|Bid||34.89 x 200|
|Ask||34.90 x 100|
|Day's Range||34.12 - 35.02|
|52 Week Range||28.79 - 45.16|
|PE Ratio (TTM)||20.38|
|Forward Dividend & Yield||0.32 (0.90%)|
|1y Target Est||N/A|
The “Fast Money” traders share their final trades for the day including Devon Energy, GW Pharmaceuticals, VanEck Vectors Semiconductors ETF and Freeport-McMoRan.
Devon Energy's (DVN) earnings in the first quarter are expected to be lower than estimates. Its first-quarter production will be adversely impacted by severe weather.
Wall Street analysts expect ConocoPhillips (COP) to report ~32% higher operating cash flow year-over-year, at ~$2.4 billion in 1Q18, up from ~$1.8 billion in 1Q17. COP’s year-over-year higher estimated 1Q18 operating cash flow could be attributed to higher crude oil prices. However, on a sequential basis, COP’s estimated 1Q18 operating cash flow is ~4% lower than its ~$2.5 billion in 4Q17.
Wall Street analysts expect Southwestern Energy (SWN) to report ~3% higher operating cash flow year-over-year of ~$321 million in 1Q18 from ~$312 million in 1Q17. On a sequential basis, SWN’s estimated 1Q18 operating cash flow is higher by ~4% when compared with ~$308 million in 4Q17.
The S&P 500’s top gainers on April 18, 2018, were: Intuitive Surgical (ISRG) gained 8.2%. CSX (CSX) gained 7.9%. Devon Energy (DVN) gained 7.2%. Textron (TXT) gained 6.8%. Newfield Exploration (NFX) gained 5.9%. Intuitive Surgical
Wall Street analysts expect Encana’s (ECA) OCF (operating cash flow) to be ~$436 million in 1Q18, ~311% higher than its OCF of ~$106 million in 1Q17 and~18% higher than its OCF of ~$369 million in 4Q17. Its OCF is expected to be higher due to higher production. Analysts expect ECA’s 1Q18 capital expenditure to be ~$453 million, meaning ECA’s 1Q18 free cash flow could be negative.
In the week that ended on April 13, 2018, crude oil (USO) prices rose significantly from $62.06 per barrel to $67.39 per barrel, a rise of almost 9%. Crude oil prices saw a very strong positive trend within the week, rising on all five days.
Wall Street analysts expect Range Resources (RRC) to report an ~41% higher operating cash flow of ~$318 million YoY (year-over-year) in 1Q18 from ~$226 million in 1Q17. On a sequential basis, Range Resources’ estimated 1Q18 operating cash flow is ~47% higher compared to ~$216 million in 4Q17. Range Resources’ higher estimated 1Q18 operating cash flow could be attributed to higher production in 1Q18.
The Kingdom is pushing for higher crude prices, potentially unlocking a gusher of cash flow for these oil stocks.
The S&P 500’s top losses on April 12 were: L Brands (LB) declined 4.6%. Everest Re Group (RE) declined 3.6%. Digital Realty Trust (DLR) declined 3.4%. HCP (HCP) declined 2.8%. Devon Energy (DVN) declined 2.7%. L Brands Inc
This could indicate that investors who seek to profit from falling equity prices are not currently targeting DVN. Over the last one-month, outflows of investor capital in ETFs holding DVN totaled $17.40 billion.
Devon Energy Corp said on Tuesday it would lay off 300 workers, roughly 9 percent of staff, part of a plan to streamline operations and boost the shale oil producer's sagging returns and stock price. Staff will be let go "in the weeks ahead," Devon said in a statement. Shares of Devon jumped nearly 7 percent on Tuesday to close at $33.60 on the New York Stock Exchange.