For Immediate Release

Chicago, IL – November 9, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: EOG Resources Inc. (EOG), Grupo Televisa S.A. (TV), OGE Energy Corp. (OGE), Edison International (EIX) and Dynegy Inc. (DYN).

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Here are highlights from Friday’s Analyst Blog:

EOG Resources Remains Neutral

EOG Resources Inc. (EOG) reported third-quarter earnings of 81 cents per share, compared with the Zacks Consensus Estimate of 65 cents and a year-ago profit of $2.34. Before adjusting one-time items, earnings were 2 cents per share. Despite an increase in production volumes, earnings were down from the year-earlier level due primarily to significantly lower commodity price realizations.

Total volumes during the quarter increased approximately 4% year-over-year to 195.9 billion cubic feet equivalent (Bcfe), or 2,129 million cubic feet equivalent per day (MMcfe/d), 76% of which was natural gas and 24% liquids. Natural gas volumes decreased 3% year-over-year, led by an approximately 6% decrease in the U.S. volumes to 1,128 MMcf/d, and more than 2% decrease in Canadian volumes to 219 MMcf/d.

Grupo Televisa Reports Mixed Results

Grupo Televisa S.A. (TV), the largest media company in Mexico, reported mixed financial results for the third quarter 2009. Quarterly consolidated net revenue of $970 million was an improvement of 5.5% over the prior-year quarter. However, this was below the Zacks Consensus Estimate of $983 million.

The year-over-year increase in the top-line was mainly attributable to healthy revenue growth in Sky, Cable & Telecom, Programming Exports, Pay television Networks, and Other Business segments, partially offset by a fall in revenue in Publishing and Television Broadcasting segments.

OGE Energy Tops Expectations

OGE Energy Corp. (OGE) reported third quarter earnings per share (EPS) of $1.40, topping the Zacks Consensus EPS estimate of $1.34. However, EPS in the reported quarter came a dime short, compared to the year-ago EPS of $1.50.

Earnings were boosted in the reported quarter by strong results at Oklahoma Gas and Electric Company (OG&E), offset by cooler weather in the OG&E service territory, lower commodity prices in the Enogex midstream pipeline business and an increase in the number of shares outstanding.

Edison Pushes Past Estimate

Edison International’s (EIX) adjusted EPS of $1.09 in the third quarter of fiscal 2009 pushed past the Zacks Consensus Estimate of $1.05 by 4 cents. However, adjusted EPS for the quarter fell short of the year-ago $1.46 EPS.

On a GAAP basis, the company reported quarterly EPS of $1.23, compared to $1.33 in the year-ago quarter. The discrepancy between GAAP and adjusted EPS were due to non-cash accounting benefit from the final regulatory approval to transfer its Mountainview power plant to utility rate base.

Dynegy Sunk on Charges

Dynegy Inc. (DYN) has reported a net loss of $212 million, or 25 cents per share in the third quarter 2009, compared to a net income of $605 million, or 72 cents per share in the year-ago quarter. The net loss in the reported quarter was primarily driven by asset impairment charges and mark-to-market losses. The company recorded mark-to-market losses of $128 million ($78 million after tax), compared to mark-to-market gains of $889 million ($542 million after tax) in the year-ago quarter.

In the reported quarter, however, adjusted earnings rose to $388 million, compared to $269 million in the year-ago quarter. The growth was primarily driven by the sale and assignment of a multi-year power sales contract, higher capacity and tolling revenues and higher realized energy prices in the Midwest.

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(EOG) EOG Resources Maintains Analyst’s Rating at Neutral

Total volumes during the quarter increased approximately 4% year-over-year to 195.9 billion cubic feet equivalent (Bcfe), or 2,129 million cubic feet equivalent per day (MMcfe/d), 76% of which was natural gas and 24% liquids. Natural gas volumes decreased 3% year-over-year, led by an approximately 6% decrease in the U.S. volumes to 1,128 MMcf/d, and more than 2% decrease in Canadian volumes to 219 MMcf/d.

Crude oil and condensate production during the quarter was 59.5 thousand barrels per day (MBbl/d), up nearly 23% from the year-ago level. This was primarily driven by a 24% growth in domestic volumes, reflecting increased production in North Dakota. Natural gas liquids (NGL) volumes increased almost 69% from the year-ago quarter to 24.1 MBbl/d.

Average realized natural gas prices decreased roughly 63% year-over-year to $3.01 per Mcf. Prices decreased across all the geographical segments, with domestic realizations down nearly 64% year-over-year to $3.27 per Mcf. Average realized prices for crude oil and condensates decreased approximately 45% year-over-year to $60.65 per barrel.

Prices decreased across all the geographical segments, with domestic realizations down nearly 45% year-over-year to $60.79 per barrel. Quarterly NGL prices were $31.14 per barrel, down approximately 55% year-over-year.

At the end of the quarter, EOG had cash and cash equivalents of $608.5 million and long-term debt of $2.8 billion, representing a net debt-to-capitalization ratio of approximately 22.7%. During the quarter, EOG generated approximately $819.3 million ($3.24 per share) in discretionary cash flow (DCF), compared to a DCF of $1.17 billion ($4.66 per share) in the year-ago quarter.

The company has set a full-year target of $3.1 billion (excluding acquisitions) for exploration and development activities. Additionally, the company has allocated $300 million for natural gas gathering, processing and other expenditures.

With the performance of its North American plays, EOG has increased its 2009 total production growth target from 5.5% to 6%. Total liquids growth target was also increased from 25% to 27%. For 2010, the company has set a total organic production growth target of 13% that includes total liquids production growth of 50%.

EOG has an industry leading organic production-growth profile, strong inventory of drilling opportunities, attractive cost and return metrics and impressive long-term growth prospects. We see EOG as a core holding in the large-cap E&P space. However, its natural gas weighted assets currently is a concern. We recommend a Neutral rating for the stock.