63.49 -0.03 (-0.05%)
After hours: 6:08PM EDT
|Bid||63.47 x 800|
|Ask||63.69 x 900|
|Day's Range||63.31 - 64.28|
|52 Week Range||53.36 - 78.36|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.17|
|Expense Ratio (net)||0.13%|
Supplies of energy, such as oil and natural gas, look set to fall short of even a modest forecast of rising global demand. While that might not be the best thing for the global economy, there is a way for you to profit from the likely surge in oil and gas prices. The IEA report broadly states that underinvestment in the energy patch will have major repercussions for the availability of fuel and power.
Energy Update for the Week Ending May 17(Continued from Prior Part)Energy subsector ETFsIn the week ending May 17, major energy subsector ETFs had the following performances:The VanEck Vectors Oil Refiners ETF (CRAK) rose 1.1%.The Alerian MLP ETF
Prominent market technician Ralph Acampora says Wall Street needs new highs for him to be confidently bullish about the outlook for the stock markets, after a whipsawing period for the major indexes. But it’s not entirely clear that investors will see records in the immediate term.
Energy sector ETFs were among the best performing areas of the market Tuesday as crude oil prices pushed higher on reports of attacks on major Saudi facilities that fueled concerns over the kingdom’s ability ...
Despite a brief spike following an attack on Saudi crude tankers, energy services stocks and sector-related exchange traded funds plunged and were among the worst performing areas of the market Monday ...
What Happened in the Energy Sector Last Week(Continued from Prior Part)Energy subsector ETFsIn the week ending May 10, major energy subsector ETFs had the following performances:The SPDR S&P Oil & Gas Exploration & Production ETF (XOP)
How Oil and Equity Market Are Affecting Your Energy Portfolio(Continued from Prior Part)Correlation with US crude oilOn May 2–9, major energy ETFs had the following correlations with US crude oil active futures:the SPDR S&P Oil & Gas
Why the United States Imports Oil(Continued from Prior Part)US oil exportsIn this part, we’ll take a look at the top countries where the US exports its crude oil. Among the countries to which the US exports crude oil, Canada stands at the top,
Why the United States Imports Oil(Continued from Prior Part)US oil tradeDespite being the largest oil producer in the world, the United States imports oil to meet its energy needs. In 2018, the US exported ~2.8 billion barrels of crude oil and
Count the energy sector among the groups being stung by the ongoing US/China spat. For much of this year, the energy sector has been a solid group, but recently, some of that strength has evaporated. The Energy Select Sector SPDR (XLE) is lower by 3.57% over the past week and while the largest energy exchange traded fund is still up 11% year-to-date, it is in danger of entering another bear market.
Shares of Chesapeake Energy Corp. swung to a gain in very active morning trade Wednesday, reversing an earlier loss, after investors had time to digest the oil and gas company's first-quarter results. Trading volume reached 21.6 million shares, enough to make the stock the most actively traded on the NYSE. The stock rose 0.5%, after being down as much as 3.6% soon after the open, and down as much as 7.6% in premarket trade. The initial selloff came after the company reported an adjusted net loss of 2 cents, which FactSet said compared with the average analyst estimate for a profit of 14 cents a share. Chesapeake also reported revenue that fell below forecasts. Analyst Neal Dingmann at SunTrust Robinson Humphrey said in a note to clients that Chesapeake's results beat Street forecasts for earnings before interest, taxes, depreciation and amortization (EBITDA), as production and prices were above projections. "We believe the stock should be higher on the positive release, but it [was] down...largely due to the switch to successful efforts with numbers not matching analysts' estimates," Dingmann wrote. He maintained his hold rating and $3 stock price target. The stock has gained 33% year to date while the S&P 500 has tacked on 15%.
Exxon Mobil Corp. said it will invest "up to" $100 million over 10 years on research and development of lower-emissions technologies with the U.S. Department of Energy's National Renewable Energy Laboratory and National Energy Technology Laboratory. That total over 10 years represents 0.16% of the oil giant's revenue of $63.63 billion in the first three months of 2019. "Finding meaningful solutions to address climate change is going to take everyone--governments, companies and academia--working together," said Vijay Swarup, vice president of R&D at ExxonMobil Research and Engineering Co. "This agreement will help us advance fundamental science and demonstrate scale." Exxon's investment comes after securities regulators ruled to allow the company block shareholders from voting on a proposal that the company disclose goals for reducing greenhouse gas emissions. In October 2018,New York Attorney General Barbara Underwood filed a lawsuit alleging Exxon misled investors about the risks climate-change regulations posed to its business. Exxon's stock has lost 1.8% over the past 12 months through Tuesday, while the SPDR Energy Select Sector ETF has lost 14.5% and the Dow Jones Industrial Average has gained 6.6%.
