20.02 0.00 (0.00%)
After hours: 5:19PM EST
|Bid||12.48 x 1000|
|Ask||0.00 x 1000|
|Day's Range||19.71 - 20.44|
|52 Week Range||13.15 - 33.76|
|Beta (3Y Monthly)||4.14|
|PE Ratio (TTM)||13.08|
|Earnings Date||Feb 19, 2019 - Feb 25, 2019|
|Forward Dividend & Yield||0.10 (0.51%)|
|1y Target Est||26.68|
Upstream Review for the Week Ending January 11 (Continued from Prior Part) ## Upstream stocks On January 4–11, QEP Resources (QEP) gained the most on our list of upstream energy stocks from the SPDR S&P Oil & Gas Exploration & Production ETF (XOP). XOP rose 6.2%—the second-largest rise among the major energy ETFs that we discussed in the previous part of this series. On January 7, QEP Resources announced that it has received “a preliminary proposal from Elliott Management Corp. (“Elliott”) to acquire the Company for $8.75 per share in cash, subject to certain conditions including, among others, satisfactory completion of due diligence and negotiation of definitive documentation.” On the same day, QEP Resources rose 40.3%. ## Other outperformers Chesapeake Energy (CHK), SM Energy (SM), Matador Resources (MTDR), and Hess (HES) were the second, third, fourth, and fifth-largest outperformers, respectively, on our list of upstream energy stocks last week. On January 9, Chesapeake Energy reported its fourth-quarter preliminary results and operational details. On the same day, Chesapeake Energy rose ~12.7%. Chesapeake Energy has hedged ~16 MMbbls (million barrels) of 2019 oil production at $58.61 per barrel, which is higher than WTI’s forecast for 2019. Chesapeake Energy hedged 7 MMbbls of its 2019 forecasted production in the Eagle Ford at $6 more than WTI prices. LLS (Louisiana Light Sweet) crude oil versus WTI at Cushing, or the LLS-WTC spread, fell to $4.5 per barrel on December 27—the lowest level since August 24. LLS is the benchmark for most light sweet crude produced in the Eagle Ford region in Texas. On January 4, Hess announced that it will report its fourth-quarter earnings on January 30. Analysts’ consensus estimate suggests that Hess might report negative earnings of 21 cents per share. Last week, US crude oil January futures closed at $51.59 per barrel, while natural gas January futures closed at $3.09 per MMBtu. Next, we’ll discuss the biggest declines in the upstream energy space. Continue to Next Part Browse this series on Market Realist: * Part 1 - Upstream Sector Rose Last Week * Part 3 - Which Upstream Stocks Underperformed Last Week?
Between January 4 and January 11, upstream stock QEP Resources (QEP) gained the most among our selected energy stocks, which include the following ETFs: the Alerian MLP ETF (AMLP) the Energy Select Sector SPDR ETF (XLE) the VanEck Vectors Oil Services ETF (OIH) the VanEck Vectors Oil Refiners ETF (CRAK) the SPDR S&P Oil & Gas Exploration & Production ETF (XOP)
Investing is much like gambling, and it seems that the fortune can’t stay with the same person for too long. Well, some ups and downs are expected and logical, but what happens when there are no more ups? This seems to be the recent story for many hedge funds who have been primarily investing in […]
* Broader Asia index ex-Japan up 0.2 pct * Singapore and Malaysia snap six sessions of declines By Shanima A Dec 12 (Reuters) - Southeast Asian stock markets ended higher on Wednesday, as optimism swept ...
The government requires hedge funds and wealthy investors with over a certain portfolio size to file a report that shows their positions at the end of every quarter. Even though it isn’t the intention, these filings level the playing field for ordinary investors. The latest round of 13F filings disclosed the funds’ positions on September […]
Jay Ottoson became the CEO of SM Energy Company (NYSE:SM) in 2015. This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. After that, Read More...
SM Energy (SM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
SM Energy's (SM) Q3 results gain from higher oil production and liquids price realizations, offset by higher operating expenses.
NEW YORK, Nov. 06, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
SM Energy (SM) delivered earnings and revenue surprises of -106.67% and 7.24%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
The Denver-based company said it had a loss of $1.21 per share. Losses, adjusted for non-recurring costs, were 1 cent per share. The results fell short of Wall Street expectations. The average estimate ...
DENVER , Nov. 1, 2018 /PRNewswire/ -- SM Energy Company ("SM Energy" or the "Company") (NYSE: SM) today announced financial and operating results for the third quarter of 2018. Highlights ...
Three years after a ban on crude oil exports was lifted, some U.S. shale producers are doing something they have never done before - lock in prices for their barrels that will find a home overseas. Shale companies, primarily those operating in the Permian basin, the biggest U.S. oilpatch, are finding new ways of insulating themselves from the wide discount of U.S. West Texas Intermediate crude futures (WTI) to the global benchmark Brent (WTCLc1-LCOc1). In the second quarter, as WTI's discount to Brent whipsawed and widened to the most in over three years, WPX Energy Inc (WPX.N), SM Energy Co (SM.N) and Oasis Petroleum Inc (OAS.N) began quietly erecting specialized hedges, a Reuters analysis of company filings found.
Three years after a ban on crude oil exports was lifted, some U.S. shale producers are doing something they have never done before - lock in prices for their barrels that will find a home overseas. Shale companies, primarily those operating in the Permian basin, the biggest U.S. oilpatch, are finding new ways of insulating themselves from the wide discount of U.S. West Texas Intermediate crude futures (WTI) to the global benchmark Brent (WTCLc1-LCOc1). In the second quarter, as WTI's discount to Brent whipsawed and widened to the most in over three years, WPX Energy Inc (WPX.N), SM Energy Co (SM.N) and Oasis Petroleum Inc (OAS.N) began quietly erecting specialised hedges, a Reuters analysis of company filings found.
SM Energy (SM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
DENVER , Oct. 18, 2018 /PRNewswire/ -- SM Energy Company (the "Company") (NYSE: SM) today announced certain operating results for the third quarter of 2018, including production, realized pricing ...
The Eagle Ford Shale in Texas is likely to experience heightened activity in the near-to-medium term with a portion of Permian capital set to land in this rich oil and gas-producing formation.
SM Energy (SM), an exploration and production company focused on South Texas, the Gulf Coast, and the Permian Basin, is 78.0% above its 52-week low despite the US upstream energy sector’s recent correction. SM’s strength could be due to its production growth in the Midland Basin and higher crude oil and natural gas prices. The company’s daily average Q2 production comprised ~42% crude oil, ~40% natural gas, and ~18% natural gas liquids.