|Bid||0.00 x 3100|
|Ask||0.00 x 1100|
|Day's Range||21.40 - 21.88|
|52 Week Range||19.44 - 50.03|
|Beta (3Y Monthly)||2.01|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 29, 2019 - Nov 4, 2019|
|Forward Dividend & Yield||1.00 (4.60%)|
|1y Target Est||30.77|
Nimble shale drillers like Apache are cutting back on drilling activity due to low crude oil prices -- but they are completing previously drilled wells at a record pace.
If you invested in energy stocks during the 2010s, only to see oil prices go from $50 to $100 - and back again…then you know how erratic the sector can be.The bad news is that it's not just energy stocks: Volatility is here to stay for the market in general. I mention this because I've talked a lot about income investing lately. And energy is certainly a place to find high yields. In fact, many energy investments HAVE to pay high yields due to their tax structure, such as the master limited partnerships (MLPs).But as attractive as a high dividend yield sounds, chasing dividend yields alone can be downright dangerous.InvestorPlace - Stock Market News, Stock Advice & Trading TipsStocks are not like Treasury bonds or a savings account: There's no guarantee that you will get your money back. There's also no guarantee that company will continue paying a dividend. If you choose poorly, you could lose your capital as the stock price falls. Or, that nice juicy dividend could be slashed.In most cases, dividend yields are tantalizingly high for a reason (the stocks are cheap and rightly so) - and are simply not supported by the fundamental earnings power of the business. * 10 Cheap Dividend Stocks to Load Up On Given that a dividend yield is a function of the company's annual dividend and its stock's current price, it very often tells you more about the latter than the former.Even a mediocre dividend can suddenly produce a high yield if the stock price falls off a cliff. It's one of the pitfalls we avoid in Growth Investor when seeking yield - and a good reminder to always do your homework before investing.So, when hunting for the next best dividend stocks, not only do you want ones with stable, growing dividends, but you need companies that consistently deliver sales…and positive earnings.Unfortunately, that's not the case with a lot of energy stocks right now. Many of these companies are not well-diversified, and thus extremely vulnerable to the geopolitical and supply/demand disruptions that plague the sector.And to show you what I mean, I'm sharing a list of energy stocks that are rated D or F in both my Portfolio Grader and Dividend Grader. So, neither the fundamentals nor dividend trends are stacking up in their favor, making them automatic sells.Below are 7 energy stocks you won't want to go anywhere near.Company Symbol Industry Yield Dividend Grader Score Portfolio Grader Score Apache Corp. NYSE:APA Oil & Gas Production 4.56% F F Enable Midstream Partners NYSE:ENBL Oil Refining/ Marketing 10.54% D D Murphy Oil NYSE:MUR Oil & Gas Production 5.45% F D Noble Energy NYSE:NBL Oil & Gas Production 2.27% D D PBF Energy NYSE:PBF Oil Refining/ Marketing 5.51% F F Permian Basin Royalty Trust NYSE:PBT Oil & Gas Production 9.17% D D Targa Resources NYSE:TRGP Oil Refining/ Marketing 10.24% F D OK, well that's the bad news. So where SHOULD we invest?Well, I'm a numbers guy, and I've developed a tried-and-true method for assessing any stock available. And today, I see clear opportunities as well as threats.The good news is that the "smart money" on Wall Street knows this - and is showing a clear preference for "Bulletproof" stocks. They've already tipped their cards by pouring their capital into these particular stocks. And the buying pressure that results from this is exactly what my Portfolio Grader system is designed to spot!Having spent time on Wall Street, these big institutional investors quickly learn that you need dividends to grow a portfolio over time. The income really helps smooth over the rough patches.Dividend growth stocks are especially important today - when the global bond market is just going haywire:We've got falling and even negative yields overseas. But as investors retreat to U.S. Treasuries, it's causing bizarre effects here, too. Just look at what happened on Wednesday, when the two-year Treasury actually began to yield MORE than the 10-year Treasury!And even the 30-year Treasury can't be relied upon for good yield anymore. On Thursday, its yield dropped below 2% for the first time ever.So - whether you're managing big institutional cash, or your own portfolio - you're going to need what I call the Money Magnets.These companies are in the opposite position of the energy stocks we looked at before: Not only did these stocks earn an A in my Portfolio Grader, thanks to strong buying pressure and great fundamentals…The stocks also earn an A in my Dividend Grader. These stocks are able to pay great yields - and have the strong business model to back it up!All in all, I've got 27 strong dividend growth stocks for you, almost all of which yield more than the S&P 500. These stocks are poised to do well as we continue to see international capital flow to the U.S. markets. Click here to see how I found these stocks, and how you can get great performance out of YOUR portfolio - come what may.Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system -- with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the "Master Key" to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post 7 Energy Stocks to Sell Now, and Where to Buy appeared first on InvestorPlace.
