69.49 0.00 (0.00%)
After hours: 4:33PM EST
|Bid||69.40 x 1000|
|Ask||69.69 x 2200|
|Day's Range||69.18 - 70.01|
|52 Week Range||52.78 - 80.24|
|Beta (3Y Monthly)||0.98|
|PE Ratio (TTM)||13.06|
|Earnings Date||Apr 24, 2019 - Apr 29, 2019|
|Forward Dividend & Yield||1.22 (1.77%)|
|1y Target Est||77.47|
Announcement: Moody's announces completion of a periodic review of ratings of Borger Energy Associates, L.P. New York, February 19, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Borger Energy Associates, L.P. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
The South Texas Drilling Permit Roundup is a weekly review of new drilling permit applications filed with the Railroad Commission of Texas for the 33-county area that encompasses the Eagle Ford Shale and surrounds Bexar County.
The head of the Colorado Petroleum Council is leaving to become the top executive of a new oil and gas organization connecting oil companies and communities around Texas' booming Permian Basin. Tracee Bentley, executive directive and founding leader of the CPC, is stepping down after three years in the post. On March 18, she becomes CEO of the Permian Strategic Partnership, a collaboration started last year by 20 domestic oil producers working in the giant oil field of West Texas to improve the area's quality of life.
ConocoPhillips (NYSE:COP) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018.
What Might Impact Devon Energy's Stock Prices?Devon Energy’s fourth-quarter earnings Devon Energy (DVN) is expected to report its fourth-quarter earnings on February 19 after the market closes. The company is expected to report core earnings of
Repsol's (REPYY) latest natural gas discovery in Indonesia is confirmed by SKK Migas, the oil and gas regulator of the country.
Here's What Could Limit Cimarex Energy's Earnings DownsideCimarex Energy’s Q4 2018 earnings results could be better than its peers Cimarex Energy (XEC) is expected to report its fourth-quarter earnings results on February 20. The company is
Pioneer Natural Resources: Analysts Reviewed the Target PriceAnalysts’ recommendationsBased on Reuters data from 36 analysts tracking Pioneer Natural Resources (PXD), 95% recommended a “buy,” while 5% recommended a “hold.” None of the
Concho Resources' Q4 Results Are Around the Corner—What to ExpectConcho Resources’ fourth-quarter earningsConcho Resources (CXO) is expected to report its fourth-quarter earnings results on February 19. The company is expected to report an
ConocoPhillips (COP) today announced that it has received notice of an unsolicited mini-tender offer by Baker Mills LLC (Baker Mills) to purchase up to 50,000 shares of ConocoPhillips common stock from the stockholders of ConocoPhillips. The offer represents approximately 0.004 percent of the outstanding shares of ConocoPhillips common stock.
The oil and gas industry includes companies involved in the exploration, extraction, refining, transporting and marketing of oil and gas products. The oil and gas sector started 2018 off strong, coinciding with a rise in crude oil prices from around $50 to $70 per barrel.
Energy Portfolio Gains on Oil's RiseHighest level in 2019On February 14, US crude oil March futures rose 0.9% and settled at $54.41 per barrel. At 5:05 AM EST on February 15, US crude oil futures rose by 13 cents—less than a dollar from the
Companies such as Exxon Mobil and Chevron may be more focused on capital returns than growth. That is good news for income investors.
Why ConocoPhillips Stock Doesn't Have Any 'Sell' RecommendationsWall Street analysts’ recommendation Based on Reuters data from 22 analysts tracking ConocoPhillips (COP), 45% recommended “holds,” 55% recommended “buys,” and none
The Zacks Analyst Blog Highlights: Bristol-Myers, ConocoPhillips, Qualcomm, General Motors and Marathon
Occidental's (OXY) earnings and revenues in the fourth quarter surpass the Zacks Consensus Estimate, courtesy of strong performance from Permian Resources assets.
When Jonathan Roger, the former head of Centrica’s upstream oil and gas business, struck out on his own and set up an outfit to buy assets in the UK North Sea, conditions in the region were tough. “When ...
Oil Prices: Is the Rebound Sustainable?US crude oilOn February 11, US crude oil prices fell 0.6% and settled at $52.41 per barrel. On the same day, US crude oil active futures made an intraday low of $51.23—the lowest level since January 17. A
ConocoPhillips: Investors' Confidence Is RisingConocoPhillips Since ConocoPhillips (COP) reported its fourth-quarter earnings results on January 31, the stock has fallen 1.7% despite a fall of 2% and 8.2% in US crude oil and natural gas prices,
Chesapeake Energy: 'Buy' or 'Sell' after Its Q4 Earnings?Chesapeake’s earnings might fall sequentiallyOn February 27, Chesapeake Energy (CHK) might report an adjusted net income of $0.18 per diluted share based on analysts’ consensus estimates.
