Earnings Preview: XTO Energy
XTO Energy (XTO) is expected to report Q2 earnings before market open Tuesday, July 22, with a conference call scheduled for 11:00 am ET.
Guidance
Analysts are looking for a profit of $1.05 on revenue of $1.83B. The consensus range is 89c to $1.18 for EPS, and revenue of $1.67B to $1.98B, according to First Call.
Analyst Views
In June, XTO raised its FY08 production target to 28% to 30%, based on agreements to acquire Hunt Petroleum Corporation and Bakken Shale producing properties from Headington Oil Company. Based on volume projections for next year, XTO also established an annual production growth target of 20% for 2009. XTO shares have suffered a dramatic pullback in recent weeks, causing Stifel Nicolaus to upgrade the stock to Buy from Hold on July 18, based on valuation.
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This article has 1 comment:
Check it out. Such an important topic right now