While significant output growth is expected to buoy Ring Energy's (REI) second-quarter 2019 earnings, weaker y/y commodity prices may dent overall results.
President Trump’s new tariff impacted crude oil prices. On Thursday, the WTI near-month crude oil futures price fell approximately 8%.
While production growth is likely to buoy second-quarter results of Diamondback (FANG), weaker y/y commodity prices may play spoilsports.
(Bloomberg) -- One of the largest oil drillers in America’s most prolific shale field is being forced to slow down, casting a dark cloud over an industry already struggling to win back investors.Concho Resources Inc., which Evercore ISI calls the bellwether of shale, plunged on Thursday after scaling back production targets for the rest of this year. The 23 wells that make up Concho’s “Dominator” project in the Permian Basin were spaced too closely, and production will have to slow to avoid overshooting budgets.The announcement came as rival explorers Apache Corp. and Whiting Petroleum Corp. also lowered growth expectations. Whiting slashed one third of its workforce and posted a surprise loss.It’s the latest sign that companies in the vanguard of the U.S. shale boom face fundamental issues with their business model. With shale-well output falling off by as much as 70% in the first year, drillers need to pedal faster and faster just to maintain output. Concho’s owes bode ill for the rest of the sector, Evercore analyst Stephen Richardson said in a note to clients Thursday.“There is little doubt this is a big event for the sector and a brake of this nature will create lasting impact,” Richardson wrote.Concho sank 22% to close at $75.97 for its biggest one-day drop since 2008, wiping out almost $4.4 billion of market value. Whiting fell 39%.“How companies still, after all these years we have wailed and gnashed our teeth, manage to over-promise and under-deliver, remains an infuriating mystery,” Mizuho Securities USA LLC analyst Paul Sankey said in a note to clients. “Do we really need to repeat, that a company, much least in the most hated sector of the market, with a premium valuation, must never, ever, over-promise and under-deliver?”Disappointing updates from shale producers, along with a crude collapse spurred by a mid-day Tweet from U.S. President Donald Trump threatening China with more tariffs, dragged down the stocks of other Permian explorers on Thursday. Oil futures plunged 7.9% in New York, the most in more than four years.Diamondback Energy Inc. and EOG Resources Inc. fell more than 5%. But EOG later reported second-quarter production that exceeded its expectations, while generating $2.1 billion in free cash flow. Exxon Mobil Corp. and Chevron Corp. are scheduled to report earnings before markets open on Friday. Concho didn’t alter its target for almost $1 billion in free cash flow next year but analysts’ skepticism over whether that was still achievable was palpable. Morgan Stanley’s Devin McDermott called the target “optimistic,” and several questions on Thursday’s conference call sought clarity on cash flow forecasts.Parent-Child IssuesConcho’s problem with well spacing highlights the challenges of fracking so-called child wells: Too close to the “parent,” and output is less prolific; too far apart, and companies risk leaving oil in the ground.Spacing issues aren’t always obvious from the get-go. Concho said results in the initial 30 to 60 days of the Dominator wells were fine. It was after that that executives realized they had a problem.Then there’s natural gas. Futures are trading at the lowest seasonal levels in two decades, and prices in the Permian Basin have gone negative thanks to a lack of pipeline capacity. For Apache, which is pouring investment into its gas-rich Alpine High discovery, that means deferring production.Concho lowered its full-year gas price realization to between 60% and 80% of the U.S. benchmark, with prices in the current quarter expected to be toward the low end of that range.\--With assistance from Michael Bellusci.To contact the reporter on this story: Rachel Adams-Heard in Houston at email@example.comTo contact the editors responsible for this story: Simon Casey at firstname.lastname@example.org, Joe Carroll, Carlos CaminadaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Apache (APA) reiterated its guidance for 2019 capital spending at $2.4 billion and also maintained the third and fourth-quarter volume guidance for international operations.
HOUSTON, July 31, 2019 -- Altus Midstream Company (NASDAQ: ALTM) today announced second-quarter 2019 financial and operational results on its website at.
Apache Corporation (NYSE, Nasdaq: APA) today announced second-quarter 2019 financial and operational results on its website at www.apachecorp.com or investor.apachecorp.com as well as on Twitter (@ApacheCorp). Apache Corporation is an oil and gas exploration and production company with operations in the United States, Egypt and the United Kingdom.
A San Antonio-based midstream company names a new president as it prepares to open two Permian Basin pipelines to the Corpus Christi market before the end of the year.
CNX Resources' (CNX) Q2 earnings are in line with the Zacks Consensus Estimate. The company continues to produce greater volumes from the Marcellus shale region.
Apache (APA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.