|Bid||5.77 x 28000|
|Ask||6.89 x 45100|
|Day's Range||5.80 - 6.15|
|52 Week Range||5.28 - 14.47|
|Beta (3Y Monthly)||2.02|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||11.69|
U.S. equities are treading water on Wednesday as the latest earnings season continues and investors digest an increasing flow of results. Transportation stocks, which I discussed yesterday, are dropping in response to mixed guidance from CSX (NYSE:CSX), but that looks like a buying opportunity ahead of a likely Federal Reserve interest rate cut later this month.One area of the market not looking good for new money, however, is energy. Oil and gas companies across the board are suffering nasty-looking breakdowns as geopolitical tensions with Iran have failed to materialize into any actual supply disruptions. The U.S. shale industry is too revved up, with a lowered cost base keeping the spigots turned on even as crude oil prices stagnate near $60. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip With the likes of Russia and Saudi Arabia unable to cut production enough to boost prices, the weakness looks set to continue. Here are six stocks to sell now:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Energy Stocks Spilling Lower: Marathon Oil (MRO)Shares of Marathon Oil (NYSE:MRO) are breaking down, threatening a return to the December lows and setting up a possible decline to the summer 2017 lows near $10.50. Such a move would be worth a loss of more than 20% from here. Shares were recently downgraded to neutral by analysts at Atlantic Securities.The company will next report results on Aug. 7 after the close. Analysts are looking for earnings of 16 cents per share on revenues of $1.4 billion. When the company last reported on May 1, earnings of 31 cents per share beat estimates by 24 cents on a 30.9% decline in revenues. Nabors Industries (NBR)Nabors Industries (NYSE:NBR), which provides drilling services to the onshore and offshore oil industry, is also suffering breakdown out of its recent trading range, That's setting up a possible excursion back to its December lows. Shares are already down a whopping 86% from the high seen in early 2017 as oil prices hold steady near $60 a barrel. * 7 Dependable Dividend Stocks to Buy The company will next report results on July 29 after the close. Analysts are looking for a loss of 22 cents per share on revenues of $802 million. When the company last reported on April 30, a loss of 36 cents missed estimates by 10 cents on a 10.2% rise in revenues. BP Amoco (BP)BP Amoco (NYSE:BP) shares are falling away from a multi-month challenge of its 200-day moving average. That's confirming a messy-looking head-and-shoulders reversal pattern that traces to a low of $37. That would mark a test of the December low. The stock has been in a sideways pattern since the summer of 2018, unable to top resistance near the $45-a-share threshold.The company will next report results on July 30. Analysts are looking for earnings of 80 cents per share on revenues of $72 billion. When the company last reported on April 30, earnings of 70 cents per share beat estimates by 3 cents on a 2.7% decline in revenues. Transocean (RIG)Transocean (NYSE:RIG), which provides offshore drilling services including the ultra-deepwater segment, is falling away from its 50-day moving average and setting up a retest of the June low. The stock has already fallen below a multiyear trading range between $14 and $8 per share. The range was in play between 2015 and 2019. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The company will next report results on July 29 after the close. Analysts are looking for a loss of 33 cents per share on revenues of $766 million. When the company last reported on April 29, a loss of 30 cents beat estimates by a penny on a 13.6% rise in revenues. EnCana (ECA)Canadian oil company EnCana (NYSE:ECA) has violated its June low, which in turn violated its December low. That cleared the way for a decline to levels not seen since early 2016. Shares of lost more than two-thirds of their value from the highs seen as recently as late last year. The company recently announced it would sell its Arkoma Basin natural gas assets for $165 million.The company will next report results on July 31 before the bell. Analysts are looking for earnings of 18 cents per share on revenues of just over $2 billion. When the company last reported on April 30, earnings of 14 cents per share beat estimates by five cents. Devon Energy (DVN)Devon Energy (NYSE:DVN) is an independent oil and gas company based in Oklahoma. It has broken down out of its lower Bollinger Band to shy away yet again from its 200-day moving average. Watch for a decline back to the early June low and a likely violation back to the December low near $20. Such a move would be worth a loss of roughly 20% from here. * 10 Stocks to Sell for an Economic Slowdown The company will next report results on Aug. 6 after the close. Analysts are looking for earnings of 42 cents per share on revenues of $2.2 billion. When the company last reported on April 30, earnings of 36 cents per share beat estimates by eight cents.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post 6 Energy Stocks Spilling Lower appeared first on InvestorPlace.
