These Energy Giants are Lighting Up Trading Screen Before Earnings

Hess Corp. (NYSE:HES) will unveil its latest earnings on Wednesday, October 26, 2011. The average estimate of analysts is for net income of $1.39 per share, a rise of 6.1% 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 $1.81. Between one and three months ago, the average estimate moved down. It also has dropped from $1.72 during the last month. For the year, analysts are projecting profit of $6.65 per share, a rise of 29.4% from last year.

For the past three quarters, the company’s quarterly results have come in below analyst’s expectations. Last quarter, the company reported net income of $1.78 per share versus a mean estimate of profit of $1.97 per share. On average, analysts predict $9.68 billion in revenue this quarter, a rise of 8.2% from the year ago quarter. Analysts are forecasting total revenue of $36.64 billion for the year, a rise of 5.9% 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), Repsol YPF, S.A. (REPYY), Occidental Petroleum Corp. (NYSE:OXY), and China Petroleum & Chemical Corp. (NYSE:SNP).

Cabot Oil & Gas Corporation (NYSE:COG) will unveil its latest earnings on Wednesday, October 26, 2011. The average estimate of analysts is for profit of 32 cents per share, a rise of 3.2% 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 34 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 33 cents during the last month. For the year, analysts are projecting net income of $1.36 per share, a rise of 38.8% from last year.

The company is looking to top estimates for the third straight quarter. Last quarter, it reported profit of 35 cents per share against a mean estimate of net income of 28 cents, and the quarter before, the company exceeded forecasts by 3 cents with profit of 15 cents versus a mean estimate of net income of 12 cents. Analysts are projecting a rise of 24.7% in revenue from the year-earlier quarter to $273.3 million.

Competitors to Watch: EOG Resources, Inc. (NYSE:EOG), Pinnacle Gas Resources, Inc. (PINN), Vanguard Natural Resources, LLC (NYSE:VNR), Magnum Hunter Resources Corp (NYSE:MHR), Anadarko Petroleum Corp. (NYSE:APC), PrimeEnergy Corporation (NASDAQ:PNRG), SM Energy Co. (NYSE:SM), EV Energy Partners, L.P. (NASDAQ:EVEP), Continental Resources, Inc. (NYSE:CLR), and Range Resources Corp. (NYSE:RRC).

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