Why Philip Morris’s Q3 Earnings Didn't Meet Analyst Estimates

Philip Morris International (PM) announced its 3Q17 earnings on October 19. The company posted adjusted EPS (earnings per share) of $1.27 on revenues of $7.47 billion.

Pre-Market Report: Global Markets Start the Week on a Stable Note

On October 23, the Shanghai Composite Index closed at 3,380.70 after rising 0.06%. The SPDR S&P China ETF (GXC) rose 0.68% on October 20, 2017.

Procter & Gamble Didn't Impress Investors in 1Q18

Procter & Gamble reported mixed fiscal 1Q18 results. It topped analysts’ EPS estimate. However, sales remained shy of analysts’ consensus estimate.

PPG Industries Stock Rose, Posted Strong Earnings in 3Q17

PPG Industries announced its 3Q17 earnings on October 19 before the markets opened. It reported revenue of $3.77 billion—an increase of 3.0% on a YoY basis.

RECENT Energy and Power RESEARCH

Will Natural Gas's Fall Continue?

On October 11, 2017, natural gas (UNG) (BOIL) (FCG) November futures were at $2.89 per MMBtu (million British thermal units), a fall of 0.1% from the last trading session.

What Impacted the US Coal Market in the Week Ended October 6?

In the EIA’s natural gas inventory report for the week ended September 29, the natural gas inventory came in at 3,508 Bcf (billion cubic feet). This reading was higher than 3,466 Bcf in the previous week.

Reading SCANA Stock’s Key Indicators: Recent Changes

SCANA Corporation (SCG) stock seemed to have taken a breather from its free fall in the last few trading sessions. In the last one-month period, SCG stock has corrected more than 17%.

The Best, Worst in Upstream and Oilfield Services This Week

Crude oil prices have risen from last week’s close of $49.29 per barrel on October 6 to $51.09 per barrel on October 10—a rise of almost 4% so far this week.

Valero's 3Q17 Earnings: Can You Expect an Outstanding Show?

Valero Energy (VLO) is expected to publish its 3Q17 results on October 26. Before we proceed with the 3Q17 estimates, let’s recap Valero’s 2Q17 performance versus estimates.

Crude Oil Futures: The Next Big Potential Catalyst

November WTI (West Texas Intermediate) crude oil futures contracts rose 2.7% and closed at $50.92 per barrel on Tuesday, October 10, 2017.

National Oilwell Varco: What to Expect from 3Q17 Earnings

In 3Q17, Wall Street analysts expect an $0.08 adjusted loss per share for National Oilwell Varco (NOV). This outlook indicates that they expect NOV to cut its adjusted loss compared to its 2Q17 adjusted loss of $0.14 per share.

The Top 5 Rallying S&P 500 Utilities Stocks of 2017

The Utilities Select Sector SPDR ETF (XLU), which represents S&P 500 Utilities Index, has gained ~10% YTD, marginally underperforming broader markets.

Will Oil Continue to Rise?

On October 10, 2017, US crude oil (USO) (USL) (OIIL) November futures rose 2.7% and closed at $50.92 per barrel.

US Crude Oil Dips below $50: Could Energy Stocks Lose Momentum?

On October 9, 2017, US crude oil (USO) November futures closed at $49.58 per barrel—0.6% higher than the previous closing price.

MPC, VLO, ANDV, PSX: How 3Q17 Treated Refiners

Overall, refining stocks rose in 3Q17. This rise was likely due to Hurricane Harvey, which resulted in higher regional refining indicators.

What Happened in the Offshore Drilling Industry Last Week?

In the week ending October 6, Noble was the worst-performing offshore driller (OIH), while Seadrill was the best performer.

Patterson-UTI Energy: What to Expect from 3Q17 Earnings

In 3Q17, analysts expect an $0.18 adjusted loss per share for Patterson-UTI Energy (PTEN), which means Wall Street analysts expect PTEN to cut its losses from the 2Q17 adjusted loss of $0.21 per share.

Has Encana Stock Started a New Uptrend?

For the week ending October 6, 2017, Encana’s (ECA) stock price fell almost 5% or from $11.78 to $11.23. Last week, Encana stock fell in all five days.

What to Expect from Crude Oil Prices in 4Q17

US crude oil futures contracts for November delivery rose 0.6% to $49.58 per barrel on October 9. Brent crude oil futures rose 0.3% and closed at $55.79.

Does NRG Energy Have Really Strong Growth Prospects?

So far, NRG Energy stock has already risen 109% this year. Recently, Moody’s revised its outlook on NRG Energy to “positive” from “stable.”

Is Devon Energy in a New Uptrend?

In the week ending October 6, 2017, crude oil (USO) (USL) prices fell from $51.67 per barrel to $49.29 per barrel, a significant decline of almost 5%.

Whiting Petroleum This Year: The Effect of Crude Oil Prices

Whiting Petroleum (WLL) stock saw a break in its upward momentum last week when the stock fell along with falling crude oil prices.

Energy Sector Recap for October 2–6, 2017

Between September 29 and October 6, 2017, US crude oil (USO) November futures fell 4.6%. On October 6, US crude oil futures closed at $49.29 per barrel, below the $50 mark.

FirstEnergy’s Chart Indicators, Valuation, and More

Although FirstEnergy stock surged nearly 5% last week, it has not confirmed a bullish trend just yet.


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