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Company Overview and News
Good day, ladies and gentlemen, and welcome to the Penn Virginia's Second Quarter 2018, Earnings Conference Call. At this time, all participants are in a listen-only mode. Later we will conduct the question-and-answer session and instructions will follow at that time. [Operator Instructions] And as a reminder, this conference call is being recorded.
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8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
Penn Virginia Corporation (PVAC - Free Report) just came out with quarterly earnings of $2.46 per share, beating the Zacks Consensus Estimate of $2.44 per share. This compares to earnings of $0.69 per share a year ago. These figures are adjusted for non-recurring items.
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Murphy USA Inc. (MUSA - Free Report) reported stronger-than-expected results in the second quarter on higher merchandise margins. As a result, the company’s adjusted net income per share came in at $1.58, surpassing the Zacks Consensus Estimate of $1.21. Further, the bottom line also improved from the year-ago figure of $1.51 per share on the back of higher petroleum product and merchandise sales. Murphy’s operating revenues of $3,829 million beat the Zacks Consensus Estimate of $3,550 million on higher-than-expected petroleum product sales.
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We expect Occidental Petroleum Corporation (OXY - Free Report) to beat second-quarter 2018 earnings estimates when it reports after the market closes on Aug 8. In the first quarter, the oil and gas company delivered a positive earnings surprise of 29.58%. Why a Likely Positive Surprise? Our proven model shows that Occidental Petroleum is likely to beat estimates in the to-be-reported quarter. This is because a stock needs to have both a positive Earnings ESP and a solid Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen and Occidental Petroleum precisely has this perfect combination.
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Gulfport Energy Corporation (GPOR - Free Report) reported second-quarter adjusted net income per share of 33 cents, beating the Zacks Consensus Estimate of 28 cents. The better-than-expected performance was driven by higher-than-anticipated natural gas output, especially from the Utica shale. Natural gas volumes in the quarter under review totaled 108.2 billion cubic feet of gas (Bcf), surpassing the Zacks Consensus Estimate of $105.
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Brazil's state-run energy giant Petroleo Brasileiro S.A., or Petrobras (PBR - Free Report) announced second-quarter earnings per ADS of 44 cents, ahead of the Zacks Consensus Estimate of 31 cents and the year-ago profit of 2 cents.
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Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Penn Virginia Corporation (PVAC - Free Report) , which belongs to the Zacks Oil and Gas - Exploration and Production - United States industry, could be a great candidate to consider.
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Petróleo Brasileiro S.A. or Petrobras (PBR - Free Report) is set to release second-quarter 2018 results on Aug 3. The Zacks Consensus Estimate for the to-be-reported quarter is pegged at a profit of 28 cents on revenues of $26,215 million. In the preceding three-month period, the Rio de Janeiro-headquartered integrated player delivered a positive earnings surprise of 68.42%, courtesy of higher oil prices.
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2018-08-01 investorplace - 1
On Jul 30, oil prices closed above $70 a barrel for the first time in three weeks fueled by global supply concern and strong demand. Notably, supply concerns from Venezuela, Libya and Iran have intensified. Moreover, crude oil supplies from Saudi Arabia and other Gulf countries as well as the North Sea area of the U.K. have been disrupted of late.
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2018-08-01 zacks - 1
Noble Energy Inc. (NBL - Free Report) is scheduled to release second-quarter 2018 results on Aug 3. Last reported quarter, the company pulled off a positive earnings surprise of 25%. We expect the company to deliver a positive surprise this season. Why a Positive Surprise? Our proven model shows that Noble Energy is likely to beat estimates this to-be-reported quarter as the stock has the right combination of the two key ingredients for this to happen — a positive Earnings ESP and a favorable Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold).
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2018-08-18 - Asif
Business overview Rennova Health, Inc. (together with its subsidiaries, “Rennova”, “we” or the “Company”) is a provider of an expanding group of health care services for healthcare providers, patients and individuals. Beginning in 2018, the Company intends to focus on and operate two synergistic divisions: 1) Clinical diagnostics through its clinical laboratories; and 2) Hospital operations through its Big South Fork Medical Center, which opened on August 8, 2017, and a hospital in Jamestown Tennessee, including a doctor’s practice, the assets of which the company expect to acquire in the second quarter of 2018, pursuant to the terms of a definitive asset purchase agreement that the company entered into on January 31, 2018, as more fully discussed below. The company believe that its approach will produce a more sustainable business model and the capture of multiple revenue streams from medical providers, patients and hospital services. Management determined that because Big So...
2018-08-13 - Asif
Core Business At Ballard, Ballard Power Systems is building a clean energy growth company. Ballard Power Systems is recognized as a world leader in proton exchange membrane (“PEM”) fuel cell power system development and commercialization. The company's principal business is the design, development, manufacture, sale and service of PEM fuel cell products for a variety of applications, focusing on its power product markets of Heavy-Duty Motive (consisting of bus, truck, rail and marine applications), Portable Power, Material Handling and Backup Power, as well as the delivery of Technology Solutions, including engineering services, technology transfer, and the license and sale of its extensive intellectual property portfolio and fundamental knowledge for a variety of fuel cell applications. A fuel cell is an environmentally clean electrochemical device that combines hydrogen fuel with oxygen (from the air) to produce electricity. The hydrogen fuel can be obtained from natural g...
2018-08-13 - Asif
Overview Marathon Patent Group was incorporated in the State of Nevada on February 23, 2010 under the name Verve Ventures, Inc. On December 7, 2011, the company changed its name to American Strategic Minerals Corporation and were engaged in exploration and potential development of uranium and vanadium minerals business. In June 2012, the company discontinued its minerals business and began to invest in real estate properties in Southern California. In October 2012, the company discontinued its real estate business when its former CEO joined the firm and the company commenced its IP licensing operations, at which time the Company’s name was changed to Marathon Patent Group, Inc. On November 1, 2017, the company entered into a merger agreement with Global Bit Ventures, Inc. (“GBV”), which is focused on mining digital assets. Marathon Patent Group has since purchased its cryptocurrency mining machines and established a data center in Canada to mine digital assets. Following the me...
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