|Bid||0.00 x 1400|
|Ask||0.00 x 38500|
|Day's Range||30.04 - 31.01|
|52 Week Range||24.29 - 37.76|
|PE Ratio (TTM)||16.81|
|Earnings Date||Oct 29, 2018 - Nov 2, 2018|
|Forward Dividend & Yield||0.44 (1.50%)|
|1y Target Est||43.01|
HOUSTON, Sept. 13, 2018 /PRNewswire/ -- DNV GL-Business Assurance USA, Inc. has certified Noble Energy Mediterranean Ltd. (NEML) for full compliance to the SEMS (Safety and Environmental System) standard, which represents the Center for Offshore Safety's criteria for safe operations of offshore production platforms. NEML achieved certification with zero non-conformities reflecting its adherence to the latest requirements of the SEMS standard which includes API RP 75 governing best practices in oil and natural gas drilling and production operations.
About 71.0% of analysts surveyed by Reuters rate Southwestern Energy Company (SWN) as a “hold,” 18.0% rate it as a “buy,” and the remaining 11.0% rate it as a “sell.” BMO Capital recently downgraded SWN to “market perform,” which is equivalent to a “hold” rating, from “outperform,” which is equivalent to a “buy” rating.
Southwestern Energy Company’s (SWN) 30-day implied volatility was 50.8% on September 10. This is above the 15-day average of 44.2%. SWN’s peers Chesapeake Energy Corporation (CHK) and Noble Energy (NBL) had implied volatility readings of 49.4% and 35.2%, respectively, on the day.
Southwestern Energy Company (SWN) dipped below its short-term (50-day) moving average in its most recent correction, which indicates a bearish sentiment in SWN. However, the 200-day moving average should act as a strong support level for SWN. SWN was trading 8.0% below its 50-day SMA (simple moving average) on September 10.
For most of the past decade, investors have embraced the idea that companies should pay them first--via fat dividend checks or stock buybacks that bump up investors' share of company profits--rather than funneling cash back into the business. But investors are starting to get jazzed about capital spending, too, whether it's the opening of a new data center, the retooling of an aging manufacturing plant, or increased spending on tech to boost competitiveness and help a business grow. Since the start of 2016, a basket of stocks of companies investing the most for growth--which includes capital expenditures (or "capex"), and research and development, have gained a cumulative 63%, compared with just 34% for firms that are returning cash to shareholders, according to Goldman Sachs data through early July. Capital expenditures are on the upswing as many companies take advantage of savings from a lower tax rate and a more favorable depreciation schedule. The increase is not surprising, considering that the average age of corporate "fixed" assets--buildings, equipment, office furniture and the like--is now 16.3 years old, according to Strategas Securities. The last time assets were that old was back in the 1960s. For 2018, capex spending by S&P 500 companies could climb to an estimated $690 billion, up 10% from 2017 and the highest dollar amount since 2014, predicts Goldman Sachs. That makes it a good time to buy into companies that are investing in themselves, like these six firms SEE ALSO: 53 Best Dividend Stocks for 2018 and Beyond
Underwater archaeologists have been scouring the seabed where a gas pipeline is being built off Israel's coast in a bid to preserve relics near a 5,000-year-old port which once was a key trade hub for the Mediterranean's ancient civilisations. The pipeline from the deep-sea Leviathan gas field that is due to begin production late next year comes ashore near Dor Beach in northern Israel, a popular spot among Israeli sunbathers. It is also the site of the ancient port of Dor, where hidden in the seabed lie the vestiges of marine traders throughout the ages - from the Phoenicians to the Romans.
Halliburton warned on earnings as customers face "budget exhaustion" and a transport backlog in the Permian Basin hits shale stocks.
