92.88 0.00 (0.00%)
After hours: 6:50PM EDT
|Bid||90.21 x 800|
|Ask||92.86 x 900|
|Day's Range||92.34 - 93.12|
|52 Week Range||82.04 - 133.53|
|Beta (3Y Monthly)||1.46|
|PE Ratio (TTM)||15.77|
|Earnings Date||May 1, 2019 - May 6, 2019|
|Forward Dividend & Yield||0.88 (0.96%)|
|1y Target Est||120.00|
UBS Raises Price Target for ConocoPhillipsUBS raises price target for ConocoPhillips Yesterday, UBS increased its price target for ConocoPhillips (COP) by $1 to $70. On March 5, Morgan Stanley increased it by $1 to $78. Of the 22 analysts tracking
The oil industry appears to be on board with federal regulations on methane, even if the current administration is rolling back current methane limits
EOG Resources (EOG) delivered earnings and revenue surprises of -7.46% and 1.84%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
Shale oil and gas in the U.S. is in the seventh inning of a nine-inning game, and production growth in the U.S. is due for deceleration in the next several years, the former CEO of Houston-based EOG Resources Inc. (NYSE: EOG) says. Mark Papa, now the chairman and CEO of Colorado-based Centennial Resource Development Inc. (Nasdaq: CDEV) was on the front lines of the shale revolution as the top executive of EOG until 2013.
EOG Resources Inc NYSE:EOGView full report here! Summary * Perception of the company's creditworthiness is neutral * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for EOG with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting EOG. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold EOG had net inflows of $2.67 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. EOG credit default swap spreads are decreasing, indicating some improvement in the market's perception of the company's credit worthiness. Additionally, they are within the middle of the range set over the last three years.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
The Zacks Analyst Blog Highlights: Apache, Anadarko Petroleum, EOG Resources, BP and Royal Dutch Shell
The dinner Monday night included "a friendly conversation on current industry issues and the immediate prospects and challenges for all," OPEC Secretary General Mohammad Barkindo said in an interview after the meal. "We are not keeping oil prices at any level -- we just keep stability in the oil market," Barkindo said. Since the last meeting, OPEC has been forced to curtail production to prop up oil prices, which slumped in late 2018.
Norway's $1 trillion sovereign wealth fund maintained that the decision was prompted by financial considerations and is not an ethical drive.
Oslo heats half of its buildings with rubbish, not hydrocarbons. It even imports garbage for this purpose. Now the country’s $1tn sovereign wealth fund is binning some of its oil investments. The Government ...
Today, we’re looking at a U.S. oil basin that we talk extensively about in our sand market reports and is back in the spotlight of oil and gas media: the Permian. Two of the largest oil companies in the world announced major, ambitious goals for the Permian basin, which involve producing more oil each than the majority of OPEC nations produce. Production growth seems to continuously defy expectations.
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll show how you can use EOG Resources, Inc.'s (NYSE:EOG) P/ERead More...
The Eagle Ford's top oil producer said it's looking to explore other oil and gas plays in the face of a possible growth slowdown in the South Texas play.
After selling off in morning trade, U.S. stocks are trying buoy back in the afternoon session. So far, they're doing a pretty good job of rallying off the lows. Let's look at a few top stock trades to get a better idea of what's going on under the surface. Top Stock Trades for Tomorrow 1: Best BuyShares of Best Buy (NYSE:BBY) are surging higher on Wednesday, up more than 16% after the company beat on fourth-quarter earnings and revenue expectations. Now what?InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe stock's massive move is impressive, but investors can't give up their hard-earnings gains in this one. Short-term investors may consider booking some profits on this big-time breakout over $60. * 7 IPOs to Get Excited for in 2019 Now up at $70, bulls who stay long may consider using the 200-day moving average or Wednesday's low as their stop-loss. At the very least, I wouldn't want to see BBY close below $66. This has been a key area over the past 12 months and a close below would signal an issue.A move to the $75 area could be in the cards if Best Buy can digest this big rally and continue higher. Top Stock Trades for Tomorrow 2: Campbell SoupAfter a top- and bottom-line earnings beat, shares of Campbell Soup (NYSE:CPB) are heating up, rallying 9% Wednesday. That's giving investors something to smile about amid the stock's multi-year rout.Shares have been trapped in a nasty downtrend that's still weighing on the stock price. At this point, downtrend resistance (blue line) and the 200-day moving average are working together against the bulls, making $37.25 a vital area for CPB. A close above that mark and it could put an end to the downtrend and trigger an even larger move. However, if CPB can't get above this area, then the downtrend still has staying power.Red flags will start to go up if CPB closes below the 50-day and 21-day moving averages. This puts the $32 support level back on the table and while it may not give way on the next test, it will deal another blow to CPB's weakening chart and increase the odds of it failing in the future.In short order: watch $37.25. If downtrend resistance keeps CPB in check, look to see how the 50-day holds as support. If it does, bulls may try to retest resistance down the road. Should it give way, the bears are still in control and will be gunning for a break of $32. Top Stock Trades for Tomorrow 3: Advanced Micro DevicesReady for short and sweet? Advanced Micro Devices (NASDAQ:AMD) continues to move really well.Shares are in a month-long uptrend, the 21-day moving average is support and $25 is resistance. Look for a retest of $25 and possible breakout above. Below uptrend support/21-day moving average and AMD needs to reset. Top Stock Trades for Tomorrow 4: EOG ResourcesMoving higher on Wednesday is EOG Resources (NYSE:EOG), up over 3.5% despite the company missing on earnings. With shares rallying on what is a bad headline, that may bode well for bulls going forward. Especially with the tightening trading range that EOG is in.Over $92.50 and bulls definitely have a case for being long EOG. If it can push through this $97.50 to $100 area, it could spark a larger move higher, perhaps to the 200-day at $111. If it falls below $92.50, bulls may want to clear out. EOG will then be below the 21-day and 50-day moving averages, its post-earnings low and uptrend support. Top Stock Trades for Tomorrow 5: MercadoLibreShares of MercadoLibre (NASDAQ:MELI) are surging on Wednesday, up 17.5% after the company beat on earnings and revenue expectations.While off its highs a bit, the stock is still breaking out impressively on the day. At this point, I would love to see MELI consolidate over its prior highs near $415. If it can work off some of Wednesday's big move and hold over this prior mark, it will paint quite the bullish picture. * 7 Consumer Stocks to Buy and Hold for Years It will also give bulls a very attractive risk/reward long setup.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AMD. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Consumer Stocks to Buy and Hold for Years * 4 China Stocks Soaring on Trade Hopes * 3 Esports Stocks to Benefit From the Boom Compare Brokers The post 5 Top Stock Trades for Thursday: BBY, MELI, CPB, AMD appeared first on InvestorPlace.
U.S. equities are dealing with an avalanche of headline risk on Wednesday, including everything from an exchange of fire between Pakistan and India, a Hanoi-based summit between U.S. President Donald Trump and North Korean leader Kim Jong Un, and Michael Cohen's testimony in Congress. Federal Reserve Board Chair Jerome Powell speaks before the House as well.Stocks are looking vulnerable to a pullback here, with the S&P 500 stalling at major overhead resistance levels. Yesterday, I covered four large caps that could be vulnerable to a pullback here …Today, I want to focus on the potential for a positive outcome: A breakout higher that sets up a run at prior highs not seen in more than a year.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Blue-Chip Stocks to Lead the Market If such a move develops, watch for the energy sector to be among the leaders as a number of issues are rallying higher. Here are four to watch: EOG Resources (EOG) Click to Enlarge EOG Resources (NYSE:EOG) shares are bouncing off of their 50-day moving average and making a run at the upper end of its two-month resistance range.Watch for a move to the 200-day moving average, which would be worth a 10%-plus move from here, as management ramps up production in response to a rally in crude oil.The company will next report results on May 28 after the close. When the company last reported on Feb. 26, earnings of $1.24 missed estimates by 12 cents per share oil a 36.9% rise in revenues. Exxon Mobil (XOM) Click to Enlarge Shares of Exxon Mobil (NYSE:XOM) have already crossed back over their 200-day moving average and are challenging the highs set back in November and December.With energy prices rallying, analysts at Macquarie upgraded shares from neutral to buy on Feb. 14. Before that, Cowen analysts issued a positive note highlighting high-profit margin growth.The company will next report results on April 26 before the bell. Analysts are looking for earnings of 91 cents per share on revenues of $66.2 billion. * 7 Consumer Stocks to Buy and Hold for Years When the company last reported on Feb. 1, earnings of $1.44 per share beat estimates by 35 cents per share on an 8.1% rise in revenues. Chevron Corporation (CVX) Click to Enlarge Chevron (NYSE:CVX) shares are also making a run at recent highs, within a hair of challenging the October levels near $124 and the January 2018 highs near $128.Easier this month, the company authorized a new $25 billion share buyback program. UBS analysts upgraded shares back on January to buy.The company will next report results on April 26 before the bell. Analysts are looking for earnings of $1.51 per share on revenues of $37.8 billion.When the company last reported on Feb. 1, earnings of $1.95 per share beat estimates by six cents on a 12.6% rise in revenues. Hess (HES) Click to Enlarge Independent oil and gas producer Hess (NYSE:HES) is enjoying a share price rally to its 200-day moving average, marking a rally of nearly 70% off of the lows seen in late December to return to levels seen in October.An extension to prior highs set in early October would be worth a gain of 20% from here.The company will next report results on April 24 before the bell. Analysts are looking for a loss of 31 cents per share on revenues of $1.5 billion. * 5 Real Estate Stocks to Buy for Dividend Income When the company last reported on Jan. 30, a loss of 31 cents per share beat estimates by seven cents on a 30.3% rise in revenues.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 * 7 Consumer Stocks to Buy and Hold for Years * 4 China Stocks Soaring on Trade Hopes * 3 Esports Stocks to Benefit From the Boom Compare Brokers The post 4 Oil and Gas Stocks That Are In Breakout Position appeared first on InvestorPlace.
It has cut cash costs per barrel of oil equivalent by 17 percent since 2014, notably embracing oil-field digitalization before it became fashionable. Given the oil rally so far in 2019, that fear may not be pronounced right now.