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TransAtlantic Petroleum Ltd (ADR) (TAT) is a $383.29 million market cap company that trades an average of 2.09 million shares per day. The company was founded in 1985 and is based in Dallas, Texas.

Time Released: Unknown at time of writing
Industry: Oil & Gas Operations
Recent Price: $1.05
52 Week High: $3.59
52 Week Low: $1.05
Book Value: $0.82

The number to beat is $-0.04 per share, based on the estimated mean earnings. Analyst estimates range between $-0.06 and $-0.03 per share. The forward P/E ratio is 21.

The company has rising revenue year-over-year of $85.56 million for 2010 vs. $29.27 million for 2009. The bottom line has falling earnings year-over-year of $-71.15 million for 2010 vs. $-62.15 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $-61.73 million for 2010 vs. $-52.81 million for 2009.

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Sep-10 $ 32.43M $ 24.23M $ -8.20M -25.29%
Jun-10 $ 21.58M $ 18.60M $ -2.98M -13.81%
Dec-09 $ 9.10M $ 11.06M $ 1.96M 21.54%
Sep-09 $ 8.96M $ 9.26M $ 0.30M 3.35%

M = millions, B = billions

Reported earnings per share compared with the mean estimate. Differences are rounded.

Fiscal Quarter Ending Month-Year Estimate Actual Difference Difference %
Dec-10 0.01 -0.09 -0.1 NA%
Sep-10 -0.03 -0.04 -0.01 NA%
Jun-10 0.00 -0.05 -0.05 NA%
Sep-09 -0.03 -0.05 -0.02 NA%

(Some onetime items are often excluded in reported EPS)

Ultra Petroleum Corp. (UPL) is a $6.34 billion market cap company that trades an average of 1.48 million shares per day. Analysts are expecting an improvement of $0.08 in earnings per share compared with last quarter's results of $0.57. The company was founded in 1979 and is based in Houston, Texas.

Time Released: After Closing Bell
Industry: Oil & Gas Operations
Recent Price: $40.93
52 Week High: $51.20
52 Week Low: $37.10
Book Value: $7.94

Investors will be looking to top $0.65 per share, based on the estimated mean earnings. Analyst estimates range between $0.57 and $0.70 per share.
The P/E ratio has trended lower, as the current trailing twelve months (ttm) P/E ratio is 19.02, while the forward P/E ratio is now 14.7. A surprise beat could really move this stock higher.

For the same fiscal period year-over-year, revenue has improved from $979.39 million for 2010 vs. $666.76 million for 2009. The bottom line has rising earnings year-over-year of $464.46 million for 2010 vs. $-451.05 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $456.30 million for 2010 vs. $-802.65 million for 2009.

The annual growth rate of revenue is 46.89%.

Gross reported revenue compared with the mean estimate (rounded).

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Mar-11 $ 307.71M $ 257.29M $ -50.42M -16.39%
Dec-10 $ 279.60M $ 276.76M $ -2.84M -1.02%
Sep-10 $ 280.09M $ 280.96M $ 0.87M 0.31%
Jun-10 $ 255.87M $ 266.04M $ 10.17M 3.97%
Mar-10 $ 270.31M $ 273.12M $ 2.81M 1.04%

M = millions, B = billions

Reported earnings per share compared with the mean estimate. Differences are rounded.

Fiscal Quarter Ending Month-Year Estimate Actual Difference Difference %
Mar-11 0.58 0.57 -0.01 -1.72%
Dec-10 0.53 0.50 -0.03 -5.66%
Sep-10 0.55 0.60 0.05 9.09%
Jun-10 0.50 0.54 0.04 8%
Mar-10 0.54 0.55 0.01 1.85%

(Some onetime items are often excluded in reported EPS)

Disclaimer: I use a proprietary blend of technical analysis, financial crowd behavior, and fundamentals in my short-term trades, and while not totally the same in longer swing trades to investments, the concepts used are similar. You may want to use this article as a starting point of your own research with your financial planner. I use Seeking Alpha, Edgar Online, Google Finance, MSN Money, CNBC, Zacks and Yahoo Finance for most of my data. I use the "confirmed" symbols from earnings.com that I believe to be of the most interest.

Source: TransAtlantic and Ultra Petroleum Report Earnings Wednesday