A Closer Look into Westmoreland Coal’s Leverage and Liquidity Position
For 2Q17, Westmoreland Coal’s (WLB) interest expenses came in at $30.1 million compared to $31.5 million in 2Q16 and $29.3 million in 1Q17.
For fiscal 2017, WLB expects its adjusted EBITDA to be in the range of $250 million–$270 million compared to its prior guidance of $280 million–$310 million.
WLB’s adjusted EBITDA of the Canadian Coal Mining segment fell significantly. This metric came in at -$1.6 million compared to $14.3 million in 2Q16 and $59.2 million in 1Q17.
Could Andeavor’s Refining Margins Expand in 3Q17?
Let’s take a close look at refining margin indicators reported by Andeavor (ANDV), Marathon Petroleum (MPC), and Valero Energy (VLO). These indicators give some insight on profitability trends. Andeavor’s regional crack…
Previously, we analyzed Andeavor’s (ANDV) and Marathon Petroleum’s (MPC) refining margin indicators for 3Q17. In this part, we’ll look at Valero Energy’s (VLO). Valero Energy’s (VLO) four operating zones are…
In the previous part, we examined Andeavor’s (ANDV) refining index values. In this part, we’ll look at Marathon Petroleum’s (MPC) refining earnings indicators. MPC’s refining earnings are affected by the…
Chevron’s Downstream Segment in 2Q17: Analyzing the Trend
On a yearly basis, the fall in Chevron’s USGC margin was offset by a rise in Singapore-Dubai margin.
In the Permian Basin, Chevron (CVX) is anticipated to ramp up to 20 rigs by 2018.
In 1H17, Chevron’s (CVX) cash flow from operations stood at $8.9 billion, rising from $3.7 billion in 1H16.
What ExxonMobil’s Sophisticated Investors Think of It
ExxonMobil’s (XOM) institutional holdings currently stand at ~55%.
In this series, we’ll look at Energy Transfer Partners’ 2Q15 operating results, contrast actual numbers against analyst estimates, and compare individual segment contributions.
Energy Transfer Equity (ETE) and Sonoco Logistics (SXL), which are part of the Energy Transfer group, have “buy” ratings from 88.9% and 73.3% of analysts surveyed, respectively.
What Wall Street Analysts Expect for Seadrill’s 2Q17 Earnings
Analysts estimate that Seadrill’s (SDRL) 2Q17 EBITDA could be $233 million compared to $291 million in 1Q17.
Wall Street analysts expect Seadrill’s (SDRL) revenues to be just over $540 million in 2Q17, a 5% fall from its 1Q17 revenues of $569 million and a fall of 37.8% year-over-year.
Seadrill (SDRL) plans to release its 2Q17 results on August 24. In 1Q17, Seadrill’s revenues totaled $569 million, nearly 14.6% lower than its 4Q16 revenues of $667 million.
A Look at Drilling Permits in May 2017
In May 2017, three drilling permits were issued in the shallow waters of the Gulf of Mexico compared to only one in April 2017.
In April 2017, only one drilling permit was issued in the shallow water of the Gulf of Mexico. Not a single permit was issued in March.
In March 2017, no drilling permits were issued to drill new wells in the shallow water of the Gulf of Mexico.
Analysts’ Target for Patterson-UTI Energy on August 21
On August 21, 2017, ~59% of the analysts tracking Patterson-UTI Energy rated it as a “buy,” ~37% rated it as a “hold,” and only 4% recommended a “sell.”
The correlation coefficient between crude oil prices and Patterson-UTI Energy (PTEN) from August 21, 2016, to August 21, 2017, is 0.63.
The short interest in Patterson-UTI Energy (PTEN) as a percentage of its float was 6.7% as of August 21, 2017—compared to 9.1% as of June 30, 2017.
Why Stanley Black & Decker Is Trading at Premium to Industrial Peers
As of August 22, 2017, SWK’s one-year forward price-to-earnings (or PE) multiple stood at 18.0x.
A dividend yield is the return that investors get for every dollar invested in a company’s equity.
The number of analysts covering Stanley Black & Decker (SWK) has moved up from 20 to 21 in the past two months.
How Much Do Ethanol Prices Impact Pacific Ethanol?
Ethanol prices can have a significant impact on ethanol stocks. That’s known as price risk. Companies can mitigate price risk with futures contracts.
In 2014, about half of the corn produced in the United States was used for the production of alcohol for fuel use, primarily ethanol.
Fossil fuels are non-renewable, and a shortage can wreak havoc on the economy. It was the desire for alternative energy that gave rise to the ethanol industry.
Partnering for Positive Impact through Public Equities
Key Takeaways Investor relations plays an important role as a communicator and advocate for ESG issues within public companies. ClearBridge relies on strong relationships with investor relations teams to facilitate…
Noble Energy (NBL) will report its 2Q17 earnings on August 3, 2017. The company’s revenue estimates for 2Q17 stand at $1.06 billion.
For 4Q16, Yingli Solar expects its total PV module shipments to be in the range of 600 MW–670 MW—a ~64% quarter-over-quarter rise in its shipments.
Understanding the Futures Spread: Is Oil Supply Outpacing Demand?
On August 22, US crude oil October 2018 futures closed $1.04 higher than October 2017 futures. On August 15, the futures spread was at a premium of $0.76.
In the week ended August 18, 2017, the US oil rig count fell five to 763. On a YoY (year-over-year) basis, the oil rig count has risen by 87.9%.
In the week ended August 11, 2017, US commercial crude oil inventories fell 8.9 MMbbls to 466.5 MMbbls, compared with the expectation of a fall of 3 MMbbls.