|Bid||11.14 x 800|
|Ask||11.15 x 1200|
|Day's Range||11.03 - 11.26|
|52 Week Range||8.11 - 15.08|
|PE Ratio (TTM)||5.36|
|Earnings Date||Oct 30, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||15.14|
On August 14, natural gas September 2018 futures closed at a premium of ~$0.24 to September 2019 futures. On August 7, the futures spread was at a premium of $0.23. On August 7–14, natural gas September futures rose 2.1%.
In the week ending August 3, the negative inventories spread, which is the difference between natural gas inventories and their five-year average, was at -19.5%. The inventories spread contracted by ten basis points compared to the previous week. On August 9, the EIA (U.S. Energy Information Administration) reported the natural gas inventory data for the week ending August 3.
NEW YORK, Aug. 14, 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 Navistar ...
On August 1–8, our list of natural gas–weighted stocks rose 2%, while natural gas September futures rose 6.9%. On average, natural gas–weighted stocks underperformed natural gas futures during this period.
On August 7, 2018, natural gas September 2018 futures closed at a premium of ~$0.23 to September 2019 futures. On July 31, 2018, the futures spread was at a premium of $0.14. Between July 31 and August 7, 2018, natural gas September futures rose 4.1%.
Between July 27 and August 3, the United States Natural Gas ETF (UNG) rose 2.3% while the ProShares Ultra Bloomberg Natural Gas ETF (BOIL) rose 4.6%. These ETFs track natural gas futures.
Gulfport's (GPOR) total oil and gas production increases 28.1% to 1,330.3 million cubic feet equivalent per day in the second quarter of 2018.
US natural gas futures increased 1.3% to $2.81 per MMBtu (million British thermal units) on July 26–August 2. The United States Natural Gas ETF (UNG) rose 2.03% during the same period. UNG seeks to track active natural gas futures. The First Trust Natural Gas ETF (FCG) aims to track the performance of an index of companies mainly involved in natural gas exploration and production. FCG fell 1.9% on July 26–August 2. EQT (EQT), Cabot Oil & Gas (COG), and Gulfport Energy (GPOR) fell 8.9%, 6.6%, and 4.9%, respectively, during the same period.
Yesterday, natural gas’s implied volatility was 20.4%, ~3% above its 15-day moving average. In the last week, its implied volatility has risen 4.6%, and September natural gas futures have risen 2%. Since June, these two variables have been moving together.
PointLogic estimates that US dry natural gas consumption decreased 1.09% to 63.5 Bcf (billion cubic feet) per day on July 26–August 1. However, natural gas consumption increased 5.8% YoY (year-over-year).
Between July 25 and August 1, our list of natural gas–weighted stocks fell 3.9%, while natural gas September futures rose just 0.1%. On average, natural gas–weighted stocks underperformed natural gas futures in this period.
On August 1, natural gas September futures fell 0.9% and settled at $2.758 per MMBtu (million British thermal units). The weather forecasts have suggested cooler temperatures for the next two weeks.
In the week ending July 20, natural gas inventories rose by 24 Bcf (billion cubic feet) to 2,273 Bcf, according to EIA’s (U.S. Energy Information Administration) data released on July 26. The market expected an addition of 36 Bcf for the same week, according to Reuters’ estimates. On July 26, natural gas September futures rose 0.3%.
NEW YORK, NY / ACCESSWIRE / August 2, 2018 / Gulfport Energy Corporation (NASDAQ: GPOR ) will be discussing their earnings results in their Q2 Earnings Call to be held on August 2, 2018 at 9:00 AM Eastern ...
Gulfport Energy (GPOR) delivered earnings and revenue surprises of 17.86% and -23.30%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Oklahoma City-based company said it had profit of 64 cents. Earnings, adjusted for non-recurring gains, came to 33 cents per share. The results topped Wall Street expectations. ...
OKLAHOMA CITY, Aug. 01, 2018-- Gulfport Energy Corporation today reported financial and operational results for the quarter and six months ended June 30, 2018 and provided an update on its 2018 activities. ...
On July 30, a Reuters survey showed that OPEC’s crude oil production increased by 70,000 bpd (barrels per day) to 32.64 MMbpd in July—compared to the previous month. The rise in OPEC’s crude oil production pressured oil prices. Brent and WTI oil prices fell 1.1% and 2%, respectively, on July 31.
Hedge funds cut their net long positions in US natural gas futures and options 44.8% to 24,984 on July 17–24. The positions have also fallen ~66% YoY (year-over-year). The reduction could suggest that hedge funds are turning less bullish or more bearish on US natural gas prices. The US CFTC released the latest positions data on July 27.
For Q2 2018, Southwestern Energy (SWN) expects total production in a range of 225–233 Bcfe (billion cubic feet equivalent). On a year-over-year basis, Southwestern Energy’s second-quarter 2018 production guidance is ~4% higher when compared with Q2 2017 production of 222 Bcfe. Even sequentially, Southwestern Energy’s Q2 2018 production guidance is higher by ~1% when compared with Q1 2018 production of 226 Bcfe.
Will Southwestern Energy Report Higher Second-Quarter Profits?Southwestern Energy’s Q2 2018 net income estimates
On July 26, 2018, natural gas’s implied volatility was 19.5%, ~2.5% below its 15-day moving average. In the trailing week, natural gas’s September futures have risen 1%, and its implied volatility has fallen ~0.5%. However, since June 2018, these two variables have been moving together.
PointLogic estimates that US dry natural gas consumption decreased 1.1% to 64.2 Bcf (billion cubic feet) per day on July 19–25. However, the consumption increased 3% from a year ago.
PointLogic estimates that US dry natural gas production increased 0.5% to 81 Bcf (billion cubic feet) per day on July 19–25. The production has increased 11% from a year ago.