Qep Res Inc Com (NYSE:QEP) will unveil its latest earnings on Wednesday, February 22, 2012. The average analyst estimate is for net income of 44 cents per share, a rise of 76% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 41 cents. Between one and three months ago, the average estimate moved up. It has risen from 43 cents during the last month. Analysts are projecting profit to rise by 31.7% versus last year to $1.62.

Last quarter, the company beat estimates by 8 cents, coming in at profit of 47 cents per share against an estimate of net income of. The company also topped expectations in the second quarter. Analysts are projecting a rise of 32.7% in revenue from the year-earlier quarter to $759.3 million.

Competitors to Watch: Questar Corporation (NYSE:STR), GeoResources, Inc. (NASDAQ:GEOI), Warren Resources, Inc. (NASDAQ:WRES), Continental Resources, Inc. (NYSE:CLR), Chevron Corporation (NYSE:CVX), Oasis Petroleum Inc. (NYSE:OAS), Gastar Exploration Ltd. (AMEX:GST), Encore Energy Partners LP (NYSE:ENP), Devon Energy Corporation (NYSE:DVN), and Double Eagle Petroleum Co. (NASDAQ:DBLE).

Williams Companies, Inc. (NYSE:WMB) will unveil its latest earnings on Wednesday, February 22, 2012. The average analyst estimate is for profit of 42 cents per share, no change from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 40 cents. Between one and three months ago, the average estimate moved up. It has dropped from 43 cents during the last month. For the year, analysts are projecting net income of $1.54 per share, a rise of 20.3% from last year.

The company missed estimates last quarter after beating forecasts in the prior two. In the third quarter, the company reported profit of 40 cents per share versus a mean estimate of net income of 41 cents per share. In the second quarter, the company beat estimates by one cent. Analysts are projecting a rise of 14.5% in revenue from the year-earlier quarter to $2.77 billion.

Competitors to Watch: Williams Partners L.P. (NYSE:WPZ), EQT Corporation (NYSE:EQT), Marathon Oil Corporation (NYSE:MRO), Cheniere Energy, Inc. (AMEX:LNG), Chevron Corporation (NYSE:CVX), Southwestern Energy Co. (NYSE:SWN), Kinder Morgan Energy Partners LP (NYSE:KMP), Occidental Petroleum Corp. (NYSE:OXY), Southern Union Company (NYSE:SUG), and Questar Corporation (NYSE:STR).

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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