|Bid||0.00 x 800|
|Ask||14.61 x 800|
|Day's Range||14.36 - 14.65|
|52 Week Range||13.01 - 26.39|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||2.06|
|Expense Ratio (net)||0.35%|
Halliburton's upbeat earnings stoked buying interest, but tremendous buying power will be needed to end the five-year downtrend.
On July 11–18, major energy ETFs had the following correlations with US crude oil active futures: the Energy Select Sector SPDR ETF (XLE): 42% the SPDR S&P Oil & Gas Exploration & Production ETF (XOP): 32.3% the Alerian MLP ETF (AMLP): 23.1% the VanEck Vectors Oil Services ETF (OIH): 12.3% Notably, US crude oil active […]
Between February 11, 2016, and July 15, 2019, WTI crude oil prices rose 127.3%. The United States Oil Fund LP (USO) gained 53.9% in the period.
As is often the case, shares of oil services providers and the related exchange traded were highly sensitive to crude's gyrations in the second quarter, prompting a nearly 16% for the VanEck Vectors Oil ...
Dovish Fed comments and chances of U.S.-China trade truce kept the market steady in the second quarter. These ETF areas won and lost in the second quarter.
In the next quarter, the US crude oil production might increase. For the week ending June 14, US crude oil’s weekly production was at 12.2 million barrels per day—near its record high.
Brent rose about 5% last week - its first weekly gain in five weeks - while crude jumped about 10% - its biggest weekly percentage gain since December 2016.
US crude oil active futures have risen 8.6% in the trailing week, which might have boosted or limited the downside in OIH, XOP, XLE, and AMLP. They have returned 5.8%, 5%, 3.7%, and -0.7%, respectively.
In the next quarter, the US crude oil production might rise—an important factor that might kill any upside in oil prices. For the week ending June 7, US crude oil's weekly production was near its record high of 12.3 MMbpd.
The EIA is scheduled to release its oil and natural gas inventory data on June 19 and June 20. The data will likely be a short-term driver for oil and natural gas prices. Any disappointment in the US crude oil inventory report will likely be a concern for oil prices.
C&J Energy Services Inc. and Keane Group Inc. announced Monday a merger-of-equals deal to create a diversified oilfield services company with a combined enterprise value of $1.8 billion, including $255 million in debt. Under terms of the deal, C&J shareholders will receive 1.6149 Keane shares for each C&J share they own. Based on Friday's closing prices, that values C&J stock at $11.29 each, or a 5.3% premium. After the deal closes, which is expected to occur in the fourth quarter of this year, C&J and Keane shareholders will each own 50% of the equity of the combined company. "The merger of equals unites two great companies, resulting in a broader portfolio of well completion services across an even greater footprint in the U.S., benefiting our combined employees, shareholders, customers, suppliers, and the communities in which we operate," said Keane Chief Executive Robert Drummond. C&J's stock has tumbled 33.8% over the past three months and Keane shaes have shed 28.7%, while the VanEck Vectors Oil Services ETF has lost 22.5% and the S&P 500 has gained 2.35.
Energy sector exchange traded funds led the charge on Thursday after crude oil prices spiked in response to supply fears, following an attack on two oil tankers in the Gulf of Oman, close to the Strait ...
The oil services fund has spent the last six months testing 2001 support and may complete an historic double bottom reversal.
How the Energy Sector Fared Last Week(Continued from Prior Part)Key energy eventsThe EIA (U.S. Energy Information Administration) is scheduled to release its oil and natural gas inventory data on June 12 and June 13. The data will likely be a
From the YFi Interactive touch screen, Jared Blikre joins Alexis Christoforous and Brian Sozzi to break down the latest moves in WTI Crude Oil futures (CL=F, CLQ19.NYM) and Gold futures (GC=F, GCQ19.CMX).