Plains Exploration & Production
What analysts say:
- Buy, sell, or hold?: Analysts strongly back Plains Exploration & Production, with 12 out of 14 rating it a buy and the remainder rating it a hold. Analysts don't like Plains Exploration & Production as much as competitor Berry Petroleum overall. Analysts still rate the stock a moderate buy, but they are a bit more wary about it compared to three months ago.
- Revenue forecasts: On average, analysts predict $495.6 million in revenue this quarter. That would represent a rise of 21.4% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is earnings of $0.43 per share. Estimates range from $0.16 to $0.55.
What our community says:
CAPS All-Stars are solidly backing the stock, with 96.4% giving it an outperform rating. Most of the community concurs with the All-Stars, with 96.4% granting it a rating of outperform. Even with a robust four out of five stars, Plains Exploration & Production's CAPS rating falls a little short of the community's upbeat outlook.
Management:
The company increased its gross margin by 6.4 percentage points in the last quarter. Revenue rose 29.4% while cost of sales rose 2.6% to $122.4 million from a year earlier.
Quarter | Q3 | Q2 | Q1 | Q4 |
Gross Margin | 75.6% | 72.2% | 71.6% | 70.2% |
Operating Margin | 33.6% | 36.2% | 31.1% | 22.7% |
Net Margin | (17.6%) | 24.3% | 16.5% | (4.8%) |
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Earnings estimates provided by Zacks.