|Bid||103.41 x 900|
|Ask||104.38 x 1100|
|Day's Range||101.52 - 104.29|
|52 Week Range||82.04 - 133.53|
|Beta (3Y Monthly)||1.41|
|PE Ratio (TTM)||17.63|
|Earnings Date||May 2, 2019|
|Forward Dividend & Yield||0.88 (0.92%)|
|1y Target Est||118.95|
What to Expect from ConocoPhillips' Q1 Earnings(Continued from Prior Part)ConocoPhillips On April 12, Morgan Stanley increased its target price for ConocoPhillips (COP) by $5 to $83. On March 21, Simmons changed its rating on ConocoPhillips from
Moody's Investors Service (Moody's) assigned a Ba3 Corporate Family Rating (CFR) and a b2 Baseline Credit Assessment (BCA) to Trinidad Petroleum Holdings Limited (Trinidad Holdings). Simultaneously, Moody's assigned a Ba3 rating to Trinidad Holding's proposed up to $425 million in guaranteed senior secured notes and a Ba3 rating to the company's proposed senior secured term loan.
Moody's Investors Service ("Moody's") upgraded EOG Resources, Inc. (EOG) senior unsecured debt ratings to A3 from Baa1. Moody's also affirmed EOG's short term ratings at P-2. "The upgrade of EOG's ratings into the A category recognizes the company's high capital productivity, backed by operating excellence and a long life high quality asset base, that will continue to underpin its strong credit profile amid a number of oil price scenarios," commented Elena Nadtotchi, Moody's Vice President - Senior Credit Officer.
EOG Resources, Inc.'s (NYSE:EOG) most recent earnings announcement in December 2018 suggested that the business benefited from a robust tailwind...
Dean Foods Company (NYSE:DF), Pioneer Natural Resources Company (NYSE:PXD), Noble Energy, Inc. (NYSE:NBL), EOG Resources Inc (NYSE:EOG), and Parsley Energy Inc (NYSE:PE) are each in the spotlight for various reasons. Due to the developments that occurred, traders will also be watching each stock more closely in the future. In this article, let's find out why each stock has probably been […]
It’s a shale party on Wall Street, and everyone’s invited. A host of American shale oil producers saw their shares spike on Friday after Chevron announced it agreed to buy Anadarko Petroleum in a $50bn ...
Though no asking price is listed online, the property was last assessed for $135 million by the Bexar County Appraisal District.
EOG Resources (EOG) is seeing positive earnings estimate revisions suggesting that it could be a solid choice for investors.
Oil prices continue to rally, but not all is well in the U.S. shale patch as drillers are facing both operational issues and have laid off hundreds of people
Oil prices have hit a five month high as bullish sentiment continues to grow on the back of violence in Libya and banks hiking their pricing forecasts
The South Texas Drilling Permit Roundup is a weekly review of new drilling permit applications filed with the Railroad Commission of Texas for the 33-county area that encompasses the Eagle Ford Shale and surrounds Bexar County.
