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Nicholas Chapman

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Disclosure: I am in full compliance with all ethics and other policies for Market Realist research analysts. I am not invested in securities that I cover on Market Realist.

More From Nicholas Chapman

  • uploads///Energy MWU_ REFINING Gainers
    Energy & Utilities

    Which Refining and Marketing Energy Stocks Are Rising This Week?

    World Fuel Services (INT) increased from last week’s close of $21.80 to $22.35 on June 14—an increase of more than 2.5%.

    By Nicholas Chapman
  • uploads///COP Q Realized Price
    Company & Industry Overviews

    ConocoPhillips’s 1Q17 Crude Oil Price Underperforms WTI

    ConocoPhillips’s 1Q17 crude oil realized prices In 1Q17, excluding the effect of hedges, ConocoPhillips’s average realized crude oil price in the Lower 48 region was $45.89 per barrel, up ~70% from its price of $27.04 per barrel in 1Q16. Sequentially, ConocoPhillips’s 1Q17 price is ~4% higher than it was in 4Q16. Crude oil prices versus […]

    By Nicholas Chapman
  • uploads///EOG Q Pre Production
    Earnings Report

    Understanding EOG Resources’ Q2 2018 Production Guidance

    For the second quarter, EOG Resources expects total production in the range of 670.3–706.2 Mboepd (thousand barrels of oil equivalent per day).

    By Nicholas Chapman
  • uploads///DNR Q Overview Annotations
    Company & Industry Overviews

    Analyzing Denbury Resources’ 1Q16 Earnings Call

    For 1Q16, Denbury Resources (DNR) reported an adjusted EBITDA of ~$105 million with an EBITDA margin of ~40%. Its EBITDA margin is only ~20% lower.

    By Nicholas Chapman
  • uploads///COP Q Post Revenues
    Earnings Report

    Why Did ConocoPhillips’s Revenue Grow in 1Q18?

    For 1Q18, ConocoPhillips (COP) reported revenues of ~$9.0 billion—higher than analysts’ consensus of ~$8.8 billion.

    By Nicholas Chapman
  • uploads///MUR Post Production
    Earnings Report

    Murphy Oil’s 4Q15 Operational Performance, Management Strategies

    Along with its 4Q15 earnings, Murphy Oil announced the divestiture of its Montney midstream assets located in Canada. The transaction includes the sale of existing infrastructure capable of processing up to 320 million cubic feet per day.

    By Nicholas Chapman
  • uploads///RRC Q Post EPS
    Earnings Report

    Inside Range Resources’ 3Q16 Earnings

    For 3Q16, Range Resources reported an adjusted loss per share of $0.06—$0.09 better than the Wall Street analyst consensus estimate of $0.15 loss per share.

    By Nicholas Chapman
  • uploads///COP Q Barnett Production Mix
    Miscellaneous

    Why ConocoPhillips Sold Its Barnett Assets

    ConocoPhillips’s (COP) Barnett assets have a relatively small contribution to its overall production. In 2016, COP’s Barnett assets produced only 11 MBoepd.

    By Nicholas Chapman
  • uploads///DNR Q WU Price Performance
    Company & Industry Overviews

    Why Has Denbury Resources Been Underperforming Crude Oil?

    In the last month, crude oil producer Denbury Resources (DNR) has seen its stock price underperform crude oil (USO) and natural gas (UNG) prices.

    By Nicholas Chapman
  • uploads///Energy MWU_ INTEGRATED Losers
    Energy & Utilities

    Suncor Energy: The Only Integrated Energy Loser This Week

    Suncor Energy (SU) is the only losing stock in the current week from the integrated energy sector. It fell from last week’s close of $34.67 to $34.52 on October 11, 2017.

    By Nicholas Chapman
  • uploads///DVN Q Peers
    Company & Industry Overviews

    How Does Devon Energy’s Relative Valuation Compare to Its Peers’?

    Devon Energy (DVN) has a forward EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) ratio of ~13x.

