|Bid||6.190 x 4000|
|Ask||6.200 x 2200|
|Day's Range||6.151 - 6.386|
|52 Week Range||1.040 - 6.386|
|PE Ratio (TTM)||13.45|
|Earnings Date||Nov 5, 2018 - Nov 9, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.01|
Since W&T Offshore's (WTI) production comprises 50% oil, the company is well positioned to capitalize on the massive recovery in the crude pricing environment.
Denbury Resources (DNR) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Between September 14 and 21, the United States Oil ETF (USO) rose 3.2%, the United States 12-Month Oil ETF (USL) rose 2%, and the ProShares Ultra Bloomberg Crude Oil ETF (UCO) rose 6.2%. These ETFs track US crude oil futures.
Between September 14 and 21, US crude oil November futures rose 2.9% and closed at $70.78 per barrel. In September, US crude oil active futures have risen 1.4% after rising 1.5% in August. The US dollar’s fall, as well as the OPEC–non-OPEC meeting, may have boosted oil prices. Gasoline inventories’ significant fall may have been behind WTI’s outperformance of Brent oil.
Wildhorse's (WRD) sharp focus on the prolific Eagle ford shale skyrockets output growth of the company by 107% year over year in the second quarter of 2018.
The volumes of natural gas being transported by TC PipeLines' (TCP) midstream assets meet roughly 13% of domestic demand for the commodity.
The Zacks Analyst Blog Highlights: Plains GP Holdings, CNX Resources, Northern Oil and Gas, Denbury Resources and Exterran
On September 19, US crude oil November futures rose 1.7% and closed at $70.77 per barrel—the highest closing level for active US crude oil futures since July 13. In the last trading session, the S&P 500 Index (SPY) and the Dow Jones Industrial Average Index (DIA) rose 0.1% and 0.6%, respectively.
Given that the production mix of SilverBow (SBOW) comprises 86% natural gas, the company is well placed to capitalize on the favorable business scenario.
Capital Research bought 2.1 million more shares of Hasbro between June 30 and Aug. 31, raising its stake to 12.7 million shares, a 10.0% stake in the maker of Nerf, My Little Pony, Play-Doh and Monopoly. It remains the second-largest Hasbro holder and is now just 100,000 shares short of the top holder, Vanguard Group, according to Morningstar.
Capital Research and Management, the investment advisor to the American Funds, the largest active stock-fund manager, recently raised its holdings in toy maker Hasbro and upscale home-furnishings retailer Wiliams-Sonoma. Capital Research bought 2.1 million more shares of (HAS) (HAS) between June 30 and Aug. 31, raising its stake to 12.7 million shares, a 10.0% stake in the maker of Nerf, My Little Pony, Play-Doh and Monopoly. It remains the second-largest Hasbro holder and is now just 100,000 shares short of the top holder, Vanguard Group, according to Morningstar.
With crude prices picking up steam, this is the perfect time to indulge in some energy stocks to make sure your portfolio is perfectly oiled up!
U.S. shale producers are locking in prices for their production as much as three years into the future in a sign that strong domestic crude pricing is nearing a peak, according to market sources familiar with money flows. "Hedging activity has picked up considerably over recent weeks and this will continue to be the case as producers begin to frame budgets for next year," said Michael Tran, commodity strategist at RBC Capital Markets, noting the rally in forward prices are encouraging the producer bets. Hedging can reduce risks associated with volatility in oil prices, acting as an insurance contract to lock in a future selling price and fix spending plans.
In June 2018, Denbury Resources Inc (NYSE:DNR) released its earnings update. Generally, analyst consensus outlook appear cautiously optimistic, with profits predicted to increase by 42.0% next year against the pastRead More...
Moody's Liquidity-Stress Indicator (LSI) was unchanged at 3.2% in August after rising from a record low of 2.5% in April to an 11-month high in July, the rating agency says in its most recent edition of SGL Monitor. Moody's Liquidity-Stress Indicator falls when corporate liquidity appears to improve and rises when it appears to weaken. "A growing US economy, healthy corporate earnings and cash flow, and accommodating credit markets continue to support speculative-grade companies' overall good liquidity," said John Puchalla, a Moody's Senior Vice President.
Between August 31 and September 7, US crude oil October futures fell 2.9% and closed at $67.75 per barrel on September 7. In September so far, US crude oil active futures have fallen 2.9% compared to their rise of 1.5% in August.
Penn Virginia (PVAC), a pure play Eagle Ford basin focused upstream company, was the lowest-performing exploration and production company in the week ending September 7. PVAC fell 16.3% last week amid weakness in crude oil and natural gas prices. Moreover, the sharp decline in PVAC could be attributed to concerns about the impact of hurricanes on production in the Gulf Coast.
On September 6, US crude oil’s implied volatility was 24%, which is ~3.9% above its 15-day average. The inverse relationship between oil prices and oil’s implied volatility is illustrated in the following graph. Since reaching a 12-year low in February 2016, US crude oil active futures have risen 158.6%. Crude oil’s implied volatility has fallen ~68.1% since February 11, 2016.