|Bid||0.00 x 3100|
|Ask||0.00 x 3100|
|Day's Range||31.44 - 32.79|
|52 Week Range||22.21 - 35.98|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 8, 2018|
|Forward Dividend & Yield||1.00 (2.94%)|
|1y Target Est||33.57|
On July 16–20, 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 monthly drilling productivity report on July 16. The report could influence oil and natural gas prices for the next few weeks.
In Q2 2018, analysts expect Encana’s (ECA) operating cash flow to rise ~93% YoY (year-over-year) to ~$422 million from ~$218 million, and by ~11% sequentially from ~$381 million. The rise is expected due to its production being forecast to increase during the quarter and higher crude oil prices.
Ferrellgas (FGP) expects the recently-acquired Diamond Propane to be accretive to earnings and enable business expansion in northern New York.
Murphy Oil Corporation today announced it will release second quarter 2018 earnings after market close on August 8, 2018. The company will host a conference call and webcast for investors and analysts beginning at 11:00 a.m.
Anadarko Petroleum (APC) utilizes free cash flow generation capacity to raise share repurchase and debt reduction programs by $1.5B.
As we saw in the previous part of this series, ConocoPhillips’s (COP) stock price was up marginally by 0.04% for the week ended July 6. However, crude oil (SCO) moved down moderately by ~0.5% in the same week. So COP’s stock price outperformed crude oil prices. In this part of our series, we’ll look at the correlation between COP and crude oil prices.
As we discussed previously, ConocoPhillips (COP) stock rose 2.7% last week, while crude oil (SCO) rose 8.1%. In this part, we’ll look at the correlation between COP and crude oil prices.
Drilling permits offer a glimpse into plans that Murphy Oil has for its leases in the Eagle Ford Shale.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Over the last one-month, outflows of investor capital in ETFs holding MUR totaled $16 million.
In this part, we’ll look at the oil and gas production (upstream) stocks that have fallen the most this week. We’ll focus on oil and gas producers with a market capitalization greater than $100 million and an average trading volume over 100,000 shares last week.
On May 31, Occidental Petroleum’s (OXY) total shares shorted (or short interest) stood at ~9.0 million, whereas its average daily volume was ~4.8 million, meaning the short interest ratio for its stock was ~1.87x. Occidental’s average daily volume has been calculated for the short interest reporting period from May 16 to May 31. In January, OXY’s short interest ratio saw a 52-week high of 3.34x.
Occidental Petroleum’s (OXY) stock price was nearly flat in the week that ended on June 22. In this article, we’ll try to quantify any correlation between OXY and crude oil prices. In the week that ended on June 22, Occidental Petroleum’s stock price had a correlation of ~37% with crude oil’s price.