    By Nicholas Chapman
  • uploads///CRC Q Short Interest
    Company & Industry Overviews

    Is California Resources Rising due to Short Covering?

    On December 21, 2016, California Resources’ total shares shorted, also known as its short interest, stood at ~13.7 million.

    By Nicholas Chapman
  • uploads///RRC Q Peers
    Company & Industry Overviews

    Range Resources’ Valuation: How Does It Compare with Peers’?

    In 4Q15, Range Resources was trading at higher price-to-book and price-to-sales multiples than peers.

    By Nicholas Chapman
  • uploads///CNX Q Pre Analysts
    Energy & Utilities

    How Wall Street Analysts Rate CNX Resources

    The median target price on CNX Resources stock is $20.50, which is ~21% higher than its July 26 closing price of $17.01.

    By Nicholas Chapman
  • uploads///SWN_WU_F Hedge Funds
    Energy & Utilities

    Are Hedge Funds Accumulating Southwestern Energy Stock?

    In 4Q17, 25 hedge funds were buyers of Southwestern Energy (SWN) stock, and 42 hedge funds were sellers.

    By Nicholas Chapman
  • uploads///OFS Losers WU_
    Materials

    These Stocks Were the Biggest Oilfield Services Losers Last Week

    In the week ending September 8, 2017, Flotek Industries (FTK) led the losing stocks from the oilfield services sector.

    By Nicholas Chapman
  • uploads///OXY Q Pre Production
    Earnings Report

    Did Occidental Petroleum Set a High Bar for 3Q16 Production?

    For 3Q16, Occidental Petroleum expects its total production from ongoing operations to be in the range of 600–605 Mboe per day.

    By Nicholas Chapman
  • uploads///COP Q Post Net Income
    Earnings Report

    How ConocoPhillips Turned Losses into Profits in 4Q17

    ConocoPhillips (COP) announced its 4Q17 earnings on February 1, 2018, before the market opened. It had better-than-expected profits of ~$540 million, beating analyst expectations.

    By Nicholas Chapman
  • uploads///COP WU_ Price
    Energy & Utilities

    ConocoPhillips Stock Outperforms Crude Oil

    The price of natural gas (UNG) rose ~5% last week. It rose from $2.92 per mmBtu (million British thermal units) to $3.07 per mmBtu. ConocoPhillips’s production volume mix contains ~40% natural gas.

    By Nicholas Chapman
  • uploads///Energy MWU_ Commodities
    Miscellaneous

    How Energy Commodities Performed from June 18–20

    Energy stocks are rising this week. The Energy Select Sector SPDR ETF (XLE) has risen 1.2% from June 18–20.

    By Nicholas Chapman
  • uploads///DVN Q Operational  Implied Volatility
    Miscellaneous

    What Devon Energy’s Implied Volatility Could Say about Its Stock Price

    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%.

    By Nicholas Chapman
  • uploads///industry _
    Earnings Report

    Occidental Petroleum’s 4Q17 Pre-Earnings Update

    Occidental Petroleum (OXY) is set to report its 4Q17 and fiscal 2017 earnings on February 13, 2018. For 4Q17, OXY’s current consensus net income estimate is ~$275.0 million.

    By Nicholas Chapman
  • uploads///CRC Q Cash Flow
    Company & Industry Overviews

    California Resources: Why No Positive Cash Flow in 2Q16?

    For 2Q16, California Resources’ (CRC) total operating revenue (excluding derivative losses) was ~$435 million or ~44% lower than 2Q15.

    By Nicholas Chapman
  • uploads///FANG Normalized
    Company & Industry Overviews

    What’s Been Driving Diamondback Energy’s Stock Price Movement?

    Diamondback Energy’s stock price saw uptrend from October 2012 to June 2014. When NYMEX WTI crude oil started falling in June 2014, FANG’s stock peaked.

