HENDERSON, NV / ACCESSWIRE / March 15, 2019 / After a small run on bad news for the industry, Oil & Gas exploration stocks look to be in a great spot for investors to begin their research. Below are 5 top options in the industry.
Camber Energy (CEI) is one of the most interesting opportunities. The company has had a successful year so far, increasing shareholders' equity by over $35 million to a positive $7.6 million as of December 31, 2018, compared to negative 28.1 million as of June 30, 2018, increasing liquidity, extinguishing debt and fast tracking the company for regaining NYSE American compliance.
Today we are highlighting: Camber Energy, Inc. (CEI), W&T Offshore, Inc. (WTI), Seadrill Limited (SDRL), Patterson-UTI Energy, Inc. (PTEN), and Concho Resources, Inc. (CXO).
Camber Energy, Inc. (CEI) (Market Cap: $4.838M, Share Price: $0.3836) has worked very hard recently to improve their standing with the NYSE American and spent a lot of 2018 cleaning up the company and improving its efficiency. Their hard work is starting to receive recognition as CEI received a letter from the NYSE American about regaining compliance with several of their continued listing standards. Investors are starting to show support to management's progress and as more investors learn the story, the trend could continue. Oil & Gas investors seeking competent fiscal management and efficient operations should research CEI.
W&T Offshore, Inc. (WTI) (Market Cap: $853.709M, Share Price: $6.07) reported adjusted fourth-quarter 2018 earnings (excluding onetime items) of 22 cents per share, improving from 17 cents a year ago. Revenues increased to $143.4 million in the quarter from $129.1 million a year ago. Higher oil and natural gas price realizations primarily supported the strong fourth-quarter results.
Seadrill Limited (SDRL) (Market Cap: $891M, Share Price: $8.91) core earnings for the fourth quarter exceeded the company's own guidance, boosted by lower costs and one-off items, while the market outlook for drilling rigs was improving, the Oslo-listed firm said on Tuesday. The company reported $73 million in quarterly adjusted EBITDA, more than double the $35 million forecast it made in November. However, adjusted EBITDA is expected to ease to around $60 million in the first quarter, the company added.
Patterson-UTI Energy, Inc. (PTEN) (Market Cap: $3.002B, Share Price: $14.08) recently reported fourth-quarter adjusted net loss per share of 4 cents. The better-than-expected results can be attributed to increase in day rates and rig margins, which in turn supported its contract drilling segment. The company's performance also improved from the year-ago loss of 10 cents per share.
Concho Resources, Inc. (CXO) (Market Cap: $20.664B, Share Price: $103.72) filed its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Concho Resources Inc is an oil and natural gas company. It is engaged in the acquisition, development, exploitation and exploration of producing oil and natural gas properties. It operates in the Delaware Basin.
Priyanka Goel, CFA.
This article was written by Regal Consulting, LLC ("Regal Consulting"). Regal Consulting has agreed to a six-month term consulting agreement with CEI dated 11/15/18. The agreement calls for $28,000 in cash, and 200,000 restricted 144 shares of CEI per month. All payments were made directly by Camber Energy, Inc. to Regal Consulting, LLC. to provide investor relations services, of which this article is a part of. Regal Consulting also paid one thousand dollars cash to microcapspeculators.com to distribute this article. Regal Consulting may have a position in the securities mentioned in this article at the time of publication, and may increase or decrease its position without notice. This article is based on public information and the opinions of Regal Consulting. CEI was given an opportunity to edit this article. This article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any results predicted herein. Regal Consulting is not registered with any financial or securities regulatory authority, and does not provide or claim to provide investment advice.
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