|Bid||0.00 x 4000|
|Ask||0.00 x 3000|
|Day's Range||45.60 - 46.61|
|52 Week Range||33.60 - 49.59|
|PE Ratio (TTM)||20.53|
|Earnings Date||Oct 31, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||1.00 (2.20%)|
|1y Target Est||49.20|
Marathon Oil’s (MRO) 30-day implied volatility was 33.5% as of September 18—slightly below the 15-day average of 34.6%. Apache (APA) and Continental Resources (CLR) have implied volatilities of 30.7% and 31.6%, respectively. In comparison, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) has an implied volatility of 25.6%.
Recently, Marathon Oil (MRO) went above its short-term (50-day) moving average, which indicates bullish sentiment in the company. Marathon Oil was trading 4.5% above its 50-day simple moving average and 15.3% above its 200-day simple moving average as of September 18. In comparison, Apache (APA) and Murphy Oil (MUR) were trading 11.0% and 4.2% above their 200-day simple moving averages, while Concho Resources (CXO) was trading 1.0% below its 200-day simple moving average.
Marathon Oil (MRO) has seen a strong rally in the past month. The company has risen ~15% from its lows of $19 in August. The recent rally in Marathon Oil could be due to the gains in crude oil prices and a slight improvement in the price differentials. Global supply concerns including Iran sanctions and a decline in US inventories continue to drive the positive momentum in crude oil prices. US crude oil went past $71 per barrel on September 19. Overall, WTI has risen ~10.0% from its August lows.
After enduring a mostly choppy trend in the past few months, investors may consider adding Apache Corporation (NYSE:APA) stock to their portfolio for the rest of the year. Specifically, there are three bullish plays in APA stock that I want to share with you, as each play could lead to impressive profits. On Sept. 13, Apache Corporation, one of the largest U.S. exploration and production (E&P) companies out of Irving, TX, declared its regular cash dividend at a yield of 2%.
This week, specific events could affect oil and natural gas prices. The EIA’s (U.S. Energy Information Administration) Drilling Productivity Report, set to be released early this week, could be an important roadmap for oil and natural gas prices. Oil prices may also be sensitive to the OPEC and non-OPEC meeting scheduled for this weekend. The EIA’s latest oil and natural gas inventory data, scheduled to be released on September 19 and 20, respectively, could be an important short-term driver for oil and natural gas prices.
Between September 7 and 14, the United States Oil ETF (USO) rose 1.5%, the United States 12-Month Oil ETF (USL) rose 2.3%, and the ProShares Ultra Bloomberg Crude Oil ETF (UCO) rose 3%. These ETFs track US crude oil futures.
Between September 7 and 14, US crude oil October futures rose 1.8% and closed at $68.99 per barrel. In September, US crude oil active futures have fallen 1.2%, after rising 1.5% in August. The US dollar’s fall may have boosted oil prices, and oil inventories‘ large fall may have been behind WTI’s outperformance of Brent oil.
The oil and gas industry player is not only reporting fantastic results but projecting massive production growth. So why is the stock market yawning?
HOUSTON, Sept. 13, 2018-- The board of directors of Apache Corporation has declared the regular cash dividend on the company's common shares. The dividend on common shares is payable November 21, 2018, ...
Between September 5 and September 12, our list of oil-weighted stocks rose just 0.1% compared to the 2.4% rise in US crude oil October futures.
With crude prices picking up steam, this is the perfect time to indulge in some energy stocks to make sure your portfolio is perfectly oiled up!
Short interest is moderately high for APA with between 10 and 15% of shares outstanding currently on loan. This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on September 11. Over the last month, ETFs holding APA are favorable, with net inflows of $7.48 billion.
The price of oil has gotten a renewed bid of late, and while I don’t expect this to be a straight shot to the moon from here, the bid looks to remain firm enough for higher prices in coming weeks/months. APA stock has popped more than 8% over the past four trading days and, all else being equal, looks to have plenty more upside left.
The EIA’s (U.S. Energy Information Administration) Short-Term Energy Outlook Report, which is set to be released early this week, could be an important road map for oil and natural gas prices. Moreover, oil prices will be sensitive to OPEC’s Monthly Oil Market Report and the IEA’s (International Energy Agency) Oil Market Report, which are set to be released on September 12 and September 13, respectively.
Kinder Morgan (KMI) stock rose 0.7% last week. Although it was a small gain, it outperformed the midstream MLP sector represented by the Alerian MLP Index. Kinder Morgan stock is currently trading close to its 50-day moving average and ~4% above its 200-day moving average.
ONEOK (OKE) expects to spend $2.090 billion–$2.480 billion on capital projects in 2018, more than four times the $512 million the company spent on capital projects in 2017.
On September 5, US crude oil October futures fell 1.6% and closed at $68.72 per barrel. In the last trading session, the S&P 500 Index fell 0.3%, and the Dow Jones Industrial Average Index rose 0.1%.
In June 2018, Apache Corporation (NYSE:APA) released its earnings update. Generally, it seems that analyst forecasts are fairly pessimistic, with profits predicted to drop by -16.5% next year. Though comparedRead More...
Drillers across West Texas and New Mexico have been flaring excess natural gas output at high rates due to a lack of takeaway capacity
The EIA’s latest crude oil and natural gas inventory data are scheduled to be released on September 6. The data could be an important short-term driver for oil and natural gas prices. Energy stocks and ETFs
The largest Insider Buys this week were for Dominion Energy Inc., Apache Corp., Coty Inc. and Take-Two Interactive Software Inc.