surprise | WPX Energy, Inc. Quote
Zacks Rank: The stock currently carries a Zacks Rank #3 (Hold). Its favorable rank, when combined with the -14.66% ESP, lowers the possibility of an earnings surprise in the to-be-reported quarter.
We caution against Sell-rated stocks (#4 or 5) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are a few companies worth considering from the same industry that have the right combination of elements to beat on earnings in the upcoming releases.
Cheniere Energy, Inc. (LNG - Free Report) is expected to release second-quarter results on Aug 8. It has an Earnings ESP of +80.30% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Talos Energy Inc. (TALO - Free Report) is set to release second-quarter results on Aug 7. It has an Earnings ESP of +2.33% and a Zacks Rank of 3.
Berry Petroleum Corporation (BRY - Free Report) is set to release second-quarter results on Aug 7. It has an Earnings ESP of +3.40% and a Zacks Rank of 3.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 7 stocks to watch. The report is only available for a limited time.
See 7 breakthrough stocks now>>