|Bid||0.00 x 1000|
|Ask||74.69 x 4000|
|Day's Range||34.00 - 34.70|
|52 Week Range||22.99 - 37.76|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 3, 2018|
|Forward Dividend & Yield||0.44 (1.18%)|
|1y Target Est||44.56|
WTI crude oil prices hit $74.15 per barrel on June 29—the highest level since November 2014. However, Brent and WTI oil prices fell 5.2% and 4.2%, respectively, during the last two weeks. WTI oil prices fell 3.8% last week. However, the Energy Select Sector SPDR ETF (XLE) rose 0.8% last week. The companies in XLE develop and produce crude oil and natural gas and other energy-related services.
Stocks that moved substantially or traded heavily Monday: Bank of America Corp., up $1.23 to $29.78 The bank's profit and revenue were greater than analysts anticipated. Deutsche Bank AG, up 90 cents to ...
Anadarko Petroleum (APC) stock has risen significantly this year. The stock has risen 37.8% year-to-date and 73.14% on a YoY (year-over-year) basis. In comparison, the broader industry represented by the Energy Select Sector SPDR ETF (XLE) has increased ~20.48%, while the broader market S&P 500 SPDR ETF (SPY) has risen 15.07% during the same period.
On July 08th, 2018, CNBC reported that the Oil Price Information Service's Tom Kloza recently estimated that prices could surge another 10% this summer. This morning, WallStEquities.com reexplores the Independent Oil and Gas space to see how select stocks have fared over the past trading sessions: Noble Energy Inc. (NYSE: NBL), Occidental Petroleum Corp. (NYSE: OXY), Range Resources Corp. (NYSE: RRC), and Sanchez Energy Corp. (NYSE: SN).
Cabot Oil & Gas’s (COG) current implied volatility is ~36%, 8.16% higher than its 15-day average of 33.31%. Meanwhile, the Energy Select Sector SPDR ETF (XLE) has implied volatility of 20.2%, ~7.67% higher than its 15-day average of 18.76%.
This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on June 6. Over the last one-month, outflows of investor capital in ETFs holding NBL totaled $4.30 billion.
In the first quarter, Cabot Oil & Gas’s (COG) CFO (cash flow from operations) rose YoY (year-over-year) to ~$272.76 million from $269.38 million, primarily due to its cash operating expenses falling 22% YoY. This decline was offset by its operating revenue falling 8.61% YoY due to lower natural gas prices (UNG).
What Are Anadarko Petroleum's Key Fundamentals? In the first quarter, Anadarko Petroleum (APC) reported a cash flow from operations of $1.43 billion—compared to operating cash flows of $1.12 billion in the first quarter of 2017. Anadarko Petroleum’s operating cash flows were higher due to higher oil revenues from higher realized oil prices.
Iran is OPEC’s third-largest oil producer. On May 8, President Trump said that the US is exiting the Iran nuclear pact. On June 26, President Trump pushed Iran’s allies to stop importing oil from Iran by November 4. The faster-than-expected drop in supplies from the global oil market due to sanctions on Iran and unexpected supply outages from Libya and Canada have been helping oil prices.
Cabot Oil & Gas (COG) expects to generate a cumulative after-tax corporate FCF (free cash flow) of $1.6 billion–$2.5 billion from 2018 to 2020. The forecast is based on a NYMEX price range of $2.75–$3.25 per MMBtu (million British thermal units) during the three-year period.
The EIA (U.S. Energy Information Administration) estimates that US crude oil production decreased by 2,000 bpd (barrels per day) to 10,467,000 bpd in April—compared to the previous month. However, the production increased by 1,335,000 bpd or ~14.6% from a year ago. The production hit a record high of 10,469,000 bpd in March.
Houston, July 03, 2018-- Noble Energy, Inc. today announced that it has supplemented its Delaware Basin takeaway position with an additional firm sales agreement which will result in the Company’ s crude ...
On June 28, the EIA (U.S. Energy Information Administration) released its natural gas inventory report. The EIA reported that US natural gas inventories increased by 66 Bcf (billion cubic feet) to 2,074 Bcf on June 15–22. However, the inventories were 735 Bcf or 26.2% lower than a year ago. For this period of the year, US natural gas inventories are at the lowest level since 2014.
NEW YORK, June 29, 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 QEP ...
Chesapeake Energy’s (CHK) current implied volatility is ~54%, ~10% lower than its 15-day average of 59.5%. Meanwhile, the Energy Select Sector SPDR ETF’s (XLE) implied volatility is ~17.4%, 4.2% higher than its 15-day average of ~17.9%.
In this daily bar chart of NBL, below, we can see an uptrend the past 12 months with some pauses and corrections along the way. The daily On-Balance-Volume (OBV) line shows a rise from August and confirms the price advance. The trend-following Moving Average Convergence Divergence (MACD) oscillator is turning up to a new buy signal above the zero line.
Egypt’s gas discoveries such as Zohr and Noor could change the geopolitical balance in the region as direct cooperation with Israel and Cyprus is no longer a necessity
Anadarko Petroleum’s (APC) DJ Basin upstream operations are to receive $1 billion–$1.5 billion in capex this year. Per Anadarko Petroleum management, free cash flow from the region is expected to surpass $1 billion. Free cash flow in the first quarter was $230 million. This calculation is based on APC’s definition of “free cash flow”—discretionary cash flow, minus capital expenditures. APC defines “discretionary cash flow” as operating cash flows before accounting for working capital changes, other items, non-operating, and other excluded items.
PITTSBURGH, June 26, 2018 /PRNewswire/ -- CNX Midstream Partners LP (CNXM) ("CNXM" or the "Partnership") today announced the pricing of an upsized underwritten public offering of an aggregate of 6,500,000 common units representing limited partner interests in the Partnership by NBL Midstream, LLC, a subsidiary of Noble Energy, Inc. (NBL) (the "Selling Unitholder"), at a public offering price of $18.30 per common unit. The Selling Unitholder has granted the underwriters a 30-day option to purchase up to 975,000 additional common units at the public offering price, less the underwriting discount. The Partnership will not receive any proceeds from the sale of common units in the offering and the number of outstanding common units will remain unchanged.
PITTSBURGH, June 26, 2018 /PRNewswire/ -- CNX Midstream Partners LP (CNXM) ("CNXM" or the "Partnership") today announced the commencement of an underwritten public offering of an aggregate of 5,000,000 common units representing limited partner interests in the Partnership by NBL Midstream, LLC, a subsidiary of Noble Energy, Inc. (NBL) (the "Selling Unitholder"). The Selling Unitholder intends to grant the underwriters a 30-day option to purchase up to 750,000 additional common units. The Partnership will not receive any proceeds from the sale of the common units in this offering and the number of outstanding common units will remain unchanged. The offering of these securities is being made only by means of the prospectus supplement and accompanying base prospectus as filed with the Securities and Exchange Commission (the "SEC").