In the past one year, Weatherford International’s (WFT) stock has risen 5% as of May 22, 2017.
As of May 19, 2017, Marathon Oil (MRO) had an implied volatility of ~42.5%, which is ~16.9% below its 260-trading day historical price volatility of ~51.2%.
Last week, crude oil and natural gas producer Marathon Oil (MRO) saw its stock price underperform crude oil prices. MRO rose moderately from $14.28 to $14.53.
Foot Locker’s (FL) stock price moved south after posting lower-than-expected first quarter results.
Short interest in ETE as a percentage of float has now risen to 7.9%—higher than its past one-year and three-year averages of 6.0% and 5.1%, respectively.
ETE has fallen below its 50-day simple moving average, driven by its decline last week (ended May 19). The stock is now trading 0.2% below its 50-day SMA.
ETE is currently trading at a price-to-distributable cash flow of 18.8x, which is higher than the company’s ten-quarter average of 17.9x.
Energy Transfer Equity (ETE) fell 2.0% last week (ended May 19), while the Alerian MLP ETF (AMLP), which consists of 25 energy MLPs, fell 0.8%.
Shares of semiconductor company Qorvo (QRVO) rose 11.4% last week. The stock is now trading at a 22-month high of $75.51.
BlackBerry (BBRY) stock rose 9.4% last week to close at $10.38. The shares rose after WannaCry’s ransomware attack last week infected several PCs.
Shares of Frontier Communications (FTR) rose 20.7% last week (ended May 19, 2017). The stock has been in a downward spiral for the past 12 months.
Shares of cyber security firm Symantec (SYMC) fell 6.4% in the week ended May 19, 2017.
Last week (ended May 19), Cisco (CSCO) announced its fiscal 3Q17 results and reported revenue of $11.9 billion, with EPS of $0.60.
Shares of US-based Acacia Communications (ACIA) fell 7.4% last week (ended May 19, 2017) to close at $44.18.
Enterprise Products Partners (EPD) was up just 0.1% in the week ended May 19, 2017.
As of May 19, 2017, ConocoPhillips (COP) had an implied volatility of ~28.9%, which is ~9% below its 260-trading day historical price volatility of ~31.8%.
Last week, crude oil (USO) and gas (UNG) producer ConocoPhillips (COP) saw its stock price underperform crude oil prices by a wide margin.
In this series, we’ll review auto stocks’ Wall Street performance in the third week of May 2017. We’ll also explore the major developments that have taken place in the auto industry in the last few weeks.
On May 18, 2017, Devon Energy (DVN) had an implied volatility of ~33.9, which is ~14.9% below its 260-trading day historical price volatility of ~39.9%.
So far in 2017, crude oil and natural gas producer Devon Energy’s (DVN) stock price has widely underperformed crude oil prices. DVN stock has fallen from $45.60 to $36.90 year-to-date.