3 Energy Companies Actively Trading Prior to Earnings

Sunoco, Inc. (NYSE:SUN) will unveil its latest earnings on Thursday, February 2, 2012. The average estimate of analysts is for net loss of 28 cents per share, a swing from profit of 11 cents in the year earlier quarter. During the past three months, the average estimate has moved down from 27 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 3 cents during the last month. For the year, analysts are projecting a loss of 40 cents per share, a swing from net income of $1.79 last year.

The company showed profit of 57 cents per share versus a mean estimate of net income of last quarter. This marks the fourth month of falling short of estimates. On average, analysts predict $8.14 billion in revenue this quarter, a decline of 20.4% from the year ago quarter. Analysts are forecasting total revenue of $45.64 billion for the year, a rise of 21.7% from last year’s revenue of $37.49 billion.

Competitors to Watch: Valero Energy Corporation (NYSE:VLO), Western Refining, Inc. (NYSE:WNR), Alon USA Energy, Inc. (NYSE:ALJ), Holly Corporation (NYSE:HOC), Tesoro Corporation (NYSE:TSO), Delek US Holdings, Inc. (NYSE:DK), Calumet Specialty Products Partners, L.P (NASDAQ:CLMT), Murphy Oil Corporation (NYSE:MUR), CVR Energy, Inc. (NYSE:CVI), and Frontier Oil Corporation (NYSE:FTO).

Diamond Offshore Drilling, Inc. (NYSE:DO) will unveil its latest earnings on Thursday, February 2, 2012. The average estimate of analysts is for profit of 99 cents per share, a decline of 43.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 98 cents. Between one and three months ago, the average estimate moved up. It has dropped from $1.01 during the last month. For the year, analysts are projecting net income of $6.48 per share, a decline of 5.7% from last year.

The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 38 cents, reporting profit of $1.85 per share against a mean estimate of net income of $1.47 per share. Analysts are projecting a decline of 12.2% in revenue from the year-earlier quarter to $738.3 million.

Competitors to Watch: Pride International, Inc. (NYSE:PDE), Transocean LTD (NYSE:RIG), Helmerich & Payne, Inc. (NYSE:HP), Patterson-UTI Energy, Inc. (NASDAQ:PTEN), Noble Corporation (NYSE:NE), Atwood Oceanics, Inc. (NYSE:ATW), Vantage Drilling Company (AMEX:VTG), Seahawk Drilling, Inc. (NASDAQ:HAWK), Rowan Companies, Inc. (NYSE:RDC), and Hercules Offshore, Inc. (NASDAQ:HERO).

TECO Energy, Inc. (NYSE:TE) will unveil its latest earnings on Thursday, February 2, 2012. The average estimate of analysts is for profit of 28 cents per share, a rise of 21.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 31 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 28 cents during the last month. For the year, analysts are projecting net income of $1.31 per share, a rise of 2.3% from last year.

The company topped forecasts last quarter after being in line with estimates the quarter prior. In the third quarter, it reported profit of 42 cents per share versus a mean estimate of 40 cents. Two quarters ago, it reported net income of 36 cents per share. On average, analysts predict $844.9 million in revenue this quarter, a rise of 9% from the year ago quarter. Analysts are forecasting total revenue of $3.52 billion for the year, a rise of 0.9% from last year’s revenue of $3.49 billion.

Competitors to Watch: The Southern Company (NYSE:SO), SCANA Corporation (NYSE:SCG), Progress Energy, Inc. (NYSE:PGN), Cleco Corporation (NYSE:CNL), Duke Energy Corporation (NYSE:DUK), Northeast Utilities System (NYSE:NU), PPL Corporation (NYSE:PPL), NextEra Energy, Inc. (NYSE:NEE), ALLETE, Inc. (NYSE:ALE), and Entergy Corporation (NYSE:ETR).

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

More from The Cheat Sheet