U.S. equities are extending their breakout move -- with the Dow Jones Industrial Average extending above the 26,000 level -- pushing closer to the prior record highs set back in October.Optimism surrounds the ongoing U.S.-China trade discussion, with President Trump hinting that an agreement could be forthcoming in a matter of weeks, removing the other major worry aside from Federal Reserve tightening that spooked the market late last year. And we know just how obviously the Fed has turned tail and become super dovish in recent months.The economic data has been good as well with manufacturing activity out of China perking up and the March U.S. jobs report coming in solid.InvestorPlace - Stock Market News, Stock Advice & Trading TipsEnergy stocks are leading the way higher as crude oil prices keep elevating ahead of the start of the summer driving season. West Texas Intermediate crude has pushed up and over its 200-day moving average and is nearing the $63-a-barrel threshold for the first time since November. * 10 Dangerous Dividend Stocks to Avoid A number of cheaper, smaller names in the space are looking ready for big moves higher. Here are seven energy stocks to watch: EOG Resources (EOG) Click to EnlargeShares of EOG Resources (NYSE:EOG) are moving back to challenge overhead resistance near $100 that has been in play since January. A breakout here would set up a run at the November/December highs and the 200-day moving average, which would be worth a gain of more than 10% from here. The company was recently upgraded by analysts at Tudor Pickering.The company will next report results on May 3 after the close. Analysts are looking for earnings of 99 cents per share on revenues of $4.1 billion. When the company last reported on Feb. 26, earnings of $1.24 per share missed estimates by 12 cents on a 36.9% rise in revenues. Shares trade at a reasonable 15x forward price-to-earnings multiple. Occidental Petroleum (OXY) Click to EnlargeShares of Occidental Petroleum (NYSE:OXY) are exiting a tight year-to-date consolidation range to return to levels not seen since early December. Watch for another test of the 200-day moving average, which proved insurmountable back in November, but would be worth at least a near-5% gain from here. Management recently noted plans to double crude exports to 600,000 barrels per day by 2020. * 10 Best Stocks for 2019: The Race Is On The company will next report results on May 14 after the close. Analysts are looking for earnings of 76 cents per share on revenues of more than $4.1 billion. When the company last reported on Feb. 12, earnings of $1.22 beat estimates by 6 cents on a 33.8% rise in revenues. Shares trade at a reasonable 15x forward price-to-earnings multiple. Anadarko Petroleum (APC) Click to EnlargeShares of Anadarko Petroleum (NYSE:APC) are rounding up in what looks like the end of a long downtrend going back to July 2018. Watch for a test of the 200-day moving average, which would be worth a gain of roughly 20% from here. Analysts at Citigroup recently resumed coverage on the stock with a buy rating.The company will next report results on May 7 after the close. Analysts are looking for earnings of 25 cents per share on revenues of $2.9 billion. When the company last reported on Feb. 5, earnings of 38 cents per share missed estimates by 24 cents on a 14.3% rise in revenues. Shares trade at a 17x forward price-to-earnings multiple. Apache Corp (APA) Click to EnlargeShares of Apache Corp (NYSE:APA) are continuing to rise within the uptrend channel established in December, challenging its November highs. Investors are continuing to react to the solid capital budget and production outlook management released in early February. * 7 High-Risk Stocks With Big Potential Rewards The company will next report results on May 29 after the close. Analysts are looking for earnings of 8 cents per share on revenues of $1.6 billion. When the company last reported on Feb. 27, earnings of 31 cents per share beat estimates by 4 cents on an 11.3% rise in revenues. Shares look a bit pricey on an earnings basis, but look good on a price-to-sales metric trading at 1.7x. Hess (HES) Click to EnlargeHess (NYSE:HES) shares are among the most extended here, already above their 200-day moving average and returning to October's trading levels. But there is likely more upside to come, with a return to the prior high worth a gain of more than 17% from here.The company will next report results on April 25 before the bell. Analysts are looking for a loss of 24 cents per share on revenues of $1.6 billion. When the company last reported on Jan. 30, a loss of 31 cents per share beat estimates by 7 cents on a 30.3% rise in revenues. Shares look a bit pricey on a valuation basis, but price momentum suggests things aren't overdone just yet. Marathon Oil (MRO) Click to EnlargeShares of Marathon Oil (NYSE:MRO) are battling with the highs set in March, attempting to break free of a multi-month consolidation range. The company is selling its U.K. businesses for roughly $140 million as management focuses 95% of its 2019 capital budget on four key U.S. resource plays. * 7 A-Rated Healthcare Stocks for Industry Expansion The company will next report results on May 15 after the close. Analysts are looking for earnings of 7 cents per share on revenues of $1.2 billion. When the company last reported on Feb. 13, earnings of 15 cents per share beat estimates by a penny on a 27.7% rise in revenues. Shares trade at a price-to-earnings multiple of just 13.2x. Devon Energy (DVN) Click to EnlargeShares of Devon Energy (NYSE:DVN) are pushing higher, also within the confines of a multi-month consolidation range, and are nearing resistance from both their 200-day moving average and their November highs. Watch for a breakout here, despite a recent downgrade from analysts at RBC Capital Markets, as higher energy prices provide a tailwind for the entire sector.The company will next report results on April 30 after the close. Analysts are looking for earnings of 27 cents on revenues of $2 billion. When the company last reported on Feb. 19, earnings of 10 cents per share missed estimates by 23 cents on revenues of $2.7 billion. Shares trade at a forward price-to-earnings multiple of 13x.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Data Center Buys That Deliver Sizable Income * 7 High-Risk Stocks With Big Potential Rewards * 3 Marijuana Stocks to Watch as New York, New Jersey Delay Legalization Compare Brokers The post 7 Cheap Energy Stocks to Buy Now appeared first on InvestorPlace.
