67.23 -0.06 (-0.09%)
After hours: 5:13PM EDT
|Bid||67.22 x 1400|
|Ask||67.29 x 800|
|Day's Range||66.48 - 67.40|
|52 Week Range||53.36 - 79.42|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.24|
|Expense Ratio (net)||0.13%|
Julian Emanuel, BTIG, on the approaching rally and why financials is a top sector. With CNBC's Joe Kernen and the Fast Money traders, Tim Seymour, Brian Kelly, Steve Grasso and Guy Adami.
Yahoo Finance's Adam Shapiro and Julie Hyman join RJO Futures Phil Streible to discuss the IEA report that Venezuela's oil industry is at risk of collapsing.
Howard Silverblatt, Senior Index Analyst, Index Investment Strategy at S&P Dow Jones Indices, joins The Final Round to discuss the 10 year bull market
Shares of Murphy Oil Corp. rallied 4.1% toward a 3 1/2-month high in premarket trade Thursday, after the oil and natural gas exploration and production company announced a deal to sell its primary Malaysian subsidiaries for $2.13 billion in cash to PTT Exploration and Production Public Company. Murphy could receive a bonus payment of up to $100 million for reaching certain future exploratory drilling results. The Malaysian subsidiaries accounted for 16% of Murphy's year-end 2018 proved reserves of 816 million barrels of oil equivalent. With the proceeds from the deal, Murphy approved a new $500 million stock repurchase program, and plans to pay down $750 million in debt. Murphy said it expects to book a gain from the deal of $900 million to $1.0 billion and plans to repatriate nearly all of the cash proceeds to the U.S. The stock has gained 15.2% over the past 12 months, while the SPDR Energy Select Sector ETF has slipped 2.6% and the S&P 500 has gained 4.1%.
Encana Corp. said Thursday Chief Financial Officer Sherri Brillon will retire effective May 1, after 10 years in the role. The energy producer said it appointed Corey Code, a 20-year veteran of the company, was most recently vice president, investor relations and strategy, and has served as treasurer. The stock, which was still inactive in premarket trade, has soared 29.9% year to date, while the SPDR Energy Select Sector ETF has climbed 16.5% and the S&P 500 has rallied 12.7%.
Crude oil prices topped $60 a barrel briefly Wednesday as a stunning drop in domestic inventories overpowered global developments in oil markets.
Will the Rise in Natural Gas Continue?(Continued from Prior Part)Natural gas rig count The natural gas rig count was at 193 last week—unchanged from the previous week. The natural gas rig count has fallen ~88% from its record level of 1,606 in
Where Natural Gas Prices Could Head This WeekNatural gas’s implied volatility Yesterday, natural gas’s implied volatility was 19.8%, ~6.6% below its 15-day moving average. Since February, natural gas’s implied volatility and prices have
PAA, WMB, and OKE: Midstream Stocks Rose Last WeekMidstream stocks rose Midstream stocks were largely positive last week. Plains All American Pipeline (PAA), Williams Companies (WMB), and ONEOK (OKE) rose 2.5%, 2.3%, and 1.9%, respectively. The
What's behind Your Energy Portfolio Gains?(Continued from Prior Part)US equity indexes Between March 7 and March 14, US equity indexes had the following correlations with US crude oil April futures: the Dow Jones Industrial Average (DIA): 73.7% the
What’s Ahead for Kinder Morgan Stock?KMI reaches new 52-week highKinder Morgan (KMI) stock touched a new 52-week high of $20.06 on March 13. The stock has risen ~30% so far in 2019. It has outperformed peers Enterprise Products Partners (EPD),
The Energy Select Sector SPDR (NYSEArca: XLE), the largest equity-based energy exchange traded fund, is lower by 2.51% over the past week and while some traders are preparing for more downside in the resurgent ...
Will the Weakness in Natural Gas Continue?(Continued from Prior Part)Natural gas rig countThe natural gas rig count was at 193 last week—two less than the previous week. The natural gas rig count has fallen ~88% from its record level of 1,606 in
Last week, the previously bullish energy sector languished through its worst performance of 2019. The Energy Select Sector SPDR (NYSEArca: XLE), the largest equity-based energy exchange traded fund, slipped ...
Midstream Stocks Outperformed Broader Markets Last WeekMidstream stocks last week Midstream stocks and MLPs broadly outperformed the broader markets last week. The Alerian MLP Index was flat while the S&P 500 Index fell 2.2% for the week. US
Energy Sector: Key Development Last Week(Continued from Prior Part)Energy sub-sector ETFs In the week ending March 8, major energy subsector ETFs had the following performances: The Alerian MLP ETF (AMLP) rose 0.1%. The VanEck Vectors Oil Refiners
What's Weakening Your Energy Portfolio?(Continued from Prior Part)US equity indexes On February 28–March 7, US equity indexes had the following correlations with US crude oil April futures: the S&P Mid-Cap 400 (IVOO): -60.6% the S&P 500
Midstream Sector Indicators: Analyzing Key TrendsCrude oil prices So far, US crude oil prices have risen ~25% in 2019. The strength in oil prices is reflected in energy stocks’ year-to-date performance. The Energy Select Sector SPDR ETF (XLE) has
What's Weakening Your Energy Portfolio?(Continued from Prior Part)Correlation with US crude oilOn February 28–March 7, major energy ETFs had the following correlations with US crude oil April futures:the Alerian MLP ETF (AMLP): 17.4%the SPDR
Shares of Chesapeake Energy Corp. slumped 1.1% in midday trade, putting them on track for the first loss in five sessions since the oil and gas company reported fourth-quarter earnings. Analyst John Gerdes at MKM Partners reiterated his neutral rating and $3 stock price target, which is 5.1% below current levels, saying the stock trades at an "almost 20% premium" to its peers. Gerdes said that while the completion of the WildHorse Resource Development Corp. acquisition last month adds "material high margin oil asset," Chesapeake's full-cycle return of about 90% remains meaningfully below the industry median cash recycle ratio of about 120%, as a consequence of a lower cash margin. The stock had run up 21% to close Monday at the highest level since Nov. 21, after the company reported before last Wednesday's open fourth-quarter earnings and revenue that beat expectations. The stock has gained 9.2% over the past three months, while the SPDR Energy Select Sector ETF has edged up 1.0% and the S&P 500 has advanced 3.3%.
MMP, KMI, OKE, and ET: How Top Midstream Stocks Fared Last WeekTop midstream stocks The top midstream sector stocks ended mixed last week. Magellan Midstream Partners (MMP) and Kinder Morgan (KMI) rose 4.6% and 2.2%, respectively, last week. However,
A largely unanticipated cut in oil supplies will send prices for crude oil surging this year. exchange-traded fund, which tracks the price of Brent crude oil. "Saudi Arabia is now implementing a 'Saudi-first' oil policy, and the market should take seriously OPEC's pull-back on production to support prices after the declines late last year," writes Joe McMonigle, senior energy policy analyst at investment research firm Hedgeye Risk Management and former chief of staff at the Department of Energy.