|Bid||0.00 x 800|
|Ask||0.00 x 4000|
|Day's Range||43.50 - 44.05|
|52 Week Range||33.60 - 51.45|
|PE Ratio (TTM)||12.88|
|Earnings Date||Aug 1, 2018 - Aug 6, 2018|
|Forward Dividend & Yield||1.00 (2.36%)|
|1y Target Est||44.92|
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.
The current implied volatility in Whiting Petroleum (WLL) is ~44.9%. In comparison, its peers Apache Corp. (APA) and Anadarko Petroleum (APC) have implied volatilities of ~30.8% and ~26.8%, respectively. The broader energy sector, represented by the Energy Select Sector SPDR ETF (XLE), has an implied volatility of ~16.5%.
The EIA’s (U.S. Energy Information Administration) May Short-Term Energy Outlook Report noted that WTI (West Texas Intermediate) crude oil would average $66 per barrel in 2018 and $61 per barrel in 2019.
In its May Drilling Productivity Report, the EIA (U.S. Energy Information Administration) estimated the average new-well production added by the rigs in each basin. According to the EIA, Eagle Ford rigs are the most productive as measured by new-well oil production per rig. The EIA expects new-well oil production per rig in the Eagle Ford Shale to rise the most by 53 barrels per day to 1,463 barrels per day in June compared to May.
Additionally, both companies have options to acquire stakes in the pipeline until the first quarter of 2019.
EPIC Midstream Holdings LP said on Thursday it formed strategic partnerships with Apache Corp and Noble Energy for its Texas pipeline, which is expected to be in service in the second half of 2019. The EPIC Crude Oil Pipeline will run beside the company's Natural Gas Liquids Pipelines for 730 miles from southeastern New Mexico to Corpus Christi, Texas, the company said in a statement. U.S. oil production has reached an all-time high, but the prolific output is causing bottlenecks as pipelines transporting the crude have filled up more quickly than expected.
EPIC Midstream Holdings, LP (“EPIC”) announced today that it has secured strategic partnerships for the EPIC Crude Oil Pipeline, which will run side-by-side with the EPIC Natural Gas Liquids (“NGL”) Pipeline for 730 miles from southeastern New Mexico to Corpus Christi, Texas. The EPIC Pipelines are backed by capital commitments from funds managed by the Private Equity Group of Ares Management, L.P. (ARES). Apache Corporation (NYSE, NASDAQ: APA) and Noble Energy (NBL) have committed to anchor the EPIC Crude Oil Pipeline, which will have an initial total capacity of 590 thousand barrels of oil per day (MBbl/d), including 440 MBbl/d from the Permian Basin and 150 MBbl/d from the Eagle Ford.
The majority of Wall Street analysts, or ~48.3%, have rated Apache (APA) stock as a “hold.” Approximately 17.2% of analysts have rated it as a “buy,” and ~21% of analysts have rated it as an “underperform.”
Following its 1Q18 earnings release after the market closed on May 2, Apache (APA) stock fell ~6%. The stock fell as a result of lower YoY (year-over-year) revenue and lower-than-expected earnings.
Having previously looked at Apache’s (APA) 1Q18 earnings and revenue, let’s consider its operational performance in the quarter.
Oil prices have been on the rise and so have stocks of oil and gas explorers and producers. The SPDR S&P Oil & Gas Exploration & Production ETF is up around 7% so far this year, versus around 12% for crude oil. There are still some laggards that are trading below industry averages. Pavel Molchanov, an analyst at Raymond James, cites five oil and gas stocks he thinks are particularly undervalued in today's market and worth a look.
Apanet SA. (WSE:APA) is currently trading at a trailing P/E of 10.1x, which is higher than the industry average of 10.1x. Although some investors may jump to the conclusion thatRead More...
NEW YORK, May 08, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Wayfair ...
Production from Apache's (APA) Permian Basin fields jump 25% to 182,972 barrels of oil equivalent per day, from a year earlier.
NEW YORK, NY / ACCESSWIRE / May 3, 2018 / U.S. markets closed lower Wednesday after the Fed released a statement indicating an interest rate increase would be likely in the coming months. The Dow Jones ...
Apache (APA) reported its 1Q18 earnings on May 2 after the market closed. It reported revenue of $1.74 billion, which is higher than analysts’ consensus estimate of $1.65 billion.
U.S. oil and gas producer Apache Corp posted a better-than-expected quarterly profit on Wednesday, as it benefited from higher U.S. light crude prices. Oil prices have recovered from lows hit in 2016, currently trading around $70 per barrel. Apache said total production fell 8.5 percent to 440,336 barrels of oil equivalent per day (boe/d) compared to a year earlier, but the figure beat analysts' estimates of 430,940 boe/d according to Thomson Reuters I/B/E/S.
On a per-share basis, the Houston-based company said it had profit of 38 cents. Earnings, adjusted for non-recurring gains, came to 32 cents per share. The results beat Wall Street expectations. The average ...
Apache Corp reported a 32 percent fall in first-quarter profit on Wednesday, as the oil and gas producer failed to benefit from higher crude oil prices due to lower output. Net income attributable to Apache's ...
Apache Corporation (NYSE, Nasdaq:APA) today announced first-quarter 2018 financial and operational results on its website at www.apachecorp.com or investor.apachecorp.com as well as on Twitter (@ApacheCorp). There will be a conference call on May 3 at 10 a.m. Central time to discuss the results. The conference call will be webcast from the website, and the webcast replay will be archived there as well.
A Reuters survey showed that OPEC’s crude oil production dropped by 70,000 bpd (barrels per day) to 32.12 MMbpd (million barrels per day) in April—compared to March. OPEC’s production was at a 12-month low. OPEC’s production declined due to lower production from Venezuela, Nigeria, Libya, and Angola.
Apache (APA) expects its unrealized gain on oil and gas price derivatives (before tax) to be $49 million in the first quarter.