|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||155.12 - 157.21|
|52 Week Range||106.73 - 160.37|
|PE Ratio (TTM)||41.01|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Hess Corporation (HES) will release its fiscal 4Q17 and fiscal 2017 earnings on February 5, 2018. Hess’s 4Q17 revenue estimate is $1.3 billion, while its fiscal 2017 revenue estimate is ~$5.3 billion. By comparison, Hess reported revenues of $1.19 billion in 4Q16, while its fiscal 2016 revenues came in at $4.8 billion. As you can see from the graph, analysts expect Hess’s revenues to rise on a YoY (year-over-year) basis.
The resurgence in crude oil is part of a saga that began with the onset of the Great Recession, but it took on an intriguing twist when Saudi Arabia launched a war on America’s fracking miracle. There were 1,609 oil rigs in the United States, Saudi Arabia was flushed with billions and American fracking stocks were unstoppable. While the supply-demand dynamic of oil has a lot of mitigating factors, ultimately there has to be strong demand and evidence of weaker supply.
The rapid rebound in oil prices means shale drillers will be flush with cash that they could use to unleash another gusher of oil.
A recharged U.S. shale boom will grow in 2018, with diversified companies such as Concho Resources Inc. and Devon Energy Corp. gaining an edge in overcoming a lack of completion crews for drillers.
On December 22, 2017, Hess (HES) stock’s short interest ratio (or short interest as a percentage of float) was ~9.8%. In comparison, its short interest ratio in January 2017 was ~8.4%. In…
Hess’s (HES) current implied volatility is ~32.3%, which is ~3.1% higher than its 15-day average of ~31.3%. In comparison, peers Apache (APA), Concho Resources (CXO), and Continental Resources (CLR) have ...
Between December 27, 2017, and January 3, 2018, oil-weighted stocks from the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) rose 4.3%.
The EIA (Energy Information Administration) forecasts that US crude oil production could average 9.2 million barrels per day in 2017.
Oil hedges help producers protect cash flow when crude prices fall, but it also puts a ceiling on their upside.
On December 22, the short interest ratio (short interest as a percentage of float) for Whiting Petroleum (WLL) stock was ~18.7%. In contrast, in January 2017, the short interest ratio was ~3.1%.
Many analyst favorites at this time last year are in the red but there's optimism that next year will be better with the oil supply/demand balance tightening.
The major stock indexes held modest losses in late-afternoon trading Friday, but the session wasn't entirely without incident as Bitcoin plunged again.
WPX Energy (WPX) benefits from its focus to increase oil production and divestiture of non-core gas operations help it to expand oil operations.
Chevron, Rio Tinto and several other mining and energy stocks hit buy points Thursday as investors bet on strong global growth, with the Trump tax cuts boosting profits.
Meanwhile, U.S. output rose by 9,000 barrels per day last week to 9.8 million barrels per day - the most since the EIA started maintaining weekly data in 1983.
On December 15, 2017, the short interest ratio (or short interest as a percentage of float) for Whiting Petroleum (WLL) stock was ~18.7%.
A Relative Strength Rating upgrade for Concho Resources shows improving technical performance. Will it continue?
West Texas crude is on the rise, putting oil & gas stocks at the top of the S&P 500 today and making big winners out of energy ETFs. United States Oil (USO) rose 0.9% to $11.61, while the Energy Select Sector SPDR ETF (XLE) gained 1.4% to $70.33, and the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) climbed 2.5% to $35.68. The outlook for oil stocks in looks rosy, explain Jefferies analyst Jason Gammel and team.
Key indexes traded flat, Apple is still acting fine after a weak-volume breakout. Bitcoin Investment Trust is catching its breath.
Categories: ETFs Yahoo FinanceGet full CapitalCube analysis *Disclaimer : This is as of previous day’s closing price. Technical Indicators Below is a quick look at 5 technical indicators for Concho Resources, Inc.. More studies are available on the Technical Chart. Indicator Signal Closing Price above/below 50 Day Moving Average Bullish Closing Price above/below 200 Day Moving Average Bullish ... Read more (Read more...)