Bearish Movements at NYSE Energy Sector

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Petrohawk Energy Corporation (NYSE:HK)

About Petrohawk Energy Corporation Petrohawk Energy Corporation is an independent oil and natural gas company engaged in the exploration, development and production of predominately natural gas properties located onshore in the United States. Its business consists of an oil and natural gas segment, and a midstream segment. Its oil and natural gas properties are concentrated in four domestic shale plays. It operates in two principal regions: the Mid-Continent, which includes its Louisiana, Arkansas and East Texas properties, and the Western, which includes its South Texas and Oklahoma properties. Its midstream segment consists of its gathering subsidiary, Hawk Field Services, LLC, which is responsible for gathering and treating natural gas for the Company and third parties. In May 2010, the Company completed a 50/50 joint venture with Kinder Morgan Energy Partners, L.P. (Kinder Morgan) involving the Company's midstream businessin the Haynesville Shale, and the sale of Terryville Field.


Statistics Symbol

HK

EPS:

1.01

Current Price

$18.12

Market Capitalization:

5.47B

52 week range

$13.89-$27.36

Beta

0.70

Avg Volume

5.43M

P/E

17.95

Financials The Petrohawk Energy Corporation (NYSE:HK) produced quarter ending net income $409.18 million which is considerably higher than last quarter ending revenue of $353.50 million. Moreover, Diluted EPSmaintained the bullish trend and it closed at 725%higher than last quarter diluted EPS. However, the company’s long term debts are increasing which could result in lower future income as there would higher interest rate expenses. Total assets accumulate up to $ 7.701 billion as on September 30th, 2010 which is 3.15%higher than last quarter ending. The company’s total equity is getting higher which depicts that company is going to have less funding liquidity problems and more funds available to invest in future profitable opportunities.


EOG Resources, Inc. (NYSE:EOG)

About EOG Resources, Inc. EOG Resources, Inc. (EOG), together with its subsidiaries, explores, develops, produces and markets natural gas and crude oil primarily in producing basins in the United States, Canada, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, and The People's Republic of China. As of December 31, 2009, EOG's total net reserves were 10,776 billion cubic feet equivalent (Bcfe), of which 8,898 billion cubic feet (Bcf) were natural gas reserves and 220 million barrels (MMBbl), were crude oil and condensate reserves, and 93 MMBbl, were natural gas liquids reserves.


Statistics Symbol

EOG

EPS:

2

Current Price

$91.14

Market Capitalization:

23.15B

52 week range

85.42 - 114.95

Beta

0.91

Avg Volume

1.85M

P/E

45.63

Financials The EOGResources, Inc. (NYSE:EOG)generated current quarterly total revenue $1.58 billion that are fairly higher than last quarter closing which was $1.35 billion. However, Net income is negative $70.91 million lower than last quarter ending. The company’s cash flow from operations (CFO)has increased up to $2.08 billion which is significantly greater than last quarter ending CFO$1.30 billion. That is strong sign and it would be obliging to repay debts. Total assets of company mount up to $19.944 billion as of 30th September, 2010 that is 2.46%less than last quarter ending. Total current asset and current liabilities are $1.534 million and $1.938 million respectively.


Denbury Resources Inc. (NYSE:DNR)

About Denbury Resources Inc.

Denbury Resources Inc. (Denbury) is engaged in the acquisition, development, operation and exploration of oil and natural gas properties in the Gulf Coast region of the United States, primarily in Mississippi, Louisiana, Texas and Alabama. On February 5, 2010, the Company sold Genesis Energy, LLC. In March 2010, the Company acquired Encore Acquisition Company.


Statistics Symbol

DNR

EPS:

0.75

Current Price

$19.25

Market Capitalization:

7.69B

52 week range

$13.41-$ 20.00

Beta

1.21

Avg Volume

3.12M

P/E

25.73

Financials The Denbury Resources Inc. (NYSE:DNR) made current quarterly operating income $15.53 million which is considerably lower than last quarter ending operating income which was $231.69million. Total assets of company accumulate up to $9.84 billion in current quarter while it was $9.75 billion in the last quarter ending. The total liabilities stand at $5.49 billion whereas total equity stands at $4.35 billion as on September 30th, 2010. The company’s cash flow from operation has also grown up to $592.77 million contrasted to last quarter’s cash flow from operation which was placed at $384.29million.


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