|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||95.46 - 97.04|
|52 Week Range||82.45 - 130.16|
|PE Ratio (TTM)||16.75|
|Earnings Date||Aug 7, 2018|
|Forward Dividend & Yield||0.64 (0.63%)|
|1y Target Est||125.87|
Apache (APA) expects its second-quarter North America production to average 248 Mboepd (thousand barrels of oil equivalent per day). The international (Egypt and the North Sea) guidance for the second quarter is 135 Mboepd—compared to the international production of ~144 Mboepd in the second quarter of 2017. Apache’s North America production in 2018 is expected to be 250 Mboepd–258 Mboepd.
Apache (APA) is scheduled to release its second-quarter earnings on August 1 after the market closes. The expected rise in crude oil price realizations due to the better crude oil price environment in the second quarter explains the higher expected rise in Apache’s second-quarter revenues.
Approximately 36.4% of the Wall Street analysts rated Whiting Petroleum (WLL) as a “buy,” 45.5% rated it as a “hold,” and ~12% rated it as “underperform.”
EQT (EQT) is forecasting production of 360–370 Bcfe (billion cubic feet equivalent) for the second quarter of 2018 compared to production of ~198.1 Bcfe in the second quarter of 2017.
WTI (West Texas Intermediate) is the US benchmark for crude oil trading on the NYMEX (New York Mercantile Exchange). WTI is priced at Cushing, Oklahoma, which is the point of delivery for crude oil futures contracts trading on the NYMEX. WTI Midland is the price of crude oil at the Permian Basin.
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To conclude our series, we’ll discuss Wall Street analysts’ recommendations for the leading decliners in the first half of 2018 from the Energy Select Sector SPDR ETF (XLE).
In the first half of 2018, Cimarex Energy (XEC) was the second-lowest performer among the energy stocks in the Energy Select Sector SPDR ETF (XLE). Cimarex Energy is an unconventional resource play with operating areas in the Eagle Ford Shale in South Texas and the Delaware Basin in West Texas. XEC also has operations in Oklahoma and New Mexico.
In this part, we’ll see how hedge funds are positioning themselves in the leading first-half decliners from the Energy Select Sector SPDR ETF (XLE).
In this article, we’ll move on to the worst performers from the oil and gas production, or upstream, sector in the US for the current week. To compile the list of the worst upstream performers this week, we’ll use oil and gas producers with market capitalizations greater than $100 million and an average trading volume greater than 100,000 shares last week.
WTI is the US benchmark for crude oil trading on NYMEX. WTI is priced at Cushing, Oklahoma. WTI is the point of delivery for futures contracts trading on NYMEX. WTI Midland is the price of oil at the Permian Basin. The WTI Cushing-WTI Midland spread reflects the pricing difference between a major production area and a major trading hub. The spread was at $12.5 per barrel on July 3—compared to $11.25 per barrel on June 27. The spread rose 11.11% on June 27–July 3.
DENVER , July 5, 2018 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) today announced it plans to report second quarter 2018 financial results on Tuesday, August 7, 2018 , after market close. The company ...
The EIA (U.S. Energy Information Administration) estimates that US crude oil production decreased by 2,000 bpd (barrels per day) to 10,467,000 bpd in April—compared to the previous month. However, the production increased by 1,335,000 bpd or ~14.6% from a year ago. The production hit a record high of 10,469,000 bpd in March.
As of June 22, the short interest ratio (short interest as a percentage of float) for Whiting Petroleum (WLL) stock was ~14%. Same time last year, the short interest ratio for Whiting Petroleum stock was ~4.8%. The short interest in Whiting Petroleum soared in November last year after the company announced its one-for-four reverse stock split decision.
Approximately 36.4% of the analysts rated Whiting Petroleum (WLL) as a “buy,” 45.5% rated it as a “hold,” and 12% rated it as “underperform.”
Short interest as a percentage of float in Apache (APA) stock as of June 25, 2018, was ~8%. Its short interest ratio a year ago was ~7.2%.
Oil prices rose on Wednesday as falling U.S. inventories and supply disruptions in Libya and Canada pushed the commodity higher just as global crude customers were being pressured by President Donald Trump to stop buying oil from Iran. West Texas Intermediate crude contracts for August delivery were trading up more than 3% to $72.75 per barrel around 1 p.m. Wednesday, while global benchmark Brent crude futures climbed almost 2% to $77.79. At 10:30 a.m., the U.S. Energy Information Administration confirmed a significant decline in U.S. crude inventories reported earlier this week by the American Petroleum Institute.
48.3% of analysts have rated Apache (APA) as a “hold.” Approximately 17.2% of the analysts have rated it as a “buy.” Around 21% of the analysts have rated the stock as an “underperform.”
Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as Cimarex Energy Co (NYSE:XEC), with a market capitalization of US$9.32b, rarely draw their attention from the investingRead More...
Between June 15 and June 22, upstream stock Denbury Resources (DNR) was the top gainer on our list of energy stocks. During that period, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) rose 5.4%, the highest rise among the major energy subsector ETFs we discussed in the previous part of this series.
The energy sector appears to have shaken off its dismal start to the year, rebounding nicely as oil prices continue their rise that began in the latter half of 2017. The fears are overdone, however, as some analysts see an opportunity for a rebound in names like Cimarex Energy Co. ( XEC), Matador Resources Co. ( MTDR), Parsley Energy Inc. ( PE), Diamondback Energy Inc. ( FANG), Concho Resources Inc. ( CXO) and Callon Petroleum Co. ( CPE), according to Barron’s.
While energy has had an impressive rebound since its poor start to the year, not all stocks have enjoyed the resurgence. Permian stocks have taken a beating over worries about bottlenecks, and the gap between the price of West Texas Intermediate and Brent crude have widened. Miletti heads up the firm's Private Market Valuation Equity team, which, as the name suggests, determines what companies would be worth if they were to be taken private, and buys stocks that are trading at a substantial discount to that figure.
On June 15, Oasis Petroleum’s (OAS) short interest as a percentage of float, or its short interest ratio, was ~12.9%. In June last year, Oasis Petroleum’s short interest ratio was 15.8%.