|Bid||4.660 x 800|
|Ask||4.670 x 3100|
|Day's Range||4.550 - 4.690|
|52 Week Range||2.530 - 5.600|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 31, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.49|
Between September 14 and 21, the United States Natural Gas ETF (UNG) and the ProShares Ultra Bloomberg Natural Gas ETF (BOIL) rose 8.4% and 16.8%, respectively. These ETFs track natural gas futures. UNG holds active natural gas futures contracts while BOIL’s objective is tracking twice the daily changes of the Bloomberg Natural Gas Subindex.
Exxon Mobil is shifting its attention to an oil-rich area of the Eagle Ford Shale where it is planning six horizontal drilling projects.
The chaos at Tesla (NASDAQ:TSLA) continues. Tesla stock finds itself stuck in a trading range as production glitches, management turnover, falling bond prices, and investigations hamper the equity.Still, the stock price remains at a high level despite the turmoil. If the company can start making money, it could thrive.
On September 12–19, our list of natural gas–weighted stocks rose 7.4%, while natural gas October futures rose 2.8%. On average, natural gas–weighted stocks outperformed natural gas futures during this period.
The natural gas–weighted stocks under review that are sensitive to US crude oil November futures’ movements based on their correlations in the last five trading sessions are: Southwestern Energy (SWN) at 96.2% Chesapeake Energy (CHK) at 75% Range Resources (RRC) at 31.6%
On September 19, natural gas October futures fell 0.9% and settled at $2.908 per MMBtu (million British thermal units). Concerns surrounding natural gas’s demand might have dragged active natural gas futures from the highest closing level since August 23.
Over the past year or so, I’ve recommended Chesapeake Energy (NYSE:CHK) as a high-risk, high-reward play. Whether those calls were correct comes down mostly to timing: CHK stock continues to trade sideways, dipping below $3 earlier this year and climbing above $5 in July before yet another pullback to about $4. In fact, that’s both the good news and the bad news when it comes to Chesapeake Energy stock.
The natural gas rig count stood at 186 last week—unchanged from the previous week. However, the natural gas rig count has fallen ~88.5% from its record level of 1,606 in 2008.
Robinhood is pushing back following allegations by a Seeking Alpha contributor that the company sells its order flow to exchanges at a higher rate than other discount brokerages, suggesting that Robinhood customers potentially receive lower execution quality and worse execution prices. The original Seeking Alpha post questioned Robinhood’s transparency because the rebate payments Robinhood reports it receives from these third parties seem to indicate the company is paid much more for order flow to the same exchanges as companies such as TD Ameritrade Holding Corp. (NASDAQ: AMTD) and E*TRADE Financial Corp (NASDAQ: ETFC).
Between September 7 and 14, the United States Natural Gas ETF (UNG) and the ProShares Ultra Bloomberg Natural Gas ETF (BOIL) fell 0.5% and 2.9%, respectively. These ETFs track natural gas futures—UNG holds active natural gas futures contracts, while BOIL’s objective is to track the Bloomberg Natural Gas Subindex.
The five-year renewal of Chesapeake's (CHK) credit facility with a borrowing base of $3 billion emphasizes the company's commitment to growth.
Between September 5 and September 12, our list of natural gas–weighted stocks fell 2.4% overall, while natural gas October futures rose 1.2%. On average, natural gas–weighted stocks underperformed natural gas futures during this period.
The natural gas–weighted stocks under review that are sensitive to US crude oil October futures’ movements based on their correlations with US crude oil October futures in the last five trading sessions are as follows: Range Resources (RRC) at 94.8% Gulfport Energy (GPOR) at 82% Cabot Oil & Gas (COG) at 78.7% Southwestern Energy (SWN) at 74.9%
On September 12, natural gas October futures were almost unchanged and settled at $2.829 per MMBtu (million British thermal units). However, concerns surrounding natural gas inventories and a fall in demand next week could drag on natural gas prices going forward.
About 71.0% of analysts surveyed by Reuters rate Southwestern Energy Company (SWN) as a “hold,” 18.0% rate it as a “buy,” and the remaining 11.0% rate it as a “sell.” BMO Capital recently downgraded SWN to “market perform,” which is equivalent to a “hold” rating, from “outperform,” which is equivalent to a “buy” rating.
On September 11, 2018, the natural gas futures for October 2018 closed at a premium of ~$0.19 to their October 2019 futures. On September 4, 2018, the futures spread was at a premium of $0.18. Between September 4 and September 11, 2018, natural gas October futures rose 0.2%.
Southwestern Energy Company’s (SWN) 30-day implied volatility was 50.8% on September 10. This is above the 15-day average of 44.2%. SWN’s peers Chesapeake Energy Corporation (CHK) and Noble Energy (NBL) had implied volatility readings of 49.4% and 35.2%, respectively, on the day.
OKLAHOMA CITY , Sept. 12, 2018 /PRNewswire/ -- Chesapeake Energy Corporation (NYSE:CHK) today announced it has amended and restated its senior secured revolving credit facility agreement. The amended and ...
The natural gas rig count stood at 186 last week, two more rigs than in the previous week. However, the natural gas rig count has fallen ~88.5% from its record level of 1,606 in 2008.