Seadrill Ltd Reported Q2 Results

- Seadrill Ltd Reported Q2 Results



Aug 25, 2011

Seadrill Limited (NASDAQ:SDRL) reported Q2 EPS of $1.34, vs. consensus estimates of $0.69 per share. Revenues for the quarter rose 6.6% year-over-year to $995 million, missing consensus estimates of $1.01 billion.

Seadrill has a potential upside of 23.8% based on a current price of $31.04 and an average consensus analyst price target of $38.42.

Seadrill is currently below its 50-day moving average (MA) of $33.03 and below its 200-day MA of $34.15.

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JinkoSolar Holding Reported In Line Q2 EPS

- JinkoSolar Holding Reported In Line Q2 EPS



Aug 16, 2011

JinkoSolar Holding (NYSE:JKS) reported Q2 EPS of $1.38, in line with consensus estimates. Revenues for the quarter rose 152% year-over-year to $350.6 million, topping consensus estimates of $320.3 million.

The company sees Q3 revenues of $310 to $330 million, vs. consensus estimates of $343.13 million, with shipments of about 230 to 250 MW. For 2011, JinkoSolar sees revenues of $1.4 to $1.5 billion, vs. consensus estimates of $1.36 billion, with shipments of 950 to 1k MW.

Mr. Kangping Chen, JinkoSolar's chief executive officer said, "We are pleased to announce the second quarter results that came in ahead of our expectations, despite the challenging market environment. During the quarter, we exceeded our shipment and revenue guidance, and were able to maintain relatively healthy margins as a result of further improvements to our cost structure. The healthy growth is a testament to our ability to capitalize on our brand name and maintain the strong relationships we have built with our existing customers across the globe."

JinkoSolar has a potential upside of 81.2% based on a current price of $16.76 and an average consensus analyst price target of $30.37.

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Sempra Energy Reported Mixed Q2 Results, Top Line Up 21%

- Sempra Energy Reported Mixed Q2 Results, Top Line Up 21%



Aug 9, 2011

Sempra Energy (NYSE:SRE) reported adjusted Q2 EPS of $0.97, missing consensus estimates of $0.98 per share. Revenues for the quarter rose 21% year-over-year to $2.42 billion, topping consensus estimates of $2.18 billion.

The company sees 2011 EPS of $4.00 to $4.30 per share, vs. consensus estimates of $4.20 per share.

Debra L. Reed, chief executive officer of Sempra Energy said, "Through the first half of the year, we are performing well across the board and are on track to meet our 2011 earnings guidance. Our utility and pipeline acquisitions are providing strong contributions to our earnings. We also are making excellent progress on our major California utility projects and our build-out of contracted renewable energy infrastructure."

Sempra Energy has a potential upside of 24.6% based on a current price of $46.03 and an average consensus analyst price target of $57.36.

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PPL Corporation EPS In Line With Estimates, Beats Revenue For Q2

- PPL Corporation EPS In Line With Estimates, Beats Revenue For Q2



Aug 5, 2011

PPL Corporation (NYSE:PPL) reported Q2 adjusted EPS of $0.45 in line with analyst estimates. Revenues for the quarter were $2.49 billion, better than consensus estimates of $2.26 billion.

James H. Miller, PPL's chairman and chief executive officer said, "We're on track to achieve our forecasted 2011 earnings from ongoing operations despite extended unplanned outages to replace turbine blades at both of our Susquehanna nuclear units. We expect to mitigate the impact of the Susquehanna outages with strong performance from our U.K. business and positive results in other aspects of our competitive supply business."

PPL (NYSE:PPL) has a potential upside of 13.3% based on a current price of $26.53 and an average consensus analyst price target of $30.06.

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First Solar Misses Q2 Estimates

- First Solar Misses Q2 Estimates



Aug 4, 2011

First Solar (NASDAQ:FSLR) reported adjusted Q2 EPS of $0.70, missing analyst estimates of $0.92. Revenues for the quarter fell 9.4% to $533 million, less than consensus estimates of $583.42 million.

Rob Gillette, CEO of First Solar said, "First Solar continued to execute in the quarter despite a challenging European market, and our 2011 outlook remains solid due to our differentiated and resilient business model. We expect stronger performance in the second half of 2011 as we build projects from our systems pipeline, develop promising new markets, execute our cost reduction roadmaps and continue to improve module efficiencies."

First Solar (NASDAQ:FSLR) has a potential upside of 42.2% based on a current price of $107.94 and an average consensus analyst price target of $153.5.

