|Bid||19.00 x 800|
|Ask||25.00 x 900|
|Day's Range||20.77 - 21.75|
|52 Week Range||10.55 - 22.12|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 1, 2018|
|Forward Dividend & Yield||0.20 (0.95%)|
|1y Target Est||22.92|
On June 21, the EIA released its natural gas storage report. It reported that US natural gas inventories rose by 91 Bcf (billion cubic feet) to 2,004 Bcf from June 8 to 15. However, inventories were 757 Bcf or 27% lower than a year ago. Inventories are at their lowest level since 2014 for this time of the year.
In the fourth quarter of 2017, Whiting Petroleum (WLL) rolled out its key initiatives and strategy for 2018. These included its plans to implement an optimized completion strategy with a goal to maximize capital efficiency at the drilling space unit level. To achieve this goal, the company said that it would be “reorganizing” its Bakken teams to “streamline operations.”
The S&P 500’s top losses on June 21 were: Marathon Oil (MRO) declined 5.4%. Concho Resources (CXO) declined 5.3%. Advanced Micro Devices (AMD) declined 5.3%. United Rentals (URI) declined 5.3%. Xylem (XYL) declined 4.1%. Marathon Oil
to lead Opec in a roughly 1m barrel a day output boost as it seeks to cool the rally in crude. Brent crude, the global benchmark up as much as 3 per cent to $75.24 a barrel, while West Texas Intermediate, the US crude marker, rose as much as 2.6 per cent to $67.27 a barrel. Saudi Arabia’s oil minister Khalid Al Falih, in Vienna, said that the agreement would allow countries that have spare production capacity to increase production.
All eyes are on the oil producers' meeting set for Jun 22 in Vienna, which will decide what happens next regarding their supply curb policy.
As of June 15, ConocoPhillips (COP) had an implied volatility of ~24.8%, which is lower than its implied volatility of ~26.5% on March 30. Last week, COP’s implied volatility increased from ~23.8% to ~24.8% due to a ~6% down move in its stock price.
With oil prices having stayed above $60 for several months now, U.S. drillers are beginning to test their fracking capabilities on oil fields that haven’t produced in decades
As we saw in the previous part of this series, ConocoPhillips’s (COP) stock price was down ~6%. Crude oil (SCO) fell more than 1%. So, it’s clear that COP’s stock price underperformed crude oil prices. In this part, we’ll quantify this correlation between COP and crude oil prices.
Last week, crude oil (USO) prices decreased from $65.74 per barrel to $65.06 per barrel, a fall of more than 1%. Crude oil prices saw a rising trend for the first four days of the week, increasing every day. However, on Friday, June 15, crude oil prices fell ~3% and gave up all their gains for the week.
The Permian Basin Is Still a Star, but Can Midstream Keep Up? Spanning western Texas and southeastern New Mexico and boasting many prolific tight oil formations such as Wolfcamp, Spraberry, and Bonespring, the Permian Basin has developed into one of the most active drilling regions in the United States. As rig counts have rebounded from the decreases that occurred in 2015 and 2016, producers have increasingly been focusing on the Permian region, with the highest number of monthly rig counts among all regions, as we can see in the above image.
On June 11, Whiting Petroleum’s (WLL) short interest ratio (short interest as a percentage of float) was ~16%. At the same time a year earlier, the short interest ratio for Whiting Petroleum stock was ~4.3%.
On June 11, Iraq’s oil minister said that ongoing supply cuts should continue in order to support crude oil prices. He also added that oil producers are overreacting to increased oil production due to the possibility of new sanctions on Iran and Venezuela. There’s uncertainty about whether or not OPEC will increase the production at the upcoming meeting.
In today's pre-market research, WallStEquities.com renavigates the Independent Oil and Gas space, which is exclusively engaged in the exploration and production segment of the industry with no downstream marketing or refining within their operations. Lined up for monitoring this morning are these four equities: Gulfport Energy Corp. (NASDAQ: GPOR), Laredo Petroleum Inc. (NYSE: LPI), Legacy Reserves L.P. (NASDAQ: LGCY), and Marathon Oil Corp. (NYSE: MRO).
HOUSTON, June 07, 2018-- Marathon Oil Corporation announced today it plans to issue its second quarter 2018 earnings news release on Wednesday, Aug. 1, after the close of U.S. financial markets. The Company ...
As of June 1, ConocoPhillips (COP) had an implied volatility of 25.6%, which is lower than its implied volatility of 26.5% on March 30. Last week, COP’s implied volatility decreased from 26.1% to 25.6% due to a strong 4% upward movement for its stock.
The U.S. Energy Information Administration estimates that Cushing inventories fell by 0.6 MMbbls (million barrels) to 35.5 MMbbls on May 18–25. The inventories fell for the second consecutive week. The inventories also declined 45% or by ~29.3 MMbbls from a year ago.
Residents of Karnes County and surrounding communities will see fewer Marathon Oil trucks on the road — part of the plan to use technology to boost efficiency, a new company executive told a gathering of industry professionals on May 31. Over the past seven years that Houston-based Marathon Oil Corp. (NYSE: MRO) has been in the Eagle Ford, it's invested in technology to make its drilling, completion and production more efficient, said Todd Abbott, the company's vice president of resource plays south. "Our operators spend a lot less time on the road," said Abbott, who joined Marathon in late February and already has a commanding grasp of its operations in the Eagle Ford Shale.
Marathon Oil (MRO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
This week in the Dayton Business Journal, we list the area’s top 100 companies ranked by revenue. We’re breaking ties by percent revenue change. The information is self reported. The list’s title is somewhat of a misnomer.
LONDON, UK / ACCESSWIRE / June 1, 2018 / If you want access to our free earnings report on Marathon Oil Corp. (NYSE: MRO) ("Marathon"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=MRO. Marathon Oil Corporation (MRO), reported its first quarter fiscal 2018 operating and financial results on May 02, 2018. The energy Company outperformed top- and bottom-line expectations and provided production guidance for the upcoming quarter and fiscal year.