|Bid||129.7300 x 1400|
|Ask||129.9300 x 900|
|Day's Range||128.1650 - 131.0100|
|52 Week Range||85.7300 - 138.2500|
|PE Ratio (TTM)||25.29|
|Earnings Date||Jul 30, 2018 - Aug 3, 2018|
|Forward Dividend & Yield||0.50 (0.37%)|
|1y Target Est||163.22|
WTI (West Texas Intermediate) is the US benchmark for crude oil trading on the NYMEX (New York Mercantile Exchange). WTI is priced at Cushing, Oklahoma, which is the point of delivery for crude oil futures contracts trading on the NYMEX. WTI Midland is the price of crude oil at the Permian Basin.
On July 6–13, the ETFs that track US crude oil futures reported lower performance metrics. The United States Oil ETF (USO) fell 3.3%, the United States 12-Month Oil ETF (USL) fell 1.4%, and the ProShares Ultra Bloomberg Crude Oil ETF (UCO) fell 5.5%.
EOG Resources weathered the massive oil price drop and now the shale exploration and production company is one of the top-performing shale exploration and production companies as oil prices rebound.
Between July 9 and July 13, the events listed in the following table could impact oil and natural gas prices. The EIA (U.S. Energy Information Administration) is expected to release its Short-Term Energy Outlook on July 10. The IEA (International Energy Agency) is scheduled to release its Oil Market Report scheduled on July 12. These reports could influence oil and natural gas prices for the next few weeks.
From June 29 to July 6, US crude oil August futures fell 0.5%. On July 6, US crude oil August futures settled at $73.80 per barrel—just 0.5% below the highest closing level of $74.15 per barrel since November 24, 2014. In the last six trading sessions, US crude oil futures haven’t decisively closed below the $73.00 mark despite several bearish factors.
LONDON, UK / ACCESSWIRE / July 6, 2018 / If you want a free Stock Review on FANG sign up now at www.wallstequities.com/registration. This Friday, WallStEquities.com has initiated reports coverage on the following Independent Oil & Gas equities: Diamondback Energy Inc. (NASDAQ: FANG), Eclipse Resources Corp. (NYSE: ECR), Enbridge Energy Management L.L.C. (NYSE: EEQ), and Energen Corp. (NYSE: EGN).
Allergan, Comcast, CVS, Diamondback Energy, Ebix, Tronox, NomadGetty ImagesIt’s no easy thing to identify a solid stock that is trading for a discount versus one that has rightfully declined based on deteriorating metrics.
On July 3, US crude oil August futures rose 0.3% and closed at $74.14 per barrel—the second-highest closing level for active US crude oil futures since November 24, 2014.
On June 28, US crude oil August futures rose 0.9% and settled at ~$73.45 per barrel, their highest closing level since November 26, 2014. The United States Oil ETF (USO) rose 1.4%.
Diamondback Energy (FANG) is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
The SGL-2 Speculative Grade Liquidity (SGL) rating was affirmed reflecting good liquidity. "The upgrade and the positive outlook reflects our expectation that Diamondback will achieve significant production and reserves growth through 2019 while keeping a strong balance sheet and managing its business largely within operating cash flow," said Sajjad Alam, Moody's Senior Analyst.
It looks like we can take the OPEC meeting in Vienna off the list of market concerns. The Organization of the Petroleum Export Countries (OPEC) unofficially agreed to raise output by one million barrels per day (bpd).
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In this article, we’ll discuss the YTD (year-to-date) stock performances of major Permian exploration and production players.
NEW YORK, June 19, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Diamondback ...
With growing Permian production and infrastructure constraints, the Midland-WTI crude oil price differential and the Waha–Henry Hub natural gas price basis differential have widened since the beginning of 2018.
The Permian Basin Is Still a Star, but Can Midstream Keep Up? According to the EIA (U.S. Energy Information Administration), US tight oil production has increased in part due to the increasing productivity of new wells. Growing initial production rates have helped tight oil production to increase despite slowdowns in drilling activity when oil prices crashed in 2014.
OPEC members’ meeting is scheduled for June 22. The meeting will likely be the most important event for oil prices this week. The meeting will decide the fate of the production cut deal—an event that would decide the future direction of oil prices.
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While Diamondback's (FANG) production in the Permian Basin is soaring, its takeaway capacity is not increasing in proportion.