|Bid||3.1100 x 1800|
|Ask||3.1700 x 4000|
|Day's Range||3.0300 - 3.2100|
|52 Week Range||1.7100 - 5.6000|
|Beta (3Y Monthly)||3.04|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 30, 2019 - May 6, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.12|
What Could Impact Oil on March 22?(Continued from Prior Part)US oil exports In the week ending March 15, US oil exports were at 3.39 MMbpd (million barrels per day)—the second-highest level. New pipeline infrastructure is helping US oil production
U.S. equities are holding near major technical support levels -- the 2,800 mark on the S&P 500 and 26,000 on the Dow Jones Industrial Average -- as traders digest the latest Federal Reserve policy decision. Chairman Jerome Powell delivered a dovish message, which the Street had expected given the fresh memory of Q4 market volatility, a lack of inflation pressure, and recent softness in the economic data (aside from job gains).Weighing on sentiment slightly was a disappointing earnings report and outlook from FedEx (NYSE:FDX), which called attention to weaker global trade growth trends.Still, stocks overall are showing a desire to move higher with value hunters eager swooping in on any names that have lagged the epic surge out of the late December lows. There are still bargains if you know where to look. Energy, for instance, is benefiting from fresh strength in crude oil.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks on the Rise Heading Into the Second Quarter Here are seven stocks trading under the $4-a-share threshold that are worth a look: Cheap Stocks to Buy: Weatherford (WFT)Weatherford (NYSE:WFT) shares continue to consolidate below the $1-a-share level but are riding on the back of a rising 50-day moving average. Watch for a breakout from its five-month trading range, setting up a run at the 200-day moving average that would be worth a gain of 132% from here.The move comes despite a downgrade from analysts at BMO Capital Markets in January. The company, based in Switzerland, is an oilfield service company that supports the drilling, evaluation, completion, and production of oil and gas wells. The company is trying to return to profitability, and trades at just a 0.14 price to sales ratio. Northern Oil and Gas (NOG)Shares of Northern Oil and Gas (NYSEAMERICAN:NOG), an independent energy producer, are looking ready for another breakout attempt from its five-month consolidation range, making another challenge on its 200-day moving average. Watch for a run to the November reaction high, which would be worth a gain of 23% from here.The company last reported results on March 12. Earnings of 25 cents per share beat estimates of 14 cents on revenues of $152.6 million vs. the $153.6 million that was expected. * 5 Cloud Stocks to Help Your Portfolio Fly Management noted an expectation for capital expenditures to be upwards of $285 million in 2019. Groupon (GRPN)Shares of Groupon (NASDAQ:GRPN) are continuing to rise alongside their 50-day moving average, continuing a three-month uptrend. The 200-day moving average has been a hurdle since the stock peaked last summer, so watch for another run to prior resistance near the $4-a-share level. Management has been focusing on higher-value customers and being more efficient with its marketing spend.The company will next report results on May 8 after the close. Analysts are looking for no earnings on revenues of $552.8 million. When the company last reported on Feb. 12, earnings of 10 cents per share missed estimates by three cents on an 8.4% decline in revenues. Chesapeake Energy (CHK)Shares of Chesapeake Energy (NYSE:CHK) are extending a three-month uptrend pattern as it closes in on its 200-day moving average. Watch for a run to the 200-day moving average, which would be worth an easy 10% gain from here. That should be helped by energy prices broadly pushing higher heading into the summer driving season -- benefiting U.S. shale operators like CHK. In January, Imperial Capital analysts noted management continues to focus on capital discipline and improving its balance sheet.The company will next report results on May 1 before the bell, according to Nasdaq.com. Analysts are looking for earnings of 12 cents per share on revenues of $2.3 billion. * Top 7 Service Sector Stocks That Will Pay You to Own Them When the company last reported on Feb. 27, earnings of 21 cents per share beat estimates by four cents on a 21.8% rise in revenues. The9 Ltd. (NCTY)The9 Ltd. (NASDAQ:NCTY) is a