Equatorial Guinea will launch a new oil and gas exploration bidding round early next year and may refuse extensions of existing licences to oil companies unless they collectively invest a minimum of $2 billion (1.6 billion pounds) in the country, the oil minister said on Thursday. Oil minister Gabriel Obiang Lima said the licence extensions, which would be negotiated later in September and October, could impact operations by U.S. oil major ExxonMobil (XOM.N), Kosmos Energy (KOS.N), Marathon Oil (MRO.N) and Noble Energy (NBL.N). "We expect all of them to have an understanding that we do want serious investment in activities and if that is not happening ... some of the extensions they will be asking for will not be handed over," Obiang Lima told Reuters at an African oil and power conference.
Tullow Oil (TLW.L) plans to drill its first well in the much-watched Guyana offshore basin in the third quarter of next year in its Orinduik licence bordering discoveries by Exxon (XOM.N), a spokesman said on Wednesday. Exxon and U.S. partner Hess Corp (HES.N) have said that more than 4 billion barrels of oil equivalent could be recovered from the Stabroek block off Guyana, which is part of one of the world's biggest oil discoveries in the past decade. Tullow owns 60 percent and Eco Atlantic Oil and Gas (EOG.V) 40 percent in Orinduik.
San Antonio-based EPIC Crude Oil Pipeline extends second open season on Permian Basin-to-Corpus Christi project
Chesapeake Energy Fell 6% in August: Can It Gain Momentum? Of the analysts surveyed by Reuters, 54% are rating Chesapeake Energy (CHK) a “hold,” 31% are rating it a “sell,” and the remaining 15% are rating it a “buy.” Bank of America upgraded CHK from “underperform” (equivalent to a “sell”) to “neutral” (equivalent to a “hold”). Chesapeake Energy was close to bankruptcy in early 2016 when crude oil prices fell to multiyear lows.
Chesapeake Energy’s (CHK) 30-day implied volatility was 45.1% as of August 28. That’s slightly below the 15-day average of 46.9%. Its peers Southwestern Energy (SWN) and Noble Energy (NBL) have implied volatilities of 43.3% and 36.5%, respectively.
Israeli energy conglomerate Delek Group reported lower quarterly profit on Thursday, hurt by a loss from exploration and production (E&P) business in the North Sea at its Ithaca Energy unit. Delek said it earned 170 million shekels ($47 million) in the second quarter, compared with 180 million a year earlier when a gain from the purchase of Ithaca boosted profits. Ithaca, wholly owned by Delek, contributed a 32 million shekel loss to Delek's bottom line versus a 47 million shekel profit a year earlier.
Chesapeake Energy Fell 6% in August: Can It Gain Momentum? Chesapeake Energy (CHK) continues to trade below its short-term (50-day) moving average. In comparison, CHK’s peers Noble Energy (NBL) and EQT (EQT) were trading 9.8% and 5.5%, respectively, below their 50-day moving averages.
Chesapeake Energy Fell 6% in August: Can It Gain Momentum? Chesapeake Energy’s (CHK) correlation with crude oil has increased in recent months. The three-month correlation between CHK and crude oil was 0.53 as of August 27.
Since Noble Energy Inc (NYSE:NBL) released its earnings in June 2018, the consensus outlook from analysts appear pessimistic, as a -19.07% fall in profits is expected in the upcoming year.Read More...
More than $1 billion worth of natural gas infrastructure is coming online in northern Colorado oil fields in coming months, removing constraints that have slowed the growth of what oil companies could produce in the area. Denver-based DCP Midstream (NYSE: DCP) this month is starting up its $395 million natural gas processing plant and gathering systems in between Greeley and Platteville. The plant, which DCP Midstream calls Mewbourne 3, adds 200 million cubic feet of daily natural gas processing capacity to part of the booming Denver-Julesburg Basin, freeing up companies that operate wells there to pump more oil and gas because the area infrastructure can handle the increased production.
Houston, Aug. 20, 2018-- Noble Energy, Inc. announced today that David L. Stover, the Company’ s Chairman, President and CEO, will present at the Barclays CEO Energy- Power Conference on Wednesday, September ...
Oil pumps in West Texas are working overtime, but pipelines cannot keep up with the volume. That could spell trouble for the US oil boom. Yahoo Finance’s Melody Hahm, Maylan Studart and Michael Kelley detail the issues facing the oil industry.