|Bid||2.10 x 47300|
|Ask||2.30 x 1200|
|Day's Range||2.14 - 2.37|
|52 Week Range||1.53 - 6.75|
|Beta (3Y Monthly)||5.03|
|PE Ratio (TTM)||3.60|
|Earnings Date||Nov 5, 2018 - Nov 9, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.56|
On November 19, US crude oil January 2019 futures closed ~$0.7 below the January 2020 futures. On November 12, the futures spread was at a discount of ~$1.4. Between November 12–19, US crude oil January futures fell 4.8%.
On November 12–19, upstream stock EP Energy (EPE) fell the most on our list of upstream energy stocks. On November 7, EP Energy announced its third-quarter earnings results. The company reported an adjusted loss of $0.04 per share—compared to analysts’ consensus estimates for an EPS of $0.01. Since the earnings results, the stock has declined 33.6%.
On November 9–16, the United States Oil ETF (USO) and the United States 12-Month Oil ETF (USL) fell 5% and 5.4%, respectively. The ProShares Ultra Bloomberg Crude Oil ETF (UCO) fell 10.4%. These ETFs track US crude oil futures.
On November 9–16, oilfield services stock Nabors Industries (NBR) fell the most on our list of energy stocks. In fact, the VanEck Vectors Oil Services ETF (OIH) fell 5.1%—the most among major energy subsector ETFs, which we discussed in Part 2 of this series.
On November 19, Russia said that it might enter a partnership with OPEC on December 6. The partnership might bring relief to energy investors amid lower oil prices this month. So far, US crude oil prices were 25.8% lower than their multiyear high of $76.41 per barrel on October 3. Last week, the news of a possible production cut limited oil’s fall.
13Ds are filed with the Securities and Exchange Commission within 10 days of an entity’s attaining a greater than 5% position in any class of a company’s securities.
STOCKSTOWATCHTODAY BLOG Natural-gas bulls and crude-oil bulls will likely be at odds. It’s not a mere coincidence that gas futures prices climbed sky-high just as crude futures were free-falling. Natural-gas futures for December delivery have declined sharply Thursday, after climbing 18% on Wednesday, the largest one-day percentage gains since September 2004.
On November 14, US crude oil December futures rose 1% and closed at $56.25 per barrel. News of OPEC’s rescue plan might have helped US crude oil prices end the three-day losing streak.
News that OPEC could take action to cut oil supply sent crude prices higher, and that has investors looking favorably on Denbury. But a single day's move won't make or break the oil producer's prospects.
In the week ending on November 2, US crude oil inventories were 3% 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 following chart. If the inventories spread expands more into the 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.
On November 12, US crude oil December futures closed ~$1.6 below the December 2019 futures. On November 5, the futures spread was at a discount of ~$0.55. On November 5–12, US crude oil December futures fell 5%.
PLANO, Texas, Nov. 12, 2018 -- Denbury Resources Inc. (NYSE: DNR) (“Denbury” or the “Company”) today announced that Chris Kendall, President and Chief Executive Officer, will.
On November 2–9, upstream stock EP Energy (EPE) fell the most on our list of upstream energy stocks. However, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) rose 0.6%—the lowest gainer among the major energy ETFs that we discussed in Part 1. On November 7, EP Energy announced its third-quarter earnings results. The company reported an adjusted loss of $0.04 per share—compared to analysts’ consensus estimates for an income of $0.01 per share.
On November 2–9, the United States Oil ETF (USO) and the United States 12-Month Oil ETF (USL) fell 4.6% and 3.8%, respectively. The ProShares Ultra Bloomberg Crude Oil ETF (UCO) fell 9%. These ETFs track US crude oil futures.
On November 2–9, US crude oil December futures fell 4.7% and closed at $60.19 per barrel on November 9—the lowest closing level for active US crude oil futures since March 3. US crude oil December futures fell due to rising oversupply concerns. Last week, US crude oil prices recorded the fifth consecutive weekly decline—the second-longest streak of weekly declines in 2018.
On November 7, US crude oil December futures fell 0.9% and closed at $61.67 per barrel—the lowest closing level for active US crude oil futures since March 15. On the same day, US crude oil inventories rose by 5.8 MMbbls (million barrels) for the week ending November 2. The increase might have caused US crude oil’s fall apart from rising supply concerns. A Reuters poll indicated a rise of 2.43 MMbbls in US crude oil inventories.
Denbury Resources (DNR) delivered earnings and revenue surprises of 18.18% and 10.57%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Plano, Texas-based company said it had profit of 17 cents. Earnings, adjusted for non-recurring gains, came to 13 cents per share. The results exceeded Wall Street expectations. ...
PLANO, Texas, Nov. 08, 2018 -- Denbury Resources Inc. (NYSE: DNR) (“Denbury” or the “Company”) today announced net income of $78 million, or $0.17 per diluted share, for the.