U.S. shale producers last year again spent more money than they collected, extending a years-long streak of putting oil output above cash flow and investor returns, according to a Reuters analysis of top independent producers. Total overspending by the group was $6.69 billion in 2018, according to Morningstar data provided to Reuters by the Sightline Institute and the Institute for Energy Economics and Financial Analysis. While total overspending was down slightly from a year earlier, stock prices in the sector have slid at a time when U.S. share prices in general have posted strong gains.
The South Texas Drilling Permit Roundup is a weekly review of new drilling permit applications filed with the Railroad Commission of Texas for the 33-county area that encompasses the Eagle Ford Shale and surrounds Bexar County.
Crude oil prices rose Friday to cap their biggest quarterly gains in a decade amid OPEC supply cuts and Venezuela sanctions.
Editor's note: This column is part of our Best Stocks for 2019 contest. Neil George's pick for the contest is Viper Energy Partners (NASDAQ:VNOM).The InvestorPlace stock picking contest for 2019 is a showcase of ideas from the collection of editors and contributors. And it also demonstrates the process each different person uses to come up with a company.My recommendation is for Viper Energy Partners (NASDAQ:VNOM), which year to date is up in price by 27.7%. And with its dividend yielding 6.1%, the total return to date is over 29%. This compares to the price gain of the S&P 500 Index of 12.8% and a total return of 13.4%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsViper Energy Compared to the S&P 500 Index Total Return Source BloombergThis contest isn't about throwing darts but showcasing how ideas are generated and why. And in the process, throughout the rest of the year, you'll get a better feel for how each of us work.At Profitable Investing, one of my core mechanisms for finding the best stocks for growth and income is finding economic, market or even social or political developments that will spur more demand for specific goods and services. * 10 Tech Stocks That Transformed Their Business I do this by consuming a great deal of news from numerous daily papers, constant streaming of BBC World Service and Bloomberg Television, subscribing to many industry and professional journals and, of course, being glued to my Bloomberg Terminal with all of its analytical and data tools.When I find some developments that support more demand, I drill down and find the companies that are best focused to capitalize on that pending new demand. Then I identify the leaders and vet them to find the best of the best. I go through those to determine which will be sales growth leaders while watching for those with the best and most improving margins. After that, I ask what will go wrong to dampen future sales or result in higher costs. And I run what ifs to see how they will cope with challenges. And finally, I put my banker hat on and look at the debts of the companies.At the end of this process I determine if I would lend to this company. And if not, then I have no business recommending it as a buy for you.Viper Energy ticks all the boxes in a market with positive developments. And as a landlord of the petroleum market -- it is a unique company in that it doesn't drill or operate oil and gas equipment -- only collecting lease income and royalty payments.Read on to see how and why I recommend the company and its stock. Petrol is PowerfulPetrol is a big part of the U.S. and global economy, and that's why we have a collection of up, down and midstream petroleum companies inside the model portfolios of Profitable Investing. And like most market segments, the market for petroleum and the underlying companies and their stocks never moves in a continuous straight line.But as I've been writing in Profitable Investing this year and over the past year, there are some major overriding developments that favor profitability for US petroleum companies. And to start, all it takes is to look at price of U.S. West Texas Intermediate (WTI) crude oil. Since 2016, the market for U.S. crude oil has gone from a low of $35.70 to a current level of $60.01 a barrel for a gain of 68.1%.US WTI Crude Oil Price Source BloombergThe price, of course, was higher in October, but with the sell-off in the general stock market, oil slipped to a near term low on Dec. 24 -- corresponding to the lows in many of the stock market indexes.But like for stocks, the realities of a growing U.S. economy