In late October, yours truly here touted Chesapeake Energy (NYSE:CHK) as an underestimated turnaround prospect. Chesapeake stock promptly fell from that day's close of $4.54 to a Dec. 24 close of $1.73, confirming that I am neither clairvoyant nor infallible. Click to Enlarge Source: Philadelphia 76ers Via Flickr Since then, Chesapeake stock has made its way back to its current price near $2.60. Most investors also fully recognize the steep selloff was due to a combination of major market-wide selloff and a meltdown in crude and natural gas prices. The company didn't unexpectedly hit a wall. Still, nothing undercuts a stock's future like broken confidence. * 10 Monster Growth Stocks to Buy for 2019 and Beyond Chesapeake Energy is a name I'm standing by though. While it's fighting an uphill battle of weak commodity prices, it remains the best-of-breed pick within the exploration and production arena.InvestorPlace - Stock Market News, Stock Advice & Trading Tips A Closer Look at Chesapeake StockFor the record, none of its rivals have fared much better since late October. ConocoPhillips (NYSE:COP) hasn't been hit quite as hard, though it's still down to the tune of 5%, while Devon Energy (NYSE:DVN) has fallen 24% for the three-month stretch. There's been nowhere for any energy name to hide from the 23% setback in oil prices for the timeframe in question.And yet, though Chesapeake Energy desperately needs oil prices to rebound to prompt a corresponding rebound from Chesapeake stock, there's arguably no better company poised to support such a bounce.Thank CEO Doug Lawler, mostly.Lawler was named CEO in 2013, recruited from rival Anadarko Petroleum (NYSE:APC). Though he handled international and deepwater operations for his previous employer, he was actually a holdover from Oklahoma's Kerr-McGee, which was acquired by Anadarko in 2006.His experience and familiarity with the area have proven invaluable.Lawler is reshaping the company to focus first and foremost on the Powder River Basin and Eagle Ford. The former covers a swath of southeast Montana and northeast Wyoming, while the latter sweeps through the heart of Texas.The recently-completed acquisition of WildHorse Resources adds 420,000 acres of exposure to Eagle Ford, and simultaneously triples the company's proved-but-undeveloped oil reserves to 320 million barrels.Meanwhile, Chesapeake is shedding properties outside of the area of focus, like its Utica shale assets in Ohio.There's more to the remix of properties than streamlining and debt-reduction though. The company explained in the middle of last year (and not for the first time) "The Eagle Ford Shale in South Texas remains Chesapeake's EBITDA-generating backbone, consistently delivering high-margin oil volumes and stable production."It's similarly mastered the nuances of the Powder River Basin.The development of properties in those two regions goes beyond an expertise of that turf, however. Both areas are close to the Gulf Coast, where premium prices for crude can be found more often than not. It's the Little ThingsThe new configuration is bearing fruit, when tepid oil and gas prices aren't prematurely picking it.It's not an easy premise to prove. A quick review of its historical balance sheet data reveals its total liabilities of $12.8 billion is more or less in line with 2017's final tally of $12.4 billion. Take a look further back in time though. As of 2014, when gas and crude prices were on the verge of collapse, that figure was a stunning $40.7 billion.That's enough progress for Moody's to upgrade the company's remaining debt to B2, making it cheaper for Chesapeake to secure new debt or refinance existing debt.More important, the cost and headache of restructuring hasn't crimped production. Chesapeake Energy reported in early January it believes it produced about 463,000 BOE per day, versus analyst estimates of 448,000. It's a hint that the outfit is getting more out of its assets than anticipated, or at least doing so at a faster-than-expected pace. WildHorse may drive more growth than currently expected as well.Lawler isn't thinking or acting recklessly though. Also early in the year the company announced it was culling its rig count from 19 to what should be an average of 14 by year's end, to reflect contracted oil and gas prices.Shuttering those rigs will reduce unnecessary expenses until higher crude prices justify their reactivation, adding onto cost cuts that have already been realized. During the third quarter of last year, production costs fell from $3.03 per BOE a year earlier to $2.68 per BOE thanks to sales of lackluster properties and smarter use of remaining ones.Chesapeake's post-implosion rebuild has arguably been one of the best in the business. Bottom Line for Chesapeake StockNone of these initiatives are readily evident to current and prospective shareholders, however, keeping a cap on CHK stock in an environment that's already been less than friendly to energy stocks. It will take an oil rebound for the upside of the Lawler-led effort to become clear and buyable.That recovery is more likely to be a matter of "when" than "if" though.In spite of the economic caterwauling, the EIA forecasts that consumption of oil will continue to grow in 2019 as it did in 2018, with no great net increases in production capacity on the horizon. And, to the extent new oil spigots could be opened, OPEC is curtailing its output this year to counterbalance the United States' ramped-up production.Although oil stockpiles in the U.S. are moving slightly higher now, the total days' worth of crude in inventory has been quietly falling since February of last year.If nothing else, its forward-looking P/E of 4.6 makes CHK stock a ticker to add to a watchlist, for the point where crude and natural gas prices finally make their pivot.The fourth quarter earnings report slated for Feb. 27 could make or break the bullish argument.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * Are These 7 Dividend Aristocrats ETFs Fit for a King? * 7 of the Best Emerging Markets Stocks to Buy * 5 Gold Stocks That Should Glitter in 2019 Compare Brokers The post Chesapeake Stock Still Is a Top Way to Play an Oil, Gas Rebound appeared first on InvestorPlace.