|Bid||0.00 x 800|
|Ask||0.00 x 900|
|Day's Range||114.39 - 120.02|
|52 Week Range||114.39 - 163.11|
|Beta (3Y Monthly)||1.08|
|PE Ratio (TTM)||17.68|
|Earnings Date||Feb 18, 2019 - Feb 22, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||183.24|
The Zacks Analyst Blog Highlights: Baker Hughes, Schlumberger, Diamond Offshore Drilling, Transocean and Concho Resources
Hedge Funds and other institutional investors have just completed filing their 13Fs with the Securities and Exchange Commission, revealing their equity portfolios as of the end of September. At Insider Monkey, we follow over 700 of the best-performing investors and by analyzing their 13F filings, we can determine the stocks that they are collectively bullish […]
US shale oil producers were among the worst performers in the S&P 500 on Thursday, posting sharp losses as falling crude prices increasingly threaten the industry’s profits. and Diamondback Energy, three companies with operations in the Permian Basin of Texas, saw their shares tumble. Cimarex was down 8.9 per cent, while Concho Resources and Diamondback Energy dropped 7.2 per cent and 6.5 per cent, respectively.
With derivative contracts and U.S. plays??? low break-even oil price, some oil producers are immune, to some extent, even if OPEC & allies decide against production cut.
Investors looking for stocks with high market liquidity and little debt on the balance sheet should consider Concho Resources Inc (NYSE:CXO). With a market valuation of US$26b, CXO is a Read More...
Devon Energy (DVN) isn’t expected to report a positive FCF (free cash flow) in the fourth quarter. Devon Energy’s management expects an excess cash inflow of $5 billion by the end of 2018 assuming WTI at $65 per barrel, natural gas prices at $3 per MMBtu, and current WCS (Western Canada Select) strip pricing when it released its third-quarter results.
In the week that ended on November 16, US crude oil inventories were 6% above their five-year average, one percentage point more than the previous week. Oil prices and the inventories spread usually move inversely, as you can see in the chart below. If the inventories spread expands further into positive territory, it might drag down oil prices in the coming weeks. The inventories spread is the difference between inventories and their five-year average.
Jeff Currie, Goldman Sachs’ (GS) commodities’ head, told CNBC that oil’s fall to $50 will hurt US oil producers. However, US President Donald Trump appreciated oil’s fall in recent tweets. On November 26, US crude oil active futures rose 2.4% from their lowest closing price of $50.42 per barrel in 2018.
On November 26, US crude oil January 2019 futures closed ~$1.1 below January 2020 futures. On November 19, the futures spread was at a discount of ~$0.7. Between November 19 and 26, US crude oil January futures fell 9.7%.
Missed the slew of shale oil earnings? Here's a quick run-through of how some of the bigwigs fared in their earnings reports.
Futures slid below $60 in London on Friday and ended the week down about 12 percent, the worst showing since January 2016. Energy companies led declines, with shale drillers Concho Resources Inc. and Devon Energy Corp. each down more than 5 percent. In the U.S., West Texas Intermediate oil prices slid toward $50 a barrel, the baseline at which many large shale explorers set their budget this year, RBC Capital Markets analyst Scott Hanold said in a note to clients.
It was the worst Thanksgiving week performance by stocks since 2011. Trade and oil concerns remained front and center.
Stocks that moved substantially or traded heavily Friday: Rockwell Collins Inc., up $11.86 to $141.54 Chinese regulators have conditionally approved the sale of the maker of communications and aviation ...
On November 14–21, our list of oil-weighted stocks fell 0.6%—compared to the 3.2% fall in US crude oil January futures. On average, our list of oil-weighted stocks outperformed US crude oil prices.
If you are looking for a fast-growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider Concho Resources (CXO).