|Bid||4.83 x 800|
|Ask||4.84 x 4000|
|Day's Range||4.73 - 5.00|
|52 Week Range||1.04 - 6.75|
|Beta (3Y Monthly)||4.83|
|PE Ratio (TTM)||10.50|
|Earnings Date||Nov 5, 2018 - Nov 9, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||6.23|
On October 22, US crude oil December 2018 futures closed just ~$0.6 above the December 2019 futures. On October 15, the futures spread was at a premium of ~$2.1. Between October 15 and October 22, US crude oil December futures fell 3.1%. In fact, during this period, the futures spread is heading for a discount that might reflect a possible reversal in oil’s bullish sentiments.
EQT Corp's third-quarter results are likely to reflect the benefit from a rise in daily natural gas equivalent sales volume.
Per the agreement filed with the U.S. Securities and Exchange Commission, Valero (VLO) will acquire all of the partnership's outstanding shares at $42.25 per common unit.
On October 12–19, the United States Oil ETF (USO) and the United States 12-Month Oil ETF (USL) fell 2.6% and 1.8%, respectively. The ProShares Ultra Bloomberg Crude Oil ETF (UCO) fell 4.7%. These ETFs track US crude oil futures.
On October 20, Saudi Arabia admitted that US resident Jamal Khashoggi died during his visit to the Saudi consulate in Istanbul on October 2. The tension between the Western world and Riyadh might escalate. Previously, Saudi Arabia denied its involvement in the journalist’s disappearance.
Denbury Resources (DNR) closed at $5.27 in the latest trading session, marking a -1.22% move from the prior day.
The earnings season has begun, and the US upstream energy sector is expected to be among the top-performing US sectors in the third quarter.
On October 10–17, our list of oil-weighted stocks fell 4% compared to the 4.7% fall in US crude oil November futures. On average, our list of oil-weighted stocks outperformed US crude oil prices.
On October 17, US crude oil November futures fell 3% and closed at $69.75 per barrel—below $70 for the first time since September 18. Bearish inventory data might be behind the downside in oil prices.
A robust U.S. economy buoyed by a series of strong data released recently, solid labor market and strong earnings momentum will pave the way for long-term growth of stock markets.
W&T Offshore (WTI), a crude oil–weighted E&P (exploration and production) company focused on offshore drilling, was the weakest upstream stock last week. WTI plunged 18.8% at the end of the week.
On October 15, US crude oil November futures closed ~$2 above the November 2019 futures. On October 8, the futures spread was at a premium of ~$2.2. On October 8–15, US crude oil November futures fell 3.4%.
So far in this series, we’ve looked at Northern Oil & Gas (NOG), Denbury Resources (DNR), California Resources (CRC), W&T Offshore (WTI), Whiting Petroleum (WLL), and Penn Virginia (PVAC). In this article, we’ll focus on Viper Energy Partners (VNOM).
Denbury Resources (DNR), an exploration and production company involved in enhanced oil recovery, has seen a 440% stock gain from its 52-week low. The strength could be attributed to the company’s strong earnings growth—in the second quarter, its adjusted EBITDAX1 rose ~78% YoY (year-over-year) to $153 million from $86 million.
On October 5–12, the United States Oil ETF (USO) and the United States 12-Month Oil ETF (USL) both fell 3.6%. The ProShares Ultra Bloomberg Crude Oil ETF (UCO) fell 7.7%. These ETFs track US crude oil futures.
On October 5–12, upstream energy stock Marathon Oil (MRO) fell the most on our list of energy stocks, which also included the following and a few integrated energy stocks: the Energy Select Sector SPDR ETF (XLE) the Alerian MLP ETF (AMLP) the VanEck Vectors Oil Services ETF (OIH)
On October 5–12, US crude oil November futures fell 4% and closed at $71.34 per barrel on October 12. Bearish inventory data might have pulled oil prices in the last week.
NEW YORK, Oct. 15, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
In the latest trading session, Denbury Resources (DNR) closed at $5.74, marking a +1.95% move from the previous day.
On October 10, US crude oil November futures fell 2.4% and closed at $73.17 per barrel. Crude oil has struggled to settle above the $75 mark since October 4. In the last trading session, the S&P 500 Index (SPY) and the Dow Jones Industrial Average Index (DIA) fell 3.3% and 3.1%, respectively. On October 10, the Energy Select Sector SPDR ETF (XLE) fell 3.1%. Bearish sentiments might have led the broad fall in the market.
NEW YORK, NY / ACCESSWIRE / October 10, 2018 / Traders News Source, a leading independent equity research and corporate access firm focused on small and mid-cap public companies is issuing a comprehensive ...
Cimarex Energy (XEC), a Permian and Anadarko Basin focused exploration and production company, was the top upstream gainer in the week ending October 5. Cimarex Energy rose 6.7% last week. The gains could be attributed to gains in crude oil and natural gas prices. Natural gas formed ~43% of the total production in the second quarter, while ~29% was crude oil and ~28% was natural gas liquids. Overall, Cimarex Energy has lost 18.7% YTD, which could be attributed to sluggishness in natural gas prices.
On September 28–October 5, the United States Oil ETF (USO) rose 1.1%, the United States 12-Month Oil ETF (USL) rose 1.9%, and the ProShares Ultra Bloomberg Crude Oil ETF (UCO) rose 2.3%. These ETFs track US crude oil futures.
On September 28–October 5, US crude oil November futures rose 1.5% and closed at $74.34 per barrel on October 5—$2.1 below its multiyear closing high of $76.41 per barrel on October 3.
Denbury Resources (DNR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.