Chinese online game developer in China, creating online and massively multiplayer franchises. It was formerly known as GameNow.net and has been around since 1999. Properties include the CrossFire brand mobile shooting games and FireFall.This is an extremely speculative pick, but has been benefiting from the rising interest in Chinese equities on hopes of a trade deal between Washington and Beijing. The company has also pushed into the blockchain space, forming a technology group to explore opportunities in that area. Nabors Industries (NBR)Shares of Nabors Industries (NYSE:NBR) continue to enjoy a smooth, three-month uptrend after suffering a massive 90% decline from its early 2017 high. Watch for shares of the company to make a run at its 200-day moving average, which would be worth a gain of 35% from here. The company provides drilling and drilling-related services to land-based and offshore energy wells.The company will next report results on April 30 after the close. Analysts are looking for a loss of 25 cents per share on revenues of $776.3 million. * 7 Small-Cap Stocks That Make the Grade When the company last reported on Feb. 26, a loss of 55 cents per share missed estimates by 38 cents on a 10.4% rise in revenues. But this cheap stock could be ready to rebound. Clean Energy Fuels (CLNE)Shares of Clean Energy Fuels (NASDAQ:CLNE), operator of natural gas stations for alternative-fuel vehicle fleets such as heavy-duty trucks and buses, are surging higher nearly doubling off of the low seen in late December. This returns the stock to the middle of the trading range that has been in place over the past three years -- providing a solid base of support to any extension to the upside.On March 12, the company reported that quarterly revenues grew 7.7% from the year prior on a 14.2% rise in the amount of natural gas delivered. While electric vehicles get all the attention these days, natural gas vehicles are often a cheaper and easier solution especially for long-haul operators.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Specialty Retail ETFs to Buy the Industry's Disruption * 5 Stocks To Buy for the Happiest Employees * 3 Out-of-Favor Consumer Stocks to Buy Compare Brokers The post 7 Hot Stocks Under $4 appeared first on InvestorPlace.
Williams (WMB) creates a $3.8-billion partnership with Canada Pension Plan Investment Board in the western Marcellus and Utica basins.
Will the Rise in Natural Gas Continue?(Continued from Prior Part)Futures spread On March 19, the natural gas futures for April 2019 closed at a premium of ~$0.22 to the April 2020 futures. On March 12, the futures spread was at a premium of $0.13.
Encino Energy, which with the Canada Pension Plan Investment Board acquired Chesapeake Energy’s Utica holdings for $2 billion last year, has quickly leapt to become one of Ohio’s biggest natural gas producers with 278.1 million cubic feet of natural gas production in 2017. The privately held Encino has about 125 employees in Ohio and another 90 or so at its headquarters in Houston. While Encino is relatively new to the scene — it was founded in 2011 by Hardy Murchison — there’s a distinct flavor of a company deeply steeped in the Marcellus Shale and southwestern Pennsylvania: Murchison is a former executive at Range Resources Corp. Executive Chairman John Pinkerton is the former chairman, president and CEO of Range.
This Indicator Suggests All Is Not Well for OilYield spread On March 19, the US 10-Year Treasury Constant Maturity Minus 3-Month Treasury Constant Maturity yield spread fell to just ~14 basis points, the lowest level since August 9, 2007. In the
Will the Rise in Natural Gas Continue?(Continued from Prior Part)Required fall in inventories On March 21, the EIA (U.S. Energy Information Administration) is scheduled to release its natural gas inventory report for the week ending March 15. Any
Will the Rise in Natural Gas Continue?(Continued from Prior Part)Natural gas rig count The natural gas rig count was at 193 last week—unchanged from the previous week. The natural gas rig count has fallen ~88% from its record level of 1,606 in
Will the Rise in Natural Gas Continue?Natural gas pricesOn March 19, natural gas April futures rose 0.8% and settled at $2.87 per MMBtu (million British thermal units). On the same day, natural gas prices closed at the second-highest level since
With oil rebounding back toward $60 a barrel, the recent addition of the oil-rich WildHorse Resource Development could begin paying off.