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.
I have a simple yet effective way to screen for potential stocks to buy. If a stock price has dropped significantly, I check the insider buying.Insiders are people who have access to confidential information about the company. It goes without saying that they probably have a much better idea of what is happening in the company than most analysts. They certainly know more about it than I do.Over the years, many insiders have used this information to gain an unfair advantage over uninformed investors. One of the regulations that the SEC has established to prevent this kind of activity is the requirement that an insider must publicly disclose when they have made a transaction in their stock.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBecause of this, we outsiders can profit. We can find out if the insiders are buying or selling.There are many reasons why an insider of a company may be motivated to sell their stock. They could need to raise money for things such as buying a house, installing a pool, or paying a college tuition. But an insider will only buy the stock for one reason -- they believe that the stock is undervalued and that it will trade at a higher price, where they can make money. * 7 A-Rated Stocks to Buy for the Rest of 2019 These companies are on my radar screen as potential stocks to buy due to the significant insider buying that has occurred recently. Stocks to Buy: Carnival (CCL)Carnival (NYSE:CCL) is the popular cruise ship company. It has worldwide operations but the headquarters are in Miami, Florida.CCL has lost over 10% of its value since its June 20 earnings release was a disappointment to investors. Since then, there has been some significant insider buying.Last week, the president and chief executive officer of Carnival, Arnold Donald, made some large purchases of the stock. He invested $1 million when he bought 22,050 shares around $45.31.Mr. Donald also made a similar size investment in December, when the markets made the significant move lower and CCL was trading around current levels. He must believe that the stock is a good value at these levels.Randall Weisenburger is a director of Carnival. He must also believe that the recent selloff is over because he just made a considerable personal investment as well. He just paid $46.50 for 20,000 shares. This is $930,000. Hooker Furniture (HOFT)Hooker Furniture (NASDAQ:HOFT) is a home furnishings and logistics company. That's a fancy way of saying that they make and sell furniture.The stock of HOFT has dropped over 50% in the past year. At this time last year it was trading around $48 per share. The most recent close was $21.32. In June the shares dropped from $27 to current levels due to disappointing earnings results. The company blamed it on tariffs and higher lumber costs. * 7 Retail Stocks to Buy That Are Down in 2019 Douglas Townsend is the co-president of the Home Meridian Segment of the company. He must believe that this selloff has come to an end. Mr. Townsend just invested over $100,000 when he bought 4,900 shares at $21.64. Nymox Pharmaceutical Corporation (NYMX)Nymox Pharmaceutical Corporation (NASDAQ:NYMX) is a biopharmaceutical company that engages in research and development of products for the ageing population. This sounds like a great business to be in, but NYMX must being doing something wrong. Over the past year the share price has dropped by 60%.James Robinson is a director of Nymox. Mr. Robinson must be tired of watching the stock fall and thinks that this selloff is overdone. He invested $150,000 when he recently paid around $1.50 for 100,000 shares.No firms on Wall Street follow this company. Some investors may consider this to be a good thing because they believe that if they can get into it before it is "discovered" by the big players, they will be able to make significant profits. Kroger (KR)Kroger (NYSE:KR) operates various types of stores, including food and drug stores, multi-department stores, jewelry stores and convenience stores.Like many retailers, KR stock has had a rough time over the past year. Shares have lost about 30% of their value since their highs last September. Some blame this on a combination of tariff concerns and the Amazon (NASDAQ:AMZN) effect.Ronald Sargent is Kroger's lead director. He must believe that the recent selloff has created a great buying opportunity. He just invested $107,000 of his personal funds when he bought 5,000 shares at $21.49. * 10 Stocks That Should Be Every Young Investor's First Choice This