|Bid||0.00 x 4000|
|Ask||0.00 x 900|
|Day's Range||15.95 - 16.27|
|52 Week Range||11.93 - 22.92|
|PE Ratio (TTM)||12.03|
|Earnings Date||Jul 30, 2018|
|Forward Dividend & Yield||0.08 (0.47%)|
|1y Target Est||21.33|
As we saw in the previous part of this series, Southwestern Energy’s (SWN) stock price had decreased ~2% from July 9 to July 13. Natural gas (BOIL) prices fell almost 4%. So SWN’s stock price outperformed natural gas prices last week. In this part of our series, we’ll look at the correlation between SWN’s stock and natural gas prices.
On July 12, 2018, natural gas’s implied volatility was 20.1%, ~5.5% above its 15-day moving average. In the trailing week, natural gas’s August futures fell 1.4%, and the implied volatility fell ~0.5%. However, since March 2018, these two variables have broadly diverged.
The natural gas–weighted stocks on our list that are sensitive to US crude oil August futures’ movements based on their past five trading sessions’ correlations with US crude oil August futures are as follows: Chesapeake Energy (CHK) at 90.2% Antero Resources (AR) at 75.3% Range Resources (RRC) at 53.8% Gulfport Energy (GPOR) at 49.2% Cabot Oil & Gas (COG) at 37.2%
The Oil & Gas Conference® 2018 presenting companies: - 40 North American shale E&Ps - 7 international E&Ps - 10 other producers - 9 oilfield service providers - 9 private E&Ps, midstream and data providers ...
On July 10, natural gas August futures closed at a premium of ~$0.11 to August 2019 futures. On July 3, the futures spread was at a premium of ~$0.17. On July 3–10, natural gas August futures fell 2.9%.
In the week ending June 29, natural gas inventories rose by 78 Bcf (billion cubic feet) to 2,152 Bcf—based on the EIA’s (U.S. Energy Information Administration) data announced on July 6. In the past five years, natural gas inventories have risen by an average of ~70 Bcf at this time of the year. On July 6, natural gas August futures rose 0.7%.
As we learned in the previous article, Southwestern Energy’s (SWN) stock price rose ~7% from July 3 to July 9. As we can see, SWN’s stock price outperformed natural gas prices last week. In this article, we’ll try to understand the correlation between SWN’s stock price and natural gas prices.
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).
Twitter (NYSE:TWTR), for instance, fell more than 5% on news that it was shutting down as many as 70 million accounts it believes are fake accounts. With that as the backdrop, stock charts of Range Resources (NYSE:RRC), SBA Communications (NASDAQ:SBAC) and Pfizer (NYSE:PFE) say these names are shaping up as the more reliable trading bets. Click to Enlarge • The compelling underpinnings here are evident on the monthly chart.
Range Resources and shareholder SailingStone Capital Partners have come to an agreement to add two independent directors to Range Resources’ board of directors.
Range is based in Fort Worth, Texas, but has major operations in Pennsylvania, where it is one of the state's biggest natural gas drillers.
FORT WORTH, Texas, July 09, 2018-- RANGE RESOURCES CORPORATION and SailingStone Capital Partners, LLC, owner of approximately 17% of Range’ s shares outstanding, today jointly announced that they have ...
On July 5, natural gas’s implied volatility was 20.2%—7.7% below its 15-day moving average. In the trailing week, natural gas’s August futures fell 3.5%, while implied volatility fell 4.7%. Since March, these two variables have broadly diverged.
Federal regulators have approved a request by Tennessee Gas Pipeline that will allow the company to boost its natural gas exports to Mexico.
On July 3, natural gas August 2018 futures closed at a premium of ~$0.17 to August 2019 futures, and on June 26, the futures spread was at a premium of ~$0.23. Between June 26 and July 3, natural gas August futures fell 2.1%.
In the week ended June 22, natural gas inventories rose 66 Bcf (billion cubic feet) to 2,074 Bcf, based on the EIA’s (U.S. Energy Information Administration) data announced on June 28. In the past five years, natural gas inventories have risen an average of ~72 Bcf at this time of year. On June 28, natural gas August futures fell 1.4%.
Between June 26 and July 3, among the natural gas–weighted stocks on our list, only Chesapeake Energy (CHK) and Antero Resources (AR) had positive correlations with US crude oil August futures: Chesapeake Energy: 72.9% Antero Resources: 32.5%
As we saw in the previous part of this series, Southwestern Energy’s (SWN) stock price had decreased by ~1% from June 26 to July 2. Natural gas (BOIL) prices fell 2%. So SWN’s stock price outperformed natural gas prices last week. In this part of our series, we’ll look at the correlation between SWN’s stock and natural gas prices.
Does Cabot Oil & Gas Have a Winning Strategy? From 2018 to 2020, Cabot Oil & Gas (COG) expects to see a compound annual growth rate of 17%–21% (20%–24% on a divestiture-adjusted basis) in its production volumes. Cabot Oil & Gas’s management is focused on improving the return on capital employed, which it expects to increase from 7.3% in 2017 to 18%–23% by 2020—based on the NYMEX natural gas price range of $2.75–$3.25.
Unlike its oil-weighted peers, Cabot Oil & Gas (COG) hasn’t risen much this year. The natural gas–weighted company’s stock has declined 4.5% YoY (year-over-year). During the same period, natural gas prices (UGAZ) have fallen ~2%. Natural gas accounted for 97% of Cabot Oil & Gas’s first-quarter production.
On June 28, natural gas’s implied volatility was 21.2%—4.9% below its 15-day moving average. In the week prior, natural gas’s August futures fell 1.1%, and its implied volatility fell 6.6%. However, since March, these two variables have broadly diverged.
FORT WORTH, Texas, June 29, 2018-- RANGE RESOURCES CORPORATION announced today that its second quarter 2018 financial results news release will be issued Monday, July 30 after the close of trading on the ...
Prices and indicators have improved enough for traders to nibble from the long side. Let's take a look at the charts and indicators to appraise the potential and the risk. In this daily bar chart of RRC, below, we can see a low in February and a slightly higher low in late April/early May. This month RRC has moved above its March highs to create an uptrend - a series of higher highs and higher lows.
Two natural gas producers in the Marcellus Shale have cut back slightly in recent weeks. EQT Corp. (NYSE: EQT) idled as many as five hydraulic fracturing crews, and Range Resources Corp. (NYSE: RRC) laid down a top-hole rig in recent weeks, according to people familiar with the matter. Both companies said they wouldn't change their activity level or forecasted production for the year, and industry sources don't believe the slight changes in activity are a harbinger for a reduced amount of drilling in the Appalachian basin.
Stocks with market capitalization between $2B and $10B, such as Range Resources Corporation (NYSE:RRC) with a size of US$4.11b, do not attract as much attention from the investing community asRead More...