Plains Exploration & Production Co (PXP) Earnings Report Preview For Thursday's Release
Plains Exploration & Production Co (NYSE:PXP) is on tap to release last fiscal quarter's results before the opening bell on February 23, 2012.
Who They Are:
Plains Exploration & Production Company, an independent oil and gas company, primarily engages in acquiring, developing, exploring, and producing oil and gas in California and Louisiana. The company was founded in 2002 and is headquartered in Houston, Texas. Plains Expl&Prd trades an average of 2.7 million shares per day and has a marketcap of $6.3 Billion.
52 Week High: $45.40
52 Week Low: $20.25
Book Value: $24.94
Float Short: 3.98%
What To Expect:
On average, 13 analysts are expecting a drop of $-0.02 in earnings per share compared to last quarter's results of $0.45. Investors will be looking to see a number north of $0.43 per share based on the earnings estimates.
Currently, $0.16 on the low end and $0.55 per share on the high side is what market participants are anticipating in the report.
Here is a look at the fiscal year revenue for Plains Exploration & Production Co. 
Recent Stock and Valuation Performance:
The P/E ratio has trended lower, as the current trailing twelve months P/E ratio is 28.5, while the forward P/E ratio is now 13.17. It appears based on the lower PE that investors are pricing in less growth.
In the last month, the stock has increased in price 18.23%, with a one year change of 12.84%.
The stock is performing extremely well when compared to the general stock market up to this point. When comparing to the S&P 500, the year up to date positive change is 10.70%.
Revenue year-over-year has increased to $1.54 billion for 2010 vs. $1.19 billion for 2009. The bottom line has falling earnings year-over-year of $103.27 million for 2010 vs. $136.31 million for 2009.The company's earnings before interest and taxes are rising with an EBIT year-over-year of $358.22 million for 2010 vs. $282.13 million for 2009.
Here is the last few quarters to get an idea how well they perform compared to estimates 
Reported earnings per share compared to the mean estimate. Differences are rounded.
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