23.72 -0.23 (-0.96%)
After hours: 5:00PM EDT
|Bid||23.32 x 1000|
|Ask||24.24 x 4000|
|Day's Range||23.42 - 24.06|
|52 Week Range||21.71 - 29.57|
|PE Ratio (TTM)||100.63|
|Earnings Date||Jul 26, 2018 - Jul 30, 2018|
|Forward Dividend & Yield||0.24 (1.01%)|
|1y Target Est||28.22|
On June 8–15, the ETFs that track natural gas futures had the following performances: The United States Natural Gas ETF (UNG) rose 4.4%. The ProShares Ultra Bloomberg Natural Gas ETF (BOIL) rose 8.6%.
Insiders in energy companies have been purchasing a lot of shares lately as there are several underlying factors that will drive oil prices in the near term
Higher oil prices are helping many American shale drillers. As companies respond to rising oil prices by drilling more for it, they often unearth gas as a byproduct. The average share price for the five top companies focused on the oil-rich Permian Basin in Texas and New Mexico are up more than 16% over the past year.
Between June 6 and June 13, none of the natural gas–weighted stocks on our list had less than a 61% correlation with US crude oil July futures.
Year-to-date, Cabot Oil & Gas (COG) has been the fifth-weakest energy stock from the US oil and gas production sector. The natural gas producer operates in the Marcellus Shale and Eagle Ford Shale. This year, COG has fallen ~18% to $23.59 from its 2017 close of $28.60.
The SPDR S&P Oil & Gas Exploration & Production exchange-traded fund (XOP) is down 4.5%. • First, none of the energy bears I checked in with at the time were making the case that Saudi Arabia would change policy and increase production — which is what has reversed oil prices. • Second, I’ve been bullish on energy and energy stocks here and in my stock newsletter since the dark days of 2015.
Year-to-date, Laredo Petroleum (LPI) has been the fourth-weakest energy stock from the US oil and gas production sector. Laredo Petroleum, primarily a crude oil and natural gas liquid producer, operates in the Permian Basin in Texas. In 2018, LPI has fallen almost 19% to $8.63 from its 2017 close of $10.61.
In 2008, the natural gas rig count made a record high of 1,606. From the record level in 2008, the natural gas rig count fell ~87.7% until June 8. Between January 2008 and March 2018, US natural gas marketed production rose ~50.3%—based on the U.S. Energy Information Administration’s monthly data. Due to rising production, natural gas active futures have fallen 62.6% since January 2008. What’s behind the rise in natural gas supplies?
Presenters include U.S. and Canadian shale producers, Gulf of Mexico and Latin American producers, expert panel discussion on Mexico's growing E&P opportunities DENVER , June 13, 2018 /PRNewswire/ -- EnerCom, ...
At 1.817 trillion cubic feet (Tcf), natural gas inventories are 512 Bcf (22%) under the five-year average and 799 Bcf (30.5%) below the year-ago figure.
On May 30–June 6, our list of natural gas–weighted stocks fell 1.5%, while natural gas July futures rose 0.4%. On average, natural gas–weighted stocks underperformed natural gas futures in the trailing week.
Today, WallStEquities.com scans Anadarko Petroleum Corp. (NYSE: APC), Apache Corp. (NYSE: APA), Baytex Energy Corp. (NYSE: BTE), and Cabot Oil & Gas Corp. (NYSE: COG). Companies in the Independent Oil and Gas space receive nearly all of their revenues from production at the wellhead.
Investment conference registration is open at the conference website DENVER , June 5, 2018 /PRNewswire/ -- EnerCom, Inc. is pleased to update the list of presenting oil and gas companies for the 23 rd ...
Last week (May 25–June 1), natural gas futures-tracking ETFs’ performance was as follows: The United States Natural Gas ETF (UNG) rose 0.3%. The ProShares Ultra Bloomberg Natural Gas ETF (BOIL) rose 0.3%.
Measuring Cognor Holding SA.’s (WSE:COG) track record of past performance is an insightful exercise for investors. It enables us to reflect on whether the company has met or exceed expectations,Read More...
A couple of chief executive officers made notable purchases of their stock this week. Conventional wisdom says that insiders and 10 percent owners really only buy shares of a company for one reason — they believe the stock price will rise and they want to profit from. Continental Resources, Inc. (NYSE: CLR) saw Harold Hamm, the board chair and chief executive, add to his stake.
High growth companies such as Cabot Oil & Gas and Ascendis Pharma has a positive future outlook in terms of their returns, profitability and cash flows. The prospects of theseRead More...
According to the EIA (U.S. Energy Information Administration), US dry natural gas production is expected to increase through 2050 across various alternative assumptions (see graph below).
On May 29, natural gas July futures closed at a premium of ~$0.25 to July 2019 futures. The difference is called the “futures spread.” On May 22, the futures spread was at a premium of ~$0.26. On May 22–29, natural gas July futures fell 1.1%.
In the week ending May 18, natural gas inventories rose by 91 Bcf (billion cubic feet) to 1,629 Bcf—based on the EIA’s (U.S. Energy Information Administration) data announced on May 24. The increase was 2 Bcf less than what a survey by S&P Global Platts expected. On May 24, natural gas July futures rose 0.5%.
In 2008, the natural gas rig count made a record high of 1,606. From the record level in 2008, the natural gas rig count fell ~87.7% until May 25. Between January 2008 and February 2018, US natural gas marketed production rose 33.9%—based on the EIA’s monthly data. Since January 2008, natural gas active futures have fallen 63.4% to date. What’s behind the rise in natural gas supplies?
On May 29, natural gas July futures fell 2% and settled at $2.90 per MMBtu (million British thermal units). On the same date, Cabot Oil & Gas (COG), Range Resources (RRC), and Chesapeake Energy (CHK) fell 2.4%, 0.7%, and 0.5%, respectively—the underperformers on our list of natural gas–weighted stocks.
Cabot Oil & Gas (COG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.