Posts for Ticker ‘MMR’

McMoRan Does Not Strike Paydirt (MMR)

oil-well-image2McMoRan Exploration Co. (NYSE:MMR) reported first quarter 2009 numbers this morning. The news was not good — an EPS loss of -$0.90, more than double analysts’ estimates of -$0.43, and down from EPS of $0.46 in the year ago quarter. Revenues came in at $97.38 million, below the $111.32 million analysts expected . In the same quarter a year ago, McMoRan posted revenues of $295.48 million, better than three times this quarters’ revenues.
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Posted on: April 20, 2009 – 8:14 am in Earnings, Oil & Gas,

McMoran: Exploration Isn’t Paying Off (MMR)

Burning_money_pic_3McMoran Exploration Company (NYSE:MMR) reported full-year 2008 and fourth quarter results yesterday, and it definitely wasn’t pretty. The company’s full-year EPS was -$3.79, and for the fourth quarter the EPS loss totaled -$4.39.

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Posted on: January 22, 2009 – 10:37 am in Earnings, Oil & Gas,

Interim Reports Mixed for Oil Companies (APC, MMR, CVX)

Oil_well_logo_2_2Energy companies are focusing on just a couple of things as they head into earnings season. First is debt and financing; second is production, especially for those companies who suffered from Hurricanes Gustav and Ike.  Anadarko (NYSE:APC) and McMoRan (NYSE:MMR) have shown key updates and Chevron (NYSE:CVX) is on deck to do so.

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Posted on: October 7, 2008 – 9:58 am in Oil & Gas, , ,

Top 10 Pre-Market Analyst Calls (BIG, CSH, CS, ERIC, GT, MRVL, MMR, MNTA, NTRS, PCZ)

These are ten of the top analyst calls we see affecting shares in pre-market indications this Monday morning:

  • Big Lots (NYSE: BIG) Raised to Overweight from Neutral at JPMorgan.
  • Cash America (NYSE: CSH) Cut to Hold from Buy at Jefferies.
  • Credit Suisse (NYSE: CS) Raised to Peer Perform at Bear Stearns.
  • Ericsson (NASDAQ: ERIC) raised to Neutral from to Sell at Goldman Sachs; downgraded to Neutral from Buy at Banc of America.
  • Goodyear Tire & Rubber (NYSE: GT) cut to Neutral at JP Morgan.
  • Marvell Tech (NASDAQ: MRVL) raised to Outperform at FBR (stock indicated +2%).
  • McMoRan Exploration (NYSE: MMR) Cut to Hold from Buy at Jefferies.
  • Momenta Pharmaceuticals (NASDAQ: MNTA) Raised to Overweight at Morgan Stanley.
  • Northern Trust (NASDAQ: NTRS) Cut to Hold from Buy at Deutsche Bank.
  • Petro-Canada (NYSE: PCZ) raised to Outperform at CINC World Markets.

Jon C. Ogg
April 28, 2008

Posted on: April 28, 2008 – 6:33 am in Analyst Calls, , , , , , , , , ,