    By Nicholas Chapman
  • uploads///SGY Q Post Debt
    Earnings Report

    A Must-Know: Stone Energy’s Debt Restructuring Plans

    On September 30, 2016, Stone Energy’s (SGY) total debt stood at ~$1.4 billion. With only ~$182 million in cash and cash equivalents, SGY’s net debt was ~$1.3 billion at the end of 3Q16.

    By Nicholas Chapman
  • uploads///MRO WU_ Price Performance
    Miscellaneous

    Inside Marathon Oil’s Stock Performance Last Week

    Marathon Oil’s stock price fell from $15.91 to $15.16 last week, while crude oil prices fell from $53.18 per barrel to $49.62 per barrel.

    By Nicholas Chapman
  • uploads///COG YTD Price
    Energy & Utilities

    Why COG Is the Second-Best-Performing Upstream Stock Year-to-Date

    In 9M17, Cabot Oil & Gas (COG) reported revenues of ~$1.4 billion, which is ~63.0% higher than its 9M16 revenues of ~$839.0 million.

    By Nicholas Chapman
  • uploads///DNR Q Post Production
    Earnings Report

    Denbury Resources’ Production Fell to a 3-Year Low in 2Q17

    For 2Q17, Denbury Resources’ continuing production averaged 59.8 Mboepd, which is ~5% lower than its 2Q16 continuing production of ~63.0 Mboepd.

    By Nicholas Chapman
  • uploads///Crude Oil Correlation Study
    Company & Industry Overviews

    Why Crude Oil Prices Don’t Impact Crude Producers the Same

    For the past month, Energen had the highest correlation of ~0.94 with WTI crude oil (USO) prices. Occidental Petroleum had the lowest correction coefficient.

    By Nicholas Chapman
  • uploads///RRC Q Hedges
    Company & Industry Overviews

    What Has Hedging Done for Range Resources?

    In 1Q16, natural gas hedging activities increased Range Resources’ (RRC) average realized natural gas price by $0.91 per Mcf (thousand cubic feet).

    By Nicholas Chapman
  • uploads///RRC Q Post EPS
    Earnings Report

    Range Resources’ 2Q16 Earnings Are Better Than Expected

    In this series, we’ll analyze Range Resources’ 2Q16 earnings and revenue and look at its cash flow, operational performance, analyst ratings, and price forecasts.

    By Nicholas Chapman
  • uploads///OXY Production Mix
    Company & Industry Overviews

    Occidental Petroleum’s Production Mix and Realized Prices

    In 3Q15, Occidental Petroleum production mix was 63% crude oil, 25% natural gas, and 12% NGLs. This means that it is more tilted toward liquids production.

    By Nicholas Chapman
  • uploads///Image
    Earnings Report

    How Range Resources Did in 1Q18

    Range Resources (RRC) announced its 1Q18 earnings on April 25, after the market closed.

    By Nicholas Chapman
  • uploads///MUR Q Pre EBITDA
    Earnings Report

    Murphy Oil: Analysts’ 4Q16 EBITDA Estimates

    For 4Q16, Wall Street analysts expect Murphy Oil to report EBITDA of ~$261 million—compared to adjusted EBITDA of approximately -$122 million in 4Q15.

    By Nicholas Chapman
  • uploads///SGY Q Operating Netbacks
    Company & Industry Overviews

    The Story behind Stone Energy’s Operating Netbacks

    In 2Q16, Stone Energy’s (SGY) reported operating netback of ~$23.64 per boe (barrel of oil equivalent), which is higher by ~4% than in 2Q15.

    By Nicholas Chapman
  • uploads///DNR Q Pre Capex
    Earnings Report

    Denbury Resources’s Capital Expenditure Guidance

    For fiscal 2016, Denbury Resources (DNR) plans to spend ~$200 million in capital expenditure, which is ~51% lower when compared with fiscal 2015 capital expenditure of ~$407 million.

    By Nicholas Chapman
  • uploads///PXD Q Operating Netbacks
    Company & Industry Overviews

    What Are Pioneer Natural Resources Operating Netbacks?

