Welcome!

News Feed Item

The Zacks Analyst Blog Highlights:Embraer, Denbury Resources, ExxonMobil, ConocoPhillips and Clayton Williams Energy

CHICAGO, Feb. 14, 2014 /PRNewswire/ -- 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 the Embraer SA (NYSE:ERJ-Free Report), Denbury Resources Inc. (NYSE:DNR-Free Report), ExxonMobil Corporation (NYSE:XOM-Free Report), ConocoPhillips (NYSE:COP-Free Report) and Clayton Williams Energy, Inc. (NYSE:CWEI-Free Report).

(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)

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

Here are highlights from Thursday's Analyst Blog:

Embraer Sees Booming Demand in Asia-Pacific

Brazilian aircraft maker Embraer SA (NYSE:ERJ-Free Report) foresees a $70 billion growth opportunity over the next two decades in Asia-Pacific including China. The region is poised to take delivery of 1,500 new jets in the 70-130 seat segment over the said period. This will comprise almost 20% of the global demand in this segment. The Asia-Pacific region is believed to be the latest hunting ground for commercial aircraft manufacturers as encouraging demographic factors are driving unprecedented growth in the regional airline industry.

Embraer with an 80% plus stake in the 70-130 seat Asia Pacific market estimates that 65% of the projected new deliveries will aid in market growth while 35% will replace an ageing fleet. Since 2004 the company has delivered almost 150 E-Jets to 10 operators from 6 countries in the region.

Intra-regional liberalization supported by economic growth is expected to drive air transport demand by 6% annually by 2032. Embraer expects the Asia-Pacific region to gradually become the world's largest market for aircraft makers. This expansion is expected to come mostly from China and India where an emerging urban middle class is increasingly taking to air travel.

In a separate release, the company announced that it had signed a deal with U.S.-based Hawker Pacific Aerospace Inc. for maintenance and support services for its Legacy 500 and Legacy 450 executive jets in the Asia-Pacific region.

The Embraer E-Jet family is a series of narrow-body, medium-range, twin-engine jet airliners. Since 2004, Embraer holds a global market share of 51% of orders and 62% of deliveries in the 70 to 130-seat segment.

Embraer customers use these E-jets either as network carriers, as charter operators or as low cost and regional airlines. E-jets help the airlines in balancing demand with capacity, in substituting old and inefficient aircraft, and developing new markets at lower costs and greater efficiency.

Downcast Realizations Overshadow Denbury

Texas-based Denbury Resources Inc.'s (NYSE:DNR-Free Report) presented estimated reserves and preliminary production numbers for 2013 on Feb 11. However, a down trend in price realizations cast a dark shadow on investors' sentiment. As a result, the share price opened at $16.41 or up 0.7% on Feb 12 from the previous day's closing to finally settle at $16.35.

Denbury's average realized oil price was $93.00 per Bbl in the fourth quarter of 2013, compared to $105.91 per Bbl in the third quarter. This was partially offset by average realized natural gas price of $3.50 per Mcf in the fourth quarter, compared to $3.38 per Mcf in the third quarter.

Denbury Resources' total estimated proved oil and natural gas reserves at Dec 31, 2013 were 468 million barrels of oil equivalent (MMBOE), consisting of 387 million barrels of crude oil, condensate and natural gas liquids, and 81 MMBOE (or 490 billion cubic feet) of natural gas.

Denbury's aggregate proved reserves additions during 2013 were 85 MMBOE, representing a 330% reserves replacement-to-production ratio. The proved reserve additions consisted primarily of 34 MMBOE of reserves from tertiary development of Bell Creek Field and 42 MMBOE of reserves acquired in the Cedar Creek Anticline of Montana and North Dakota during 2013. These additions were offset by 26 MMBOE of production during the year.

Denbury expects 2013 capital expenditures to be $981 million for capital projects and $163 million for other capital costs. The company as of Feb 7 has acquired a total of approximately 58 million common shares under the program, or about 14% of its shares outstanding, at an average cost of $15.67 per share.

Denbury is the leading carbon dioxide Enhanced Oil Recovery company in the U.S. with a unique profile. Recently, the company closed the second and final phase of its previously announced divestiture program to ExxonMobil Corporation (NYSE:XOM-Free Report) and its wholly owned subsidiary, XTO Energy. The company plans to use most of the proceeds raised from its asset sale to work out a purchase deal with ConocoPhillips (NYSE:COP-Free Report).

