|Bid||27.49 x 3100|
|Ask||28.03 x 800|
|Day's Range||27.35 - 28.53|
|52 Week Range||24.56 - 50.03|
|Beta (3Y Monthly)||2.04|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 30, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||1.00 (3.04%)|
|1y Target Est||36.60|
Antero Resources (AR) is well placed to grow further, thanks to Appalachian performance and growing capital efficiency. Rising costs and dampening demand outlook pose risks.
The divestment of non-core assets in the southern Midland Basin is in sync with Callon Petroleum's (CPE) deleveraging targets.
Luminus believes that Ensco Rowan (ESV) stock will gain momentum, once the company shows commitment in returning capital back to the shareholders through dividend payment.
U.S. stock futures are trading higher this morning, erasing Tuesday's slight losses.Ahead of the bell, futures on the Dow Jones Industrial Average are up 0.36% and S&P 500 futures are higher by 0.36%. Nasdaq-100 futures have added 0.47%.Calm settled on the options pits yesterday with calls leading the charge. Overall volume levels fell to its lowest level in weeks, particularly on the put side of the aisle. By day's end, some 15.5 million calls and 14 million puts changed hands.InvestorPlace - Stock Market News, Stock Advice & Trading TipsDespite the sluggish trading session, the CBOE single-session equity put/call volume ratio rose sharply to 0.77 -- a two-week high. Meanwhile, the 10-day moving average moved higher to 0.66.Options traders zeroed in on energy stocks. Apache Corporation (NYSE:APA) and Halliburton (NYSE:HAL) both reversed lower, showing a continuation of their downtrends. Elsewhere, Micron (NASDAQ:MU) fell amid widespread profit-taking in the semiconductor industry.Let's take a closer look: Apache (APA)Apache shares made a rare appearance on top of the most-active options leaderboard Tuesday. The Houston-based petroleum company slid 2.39% on its second-highest volume day of the year. Just under 10.1 million, shares changed hands on the session.The drop pushed APA stock back below its 20-day moving average, reaffirming its overall downtrend. Bears shouldn't get too complacent, however. The stock has already erased yesterday's losses in premarket trading. It's currently trading up 2.50% on the heels of a 4% jump in oil prices. * 10 Stocks That Every 30-Year-Old Should Buy and Hold Forever On the options trading front, the groundswell in volume was equally balanced between calls and puts. Total activity exploded to 2,717% of the average daily volume, with 150,841 contracts traded.Implied volatility ticked slightly higher on the day to 46%, placing it at the 47th percentile of its one-year range. Premiums are pricing in daily moves of 81 cents or 2.9%. Halliburton (HAL)The pain in energy stocks wasn't isolated to Apache. Bears also raided Halliburton shares, driving the oil services giant close to a new 52-week low at $21.07. The 4.6% drubbing saw above-average volume with 18.4 million shares changing hands. Volume patterns have been extremely bearish for two months with distribution days littering the landscape.Relief is coming this morning with the stock up 2.50% premarket. Unfortunately, with HAL trending lower across all time frames, it's going to take more than a mild up-gap to right the ship.On the options trading front, traders aggressively chased put options. Total activity roared to 368% of the average daily volume, with 144,181 contracts traded. A whopping 93% of the trading came from put options alone.Implied volatility remains elevated at 45% or the 64th percentile of its one-year range. Premium sellers will be happy to note this is close to the highest level of the year, suggesting short premium strategies are paying handsomely. The expected daily move is 60 cents or 2.8%. Micron Technology (MU)Semiconductor stocks weighed on the Nasdaq yesterday with Micron Technology shares leading to the downside. MU stock dropped 5.4% on above-average volume. The news was light, so I'm chalking up the drop as a technical-driven move signaling a continuation of the downtrend that emerged in May.Until the stock can break back above short-term resistance at $36, bears hold the upper hand. The next earnings report looms on June 25.On the options trading front, the day's drubbing lit a fire under put demand. Activity climbed to 157% of the average daily volume, with 182,375 total contracts traded; 62% of the trading came from put options alone.Implied volatility popped to a new three-month high at 53%. That places it at the 52nd percentile of its one-year range. Traders are now pricing in daily moves of $1.11 or 3.4%.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing Compare Brokers The post Thursday's Vital Data: Apache, Halliburton and Micron appeared first on InvestorPlace.
Devon Energy's (DVN) focus on domestic U.S. assets will increase oil production. Its initiative to lower methane emissions is appreciable.
Apache Corp NYSE:APAView full report here! Summary * Perception of the company's creditworthiness is negative * Bearish sentiment is moderate * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is moderate for APA with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold APA had net inflows of $3.60 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. APA credit default swap spreads are rising towards their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
HOUSTON, June 10, 2019 -- Apache Corporation (NYSE, Nasdaq: APA) today announced that it has opened the application season for its 2019-2020 Tree Grant Program. The Apache Tree.
