|Bid||12.50 x 3200|
|Ask||12.86 x 800|
|Day's Range||12.32 - 12.69|
|52 Week Range||9.67 - 31.57|
|Beta (3Y Monthly)||2.88|
|PE Ratio (TTM)||10.97|
|Earnings Date||Feb 25, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||20.20|
Oil Prices: Is the Rebound Sustainable?(Continued from Prior Part)Changes in inventory levels On February 13, the EIA (U.S. Energy Information Administration) is scheduled to announce last week’s US crude oil inventory data. A rise of less than
Oil Prices: Is the Rebound Sustainable?(Continued from Prior Part)Futures spread On February 4, US crude oil March 2019 futures closed ~$1.76 below the March 2020 futures. On February 11, the futures spread was at a discount of ~$2.8. On February
Important Trends in the Energy Market Last WeekUS crude oil last weekOn February 1–8, US crude oil March futures fell 4.6% and closed at $52.72 per barrel—the lowest closing level for active US crude oil futures since January 28. The rise of
What Drove Your Energy Portfolio This Week?US crude oil fell on February 7 On February 7, US crude oil March futures fell 2.5% and settled at $52.64 per barrel. On the same day, the European Commission lowered the GDP growth rate for the European
Carrizo Oil & Gas Inc. is the latest E&P company to get with the proverbial program in shale. Production growth suffers a bit of course, but is still expected to be double-digits percentage-wise. The requisite references to positive free cash flow and a “mid-$50s” oil-price assumption were also in there.
Carrizo Oil & Gas, Inc. (CRZO) today announced its initial 2019 capital program and production guidance. It allows us to continue delivering profitable, double-digit production growth while also achieving a free-cash-flow-positive inflection point in the third quarter of the year and maintaining momentum into 2020.
Is US Crude Oil's Journey to $60 Unstoppable?EIA inventory data On February 6, the EIA (U.S. Energy Information Administration) reported a rise of 1.3 MMbbls (million barrels) in US crude oil inventories for the week that ended on February 1. A
Will US Crude Oil Maintain the $54 Level on February 5?(Continued from Prior Part)Changes in inventory levels On February 6, the EIA (U.S. Energy Information Administration) is scheduled to announce last week’s US crude oil inventory data. A rise
Energy Sector: Key Highlights Last Week(Continued from Prior Part)Oil-tracking ETFsOn January 25–February 1, the United States Oil ETF (USO), the United States 12-Month Oil ETF (USL), and the ProShares Ultra Bloomberg Crude Oil ETF (UCO) rose
Energy Sector: Key Highlights Last Week(Continued from Prior Part)Energy stocksOn January 25–February 1, oilfield services stocks (WFT) rose the most among the energy stocks under review in this series, which include the following ETFs:the
Energy Sector: Key Highlights Last WeekWill US crude oil regain $60?On January 25–February 1, US crude oil March futures rose 2.9% and closed at $55.26 per barrel—the highest closing level for active US crude oil futures since November 19. At
Will US Crude Oil Prices Surpass $54?(Continued from Prior Part)Oil inventories and their five-year averageIn the week ended January 18, US crude oil inventories were 9% higher than their five-year average—one percentage point more than the
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.
Your Energy Review for the Week Ended January 25(Continued from Prior Part)Oil-tracking ETFs Between January 18 and January 25, the United States Oil ETF (USO), the United States 12-Month Oil ETF (USL), and the ProShares Ultra Bloomberg Crude Oil ETF
Your Energy Review for the Week Ended January 25(Continued from Prior Part)Energy stocks Between January 18 and January 25, upstream stock Carrizo Oil & Gas (CRZO) fell the most among our set of selected energy stocks, which include the following
Your Energy Review for the Week Ended January 25US-China trade talks and oil prices Between January 18 and January 25, US crude oil March futures fell 0.6% and closed at $53.69 despite a fall in the US dollar. Moreover, as of around 6:09 AM EST on
NEW YORK, Jan. 28, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
After slumping earlier in the week over signs of a potential global economic slowdown, oil prices rose on Wednesday after China and Japan said they will take fiscal stimulus measures to boost growth and alleviate some of the pressure on financial markets. Warning! GuruFocus has detected 2 Warning Signs with CVX.
Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) is a small-cap stock with a market capitalization of US$1.1b. While investors primarily focus on the growth potential and competitive landscape of the small-cap Read More...
Upstream Review for the Week Ending January 11 (Continued from Prior Part) ## Upstream stocks On January 4–11, Denbury Resources (DNR) fell the most on our list of upstream energy stocks from the SPDR S&P Oil & Gas Exploration & Production ETF (XOP). However, XOP rose 6.2%—the second-largest rise among the major energy ETFs that we discussed in Part 1 of this series. On January 7, UBS reduced its target price on Denbury Resources by 25 cents to $2.4. ## Other underperformers EP Energy (EPE), Carrizo Oil & Gas (CRZO), Laredo Petroleum (LPI), and Pioneer Natural Resources (PXD) were the second, third, fourth, and fifth-largest underperformers, respectively, last week. ## What might be behind the fall? On January 9, Morgan Stanley reduced its target price on Pioneer Natural Resources by 36 cents to $182. EP Energy derives ~55% of its oil production from the Eagle Ford Shale, while Carrizo Oil & Gas derives 73.5% of its oil production from the same region. LLS (Louisiana Light Sweet) crude oil versus WTI at Cushing, or the LLS-WTC spread, was under pressure last month, which we discussed in the previous part. The factors might have dragged these two upstream stocks despite the bullishness in oil prices. The recovery in the spread last week might support these stocks going forward. LLS is the benchmark for most light sweet crude produced in the Eagle Ford region in Texas. Browse this series on Market Realist: * Part 1 - Upstream Sector Rose Last Week * Part 2 - Analyzing the Top Upstream Gainers Last Week
Carrizo (CRZO) has witnessed a significant price decline in the past four weeks, and is seeing negative earnings estimate revisions as well.
How Oil-Weighted Stocks Performed Last Quarter(Continued from Prior Part)Oil-weighted stocks The following oil-weighted stocks could be the most sensitive to US crude oil’s movements. They might be impacted the most by oil’s price movement based on their correlations with US crude oil active futures in the fourth quarter of 2018: Denbury Resources (DNR) at 64.
On December 21–28, oilfield services stock Weatherford International (WFT) gained the most on our list of energy stocks. The VanEck Vectors Oil Services ETF (OIH) had the second-highest rise among major energy subsector ETFs during this period, which we discussed in the previous part.