Investors Analyze These 5 Energy Stocks With Earnings on the Horizon

Continental Resources, Inc. (NYSE:CLR) will unveil its latest earnings on Wednesday, May 2, 2012. The average estimate of analysts is for net income of 84 cents per share, a rise of 58.5% 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 74 cents. Between one and three months ago, the average estimate moved up. It has risen from 80 cents during the last month. Analysts are projecting profit to rise by 30.3% versus last year to $3.53.

Last quarter, the company beat estimates by 9 cents, coming in at profit of 88 cents per share against an estimate of net income of. The company also topped expectations in the third quarter of the last fiscal year. Analysts predict a rise of 67.1% in revenue from the year-earlier quarter to $545.5 million.

Devon Energy Corp (NYSE:DVN) will unveil its latest earnings on Wednesday, May 2, 2012. The average estimate of analysts is for profit of $1.44 per share, a rise of 7.5% 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 $1.45. Between one and three months ago, the average estimate moved up. It has dropped from $1.48 during the last month. Analysts are projecting profit to rise by 2% compared to last year’s $6.26.

Analysts predict a rise of 20% in revenue from the year-earlier quarter to $2.58 billion.

Enterprise Products Partners L.P. (NYSE:EPD) will unveil its latest earnings on Wednesday, May 2, 2012. The average analyst estimate is for net income of 58 cents per share, a rise of 20.8% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 55 cents. Between one and three months ago, the average estimate moved up. It has dropped from 59 cents during the last month. Analysts are projecting profit to rise by 9% compared to last year’s $2.41.

Last quarter, the company beat estimates by 11 cents, coming in at profit of 67 cents a share versus the estimate of net income of 56 cents a share. It marked the fourth straight quarter of beating estimates. Analysts are projecting a rise of 8.3% in revenue from the year-earlier quarter to $11.03 billion.

Marathon Oil Corp (NYSE:MRO) will unveil its latest earnings on Wednesday, May 2, 2012. The average analyst estimate is for net income of 87 cents per share, a decline of 47.3% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 86 cents. Between one and three months ago, the average estimate moved down. It has risen from 85 cents during the last month. Analysts are projecting profit to rise by 18.7% compared to last year’s $3.81.

For the past three quarters, the company’s quarterly results have come in below analyst’s expectations. Last quarter, the company reported profit of 78 cents per share versus a mean estimate of net income of 85 cents per share. On average, analysts predict $3.36 billion in revenue this quarter, a decline of 84.1% from the year-ago quarter. Analysts are forecasting total revenue of $14.13 billion for the year, a decline of 7.5% from last year’s revenue of $15.28 billion.

Pioneer Natural Resources  (NYSE:PXD) will unveil its latest earnings on Wednesday, May 2, 2012. The average analyst estimate is for profit of $1.20 per share, a rise of 76.5% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from $1.11. Between one and three months ago, the average estimate moved up. It has risen from $1.12 during the last month. For the year, analysts are projecting net income of $5.59 per share, a rise of 0.7% from last year.

The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 20 cents, reporting profit of $1.21 per share against a mean estimate of net income of $1.01 per share. Analysts are projecting a rise of 41.3% in revenue from the year-earlier quarter to $747.5 million.