and profitability of U.S. oil companies at even lower crude prices has been supporting the underlying market. And note, as I've written, the much lower crude oil prices five years and more ago worked to drive U.S. producers and related companies to increase technology in the fields to drive down lift costs for crude. This means that U.S. companies can pump crude at lower costs so that margins at sale can be positive even with lower market prices.This had been leading to a continued upward march in U.S. production, which since 2016 has soared by more than 33%.US Crude Oil Production Keeps Climbing Source BloombergAnd according to the U.S. Energy Information Administration (EIA), this continued climb in production should result in that the US will be a net oil exporter by 2021.Adding to the positive market developments are that the Organization of Petroleum Exporting Countries plus Russia and other nations (OPEC+) continue to largely adhere to production cuts, resulting in the proven data from shipping records of December 2018 showing production cuts of 1.2 million barrels per day (MBPD), with only Russia and Iraq showing some slippage in their cuts. More Crude on the MoveWhat has been a limitation for U.S. crude has been domestic stockpiles of stored crude. One of the big limitations has been the infrastructure to move crude to refineries and marine terminals for export. But as I've been writing, the approval process for additional pipeline capacity has been stepped up with pipeline companies continuing to add capacity to move stuck crude to the market.This now is showing up with the dramatic drop in U.S. stockpiles of crude as tracked by the EIA. The stockpiles are now down to lows not seen since last June and may well head lower with the further developments in transportation.US Crude Stockpiles Down West Texas WTI Up Source EIA, BloombergThis drawdown in stockpiles is showing up in the export market. And what is particularly interesting is how much more U.S. crude is being shipped to Europe. Over the past five years, U.S. crude exports have gone from zero to nearly 1.4 billion barrels according to records from the U.S. Census Department.US Crude Exports to Europe Source US Census, BloombergThis surge in U.S. crude in Europe is now driving the price of European crude prices. For North Sea crude prices set at ports in the Netherlands, Argus Media (Private), a business intelligence analytics company, is stating that one third of the time, U.S. crude imports in Europe are driving the prices for European crude oil.That puts U.S. producers further on the way to narrowing the price discount of WTI in the U.S. to the higher Brent crude prices. And this in turn, should help to increase the margins for U.S. producers and related companies. Globe Takes More than MakesNow, OPEC+ isn't going to limit production forever. However, there are some reasons to see limits in their capacity to bring significantly more crude oil to the market. First, Iran remains under U.S. sanctions with no daylight in negotiations in sight. And waivers are running out, particularly with more availability of U.S.-exported oil such as what is now surging to Europe and noted above.In addition, even if other major former producers get sorted out politically -- they will take years to get back into the oil business. This includes the imploding nation of Venezuela, the broken-apart Libya as well as the very unsettled West African nations including Nigeria.Second, as I wrote in the September Issue, Saudi Arabia and Russia are both post peak in production with the major fields in Saudi Arabia being drained with dropping reserves.Meanwhile, the globe's demand for crude oil remains firmly on the ascent. And even with rising U.S. production and exports, there continues to be shortfalls in supply against global consumption of crude oil. The EIA tracks overall supply and consumption and as the graph shows -- consumption keeps peaking over supply on an ongoing basis over the past many years.And add in the U.S. drop in stockpiles -- and the supply and demand statistics favor supported crude oil prices.Global Oil Supply (White) Global Oil Consumption (Gold) Source EIA Bloomberg My Permian PlayThere are many companies, from upstream producers through midstream pipelines and downstream refiners, that are benefiting from the petroleum market developments that are underway.But the company that is right at the source of all of this additional U.S. production of oil and gas is Viper Energy, which I hold in one of the model portfolios