For Immediate Release

Chicago, IL – November 20, 2009 – 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: Toyota Motors (TM), Petroleo Brasileiro S.A. (PBR), ExxonMobil Corp. (XOM), Chevron Corp. (CVX) and Royal Dutch Shell PLC (RDS.A).

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Here are highlights from Thursday’s Analyst Blog:

Toyota’s 1st Sales Gain in 15 Months

Toyota Motors (TM) has posted its first year-over-year monthly sales gain across the globe in 15 months during October. The company’s sales rose 4% to more than 630,000 vehicles. In the U.S., the company’s sales fell 3.5%.

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Brazilian energy giant Petroleo Brasileiro S.A. (PBR), or Petrobras S.A. announced encouraging third quarter results, helped by strong performance from the Supply segment. Earnings per ADR came in at R$1.66 (96 cents), comfortably beating the Zacks Consensus Estimate of 80 cents. However, on a year-over-year basis, Petrobras’ earnings per ADR was down approximately 28.7%, hurt by lower prices of oil and natural gas. Still, they were better than the high double-digit earnings decline suffered by other majors such as ExxonMobil Corp. (XOM), Chevron Corp. (CVX), and Royal Dutch Shell PLC (RDS.A).   Upstream   Total oil and gas production during the third quarter of 2009 reached 2,534 million oil-equivalent barrels per day, from 2,524 million in the previous quarter and 2,437 million in the same period of 2008. Compared to the third quarter of 2008, Brazilian oil and natural gas liquids production increased 4.8%, while ...

Canada-based Suncor Energy (SU) reported weaker-than-expected third quarter results, hampered by lower commodity prices and higher operating expenses in its oil sands business, partly offset by increased production resulting from the Petro-Canada acquisition. Earnings per share, excluding certain items, came in at 23 Canadian cents (22 cents), below the Zacks Consensus Estimate of 31 cents. In the year-ago period, Suncor earned 87 Canadian cents (83 cents). Revenues were down marginally (by 0.8%) to C$8.4 billion.     Operating Statistics   The company reported operating earnings of C$288 million, down 64.4% year over year, while cash flow from operations dropped 49.9% from the prior-year period to C$574 million.   Production   Upstream production during August and September 2009 averaged 630,600 barrels of oil equivalent per day (BOE/d). Of this, 289,400 BOE/d came from the Petro-Canada acquisition. During the third quarter, volumes from Suncor’s legacy oil sands and natural ...

Enbridge Energy Partners L.P. (EEP) reported its third quarter earnings of 86 cents per unit, beating the Zacks Consensus Estimate of 60 cents. The company’s profit stood at 71 cents in the year-ago period.

Total revenues for the quarter decreased nearly 51% year over year to $1.36 billion. The partnership declared an unchanged cash distribution of 99 cents per unit or $3.96 per unit annualized.

Volume in the partnership’s liquid systems increased 8.3% year over year to 2,055 thousand barrels per day (MBbl/d). All three of the partnership’s liquid systems (Lakehead, Mid-Continent and North Dakota) contributed to this year over year positive volume comparison. These systems accounted for 83%, 12% and 5%, respectively, of the total liquids transported during the quarter.

Operating income in the Liquids segment increased more than 37% year over year to $132.7 million, primarily driven by transportation rate increases in connection with the completion of stage 2 of

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ONEOK Inc. (OKE) reported third-quarter profit of 45 cents per share, above the Zacks Consensus Estimate of 23 cents. However, this was lower than 55 cents per share earned a year ago. The better-than-expected results are attributed to strong performance across all segments.   Net revenues in the quarter declined 44% to $2.4 billion. Operating income declined 9.6% year over year to $173.8 million, due to lower realized commodity prices and narrower natural gas liquids (NGL) product price differentials in the ONEOK Partners segment. The decline was offset by increased NGL volumes gathered, fractionated, transported and marketed, and increased natural gas volumes processed and sold in the ONEOK Partners segment; increased transportation margins in the Energy Services segment; and the implementation of new rate mechanisms in the Distribution segment.   On segmental basis, ONEOK reported operating income of $144.7 million (down 27%) from ONEOK Partners segment; $21.2 million ...

