3 Energy Stocks Generating Interest as Earnings Reports Come Soon

ConocoPhillips (NYSE:COP) will unveil its latest earnings on Wednesday, January 25, 2012. The average estimate of analysts is for profit of $1.85 per share, a rise of 40.2% 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 $1.89. Between one and three months ago, the average estimate moved up. It has dropped from $1.99 during the last month. For the year, analysts are projecting net income of $8.57 per share, a rise of 43.8% from last year.

The company has beaten estimates the last two quarters and is coming off a quarter where it topped the forecasts by 36 cents, reporting profit of $2.52 per share against a mean estimate of net income of $2.16. In the second quarter, the company exceeded forecasts by 21 cents with profit of $2.41 versus a mean estimate of net income of $2.20. On average, analysts predict $40.56 billion in revenue this quarter, a decline of 21.6% from the year ago quarter. Analysts are forecasting total revenue of $223.82 billion for the year, a rise of 18.1% from last year’s revenue of $189.44 billion.

Competitors to Watch: Chevron Corporation (NYSE:CVX), Exxon Mobil Corporation (NYSE:XOM), BP plc (NYSE:BP), Marathon Oil Corporation (NYSE:MRO), Hess Corp. (NYSE:HES), China Petroleum & Chemical Corp. (NYSE:SNP), TOTAL S.A. (NYSE:TOT) and Statoil ASA (NYSE:STO).

Occidental Petroleum Corporation (NYSE:OXY) will unveil its latest earnings on Wednesday, January 25, 2012. The average estimate of analysts is for profit of $1.97 per share, a rise of 26.3% 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 $1.80. Between one and three months ago, the average estimate moved up. It has risen from $1.91 during the last month. For the year, analysts are projecting net income of $8.33 per share, a rise of 44.1% from last year.

The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 23 cents, reporting profit of $2.18 per share against a mean estimate of net income of $1.95 per share. On average, analysts predict $5.7 billion in revenue this quarter, a rise of 12.6% from the year ago quarter. Analysts are forecasting total revenue of $23.57 billion for the year, a rise of 23.8% from last year’s revenue of $19.04 billion.

Competitors to Watch: ConocoPhillips (NYSE:COP), Chevron Corporation (NYSE:CVX), Exxon Mobil Corporation (NYSE:XOM), Marathon Oil Corporation (NYSE:MRO), Hess Corp. (NYSE:HES), Eni S.p.A. (NYSE:E), Williams Companies, Inc. (NYSE:WMB), Double Eagle Petroleum Co. (NASDAQ:DBLE), Southwestern Energy Co. (NYSE:SWN), and EQT Corporation (NYSE:EQT).

Hess Corp. (NYSE:HES) will unveil its latest earnings on Wednesday, January 25, 2012. The average estimate of analysts is for net income of $1.39 per share, a rise of 15.8% 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 $1.57. Between one and three months ago, the average estimate moved down. It also has dropped from $1.51 during the last month. For the year, analysts are projecting profit of $6.10 per share, a rise of 18.7% from last year.

The company enters this earnings report having missed estimates the last four quarters. Last quarter, the company fell short of expectations by 29 cents, reporting net income of of $1.11 per share against a mean estimate of profit of $1.40 per share. On average, analysts predict $9.23 billion in revenue this quarter, a rise of 6.2% from the year ago quarter. Analysts are forecasting total revenue of $36.5 billion for the year, a rise of 5.5% from last year’s revenue of $34.61 billion.

Competitors to Watch: Chevron Corporation (NYSE:CVX), Exxon Mobil Corporation (NYSE:XOM), Marathon Oil Corporation (NYSE:MRO), ConocoPhillips (NYSE:COP), BP plc (NYSE:BP), TOTAL S.A. (NYSE:TOT), Occidental Petroleum Corp. (NYSE:OXY), and China Petroleum & Chemical Corp. (NYSE:SNP).