10.76 +0.04 (0.37%)
After hours: 4:25PM EDT
|Bid||10.65 x 900|
|Ask||0.00 x 900|
|Day's Range||10.65 - 10.89|
|52 Week Range||9.34 - 14.65|
|PE Ratio (TTM)||15.76|
|Earnings Date||Nov 5, 2018 - Nov 9, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||17.01|
On August 3–10, midstream stock TC PipeLines (TCP) saw the highest gain on our list of energy stocks. In fact, the Alerian MLP ETF (AMLP) fell 0.6%—the second lowest decline among major energy subsector ETFs during this period, as we discussed in the previous part.
On August 1–8, our list of oil-weighted stocks fell 0.7%, while US crude oil September futures fell 1.1%. On average, our list of oil-weighted stocks outperformed US crude oil prices.
NEW YORK, Aug. 09, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of HCA ...
NEW YORK, NY / ACCESSWIRE / August 7, 2018 / Callon Petroleum Company (NYSE: CPE ) will be discussing their earnings results in their Q2 Earnings Call to be held on August 7, 2018 at 9:00:00 AM Eastern ...
The Natchez, Mississippi-based company said it had profit of 23 cents per share. The results met Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was ...
NATCHEZ, Miss. , Aug. 6, 2018 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today reported results of operations for the three and six months ended ...
Yesterday, US crude oil’s implied volatility was 23.4%, ~3.3% below its 15-day average. The inverse relationship between oil prices and oil’s implied volatility is illustrated in the graph below. Since reaching a 12-year low in February 2016, US crude oil active futures have risen 163.1%. Crude oil’s implied volatility has fallen ~68.9% since February 11, 2016.
On July 26, US crude oil September futures rose 0.4% and settled at $69.61 per barrel. On the same day, oil-weighted stocks Pioneer Natural Resources (PXD), Callon Petroleum Company (CPE), and Concho Resources (CXO) had returns of -0.1%, 0.7%, and 1.4%, respectively, while Apache (APA) was unchanged. The small gain in oil prices was not sufficient to support most of these oil-weighted stocks.
According to the EIA’s (U.S. Energy Information Administration) report on July 18, US crude oil inventories rose by ~5.8 MMbbls (million barrels) to ~411.1 MMbbls in the week that ended on July 13. The market had expected a fall of 3 MMbbls, according to S&P Global Platts.
On July 18, US crude oil September futures rose 0.9% and closed at $67.75 per barrel. In the last three trading sessions, US crude oil September futures have been struggling to close above the $68.00 mark.
WallStEquities.com has initiated research coverage on California Resources Corp. (NYSE: CRC), Callon Petroleum Co. (NYSE: CPE), Canadian Natural Resources Ltd (NYSE: CNQ), and Chesapeake Energy Corp. (NYSE: CHK). The biggest drivers of Independent Oil and Gas companies are unquestionably oil and gas prices. When prices are high, independents can be aggressive in leasing mineral rights that are prospective for oil and gas, and then aggressively drill new wells.
NATCHEZ, Miss. , July 16, 2018 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) plans to host a conference call to discuss its second quarter 2018 financial and operating results. Webcast and Conference ...
Between July 9 and July 13, the events listed in the following table could impact oil and natural gas prices. The EIA (U.S. Energy Information Administration) is expected to release its Short-Term Energy Outlook on July 10. The IEA (International Energy Agency) is scheduled to release its Oil Market Report scheduled on July 12. These reports could influence oil and natural gas prices for the next few weeks.
On July 5, US crude oil’s implied volatility was 26.5%—1.1% below the highest level in 2018 of 26.8% on February 12. The higher implied volatility could warrant sharp movement in oil prices.
US tariffs on Chinese imports went into effect at 12:00 AM EST on July 6. China retaliated by announcing tariffs on US imports. Escalating trade tensions between the US and China could lead to China imposing a 25% tariff on US crude oil imports.
As crude oil's strong rebound continues -- I'm seeing WTI quoted at $73.31 as I write this -- I have been looking into different ways to play the jump in prices. The fact is, though, an extended period of sustainably higher oil prices changes the basic economics of drilling a well. Higher oil prices also increase the value of the land upon which E&P companies lease their drilling rights, as that land is worth the current discounted value of future production volumes.
I am writing today to help inform people who are new to the stock market and want to begin learning the link between Callon Petroleum Company (NYSE:CPE)’s fundamentals and stockRead More...
On June 21, US crude oil August futures fell 0.3% and closed at $65.54 per barrel. However, the United States Oil ETF (USO) rose 0.2% on that day. USO is meant to track oil futures, but it can sometimes have a tracking difference due to various factors.
The EIA (U.S. Energy Information Administration) released its weekly US crude oil output data on June 20. The EIA reported that the US crude oil output was steady at 10,900,000 bpd (barrels per day) on June 8–15. Crude oil production has been steady at a record high level. The US crude oil output increased by 1,550,000 bpd or ~16.6% year-over-year.
NEW YORK, NY / ACCESSWIRE / June 20, 2018 / U.S. equities slumped on Tuesday as global trade concerns grew after President Trump threatened to impose an additional $400 billion in tariffs on goods from ...
The Permian Basin Is Still a Star, but Can Midstream Keep Up? According to the EIA (U.S. Energy Information Administration), US tight oil production has increased in part due to the increasing productivity of new wells. Growing initial production rates have helped tight oil production to increase despite slowdowns in drilling activity when oil prices crashed in 2014.
OPEC members’ meeting is scheduled for June 22. The meeting will likely be the most important event for oil prices this week. The meeting will decide the fate of the production cut deal—an event that would decide the future direction of oil prices.