is the first time an insider has purchased shares of KR in two years. Maybe this is because the Board of Directors just increased the dividend by 14%. Dave & Busters Entertainment (PLAY)Dave & Busters Entertainment (NASDAQ:PLAY) owns and operates entertainment and dinning venues. Its concept is to offer customers the opportunity to eat, drink and play in one location.Unfortunately for the shareholders of PLAY, they have not been as entertained as the short-sellers have. Since early May, the price of the stock has fallen by 30%. This includes the drop of 20% that occurred when the company missed earnings estimates in early June.Michael Griffith is a director of Dave & Busters. He apparently thinks that this recent weakness in the stock has created a buying opportunity. He just invested almost $200,000 of his own money when he purchased 5,000 shares at an average price of $39.31.Currently, 10 firms on Wall Street follow PLAY stock. They like it as well. The average rating is overweight and the average price target is $50. Greif (GEF)Greif (NYSE:GEF) produces industrial packaging products and services.In the past four months, the price of GEF stock has dropped from $42 to $34. This has been attributed by analysts to lower volumes of sales in some sectors and higher debt burdens. It could also be under pressure due to worries about tariffs.Peter Watson is the president and chief executive officer of Greif. He must believe that the selloff is over and that the stock will appreciate from here. Mr. Watson just paid $32.71 for 15,000 shares of GEF. That is a $500,000 investment. * 7 F-Rated Stocks to Sell for Summer Seven firms follow Greif. Opinion seems to be widely varied. There are three buy ratings, three sell ratings, and one hold rating.As of this writing, Mark Putrino did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 A-Rated Stocks to Buy for the Rest of 2019 * 7 Education Stocks to Buy for the Future of Academia * 5 Stocks to Buy as You Rebalance Your Portfolio The post 6 Stocks to Buy Based on Insider Buying appeared first on InvestorPlace.
The decline in count for oil drilling rigs in the United States reflects conservative capital spending by domestic explorers and producers.
Transocean Ltd. (RIG) announced today that it will report earnings for the second quarter of 2019, on Monday, July 29, 2019, following the close of trading on the NYSE. Individuals who wish to participate should dial +1 323-794-2590 and refer to conference code 6485183 approximately 10 minutes prior to the scheduled start time. Transocean is a leading international provider of offshore contract drilling services for oil and gas wells.
The considerable rise in oil price over the past month has likely prompted crude drillers to add rigs despite plans of conservative investments.
Anadarko Petroleum (APC) and partners has decided to go ahead with their $20 billion Mozambique LNG project, while Archrock (AROC) agreed to buy a gas compression assets-provider for $410 million.
While small-cap stocks, such as Transocean Ltd. (NYSE:RIG) with its market cap of US$3.8b, are popular for their...
One of the most recognizable office properties in Houston’s Greenway Plaza submarket has a new owner.
"The end to the U.S. Government shutdown, reports of progress on China-U.S. trade talks, and the Federal Reserve’s confirmation that it did not plan further interest rate hikes in 2019 allayed investor fears and drove U.S. markets substantially higher in the first quarter of the year. Global markets followed suit pretty much across the board […]
Comstock Resources (CRK) agreed to buy Cover Park Energy for $2.2 billion. Meanwhile, Royal Dutch Shell (RDS.A) pledged to return at least $125 billion to its shareholders between 2021 and 2025.
As stocks pullback from record highs, lowered market valuations are making a number of companies look like strong potential takeover targets.
Although total rig count in the United States increases through the week till May 31, the tally may fall in the coming weeks owing to declining capital spending by U.S. explorers and a drop in oil prices.
Charles Lemonides, chief investment officer of ValueWorks, which manages about $220 million for private and institutional clients in New York, named two oil-services companies he has invested in for the long term. Flynn said that when the price of oil was rising in late 2017 and early 2018, oil-services companies were “ramping up,” but then “got caught leaning the wrong way” as a reversal in price action led to a significant decline in the U.S. shale rig count.