EPL Oil & Gas
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), EPL Oil & Gas met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly and GAAP earnings per share shrank to a loss.
Margins dropped across the board.
EPL Oil & Gas recorded revenue of $86.7 million. The three analysts polled by S&P Capital IQ predicted a top line of $86.7 million on the same basis. GAAP reported sales were 2.1% higher than the prior-year quarter's $84.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.31. The five earnings estimates compiled by S&P Capital IQ anticipated $0.24 per share. GAAP EPS were -$58.00 for Q3 versus $0.58 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 71.0%, 620 basis points worse than the prior-year quarter. Operating margin was -3.3%, 5,300 basis points worse than the prior-year quarter. Net margin was -2.6%, 3,020 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $139.8 million. On the bottom line, the average EPS estimate is $0.59.
Next year's average estimate for revenue is $425.4 million. The average EPS estimate is $1.76.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 151 members out of 161 rating the stock outperform, and 10 members rating it underperform. Among 35 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 32 give EPL Oil & Gas a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on EPL Oil & Gas is outperform, with an average price target of $26.25.
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