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Progress Energy Reported Mixed Q2 Results, Top Line Down 5%

- Progress Energy Reported Mixed Q2 Results, Top Line Down 5%



Aug 4, 2011

Progress Energy (NYSE:PGN) reported Q2 EPS of $0.71, ahead of consensus estimates of $0.64 per share. Revenues for the quarter fell 4.9% year-over-year to $2.26 billion, missing consensus estimates of $2.29 billion.

The company sees 2011 EPS of $3.00 to $3.12, vs. consensus estimates of $3.13 per share.

Bill Johnson, Progress Energy chairman, president and CEO said, "Favorable weather in the second quarter, coupled with continued financial discipline within the company, helped us successfully deliver on our earnings per share goal for the first half of the year. "We continue to feel the effects of a challenging economy in our service area, but we remain focused on managing the business effectively and making wise investments to meet our customers' needs today and in the future, as we prepare for our pending merger with Duke Energy."

Progress Energy has a potential upside of 1.2% based on a current price of $46.53 and an average consensus analyst price target of $47.11.

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El Paso Topped Q2 EPS Estimates By $0.10 Per Share

- El Paso Topped Q2 EPS Estimates By $0.10 Per Share



Aug 4, 2011

El Paso (NYSE:EP) reported Q2 EPS of $0.34, ahead of consensus estimates of $0.24 per share.

Doug Foshee, chairman, president, and chief executive officer of El Paso Corporation said, "We are very pleased with our financial and operational performance. With the completion of our Ruby Pipeline, we have placed three major projects into service this year and will complete two more by year end. And with natural gas likely to be the cornerstone for growth in electric power development, we continue to see exciting growth opportunities on the horizon. Execution in our E&P business is outstanding, with oil programs ramping up with results that are equal to or better than expectations. We are very encouraged by the completion of our first 7,000 foot plus lateral in the Wolfcamp Shale, and we see this program delivering many years of very profitable development across our large acreage position. On the financial front, we continue to make excellent progress, improving our balance sheet primarily through drop downs to El Paso Pipeline Partners. This progress has put us in position to separate into two outstanding companies by year end. We believe this is a great time to be a shareholder of El Paso."

El Paso has a potential upside of 27.7% based on a current price of $19.49 and an average consensus analyst price target of $24.89.

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NRG Energy Reported Q2 Results, Top Line Up Nearly 7%

- NRG Energy Reported Q2 Results, Top Line Up Nearly 7%



Aug 4, 2011

NRG Energy (NYSE:NRG) reported Q2 EPS of $2.53, which may not be comparable to consensus estimates of $0.39 per share. Revenues for the quarter rose 6.8% year-over-year to $2.28 billion, missing consensus estimates of $2.43 billion.

The company is increasing its share purchases by an additional $250 million.

David Crane, NRG President and Chief Executive Officer commented, "Our relentless focus on execution across the Company has resulted in solid financial results for the second quarter, enabling the Company to generate substantial free cash flow even after investing close to $700 million year-to-date in our exciting growth projects. We are in a good position now to complete the simplification of our capital structure in a way that allows the Company to optimize the allocation of capital for the benefit of all of its stakeholders."

NRG Energy has a potential upside of 13.1% based on a current price of $23.66 and an average consensus analyst price target of $26.75.

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Pioneer Drilling Topped Q2 Estimates, Top Line Surged 46.4% YoY

- Pioneer Drilling Topped Q2 Estimates, Top Line Surged 46.4% YoY



Aug 4, 2011

Pioneer Drilling (AMEX:PDC) reported Q2 EPS of $0.07, ahead of consensus estimates of $0.04 per share. Revenues for the quarter rose 46.4% year-over-year to $171.3 million, topping consensus estimates of $166.0 million.

William Locke, President and CEO of Pioneer Drilling said, "We continue to see strong demand for our drilling rigs in the West Texas drilling division, which has grown from zero to 12 rigs since the beginning of 2011, and we have contracted four more rigs that will begin operating in West Texas by year-end, although day rates are lower in West Texas when compared to certain other regions, putting rigs back to work results in higher utilization rates and increased Adjusted EBITDA."

Pioneer Drilling has a potential upside of 14.3% based on a current price of $15.58 and an average consensus analyst price target of $17.81.

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Walter Energy Earnings Miss Q2 Estimates

- Walter Energy Earnings Miss



Aug 3, 2011

Walter Energy (NYSE:WLT) reported adjusted Q2 EPS of $2.36, missing analyst estimates of $4.07. Revenues for the quarter rose 88.3% to $773.00 million, missing consensus estimates of $927.16 million.

