14.73 0.00 (0.00%)
After hours: 5:40PM EST
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||14.64 - 14.90|
|52 Week Range||8.40 - 15.17|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 21, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||16.87|
A new estimate from the U.S. government projects a big uptick in U.S. oil production from shale next month.
The widespread, record-breaking cold weather led to a record-high net withdrawal of 359 Bcf from underground natural gas storage facilities for the week ending Jan 5.
These oil stocks have a gusher of new production coming on line this year at a time when crude is at a three-year high, which means they could fuel big-time profits for investors.
The Zacks Analyst Blog Highlights: Rex Energy, WPX Energy, Antero Resources, EQT and Cabot Oil & Gas
EIA's weekly inventory release showing a smaller-than-expected decrease in supplies, together with forecasts for an end to the frigid cold snap, send U.S. natural gas futures sliding last week.
Between December 27, 2017, and January 3, 2018, natural gas–weighted stocks from the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) rose 4.9%.
Oil prices are important for natural gas supplies. Oil can impact the market sentiment across other markets like gas and equities as well.
In the week ending December 22, natural gas inventories were at 3,332 Bcf (billion cubic feet)—a fall of 112 Bcf compared to an estimated fall of 115 Bcf.
US dry natural gas production rose 0.7% to 76.8 Bcf (billion cubic feet) per day on December 14–20, 2017, according to PointLogic.
Between December 20 and December 27, 2017, natural gas–weighted stocks outperformed natural gas February futures by 1.3 percentage points.
All these natural gas–weighted stocks show a higher correlation with oil than with natural gas prices in this short-term period.
January US natural gas (UGAZ) futures contracts were below their 100-day, 50-day, and 20-day moving averages on December 21, 2017.
For 9M17 (the first nine months of 2017), WPX Energy (WPX) had normalized free cash flows (or FCF) of about -275%, the fifth lowest among the crude oil (USO) and natural gas (UNG) producers we have been ...
WPX Energy (WPX) benefits from its focus to increase oil production and divestiture of non-core gas operations help it to expand oil operations.
WPX Energy has completed the divestiture of its legacy natural gas position in the San Juan Basin. The sales price was $169 million, subject to typical closing adjustments.
WPX Energy (WPX) and Chesapeake Energy (CHK) were the only natural-gas-weighted stocks that closed in the green in the trailing week.
In the week ended December 8, 2017, natural gas inventories fell by 69 Bcf (billion cubic feet) compared to the expected decline of 55 Bcf.
Between December 13 and December 20, 2017, WPX Energy (WPX) had a correlation of just 5.2% with US crude oil (USO) (USL) February futures.
U.S. Natural gas futures plunged last week, as warm winter weather forecasts dampen demand and pressure prices that are already struggling due to strong output.