For Immediate Release

Chicago, IL – November 9, 2009 – 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: EOG Resources Inc. (EOG), Grupo Televisa S.A. (TV), OGE Energy Corp. (OGE), Edison International (EIX) and Dynegy Inc. (DYN).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Friday’s Analyst Blog:

EOG Resources Remains Neutral

EOG Resources Inc. (EOG) reported third-quarter earnings of 81 cents per share, compared with the Zacks Consensus Estimate of 65 cents and a year-ago profit of $2.34. Before adjusting one-time items, earnings were 2 cents per share. Despite an increase

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EOG Resources Inc. (EOG) reported third-quarter earnings of 81 cents per share, compared with the Zacks Consensus Estimate of 65 cents and a year-ago profit of $2.34. Before adjusting one-time items, earnings were 2 cents per share. Despite an increase in production volumes, earnings were down from the year-earlier level due primarily to significantly lower commodity price realizations.

Total volumes during the quarter increased approximately 4% year-over-year to 195.9 billion cubic feet equivalent (Bcfe), or 2,129 million cubic feet equivalent per day (MMcfe/d), 76% of which was natural gas and 24% liquids. Natural gas volumes decreased 3% year-over-year, led by an approximately 6% decrease in the U.S. volumes to 1,128 MMcf/d, and more than 2% decrease in Canadian volumes to 219 MMcf/d.

Crude oil and condensate production during the quarter was 59.5 thousand barrels per day (MBbl/d), up nearly 23% from the year-ago level. This was primarily driven by a

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Devon Energy Corporation (DVN) posted better-than-expected results for the third quarter of 2009 due to increased production volume and favorable service and supply costs across all major operating segments. Adjusted EPS of $1.12 surpassed the Zacks Consensus Estimate of 92 cents. This, however, was significantly lower than $5.68 recorded during the same period last year, because of significantly lower product prices in the quarter. Reported net income was $499 million or $1.12 per share, compared to $2.6 billion or $5.88 per share a year ago. The combined oil, natural gas and NGL production volume soared 6% to 61.9 million BOE (i.e. 673 thousand BOE per day), driven by production growth at each of Devon’s operating segments. Growth in oil and natural gas liquids production in the United States was greater than the decline in natural gas volumes. The continuing ramp up of volumes at the Jackfish ...

Noble Energy Inc. (NBL) posted adjusted earnings per share of $1.10 for the third quarter, which surpassed the Zacks Consensus Estimate of 81 cents. However, earnings was substantially lower than $2.08 recorded during the corresponding period of last year. The better-than-expected results in the quarter were driven by increased sales volumes and reduced costs compared to the second quarter and the year-ago period.   Consolidated sales volumes improved 3% to 20 million BOE, i.e., 217 thousand BOE per day, primarily driven by increased volumes in the United States and West Africa. Volumes rose in the U.S. supported by ongoing development activity at Wattenberg, the return to full production of Ticonderoga, and the impact of the Raton gas project in the deepwater Gulf of Mexico. Reduced facility maintenance downtime helped increase natural gas volumes in West Africa. However, volumes declined in North Sea due to the Dumbarton performance. Daily ...

Yesterday, independent energy exploration and production (E&P) company Cabot Oil and Gas (COG) reported better-than-expected third-quarter results, mainly driven by increased gas production in its North region. Earnings per share, excluding non-recurring items, came in at 41 cents, outperforming the Zacks Consensus Estimate of 37 cents.  However, on a year-over-year basis, Cabot’s adjusted earnings per share declined 29.3% (from 58 cents to 41 cents), while revenue was down 15.4% to $207.0 million. The decline from the year-ago quarter can be attributed to lower commodity price realizations.  Volume Growth Continues  Overall production volumes during the quarter were 25.5 billion cubic feet equivalent (Bcfe), up more than 5% from the previous-year period. Natural gas volumes were up 5.2% year-over-year to 24.2 billion cubic feet (Bcf) and liquids volumes were up 11.6% to 231 thousand barrels (MBbl).  Strength in natural gas production was driven mainly by the North ...