Joe Leonard, interim chief executive officer said, "Walter Energy continues to execute on its long-term strategic plan to grow its met coal production base, highlighted by the acquisition of Western in April and our execution of lease agreements on 68 million metric tons of Blue Creek coal reserves in May."

Walter Energy is currently below its 50-day moving average (MA) of $117.23 and below its 200-day MA of $118.62. In the last five trading sessions, the 50-day MA has remained constant while the 200-day MA has risen 0.4%.

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Constellation Energy Misses Q2 Estimates

- Constellation Energy Misses Q2 Estimates



Aug 3, 2011

Constellation Energy (NYSE:CEG) reported Q2 adjusted EPS of $0.76, less than the analyst estimates of $0.85 per share. Revenues for the quarter rose 1.5% year-over-year to $3.35 billion, missing consensus estimates of $3.86 billion.

The company lowered its 2011 earnings guidance range by $0.05 to $3.05 to $3.35 per share, reflecting the combined effects of longer-than-expected outages at their nuclear joint venture facilities and the impact of our recent acquisitions in the competitive residential electric market. In light of the pending merger with Exelon, the company is no longer providing earnings guidance for 2012.

Constellation Energy (NYSE:CEG) has a potential upside of 6.3% based on a current price of $37.85 and an average consensus analyst price target of $40.25.

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Forest Oil Topped Q2 Estimates, Top Line Up 14%

- Forest Oil Topped Q2 Estimates, Top Line Up 14%



Aug 2, 2011

Forest Oil (NYSE:FST) reported Q2 EPS of $0.36, ahead of consensus estimates of $0.30 per share. Revenues rose 14.4% year-over-year to $238.1 million, topping consensus estimates of $224.8 million.

Forest Oil has a potential upside of 22.5% based on a current price of $26.4 and an average consensus analyst price target of $32.33.

Forest Oil is currently below its 50-day moving average (MA) of $26.72 and below its 200-day MA of $33.15.

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SM Energy Reported Mixed Q2 Results, Top Line Up Over 78%

- SM Energy Reported Mixed Q2 Results, Top Line Up Over 78%



Aug 2, 2011

SM Energy (NYSE:SM) reported Q2 EPS of $0.91, ahead of consensus estimates of $0.53 per share. Revenues rose 78.5% year-over-year to $377.9 million, topping consensus estimates of $307.5 million.

SM Energy has a potential upside of 13.8% based on a current price of $75.56 and an average consensus analyst price target of $86.

SM Energy is currently above its 50-day moving average (MA) of $70.38 and above its 200-day of $63.32.

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Chevron Beats Estimates For Q2 Earnings

- Chevron Beats Estimates For Q2 Earnings



Jul 29, 2011

Chevron (NYSE:CVX) reported Q2 EPS of $3.85, beating analyst estimates of $3.56 per share. Revenues for the quarter were $71.58 billion, topping analyst estimates with $66.70 billion.

Chairman and CEO John Watson said, "Our second quarter financial performance was very strong. Earnings gains versus last year's quarter were primarily in our oil and gas exploration and production business, resulting from higher crude oil prices on world markets. We continued to advance our major capital projects, resumed important exploration and development drilling activity in the deepwater Gulf of Mexico and acquired new upstream resource opportunities in the second quarter."

Chevron (NYSE:CVX) has a potential upside of 16.9% based on a current price of $105.03 and an average consensus analyst price target of $122.79.

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Linn Energy Reported Q2 EPS Of $0.47

- Linn Energy Reported Q2 EPS Of $0.47



Jul 28, 2011

Linn Energy (NASDAQ:LINE) reported Q2 Adjusted EPS of $0.47, vs. consensus estimates of $0.61 per share.

Mark E. Ellis, President and Chief Executive Officer said, "We have already closed more than $850 million in acquisitions, setting a strong pace for the year. In addition, our organic growth program is on track to deliver an estimated 30 percent growth year-over-year. Our strong second quarter results, coupled with our projected future growth, positioned us to raise our distribution by 5 percent. This is the second time we have raised the distribution in the last nine months, and represents a 10 percent increase since the second quarter 2010."

Linn Energy has a potential upside of 13.2% based on a current price of $39.77 and an average consensus analyst price target of $45.

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Ford Topped Q2 Estimates, Top Line Up 16%, Maintained FY Industry Volume Estimate

- Ford Topped Q2 Estimates, Top Line Up 16%, Maintained FY Industry Volume Estimate



Jul 26, 2011

Ford (NYSE:F) reported Q2 EPS of $0.65, ex-items, ahead of consensus estimates of $0.60 per share. Auto sector revenues rose 16.3% year-over-year to $33.5 billion, topping consensus estimates of $31.6 billion.

