Wall Street analysts estimate revenues of just over $1.1 billion in 1Q16 for Transocean. This is a dip from revenues of just under $1.9 billion in 4Q15.
Last year was hard on offshore drilling companies. Day rates fell by ~50%, contracting activity diminished, and Transocean’s revenues dropped by 20% YoY.
Of analysts surveyed by Bloomberg, 40% rate Spectra Energy (SE) a “buy” and 53% rate the stock a “hold.”
Spectra Energy (SE) has risen 28% since the start of 2016. How do peers compare?
SEP’s 4Q15 EBITDA growth mainly came from expansion projects in its natural gas transmission business. These projects should continue to contribute to the segment’s EBITDA in 1Q16.
Spectra Energy (SE) and its MLP Spectra Energy Partners (SEP) are scheduled to report their 1Q16 earnings on May 4. Here’s what you need to know.
In the weeks leading up to PDC Energy’s earnings release for the first quarter of 2016, Wall Street analysts provided target prices for the next 12 months.
PDC Energy’s (PDCE) stock has been rallying along with crude oil prices (USO).
PDC Energy’s (PDCE) total production volumes in 2015 stood at 15.4 MMboe (million barrels of oil equivalent).
PDC Energy (PDCE) is expected to release its 1Q16 earnings on May 6, 2016. 1Q16 revenue estimates are ~$151.3 million.
About 73% of Street analysts rate Rice Energy a “buy,” while ~19% rate it a “hold,” and ~8% rate it a “sell.” The average broker target price is $18.93.
Mirroring the rally in natural gas prices, RICE has declined by ~24% YoY. Natural gas prices have dropped by ~13% in the same period.
For 2016, Rice Energy expects its net production to be 700-740 MMcfe per day. This would represent a growth range of 27%–34% as compared to 2015 levels.
Rice Energy will release its 1Q16 earnings on May 4. The company’s 1Q16 revenue estimates stand at ~$197.5 million. Its revenue in 1Q15 was ~$109.5 million.
Approximately 9.4% of analysts covering Chesapeake have rated the stock a “buy,” while ~59.4% rate it a “hold,” and 31% rate it a “sell.”
Mirroring the movements in natural gas prices. Chesapeake’s stock has declined by ~54% YoY. Natural gas prices have declined by ~13% in the same period.
For 2016, Chesapeake Energy expects its annual production to decline in the range of 0%–5%. For 2015, CHK reported production of 248 MMboe.
Chesapeake Energy expects its 1Q16 revenues to be ~$1.9 billion. Its revenues in 1Q15 were ~$2.7 billion.
The average broker target price of $38.55 for Noble Energy (NBL) implies a return of around 5.6% in the next 12 months.
For 2016, Noble Energy (NBL) has hedged 38% of its forecast oil volumes and 26% of US natural gas volumes.