|Bid||174.12 x 900|
|Ask||176.11 x 800|
|Day's Range||172.52 - 175.91|
|52 Week Range||119.08 - 213.40|
|Beta (3Y Monthly)||1.16|
|PE Ratio (TTM)||30.77|
|Earnings Date||May 6, 2019|
|Forward Dividend & Yield||0.48 (0.32%)|
|1y Target Est||196.88|
Everyone thinks M&A in the Permian Basin is heating up. Some assets looks especially cheap. Here is a list of what producers to focus on.
Activists gathered at the tony Plaza Hotel to talk about shareholder activism. Here are some fresh ideas from some of the biggest names.
Shares of drillers with positions in the Permian Basin are on the rise following Chevron's $33 billion deal to acquire Anadarko Petroleum. Analysts say the rally in drilling stocks is largely a bet on more mergers and acquisitions in the space. Chevron's $33 billion deal to buy Anadarko Petroleum APC is having a halo effect for U.S. oil drillers, as investors place bets on the next acquisition target in the U.S. shale oil space.
Anadarko Petroleum (APC) will be acquired by Chevron in deal worth $48 billion, and its shareholders will get a 39% premium on their holdings.
Chevron Corp. (NYSE: CVX ), the second-largest U.S. oil company, set the energy sector buzzing Friday when it announced a billion deal to acquire Anadarko Petroleum Corp. (NYSE: APC ). Some market observers ...
Energy Sector: Key Highlights from Last Week(Continued from Prior Part)Energy stocksIn the week ending on April 12, upstream stock Anadarko Petroleum (APC) rose the most among the stocks in the energy space. The stocks are included in the
U.S. equities rallied again on Friday, with the S&P 500 making its third straight weekly gain. Some positive China trade headlines as well as solid credit data are bolstering sentiment as we get solidly into the Q1 earnings season this week.It's the energy sector that I want to focus on today, with Chevron (NYSE:CVX) buying Anadarko (NYSE:APC) in a $33 billion deal, boosting APC shares up roughly 32%. I recommended buying the stock back on Monday, so that's not a bad profit for just a four-day holding period.I think the entire sector is worth a look, with RBC analysts warning that $80-a-barrel oil is likely this summer as a result of steep OPEC supply cuts, solid demand and rising risks concerning Iran after President Donald Trump's administration labeled part of its military establishment a terrorist organization.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Marijuana Companies: Which Pot Stocks Should You Buy? As a result, the Energy Select SPDR (NYSEARCA:XLE) is breaking above its 200-day moving average for the first time since early October -- creating nice buying opportunities in a number of stocks in the area. Here are five ready for new money: Energy Stocks to Buy: Halliburton (HAL)Halliburton (NYSE:HAL) shares are rising to challenge the highs of its five-month consolidation range, making a possible end to the downtrend that started last May that resulted in a 50% decline from its high. The company was recently initiated at Goldman Sachs with a buy rating.The company will next report results on April 22 before the bell. Analysts are looking for earnings of 23 cents per share on revenues of $5.5 billion. When the company last reported on Jan. 22, earnings of 41 cents per share beat estimates by four cents on a 0.1% decline in revenues. Schlumberger (SLB)Shares of Schlumberger (NYSE:SLB), the oilfield service provider, are attempting to break up and out of a five-month consolidation pattern setting up a challenge of its 200-day moving average. Like HAL, the company had coverage initiated by Goldman Sachs analysts in March.The company will next report results on April 18 before the bell. Analysts are looking for earnings of 30 cents per share on revenues of $7.8 billion. * 8 Risky Stocks to Watch as Earnings Season Kicks Off When the company last reported on Jan. 18, earnings of 36 cents per share missed estimates by two cents on $8.1 billion in revenues. Helmerich & Payne (HP)Shares of Helmerich & Payne (NYSE:HP) are breaking up and over their 200-day moving average for the first time since October. Shares lost more than 40% from the prior high. A return to those levels would be worth a 20% gain from here. Analysts at Jefferies downgraded shares back in March, ahead of the current rally to the upside.The company will next report results on April 24 after the close. Analysts are looking for earnings of 38 cents per share on revenues of $710.4 million. When the company last reported on Jan.29, earnings of 42 cents per share beat estimates by 12 cents on a 31.3% rise in revenues. Pioneer Natural Resources (PXD)Shares of Pioneer Natural Resources (NYSE:PXD) surged more than 11% on Friday, cutting clear of their 200-day moving average and the six-month consolidation range. Watch for a return to the mid-October high, which would be worth a gain of roughly 12% from here.The company will next report results on May 6 after the close. Analysts are looking for earnings of $1.47 per share on revenues of $2.1 billion. * 7 AI Stocks to Watch with Strong Long-Term Narratives When the company last reported on Feb. 13, earnings of $1.18 per share missed estimates by 16 cents on a 75.4% rise in revenues. Noble Energy (NBL)Noble Energy (NYSE:NBL) stock is rising up and over its 200-day moving average, challenging its November high. The stock was upgraded by analysts at Mizuho back in March, with the price target raised to $29. Watch for a move to the October high, which would be worth a gain of nearly 20% from here.The company will next report results on May 3 before the bell. Analysts are looking for a loss of five cents per share on revenues of $1 billion. When the company last reported on Feb. 19, earnings of 12 cents per share missed estimates by two cents on a 0.3% drop in revenues.As of this writing, William Roth held no position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post 5 Energy Stocks Rising as Crude Oil Soars appeared first on InvestorPlace.