Shares of Chesapeake Energy Corp. dropped 6.1% in premarket trade Wednesday, after the oil and natural gas company reported a wider first-quarter loss and revenue that fell short of expectations. The net loss widened to $44 million, or 3 cents a share, from $6 million, or 1 cent a share, in the same period a year ago. Excluding non-recurring items, the adjusted loss was 2 cents a share, or earnings of 14 cents "under full cost." The FactSet consensus was for earnings of 14 cents a share. Total revenue fell to $2.20 billion from $2.52 billion, below the FactSet consensus of $2.36 billion. Oil, natural gas and natural gas liquids revenue fell to $929 million from $1.24 billion, missing the FactSet consensus of $1.13 billion, while marketing revenue slipped to $1.23 billion from $1.25 billion but topped expectations of $1.18 billion. Average daily production was 484,000 barrels of oil equivalent (boe), down from 554,000 boe a year ago. The stock has run up 32.4% year to date through Tuesday, while the SPDR Energy Select Sector ETF has gained 11.2% and the S&P 500 has advanced 15.1%.
A somnambulant period of drifting toward record territory for equity indexes appears to be over, with stocks already positioned for their worst month of this trading year.
Energy Weekly: Will US Crude Oil Hold $60?(Continued from Prior Part)Energy subsector ETFsIn the week ending May 3, major energy subsector ETFs had the following performances:The VanEck Vectors Oil Services ETF (OIH) fell 5.5%.The SPDR S&P
Energy sector ETFs lagged the pack and were among the worst performing segments of the market, but the under performing sector may now be a bargain pick. The Energy Select Sector SPDR (XLE) declined 4.3% over the past month and represented the worst performing S&P 500 sector. After the pullback, Wells Fargo senior global equity strategist Scott Wren argued that things may not appear as grim as they use to be for the energy sector.
is sliding lower faster than the Nymex crude oil contract. XLE is below its quarterly pivot at $66.62, which indicates risk to its monthly and semiannual value levels at $57.50 and $55.70, respectively. The weekly chart for oil is positive but overbought, but when it set its 2019 high of $66.60 on April 23, it showed a weekly slow stochastic reading above 90.00, which is an "inflating parabolic bubble." Oil stalled shy of its semiannual risky level at $68.52.
For much of this year, the energy sector has been a solid group, but recently, some of that strength has evaporated. The Energy Select Sector SPDR (XLE) and rival equity-based energy exchange traded funds (ETFs) are trading lower just as oil and the energy sector are entering their seasonally weak periods. Historical trends also indicate several equity-based energy ETFs also perform poorly late in the second quarter and into the third quarter.
Energy sector-related ETFs were among the worst off Thursday after the Energy Information Administration revealed a jump in U.S. crude-oil stockpiles and Saudi Arabia said it would pick up the slack with ...
How to Make Sense of Economic Indicators and Invest Accordingly(Continued from Prior Part)The magic numberYou may be asking yourself how you can keep track of so many indicators. Moreover, not all indicators move in the same direction all the time.
Williams Companies’ Q1 Earnings Rose 7%Williams Companies Williams Companies (WMB) reported its first-quarter earnings after the markets closed on May 1. The company reported an adjusted EBITDA of $1.21 billion, which missed the consensus
Investors should consider sector-specific ETFs to focus on targeted segments of the market, especially as U.S. markets head in to the late business cycle. On the recent webcast, How Sectors Can Help with ...
Wells Fargo's Scott Wren says traders should embrace the volatility. With CNBC's Melissa Lee and the Fast Money traders, Pete Najarian, Brian Kelly, Mark Tepper and Tim Seymour.
Julian Emanuel, BTIG, on today's stunning stock reversal and whether now's the time to buy in. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Brian Kelly, Dan Nathan and Guy Adami.