|Bid||32.20 x 800|
|Ask||32.24 x 800|
|Day's Range||31.66 - 33.14|
|52 Week Range||6.47 - 48.85|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 5, 2018 - Nov 9, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||45.33|
On August 13, US crude oil September futures closed ~$3.97 above the September 2019 futures contract. On August 6, the futures spread was at a premium of ~$5.02. On August 6–13, US crude oil September futures fell 2.6%.
Between July 27 and August 3, the United States Oil ETF (USO) fell 0.3%, the United States 12-Month Oil ETF (USL) fell 0.6%, and the ProShares Ultra Bloomberg Crude Oil ETF (UCO) fell 0.9%. These ETFs track US crude oil futures.
Between July 27 and August 3, US crude oil September futures fell just 0.3% and closed at $68.49 per barrel on August 3—their fourth consecutive close below the $70 mark.
California Resources (CRC) delivered earnings and revenue surprises of -680.00% and -17.58%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
The Los Angeles-based company said it had a loss of $1.70 per share. Losses, adjusted for one-time gains and costs, came to 29 cents per share. The results missed Wall Street expectations. The average ...
California Resources Corporation , an independent California-based oil and gas exploration and production company, today reported a net loss attributable to common stock of $82 million, or $1.70 per diluted share, for the second quarter of 2018.
Between July 25 and August 1, our list of oil-weighted stocks fell 3.8%, while US crude oil September futures fell 2.4%. In fact, all the oil-weighted stocks on our list closed in the red.
As of July 13, ConocoPhillips’s (COP) total shares shorted (or short interest) stood at ~16.01 million. The company’s average daily volume is ~6.62 million. The short interest ratio for ConocoPhillips stock is ~2.42x. In October 2017, the short interest ratio for ConocoPhillips stock made the 52-week high of 5.59x. ConocoPhillips’ short interest ratio made a 52-week low of 2.27x in June. ConocoPhillips stock’s average daily volume is calculated for the short interest reporting period on July 2–13.
CRC executives will be participating in the Susquehanna Financial Group Energy Conference in New York, New York on August 14, 2018. Presentations and certain webcast links for the conferences listed above will be available on the day of the event on the “Earnings and Presentations” page (select the “Investor Presentations” tab) in the Investor Relations section on www.crc.com. California Resources Corporation (CRC) is the largest oil and natural gas exploration and production company in California on a gross-operated basis.
As of July 27, ConocoPhillips (COP) had an implied volatility of ~23.1%, which is lower compared to its implied volatility of ~26.4% at the end of the second quarter.
As of July 25, Southwestern Energy (SWN) had an implied volatility of ~50.0%, which is lower when compared with its implied volatility of ~50.9% at the end of the second quarter of 2018.
For the second quarter, ConocoPhillips (COP) reported revenues of ~$9.24 billion—lower than Wall Street analysts’ consensus of ~$9.93 billion. For the second quarter, ConocoPhillips reported sales and other operating revenues of ~$8.50 billion, equity on earnings from the affiliate of ~$265 million, gains on dispositions of ~$55 million, and other revenues of ~$416 million. In the second quarter, ~92% of ConocoPhillips’s revenues came from oil and gas production sales and purchased commodities.
For the second quarter of 2018, Wall Street analysts expect Southwestern Energy (SWN) to report revenues of ~$809 million. On a year-over-year basis, SWN’s Q2 2018 revenue expectations are lower by less than a percentage point when compared with Q2 2017 revenues of ~$811 million. Sequentially, Southwestern Energy’s Q2 2018 revenue expectations are lower by ~12% when compared with first-quarter revenues of ~$920 million.
As of July 26, 2018, CNX Resources (CNX) had an implied volatility of ~37.2%, which is lower when compared with its implied volatility of ~39.1% at the end of Q2 2018.
On July 24, EOG Resources (EOG) had an implied volatility of ~26.4%, lower than its implied volatility of ~27.5% at the end of the second quarter.
For Q2 2018, Wall Street analysts expect CNX Resources (CNX) to report revenues of ~$383 million. On a year-over-year basis, CNX’s Q2 2018 revenue expectations are lower by ~56% when compared with Q2 2017 revenues of ~$866 million. Sequentially, CNX Resources’ Q2 2018 revenue expectations are lower by ~17% when compared with Q1 2018 revenues of ~$461 million.
In the last four quarters, EOG Resources (EOG) beat the consensus EPS estimate in the third quarter of 2017, the fourth quarter of 2017, and the first quarter of 2018. In the last four quarters, EOG has beaten the consensus EPS estimate 75% of the time and missed the consensus EPS estimate 25% of the time. In the last four quarters, upstream players California Resources (CRC), Pioneer Natural Resources (PXD), and Murphy Oil (MUR) have beaten earnings expectations ~75%, ~100%, and ~75% of the time, respectively.
Zacks.com highlights: Raytheon, California Resources, Plains All American Pipeline and Tristate Capital Holdings
In Q1 2018, 89 funds bought California Resources (CRC) stock, meaning they either created new positions or added to their existing positions in the stock. Meanwhile, 106 funds sold CRC, meaning they either closed or reduced their positions.
Of the seven analysts covering California Resources (CRC) on July 23, ~14% recommended “strong buy,” ~14% recommended “buy,” and ~72% recommended “hold.” Their median target price for CRC was $39, which was ~3% lower than its July 23 price of $40.30. Their highest target price for CRC was $70, and their lowest was $29. In the last three months, analysts’ median target price for CRC has increased from $24.50 to $39.