Last month, Denbury inked an agreement with a wholly owned subsidiary of ConocoPhillips to purchase the producing property interests in Cedar Creek Anticline (CCA) for $1.05 billion in cash. The CAA acreage matches Denbury's existing portfolio. Also, recovery from these fields requires supply of carbon dioxide – a process in which Denbury excels in the Gulf of Mexico.

Plano, Texas-based Denbury Resources is a growing exploration and production company engaged in the acquisition, development, operation and exploration of oil and natural gas properties in the Gulf Coast and Rocky Mountain region of the U.S. It is the largest oil producer in Mississippi, with further properties in Louisiana, Alabama and Southeast Texas.

Denbury carries a Zacks #3 Rank (short-term Hold rating). However, there are better-ranked Zacks Rank #1 (Strong Buy) stocks in the oil and gas sector like Clayton Williams Energy, Inc. (NYSE:CWEI-Free Report) which are expected to outperform the market.

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock 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.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros.  In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.

Get the full Report on ERJ - FREE

Get the full Report on DNR - FREE

Get the full Report on XOM - FREE

Get the full Report on COP - FREE

Get the full Report on CWEI - FREE

Follow us on Twitter: http://twitter.com/zacksresearch

Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
http://www.zacks.com

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 http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

SOURCE Zacks Investment Research, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In his keynote at 19th Cloud Expo, Sheng Liang, co-founder and CEO of Rancher Labs, discussed the technological advances and new business opportunities created by the rapid adoption of containers. With the success of Amazon Web Services (AWS) and various open source technologies used to build private clouds, cloud computing has become an essential component of IT strategy. However, users continue to face challenges in implementing clouds, as older technologies evolve and newer ones like Docker c...
Buzzword alert: Microservices and IoT at a DevOps conference? What could possibly go wrong? In this Power Panel at DevOps Summit, moderated by Jason Bloomberg, the leading expert on architecting agility for the enterprise and president of Intellyx, panelists peeled away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud enviro...
TechTarget storage websites are the best online information resource for news, tips and expert advice for the storage, backup and disaster recovery markets. By creating abundant, high-quality editorial content across more than 140 highly targeted technology-specific websites, TechTarget attracts and nurtures communities of technology buyers researching their companies' information technology needs. By understanding these buyers' content consumption behaviors, TechTarget creates the purchase inte...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settle...
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business. Though, IoT is far more complex than most firms expected with a majority of IoT projects having failed. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, Chief IoTologist at Wipro, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology portfolios and business models to adopt and leverage IoT. He will delve in...
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain.
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
@DevOpsSummit has been named the ‘Top DevOps Influencer' by iTrend. iTrend processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @DevOpsSummit ranked as the number one ‘DevOps Influencer' followed by @CloudExpo at third, and @MicroservicesE at 24th.
Security, data privacy, reliability and regulatory compliance are critical factors when evaluating whether to move business applications from in-house client hosted environments to a cloud platform. In her session at 18th Cloud Expo, Vandana Viswanathan, Associate Director at Cognizant, In this session, will provide an orientation to the five stages required to implement a cloud hosted solution validation strategy.
Tricky charts and visually deceptive graphs often make a case for the impact IT performance has on business. The debate isn't around the obvious; of course, IT performance metrics like website load time influence business metrics such as conversions and revenue. Rather, this presentation will explore various data analysis concepts to understand how, and how not to, assert such correlations. In his session at 20th Cloud Expo, Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Sys...
Information technology (IT) advances are transforming the way we innovate in business, thereby disrupting the old guard and their predictable status-quo. It’s creating global market turbulence. Industries are converging, and new opportunities and threats are emerging, like never before. So, how are savvy chief information officers (CIOs) leading this transition? Back in 2015, the IBM Institute for Business Value conducted a market study that included the findings from over 1,800 CIO interviews ...
Who are you? How do you introduce yourself? Do you use a name, or do you greet a friend by the last four digits of his social security number? Assuming you don’t, why are we content to associate our identity with 10 random digits assigned by our phone company? Identity is an issue that affects everyone, but as individuals we don’t spend a lot of time thinking about it. In his session at @ThingsExpo, Ben Klang, Founder & President of Mojo Lingo, discussed the impact of technology on identity. Sho...
@DevOpsSummit has been named the ‘Top DevOps Influencer' by iTrend. iTrend processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @DevOpsSummit ranked as the number one ‘DevOps Influencer' followed by @CloudExpo at third, and @MicroservicesE at 24th.