The company expects full year industry volume of 13 to 13.5 million units, in line with its previous estimate.

Chairman and CEO Mike Bannister said, "Ford Credit's business continues to perform well, with low credit losses and strong originations capability. We continue to succeed in our mission to support Ford sales."

Ford Motor has a potential upside of 49.3% based on a current price of $13.17 and an average consensus analyst price target of $19.67.

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Baker Hughes Tops Q2 Earnings and Revenue Estimates

- Baker Hughes Tops Q2 Earnings and Revenue Estimates



Jul 25, 2011

Baker Hughes (NYSE:BHI) reported Q2 EPS of 93 cents, topping consensus estimates of 91 cents. Revenue rose 41% year-over-year to $4.74 billion, better than the $4.55 billion analysts were expecting.

Adjusted EBITDA in the second quarter 2011 was $1.02 billion, up $63 million sequentially.

Chad Deaton, chairman and CEO, said, "Our performance was solid this quarter with steady improvement of our international profit margin. As expected, the sequential profit improvement in US Land and the Gulf of Mexico nearly offset the seasonal decline in Canada."

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Schlumberger Limited Q2 Tops Estimates, Shows Growth Worldwide

- Schlumberger Limited Q2 Tops Estimates, Shows Growth Worldwide



Jul 22, 2011

Schlumberger Limited (NYSE:SLB) reported Q2 EPS of $0.87 ex-items better than analyst expectations of $0.85. Revenues for the quarter rose 62% year-over-year to $9.62 billion better than the $9.17 billion consensus estimates.

Schlumberger Chairman and CEO Andrew Gould commented, "Second-quarter results showed strong growth worldwide. All Product Groups grew at double-digit rates. In North America, a prolonged Canadian spring break-up and poor weather in the northwest were offset by very strong growth in the rest of US land and a significant contribution from deepwater operations as the rig count increased and renewed interest in exploration activity in the Gulf of Mexico led to high multiclient seismic data sales."

Schlumberger (NYSE:SLB) has a potential upside of 20.9% based on a current price of $90.96 and an average consensus analyst price target of $110.

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General Electric Tops Q2 EPS and Revenue Estimates, Optimistic About Growth

- General Electric Tops Q2 EPS and Revenue Estimates, Optimistic About Growth



Jul 22, 2011

General Electric (NYSE:GE) reported Q2 EPS of 34 cents, topping consensus estimates of 32 cents per share. Revenue in the quarter totaled $35.63 billion, above the consensus estimate of $34.72 billion. Excluding NBC Universal, revenues rose 7% year-over-year. Industrial revenue rose 23%.

GE also announced that in October it will retire the preferred stock issues to Warren Buffet's Berkshire Hathaway.

GE reported a backlog of $189 billion.

GE Chairman and CEO Jeff Immelt said, "With our fifth-consecutive quarter of double-digit earnings growth, we continue to execute in a volatile environment. We posted solid overall operating earnings growth of 18%, with strong contributions from GE Capital, Healthcare, Transportation, Aviation, and Oil & Gas. GE's backlog grew to a record high of $189 billion. Total infrastructure orders were up 24%, reflecting robust strength in equipment orders, up 33%, and service orders up 16%. We are very encouraged by second-quarter orders and earnings momentum across the company. We are optimistic about our growth prospects in the second half and beyond."

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Halliburton Tops Q2 EPS Estimates, Revenue Totals $5.9 Billion

- Halliburton Tops Q2 EPS Estimates, Revenue Totals $5.9 Billion

Jul 18, 2011

Halliburton (NYSE:HAL) reported Q2 EPS of 81 cents, ex-items, topping estimates of 73 cents per share. Revenue rose 34% year-over-year to $5.9 billion, better than the $5.7 billion analysts were expecting.

International revenue grew 8% vs the prior quarter while North America rose 16% sequentially.

Dave Lesar, chairman, president, and chief executive officer said, "We have for some time expressed confidence in the strength of the North America cycle, and our results this quarter validate our positive view on the market. Strong crude prices, operators' improved cash flows combined with their ability to access capital, and the increasingly liquids-rich nature of the United States land market, give us continued confidence in the strength of North America through 2012."

Halliburton (NYSE:HAL) has a potential upside of 20.1% based on a current price of $53.08 and an average consensus analyst price target of $63.76.

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