of Profitable Investing.Viper Energy is the leading landlord of the petroleum patch primarily in the Permian Basin which is at the center of the shale oil development in the U.S. market. As a landlord, the company doesn't drill or operate a single well -- but instead, leases out its land for exploration and development companies (E&P) for fee income and royalties on the oil and gas that gets pumped out of its land.This means little capital is needed beyond the land. And it means that the company doesn't have to worry as much about the price fluctuations in oil and gas for its operations. But of course, the higher the price of crude and the higher the price for natural gas -- the higher in royalties and the higher the income.It has a large collection of operators on its land including Devon Energy (NYSE:DVN), BP (NYSE:BP), XTO Energy, EOG Resources (NYSE:EOG), ConocoPhillips (NYSE:COP), Occidental Petroleum (NYSE:OXY), Anadarko Petroleum (NYSE:APC) and many others. Each and all continue to develop leased properties.Since coming to the public market in 2014 through a drop-down of assets from Diamondback Energy (NASDAQ:FANG) in which it took land assets and set up Viper to manage and own the properties while taking and keeping an ownership stake in the company, the proven developed reserves of petroleum have climbed by 764%. And royalty income per acre of its land has grown by 368%.Overall oil and gas produced on Viper's land was up 63% in 2018. And the company is projecting that on an organic basis (meaning existing land statistics and not counting additional land and land development that production will climb at least by 24% for 2019.In addition, Viper completed an extra share sale this year. That additional cash is going to expand its land properties. And with Diamondback having much more land it its existing assets -- there is more room for a further drop down for more productive petroleum land in its portfolio. This will mean more growth potential for leases and royalty income. Venom Stock for Better ReturnsTotal Return for Viper Energy Source BloombergViper Energy has been a good performer. Over the trailing year, the stock has generated a total return of over 58%, including its ample and rising dividend. And this even includes the slip with the general stock market in the fourth quarter of last year.But since Dec. 24, 2018 to date, Viper has soared by 46% reflecting the realities of the economy and the market for high and rising royalty income from its leased lands. VNOM Stock by the NumbersViper, as noted above, is working well as a landlord. Revenues for the trailing year are up by 67.90%. And since it doesn't drill or pump oil -- its operating margin is a whopping 70.30%. This in turn drives a great return on shareholders' equity of 20.60%. It has gobs of cash and its debts are at a minimal 24.8% of its valuable assets so its credit is very good.Then we come to that nice dividend. The current distribution is at 51 cents which has been climbing over the last three years by an average annual gain of 37.32%. That distribution equates to a yield of 6.19%. And in recent tax filings, even though Viper changed from a passthrough to a taxable entity effective on May 10, 2018 the dividends paid on August 20 and November 19, 2018 have been deemed as return of capital.The stock has been performing and paying well. And yet, the shares are reasonably valued with a price to book at nearly 3.19 times. This is down from over 4.5 times book seen earlier last year. And more important, the underlying book value per share has climbed over the past year by 36.36% meaning that the underlying value of the book of assets is up and growing and not just the stock price.Now that the additional shares have been placed in the market successfully, the stock makes for a continued good buy for growth and income under $38.00 per share.Neil George is the editor of Profitable Investing and does not have any holdings in the securities mentioned above. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Genomic Testing Stocks That Can Ease the Sting of Theranos * 4 Pot Stocks That Could Be Fizzling Out * 7 Mid-Cap Growth Stocks That Could Be the Next Amazon or Netflix Compare Brokers The post Best Stocks for 2019: Viper Energy Stock Has Fangs appeared first on InvestorPlace.
Analysts' Latest Price Target and Recommendations for HessAnalysts’ recommendations Based on Reuters data, among the 25 analysts tracking Hess Corporation (HES), 44% have given it “holds,” 48% have given it “buys,” and 8% have given it