Energy Stocks In Focus (RIG, EP, BHI)

Transocean LTD (NYSE:RIG) added 2.01% to $67.49. The company said this month that third-quarter net income fell to $368 million or $1.15 a share, from $710 million, or $2.19 a share, from the year-ago period. Results for the latest quarter were hit by charges of 46 cents a share.

Revenue declined to $2.31 billion from $2.82 billion a year ago. Analysts surveyed by FactSet Research estimated earnings of $1.39 a share on revenue of $2.45 billion.

The stock went down more than 18% year-to-date.

El Paso Corporation (NYSE:EP) went up 1.18% to $13.72. This month, the company said that its third-quarter net income jumped to $133 million or 19 cents a share, from $58 million, or 8 cents a share, in the year-ago period. El Paso’s adjusted earnings fell to 22 cents a share, from 23 cents a share.

Wall Street analysts expected the energy and pipeline firm to earn 21 cents a share, according to a survey by FactSet Research.

Over the past 52-week, the stock traded within the range of $8.94-$13.96. The stock went up more than 39% year-to-date.

Baker Hughes Incorporated (NYSE:BHI) jumped 1.01% to $47.87. This month, the company reported third-quarter earnings tripled on 83% higher revenue. Net income reached $255 million, or 59 cents a share, from $55 million, or 18 cents, in the year-earlier period. Shares outstanding rose 39% to 433 million. Revenue rose to $4.08 billion from $2.23 billion.

A survey of analysts by FactSet Research produced consensus estimates of profit of 47 cents a share on revenue of $3.68 billion.