The early years of the US shale oil and gas industry, documented well in both Russell Gold’s The Boom and Gregory Zuckerman’s The Frackers, were a colourful era, full of big personalities, inspired visionaries and dubious chancers. will accelerate the process of the shale industry being absorbed into Big Oil, and there are fundamental financial reasons why we can expect that trend to continue. in the Permian Basin, thanks largely to an accident of history.
Oil major Chevron Corp's $33 billion deal on Friday to acquire Anadarko Petroleum Corp has some investors and industry executives asking whether it is time for other U.S. shale oil and gas producers to consider selling themselves. Anadarko has been one of the pioneers of the shale revolution, which turned the United States into the world's biggest oil producer, overtaking Russia and Saudi Arabia. The Houston-based company's willingness to ink a sale, rather than capitalize on oil prices rebounding, illustrates the significant challenges facing many U.S. shale producers.
Dean Foods Company (NYSE:DF), Pioneer Natural Resources Company (NYSE:PXD), Noble Energy, Inc. (NYSE:NBL), EOG Resources Inc (NYSE:EOG), and Parsley Energy Inc (NYSE:PE) are each in the spotlight for various reasons. Due to the developments that occurred, traders will also be watching each stock more closely in the future. In this article, let's find out why each stock has probably been […]
Pioneer, Concho and Noble Energy Inc. surged Friday after Chevron unveiled plans to buy Anadarko, a deal that expands the supermajor’s presence in the Permian region, Gulf of Mexico and East Africa. The transaction vaults Chevron into the rarefied air of rivals Exxon Mobil Corp. and Royal Dutch Shell Plc, which in turn may be roused to make acquisitions of their own.
Shares of the Houston-based petroleum firm fell quickly in morning trading after news that its higher bid wasn't enough to capture Anadarko. CNBC reported that the OXY bid more than $70 a share for Anadarko in cash and stock. The Chevron deal does not include that requirement.
With an Anadarko deal apparently sewn up, the market is looking at Pioneer Natural Resources, Parsley Energy, and Concho Resources as the next logical takeover targets.
Chesapeake Energy shares slid 4% Friday, after Goldman Sachs downgraded the stock to sell and said it expects the company to have less favorable supply cost and corporate returns than rivals. Analysts led by Brian Singer said an analysis of U.S. supply cost/competitive positioning implications from 2018 reserve reports and its own projections for 2019 cash margins found that the median U.S. supply cost to achieve an 11% after-tax rate of return is $53 a barrel. That supports a $50 to $55 a barrel price range for West Texas Intermediate, the U.S. benchmark. Goldman's mid-cycle price is at the upper end of that range. Analysts are advising clients to buy low cost oil suppliers, Encana Corp. , Parsley Energy Inc. , Pioneer Natural Resources Co. , EOG Resources Inc. and Chevron Corp. , all of which are buy rated. (The note was published ahead of Chevron's acquisition earlier today of Anadarko Petroleum Corp.) Goldman is recommending selling stocks where their valuation post rally appears at odds with competitive positioning, downgrading Cheseapeake, California Resources Corp. and upgrading Murphy Oil Corp. to neutral. For Chesapeake, " we see less favorable supply cost and corporate returns and believe further leverage improvement is still warranted post-WRD (Wildhorse) acquisition," they wrote in a note. Chesapeake shares have gained 1.3% in the last 12 months, while the S&P 500 has gained 8.9%.
Investing.com – Merger fever hit the energy sector Friday as Chevron 's $33 billion deal to buy Anadarko Petroleum triggered speculation about further tie-ups in the industry.
Oil prices continue to rally, but not all is well in the U.S. shale patch as drillers are facing both operational issues and have laid off hundreds of people
U.S. oil production will hit 17 million barrels per day (bpd) within five years, Pioneer Natural Resources Chief Executive Scott Sheffield said on Wednesday, though near-term growth may be constrained by lack of pipelines. Sheffield said the Permian Basin, the largest U.S. oil field, will see its growth slow in 2019 because there are not enough pipelines that can take crude oil out of that basin to markets.
Having slashed spending plans and run out of willing buyers for assets, some U.S. shale producers are turning to workforce cuts as investors step up demands for returns. Pioneer Natural Resources Co, one of the largest producers in the Permian Basin of West Texas and New Mexico, and Laredo Petroleum Inc another Permian producer, this week disclosed plans to shed workers. Irving, Texas-based Pioneer declined to say how many of its about 3,200 employees would be cut.
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! Today we are going to look at Pioneer Natural Resources Company (NYSE:PXD) to see whether it might be an attractive investment...
Pioneer Natural Resources Company (NYSE:PXD) was in 62 hedge funds' portfolios at the end of the fourth quarter of 2018. PXD has seen an increase in enthusiasm from smart money of late. There were 58 hedge funds in our database with PXD holdings at the end of the previous quarter. Our calculations also showed that […]
Pioneer Natural Resources Company (“Pioneer”) (PXD) today announced its first quarter 2019 earnings news release is scheduled to be issued after the close of trading on the New York Stock Exchange on Monday, May 6, 2019. A replay of the webcast will be archived on Pioneer’s website. To register for the call-in audio replay Click Here and enter confirmation code 9208053.