10.47 +0.06 (0.53%)
After hours: 4:11PM EDT
|Bid||10.50 x 21500|
|Ask||10.94 x 900|
|Day's Range||10.32 - 10.63|
|52 Week Range||8.11 - 15.89|
|PE Ratio (TTM)||5.15|
|Earnings Date||Aug 6, 2018 - Aug 10, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||14.70|
In this part, we’ll discuss the EV-to-adjusted EBITDA (earnings before interest, tax, depreciation, and amortization). The EV (enterprise value) is the sum of a company’s market capitalization and debt, less cash and cash equivalents. Let’s look at the top five upstream companies that are the cheapest when comparing the EV-to-adjusted EBITDA multiples.
On May 16–23, none of the natural gas–weighted stocks on our list had a correlation of less than 41% with US crude oil July futures.
Between May 10 and May 17, natural gas June futures rose 1.6%, and implied volatility rose 0.5%. Since March, these two variables have broadly diverged. Price forecast
For today, WallStEquities.com has selected the following stocks for review: Marathon Oil Corp. (NYSE: MRO), EnLink Midstream Partners L.P. (NYSE: ENLK), Enterprise Products Partners L.P. (NYSE: EPD), and Gulfport Energy Corp. (NASDAQ: GPOR). Independent Oil and Gas companies are exclusively engaged in the exploration and production segment of the industry, with no downstream marketing or refining within their operations.
Between May 9 and May 16, none of the natural gas–weighted stocks on our list had a correlation of less than 46% with US crude oil June futures. Gulfport Energy (GPOR) had the least correlation of 46.7% with US crude oil futures in the past five trading sessions. In fact, it also had the most negative correlation with natural gas futures, which we looked at in the previous part of this series.
On May 16, natural gas June futures fell 0.7% and closed at $2.82 per MMBtu (million British thermal unit). However, between May 9 and May 16, natural gas June futures rose 2.8%. In that period, natural gas–tracking ETFs, including the United States Natural Gas ETF (UNG) and the ProShares Ultra Bloomberg Natural Gas ETF (BOIL), rose 2.9% and 5.3%, respectively.
Jim Cramer said on CNBC's "Mad Money Lightning Round" he likes Johnson & Johnson (NYSE: JNJ ). Pure Storage Inc (NYSE: PSTG ) is a buy, thinks Cramer. He added that the company has a very smart ...
According to the EIA’s (U.S. Energy Information Administration) latest Drilling Productivity Report, US crude oil production from the seven key shale plays (Anadarko, Appalachia, Bakken, Eagle Ford, Haynesville, Niobrara, and Permian) will rise 144 Mboepd (thousand barrels of oil equivalent per day) in June to ~7.2 MMboepd (million barrels of oil equivalent per day) compared to May.
NEW YORK, May 16, 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 Shutterfly, ...
OKLAHOMA CITY, May 15, 2018-- Gulfport Energy Corporation today provided an update on recent SCOOP well results. Lilly 3-15 X10H produced at an average 30- day production rate of 16.7 MMcfe per day, or ...
On May 4–11, upstream stock Carrizo Oil & Gas (CRZO) was the top gainer on our list of energy stocks. During this period, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) rose 4.2%—the largest gainer among the major energy subsector ETFs that we discussed in the previous part of this series.
On May 2–9, our list of natural gas–weighted stocks rose 5.1%, while natural gas June futures fell 0.6% during this period. In the trailing week, natural gas–weighted stocks diverged from natural gas’s fall.
The natural gas–weighted stocks that could be the most sensitive to US crude oil’s moves based on the correlations in the past five trading sessions with US crude oil June futures include: Chesapeake Energy (CHK) at 77.6% Gulfport Energy (GPOR) at 56.8% Range Resources (RRC) at 22.3%
On May 9, natural gas June futures rose 0.2% and closed at $2.74 per MMBtu (million British thermal units). On May 2–9, natural gas June futures fell 0.6%. On May 10, the EIA’s (U.S. Energy Information Administration) inventory data could be an important factor for natural gas prices.
On May 8, natural gas June 2018 futures closed at a premium of ~$0.19 to June 2019 futures. The difference is called the “futures spread.” On May 1, the futures spread was at a premium of ~$0.20. On May 1–8, natural gas June futures fell 2.5%.
In the week ending April 27, natural gas inventories rose by 62 Bcf (billion cubic feet) to 1,343 Bcf—based on the EIA’s (U.S. Energy Information Administration) data announced on May 3. The rise was 15 Bcf more than the market’s expectation. On May 3, natural gas June futures fell 1% due to bearish inventory data.
On a per-share basis, the Oklahoma City-based company said it had net income of 50 cents. Earnings, adjusted for non-recurring costs, were 56 cents per share. The results exceeded Wall Street expectations. ...
OKLAHOMA CITY, May 08, 2018-- Gulfport Energy Corporation today reported financial and operational results for the quarter ended March 31, 2018 and provided an update on its 2018 activities. Key information ...
On April 25–May 2, our list of natural gas–weighted stocks fell 0.2%—1.7 percentage points less than natural gas June futures’ decline during this period.
In the week ending April 20, natural gas inventories declined by 18 Bcf (billion cubic feet) to 1,281 Bcf—based on the EIA’s (U.S. Energy Information Administration) data announced on April 26. The fall was 7 Bcf more than the market’s expectation. On April 26, natural gas June futures rose 1.1% due to the bullish inventory data.