|Bid||17.15 x 4000|
|Ask||28.00 x 1800|
|Day's Range||25.65 - 26.44|
|52 Week Range||12.29 - 28.20|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.10 (0.38%)|
|1y Target Est||N/A|
Now, we’ll discuss the top five upstream companies that reported the highest operating margins in the first quarter. In the first quarter, Concho Resources (CXO) reported operating margins of ~108%—compared to 173% in the first quarter of 2017. The revenues increased 55% YoY (year-over-year) in the first quarter, while the operating income fell ~4%.
Increasing interest in the Permian Basin has been evident across the upstream oil and gas industry over the past two years. Distinguished Eagle Ford players such as Devon Energy (DVN) and Pioneer Natural Resources (PXD) dedicated their 2016 and 2017 budgets away from the Eagle Ford Shale. Both companies dedicated only two rigs to Eagle Ford in the first half of 2017.
On April 4, SM Energy (SM) announced the sale of its noncore assets worth $292.3 million and its decision to continue its strategy of focusing on the Midland Basin and the Eagle Ford Shale play while reducing its debt. As a result, SM Energy estimates a reduction of 1.2 million boe (barrels of oil equivalent) in production this year from both transactions and roughly 3% of the company’s 2018 production guidance as of February 21. Year-to-date, SM Energy has announced the expected divestiture of ~$792 million of its noncore assets.
The Denver-based company said it had net income of $2.81 per share. Earnings, adjusted for non-recurring gains, were 7 cents per share. The results exceeded Wall Street expectations. The average estimate ...
* Indonesia set for biggest weekly fall in nearly 5 years * Malaysia posts biggest intraday pct gain in over a week By Sumeet Gaikwad April 27 (Reuters) - Southeast Asian stock markets rose on Friday after ...
SM Energy Company’s (NYSE:SM): SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquidsRead More...
U.S. stock markets continued their winning streak for the second consecutive day supported by robust first-quarter earnings results and strong economic data
Centennial Resource Development (CDEV) has the fourth-highest capex growth forecast in 2018. The company forecast a capex budget of ~$968 million compared to $696.4 million in 2017, which represents ~39% growth.
SM Energy (SM) has provided a capex or capital expenditure budget of $1.27 billion for 2018 compared to $888 million in 2017, which represents ~43% growth.
The Zacks Analyst Blog Highlights: Royal Dutch, SM Energy, Kinder Morgan, Carrizo Oil and SeaDrill
Royal Dutch Shell (RDS.A) and upstream player SM Energy Company (SM) decided to offload certain none-core assets, while Kinder Morgan (KMI) stopped work on the controversial Trans Mountain project.
SM Energy's (SM) divestitures are in sync with the company's strategy to focus on the development of its core holdings in top tier Midland Basin and Eagle Ford assets.
A down day for oil prices -- driven by trade-war fears -- is the biggest catalyst driving down SM Energy's stock price today.
Several companies made headlines as the week kicked off, including Aimmune Therapeutics Inc (NASDAQ:AIMT), AnaptysBio Inc (NASDAQ:ANAB) and SM Energy Co (NYSE:SM). Aimmune Therapeutics is making waves with a pill that could help deal with peanut allergies. Although the medication doesn’t cure this allergy, it is an immunotherapy treatment that would help people who may be exposed to peanuts accidentally.
SM Energy (SM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Renowned resort architect says creating a destination enhances all of its pieces. Japan, considering casino legalization, should feature local ingenuity.