Post Earnings: 5 Energy Stocks Buzz Among Traders

Marathon Oil Corporation (NYSE:MRO) reported its results for the first quarter. Net income for Marathon Oil Corporation fell to $417 million (59 cents per share) vs. $996 million ($1.39 per share) a year earlier. This is a decline of 58.1% from the year-earlier quarter. Revenue rose 6.1% to $4.04 billion from the year-earlier quarter. Marathon Oil Corporation reported adjusted net income of 67 cents per share. By that measure, the company fell short of mean estimate of 87 cents per share. It beat the average revenue estimate of $3.36 billion.

Continental Resources Inc. (NYSE:CLR) reported its results for the first quarter. Reported a profit of $69.1 million (38 cents per diluted share) in the quarter. The company had a net loss of $137.2 million or a loss of 80 cents per share in the year-earlier quarter. Continental Resources Inc. reported adjusted net income of 76 cents per share. By that measure, the company fell short of mean estimate of 84 cents per share.

Devon Energy Corporation (NYSE:DVN) reported its results for the first quarter. Net income fell to $393 million (97 cents per share) vs. $416 million (97 cents per share) a year earlier. This is a decline of 5.5% from the year-earlier quarter. Revenue rose 16.3% to $2.5 billion from the year-earlier quarter. Devon Energy Corporation reported adjusted net income of $1.05 per share. By that measure, the company fell short of mean estimate of $1.44 per share. It fell short of the average revenue estimate of $2.58 billion.

Rowan Companies Inc. (NYSE:RDC) reported net income above Wall Street’s expectations for the first quarter. Net income for Rowan Companies Inc. rose to $49.5 million (40 cents per share) vs. $32.1 million (25 cents per share) in the same quarter a year earlier. This marks a rise of 54.3% from the year-earlier quarter. Revenue rose 61.9% to $333.5 million from the year-earlier quarter. Rowan Companies Inc. beat the mean analyst estimate of 34 cents per share. It beat the average revenue estimate of $315.1 million.

Enterprises Products Partners L.P (NYSE:EPD) reported net income above Wall Street’s expectations for the first quarter.  Net income for Enterprises Products Partners L.P rose to $651.3 million (73 cents per share) vs. $420.7 million (49 cents per share) in the same quarter a year earlier. This marks a rise of 54.8% from the year-earlier quarter. Revenue rose 10.5% to $11.25 billion from the year-earlier quarter. Enterprises Products Partners L.P beat the mean analyst estimate of 59 cents per share. Analysts were expecting revenue of $11.03 billion.