4.8400 0.00 (0.00%)
After hours: 5:55PM EDT
|Bid||4.8200 x 4000|
|Ask||4.8700 x 36900|
|Day's Range||4.8000 - 5.0900|
|52 Week Range||4.6500 - 13.4100|
|Beta (3Y Monthly)||1.15|
|PE Ratio (TTM)||2.06|
|Earnings Date||Jul 30, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||10.98|
Natural gas prices fell to their lowest level in more than three years after U.S. government data revealed a weekly injection in domestic stockpiles that was much more than expected.
On June 20, natural gas active futures fell 4.3% and settled at $2.166 per million British thermal units due to bearish inventory data. The natural gas active futures are at a new three-year low.
The natural gas rig count was at 181 last week—five less than the previous week. The natural gas rig count has fallen ~88.7% from its record level of 1,606 in 2008.
On June 18, natural gas July futures fell 2.4% and settled at $2.33 per million British thermal units. On the same day, Chesapeake Energy (CHK) and Gulfport Energy (GPOR) rose 3.8% and 1.8%, respectively.
Despite a slight recovery, natural gas prices remained close to the lowest levels in three years because of growing fears that soaring production is outpacing demand growth.
The natural gas rig count was at 186 last week, two more than the previous week. The natural gas rig count has fallen ~88.4% from its record level of 1,606 in 2008.
The Zacks Analyst Blog Highlights: Gulfport, Antero, Cabot Oil, Chesapeake Energy and Montage Resources
Natural gas futures extended losses on Thursday to a new low since June 2016 after U.S. government data revealed a weekly injection in domestic stockpiles that was much more than expected.
Will Natural Gas Recover from Its Three-Year Low?Natural gas and energy stocksOn June 4, the natural gas July futures rose 0.5% from the lowest closing level in three years and settled at $2.416 per MMBtu (million British thermal units). On June 4,
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
The larger-than-expected natural gas build intensified a sell-off that left the U.S. benchmark with its lowest close in three years.
Gulfport Energy (GPOR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Natural Gas Prices: The Key Drivers(Continued from Prior Part)Inventories spreadIn the week ending May 17, the inventories spread was -13.5%. During this period, the inventories spread contracted by ~1.2 percentage points compared to the previous
Natural Gas Prices: The Key Drivers(Continued from Prior Part)Natural gas rig countThe natural gas rig count was at 186 last week—one more than the previous week. The natural gas rig count has fallen ~88.4% from its record level of 1,606 in 2008.
Natural Gas Prices: The Key DriversNatural gas dragged energy stocksOn May 28, the natural gas July futures fell 1% and settled at $2.58 per MMBtu (million British thermal units)—3.6% above the lowest closing level for active natural gas futures
The latest increase of 100 Bcf was higher than the five-year average net injection of 88 Bcf and last year's rise of 93 Bcf for the reported week.
How Did Energy Commodities Impact Energy Stocks?(Continued from Prior Part)Natural gas–weighted stocksThe natural gas–weighted stocks on our list had negative correlations with natural gas June futures on May 15–22. The natural gas–weighted
Natural Gas: Dullest May Month since 2014(Continued from Prior Part)Natural gas rig countThe natural gas rig count was at 185 last week—two more than the previous week. The natural gas rig count has fallen ~88.5% from its record level of 1,606 in
Natural Gas: Dullest May Month since 2014Natural gas and energy stocks divergedOn May 21, natural gas June futures fell 2.2% and settled at $2.61 per MMBtu (million British thermal units)—4.9% above the lowest closing level for active natural gas
At 1.653 trillion cubic feet, natural gas inventories are 14.7% under the five-year average but 8.5% above the year-ago figure.
What Could Impact Natural Gas This Week?Natural gas impacted energy stocks last weekOn May 10–17, natural gas active futures rose 0.5%. Rising natural gas production and lower demand limited the natural gas prices at $2.631 per MMBtu (million
Gulfport Energy Corporation (GPOR) (“Gulfport” or the “Company”) announced today that Patrick K. Craine has joined the Company as General Counsel and Corporate Secretary reporting to David M. Wood, President and Chief Executive Officer. Mr. Craine has over 20 years of extensive senior-level experience handling a broad range of securities, corporate, regulatory, governance, compliance and litigation matters, with particular expertise in the energy industry. He joins Gulfport from Chesapeake Energy Corporation where he served as Deputy General Counsel – Chief Risk and Compliance Officer. Prior to joining Chesapeake, Mr. Craine was a partner with Bracewell LLP, a global law firm, where his practice focused on securities and corporate regulatory matters and investigations. Before Craine entered private practice, he served as a lawyer with the U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority where he held leadership positions in their Oil and Gas Task Forces.