12.20 -0.35 (-2.79%)
Pre-Market: 8:57AM EDT
|Bid||12.20 x 1400|
|Ask||12.30 x 21500|
|Day's Range||12.53 - 12.92|
|52 Week Range||6.69 - 13.87|
|PE Ratio (TTM)||31.38|
|Earnings Date||Jul 31, 2018 - Aug 6, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||14.74|
Anadarko Petroleum (APC) has a production guidance range of 615 Mboepd–640 Mboepd (thousand barrels of oil equivalent per day) or 627.5 Mboepd at the midpoint for the second quarter—compared to 631 Mboepd reported in the second quarter of 2017. Anadarko Petroleum’s oil volumes are expected to be 346 Mboepd–362 Mboepd or 354 Mboepd at the midpoint in the second quarter—compared to 331 Mboepd reported in the second quarter of 2017. For 2018, Anadarko Petroleum has provided a production forecast of 658 Mboepd–685 Mboepd or 671.5 Mboepd at the midpoint. Anadarko Petroleum’s production volumes were 672 Mboepd in 2017.
On July 11, US crude oil August futures plunged 5% and closed at $70.38 per barrel, just $0.08 below the lower limit of our price forecast of $70.46 until July 13.
HOUSTON, July 11, 2018 /PRNewswire/ -- Oasis Midstream Partners LP (OMP) (the "Partnership" or "OMP") today announced the appointment of Harry N. Pefanis to the Board of Directors of OMP's general partner, where he will also serve as a member of both the Audit and Conflicts Committees. Mr. Pefanis will serve as an independent director, and his appointment brings the total number of directors to seven. Mr. Pefanis, who currently serves as President and Chief Commercial Officer with Plains GP Holdings LP, brings over 35 years of energy experience having worked in various roles at Plains and its predecessors since 1983.
Approximately 36.4% of Wall Street analysts rated Whiting Petroleum (WLL) a “buy,” while 45.5% analysts rated it a “hold.” Around 12% of the analysts have rated WLL stock as “underperform.”
QEP Resources (QEP) enters into a $155-million deal with Middle Fork Energy Partners to sell its non-core Uinta assets and streamline portfolio.
Analyst Biju Perincheril covers the exploration and production side of the sector, and he cut his rating on Oasis Petroleum to Neutral from Positive, with a $14 price target. The move is part of his pre-earnings look at the oilfield-services industry, as he anticipates that companies will have "more positive commentary on both the offshore-drilling and capital-equipment sectors." As such, he boosted his rating on Transocean for more leverage to the offshore-drilling sector, which he believes is on the upswing after several years of declines.
On July 5, US crude oil’s implied volatility was 26.5%—1.1% below the highest level in 2018 of 26.8% on February 12. The higher implied volatility could warrant sharp movement in oil prices.
US tariffs on Chinese imports went into effect at 12:00 AM EST on July 6. China retaliated by announcing tariffs on US imports. Escalating trade tensions between the US and China could lead to China imposing a 25% tariff on US crude oil imports.
Whiting Petroleum’s (WLL) stock has been surging since the beginning of this year, rising ~93% year-to-date or YTD. The oil-weighted stock (WLL’s crude oil production mix in the first quarter was 68%) has been supported by strong crude oil prices (UCO).
BP plc (BP) will buy an electric vehicle firm. Meanwhile, Baker Hughes, a GE Company (BHGE) is set to become a stand-alone entity, while EQT Corporation (EQT) will sell some non-core properties.
As of June 22, the short interest ratio (short interest as a percentage of float) for Whiting Petroleum (WLL) stock was ~14%. Same time last year, the short interest ratio for Whiting Petroleum stock was ~4.8%. The short interest in Whiting Petroleum soared in November last year after the company announced its one-for-four reverse stock split decision.
Approximately 36.4% of the analysts rated Whiting Petroleum (WLL) as a “buy,” 45.5% rated it as a “hold,” and 12% rated it as “underperform.”
In the first quarter, Whiting Petroleum (WLL) reported a CFO (cash flow from operations) of ~$233 million, which is ~191% higher than its CFO in the first quarter of 2017. The increase was primarily supported by higher revenues in the first quarter and positive changes in current assets and liabilities or working capital. The changes in working capital were a favorable $8.1 million in the first quarter—compared a negative $96 million change in working capital in the first quarter of 2017.
Short interest as a percentage of float in Apache (APA) stock as of June 25, 2018, was ~8%. Its short interest ratio a year ago was ~7.2%.
The divestitures follow a deal Oasis announced in December to acquire more than 20,000 acres in the Delaware Basin for nearly $1 billion.
Oasis Petroleum (OAS) remains committed to evaluate and vend the additional non-pivotal acreage in order to streamline portfolio and strengthen its position in the prolific Delaware Basin.
According to the EIA’s (U.S. Energy Information Administration) report released on June 20, US crude oil inventories fell by ~5.9 MMbbls (million barrels) to ~426.5 MMbbls in the week ending June 15. The market expected a fall of ~3.7 MMbbls based on an S&P Global Platts survey. On June 20, US crude oil August futures rose 1.2%.
On June 25, US crude oil August futures fell 0.7% and settled at $68.08 per barrel. On June 18–25, US crude oil August futures rose 3.6%.
HOUSTON , June 25, 2018 /PRNewswire/ -- Oasis Petroleum Inc. (NYSE: OAS) ("Oasis" or the "Company") has signed two separate purchase and sale agreements to sell an estimated 4.4 thousand ...
The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market and want a simplistic look at the returnRead More...
In the first quarter, Whiting Petroleum’s (WLL) total production volume was ~127.1 Mboepd (thousand barrels of oil equivalent per day). In comparison, its production volume was 117.4 Mboepd in the first quarter of 2017. Whiting Petroleum’s production in the Williston Basin averaged 103.1 Mboepd—81.0% of the company’s total first-quarter production.
NEW YORK, NY / ACCESSWIRE / June 25, 2018 / U.S. markets were mixed Friday, with the Dow snapping an eight day losing streak as energy shares rallied. However, major indexes experienced weekly losses on ...