|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||11.33|
|Forward Dividend & Yield||1.32 (1.92%)|
|1y Target Est||N/A|
US crude oil exports fell 28% to 1,461,000 bpd (barrels per day) last week, but rose by 733,000 bpd (101%) YoY (year-over-year) due to the oil export ban being lifted, domestic oil production rising, and the Brent-WTI spread widening.
Yesterday, the EIA (U.S. Energy Information Administration) released its oil inventory report. It reported that US crude oil inventories increased by 5.8 MMbbls (million barrels) to 411 MMbbls between July 6 and 13, but fell by ~80 MMbbls (16.2%) YoY (year-over-year). A Reuters survey had earlier estimated that US crude oil inventories fell 3.6 MMbbls last week.
The API (American Petroleum Institute) released its oil and gasoline inventory report on July 17 after the post-settlement trade. The API estimated that US crude oil inventories rose by 0.6 MMbbls (million barrels) to 410.7 MMbbls on July 6–13. However, Reuters estimates that US oil inventories could have fallen by 3.6 MMbbls last week. August WTI oil futures contracts fell 0.7% in the early morning trading on July 18.
US crude oil exports decreased 13.2% to 2,027,000 bpd (barrels per day) on June 29–July 6. However, the exports increased by 1,109,000 bpd or 121% from a year ago. The year-over-year rise in exports was due to the lifting of oil export ban, a rise in US oil production, and a wider Brent-WTI spread.
The API (American Petroleum Institute) released its weekly US gasoline inventory data yesterday, reporting that US gasoline inventories fell ~1.6 MMbbls (million barrels) between June 29 and July 6. Meanwhile, Reuters estimates that US gasoline inventories fell ~0.75 MMbbls. In early morning trading today, US gasoline gas futures fell 0.5%.
Supply-side constraints are likely to extend gains in oil prices irrespective of trade war fears. This call for bets on top-ranked energy stocks.
In this article, we’ll look at Valero Energy’s (VLO) stock price forecast range, which is based on its current implied volatility, for the 21-day period leading up to its earnings release.
The EIA (U.S. Energy Information Administration) estimates that the four-week average US gasoline demand increased 2.4% to 9,701,000 bpd (barrels per day) on June 22–29. The demand also increased by 119,000 bpd or 1.2% YoY (year-over-year).
In corporate finance, leverage, otherwise termed as debt financing, is the use of exogenous funds by corporations to run their operations smoothly and expand the same. Such a choice is driven by the cheap and easy availability of debt compared with equity financing. As a result, prudent investors try to avoid companies with large debt loads since they are more vulnerable during economic downturns.
The API (American Petroleum Institute) released its weekly US gasoline inventory data on July 3 after the gasoline futures settlement for that day on NYMEX. The API reported that US gasoline inventories fell by ~3.1 MMbbls (million barrels) on June 22–29.
On Jun 29, oil prices rose for the fourth consecutive day in anticipation of an increase in demand against disruptions in supply. Oil prices have been increasing after the United States imposed sanctions on Iran to stop exporting oil from that country in order to cut off substantial finances. A multitude of factors are raising the specter of supply shortages at a time when global demand could rise exponentially.
A multitude of factors are raising the specter of supply shortages at a time when global demand could rise exponentially. It thus makes sense to bet on select oil stocks likely to deliver strong profits in the second half of 2018.
HollyFrontier Corporation (HFC) is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
HollyFrontier (HFC) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.