Where Chesapeake Energy Could Be by the End of MarchChesapeake’s implied volatilityOn March 18, Chesapeake Energy’s (CHK) implied volatility was 51.9%, which is ~14.7% less than its 15-day average. On the same day, Range Resources (RRC) and
Shares of Chesapeake Energy Corp. jumped 4.5% toward a 4-month high in active morning trade Tuesday, after an upbeat call by Raymond James analyst James Freeman and a rally in crude oil futures toward a 4-month high. Freeman affirmed his outperform rating while boosting his stock price target to $4.50, which is 43% above Monday's closing price, from $4.00. "While we believe that [Chesapeake] will modestly outspend cash flow in 2019, we believe that the company has a good chance of being roughly cash flow neutrality in 2020, a very positive step as the firm looks to continue paring down debt," Freeman wrote in a note to clients. Separately, crude futures rose 0.3%, putting them on track for the highest close since Nov. 12. Chesapeake's stock has soared 57% year to date, while continuous crude futures have run up 31% and the S&P 500 has climbed 13%.
Why Oil's Rise Might Be UnstoppableUS crude oil On March 18, US crude oil prices rose 1% and settled at $59.38 per barrel—the highest closing level for active US crude oil futures since November 12. The oil prices likely rose due to the falling
Natural Gas: An Important Update for TradersNatural gas At 3:34 AM EST on March 19, natural gas prices were almost unchanged from the last closing level. On March 18, natural gas April futures rose 2% and closed at 2.85 per MMBtu (million British
Chesapeake Energy: Why Are Analysts Passive?Analysts’ recommendationsBased on Reuters data from 24 analysts tracking Chesapeake Energy (CHK), 50% recommended a “hold,” 38% recommended a “sell,” and ~12% recommended a “buy.”On March
OKLAHOMA CITY, March 19, 2019 /PRNewswire/ -- Chesapeake Energy Corporation (CHK) today announced the preliminary results of its private offers to exchange (the "Exchange Offers") new 8.00% Senior Notes due 2026 (the "New Notes") for certain outstanding senior unsecured notes listed in the table below (the "Existing Notes"). As of 5:00 p.m., New York City time, on March 18, 2019 (the "Early Tender Date"), approximately $883.5 million aggregate principal amount, or approximately 59.7%, of Existing Notes were validly tendered and not validly withdrawn. The following table sets forth the approximate aggregate principal amounts of each series of Existing Notes that were validly tendered and not validly withdrawn on or prior to the Early Tender Date.
Energy Sector Highlights Last WeekUS crude oil last week On March 8–15, US crude oil April futures rose 4.4% and closed at $58.52 per barrel—the second-highest closing level for active US crude oil futures since November 12. In the past week,
What's behind Your Energy Portfolio Gains?US crude oil moved higher this week On March 14, US crude oil April futures rose 0.6% and settled at $58.61 per barrel, the highest closing level for US crude oil active futures since November 12. Moreover,
How Energy Commodities Are Influencing Upstream Energy Stocks(Continued from Prior Part)Natural-gas-weighted stocks’ returnsBetween March 6 and March 13, our list of natural-gas-weighted stocks fell 0.3%, while natural gas April futures fell 0.7%.
How Energy Commodities Are Influencing Upstream Energy Stocks(Continued from Prior Part)Natural-gas-weighted stocks ignored natural gas pricesThe natural-gas-weighted stocks on our list had either low or negative correlations with natural gas April
Will the Weakness in Natural Gas Continue?(Continued from Prior Part)Futures spread On March 12, the natural gas futures for April 2019 closed at a discount of ~$0.18 to the April 2020 futures. On March 5, the futures spread was at a discount of