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The Zacks Analyst Blog Highlights: Africa Oil, BP Prudhoe Bay Royalty Trust and BP

Zacks Equity Research

For Immediate Release

Chicago, IL – November 21, 2016 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Africa Oil Corp. (OTC:AOIFF–Free Report), BP Prudhoe Bay Royalty Trust (NYSE:BPT–Free Report) and BP plc (NYSE:BP– Free Report).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Friday’s Analyst Blog:

Oil Exploration Stocks Reporting Earnings Monday

With the Q3 earnings season drawing to a close, we now have a clearer picture of the earnings trends. We note a sequential improvement in the quarter with a positive year-over-year growth in both earnings and revenues.

So far, 470 S&P 500 members – 94% of the index’s total market capitalization – have reported their results. Total earnings for these companies are up 3.8% due 2.6% growth in revenues, both on a year-over-year basis. While 73.2% of these companies beat earnings per share (EPS) estimates, 55.3% surpassed top-line expectations as of Nov 17).

Per the Earnings Trends report, the general outlook for the energy sector has improved vastly as the results were better than expectations. However, the sector continued to underperform on a year-over-year basis with a massive 63.3% decrease in earnings due to a 12.9% plunge in revenues. Excluding the impact of the energy sector, the S&P 500 Index witnessed earnings growth of 7.2% as revenues inched up 4.2%.

With most of the companies already having reported their financial results, let’s have a look at how some of these energy companies might fare this quarter when their reveal their Q3 numbers on Nov 21.

Africa Oil Corp. (OTC:AOIFF– Free Report) is primarily an oil and gas exploration and development company. The company has oil and gas interests in Kenya and Ethiopia, primarily in the East African Rift Basin. Africa Oil Corp. has a Zacks Rank #2 but an Earnings ESP of 0.00%. Despite the company’s favorable Zacks Rank, our surprise prediction is complicated by its 0.00% Earnings ESP. Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.


Headquartered in Houston, TX, BP Prudhoe Bay Royalty Trust (NYSE:BPT– Free Report) offers partial ownership in British oil giant BP plc’s (NYSE:BP– Free Report) Prudhoe Bay oil field. The trust owners – with interest in the field – get cash payment from the revenues that BP generates after deducting production costs and taxes.

BP Prudhoe Bay Royalty Trust’s Earnings ESP of 0.00% complicates our surprise prediction in spite of its favorable Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here .

BP PRUDHOE BAY Price and EPS Surprise | BP PRUDHOE BAY Quote

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Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1 Stock of the Day pick for free.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.

This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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AFRICA OIL CORP (AOIFF): Free Stock Analysis Report
BP PRUDHOE BAY (BPT): Free Stock Analysis Report
BP PLC (BP): Free Stock Analysis Report
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