Some battered stocks experienced relief this week. The market rebound spurred by dovish comments from Federal Reserve Chair Jerome Powell pulled many beaten-down companies back from the brink. But oil stocks remain ugly and are perhaps the most compelling stocks to sell here.If anything, the three-day rally has made shorting stocks even more attractive because of the improved risk-reward ratio. Shorting oversold stocks that have already plunged into the abyss is ill-advised. But thanks to this week's snap-back, now you don't have to. * 10 Stocks to Buy That Could Be Takeover Targets Many energy stocks that have been spanked senseless by falling oil prices saw a dead cat bounces this week. I think the strength will be temporary. Let's look at three candidates worth teeing up for short trades.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Exxon Mobil (XOM) Click to Enlarge Source: ThinkorSwim We begin with the biggest of them all, Exxon Mobil (NYSE:XOM). Since peaking at $83.49 in April, XOM stock has fallen as much as 15%. The correction was damaging enough to submerge it below all major moving averages. The 200-day, 50-day and 20-day are all pointing lower, which suggests rallies are suspect and prone to failure.This week's jump has been impressive, but it has done nothing to change the posture of Exxon's downtrend. Potential resistance looms overhead in the form of an unfilled gap at $75 as well as an old ceiling at $77. A probe into either area will create an attractive swing sell setup.While XOM stock may rally a day or two yet, look for a reversal sign, such as a break in the prior day's low, to signal its next descent has begun. I like buying the July $75/$70 bear put spread for around $1.50 to $1.75. Apache (APA) Click to Enlarge Source: ThinkorSwim Smaller energy companies haven't fared as well as Exxon in recent years. Take Apache (NYSE:APA), for example. Its long-term trend looks like death, and its price sits a stone's throw from a new sixteen-year low. Like XOM, APA stock sits below descending 20-day, 50-day and 200-day moving averages. Rallies always have a high failure rate in this environment, and I think this week's jump will prove no different. * 7 Reasons Stock Buybacks Should Be Illegal The implied volatility rank is at its highest reading of the year (52%), which makes options premiums ripe for the selling. If you're willing to bet APA stock sits below $30 at expiration, then sell the Jul $30/$32.50 bear call spread for 65 cents. Valero (VLO) Click to Enlarge Source: ThinkorSwim The theme of shortable rallies continues with Valero (NYSE:VLO). Where this one stands out, however, is in the momentum department. The velocity of its downtrend increased on the last downswing, revealing the bears are increasing in strength. With VLO stock falling as hard as it did last month, it will be challenging for it to mount a sustainable recovery.What's more likely is that the oversold bounce in VLO stock gives way to renewed selling pressure. A break back above $78 would merit reassessment, but as long as we remain below that, it's game on for bear trades.Implied volatility is lofty right now, so short premium plays are the way to go. Sell the July $80/$85 bear call spread for 84 cents.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 4 FANG Stocks Won't Be Bitten By Regulation Threats * 10 Stocks to Buy That Could Be Takeover Targets * 4 Big Bank Stocks Rebounding Compare Brokers The post 3 Ugly Oil Stocks to Sell Immediately appeared first on InvestorPlace.
How Did Oil's Fall Impact the Energy Space?(Continued from Prior Part)Oil-weighted stocks’ returnsOn May 29–June 5, our list of oil-weighted stocks fell 6.3%—compared to the 12.1% fall in US crude oil July futures. On average, our list of
Houston-based Altus Midstream Co. (Nasdaq: ALTM) announced May 31 that its COO has left the company for another job after just one month in the role. Craig Collins was appointed to the position effective April 29, according to an April press release.
Apache Corporation (NYSE, NASDAQ: APA) today announced the commencement of tender offers (each, an “Offer” and, collectively, the “Offers”) to purchase up to $1.0 billion in aggregate purchase price (excluding accrued and unpaid interest and excluding fees and expenses) (as such amount may be increased or eliminated by Apache pursuant to the terms of the Offers, the “Aggregate Maximum Purchase Price”) of its outstanding 2.625% notes due 2023, 3.625% notes due 2021, 3.250% notes due 2022, 6.000% notes due 2037, 7.625% notes due 2096, 7.750% notes due 2029, 7.950% notes due 2026, 7.700% notes due 2026, and 7.375% notes due 2047. The Offer to Purchase relates to nine separate Offers, one for each series of notes and in the separate pools indicated in the tables below (each series, a “Series of Notes,” and such notes, collectively, the “Notes”).
Enterprise's (EPD) pipelines connect consumers of commodities with all the prolific shale resources in the United States, providing the partnership with steady fee-based revenues.
Cheniere Energy's authorization of a stock buyback program of $1 billion over the next three years boosts investors' confidence on the stock.
LONDON/NEW YORK, June 3 (Reuters) - Cheniere Energy Inc said on Monday it would buy natural gas from Apache Corp's Permian assets using a price mechanism linked to the liquefied natural gas (LNG) it ends up selling and not the typical U.S. gas benchmark. The deal is the first sign Cheniere, by far the largest U.S. LNG seller, may move away from its signature LNG pricing mechanism in future offtake agreements with LNG buyers by decoupling from the Henry Hub price used for U.S. gas. "Producers want this because it will give them better realizations than what they will see in the North American market," Anatol Feygin, executive vice president and chief commercial officer at Cheniere, told reporters after an investor meeting in New York.
U.S. liquefied natural gas (LNG) company Cheniere Energy Inc said on Monday it will build the sixth liquefaction train at its Sabine Pass LNG export terminal in Louisiana. Cheniere also said it expects to make a positive final investment decision as early as 2020 to add additional capacity in a third stage at its Corpus Christi LNG export terminal in Texas. Natural gas use is growing rapidly around the world as countries, like China, seek to wean their industrial and power sectors off dirtier coal.
Apache (APA) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Conservative capital spending by North American explorers, Permian bottleneck problem and lower rig employment by the customers have hurt Halliburton's (HAL) oilfield service demand.
With foothold in prolific Permian and focus to lower well costs and LOE, Approach Resources (AREX) is a promising investment bet now.
Devon Energy (DVN), which focuses more on profitable domestic oil assets, decides to sell the Canadian business for $2.8 billion.