    In 1Q16, Pioneer Natural Resources’ (PXD) reported an operating netback of ~$22.15 per boe (barrel of oil equivalent), which is ~4% lower than in 1Q15.

    By Nicholas Chapman
  • uploads///SGY Q MAs
    Company & Industry Overviews

    How Declines in Crude Oil Prices Have Affected Stone Energy

    Although crude oil prices have rallied by ~89% from their lows in February 2016, crude is still trading ~54% lower than its high nearly two years ago.

    By Nicholas Chapman
  • uploads///COP WU_ Price Performance
    Miscellaneous

    What Just Happened to ConocoPhillips Stock?

    Last week (ended May 26), crude oil prices fell from $50.67 per barrel to $49.80 per barrel.

    By Nicholas Chapman
  • uploads///MRO Q Pre Analysts
    Energy & Utilities

    Marathon Oil: Pre-Earnings Wall Street Ratings

    The median target price on Marathon Oil stock is $23.50, which is ~14% higher than its July 19 closing price of $20.54.

    By Nicholas Chapman
  • uploads///CRC Q Post Production
    Company & Industry Overviews

    Drill Down into California Resources’ 2Q17 Operational Performance

    For 2Q17, California Resources (CRC) reported total production of 129 Mboepd, which is below the midpoint production guidance of 128 Mboepd to 133 Mboepd.

    By Nicholas Chapman
  • uploads///SWN Q Analysts
    Company & Industry Overviews

    Southwestern Energy Is Trading Below Wall Street’s Median Target

    Currently, ~10.0% of Wall Street analysts rate Southwestern Energy (SWN) a “strong buy,” 10.0% rate it a “buy,” and 65.0% rate it a “hold.”

    By Nicholas Chapman
  • uploads///CNX Q Pre Annotations
    Earnings Report

    Analyzing Consol Energy’s Stock Movement ahead of Its 1Q16 Earnings

    So far in 2016, Consol Energy (CNX) has been outperforming bigger upstream companies in the S&P 500 (SPY). CNX has risen by ~64%.

    By Nicholas Chapman
  • uploads///RRC Q Pre Annotations
    Earnings Report

    How Has Range Resources’ Stock Performed in 2016?

    In the last two months, Range Resources’ stock price has increased by ~68%.

    By Nicholas Chapman
  • uploads///OXY Q Pre Dividend
    Earnings Report

    Occidental Petroleum Paid Dividend of $0.76 per Share in January

    Occidental Petroleum (OXY) paid its most recent dividend for 4Q16 on January 13, 2017—$0.76 per share on its common stock.

    By Nicholas Chapman
  • uploads///MUR Q Pre Annotations
    Earnings Report

    How Investors Have Reacted to Murphy Oil’s Past Earnings

    After losing ~78% of its market capitalization from July 2014 to January 2016, Murphy Oil’s (MUR) stock price is finally showing signs of new uptrend.

    By Nicholas Chapman
  • uploads///Image
    Earnings Report

    Could California Resources Report Lower Losses in Q2 2018?

    California Resources (CRC) is expected to report its Q2 2018 results on August 2, after the market closes.

    By Nicholas Chapman
  • uploads///Image
    Earnings Report

    Can Marathon Oil Report Higher Profits in Q2 2018?

    Marathon Oil (MRO) is set to report its Q2 earnings on August 1. Excluding one-time items, the net income estimate is ~$161 million.

    By Nicholas Chapman
  • uploads///ECA Q Pre Production
    Earnings Report

    Will Encana’s Quarterly Production Growth Start in 4Q17?

    Encana (ECA) didn’t give any specific production guidance for 4Q17. But on its 3Q17 earnings conference call, Encana maintained its 2017 production guidance from July 2017.

    By Nicholas Chapman
  • uploads///Energy MWU_ UPSTREAM Gainers
    Energy & Utilities

    Legacy Reserves: Top Upstream Gainer This Week

    In the week starting on March 26, 2018, Legacy Reserves LP increased from last week’s close of $4.47 to $4.94 on March 26—an increase of ~11%.

    By Nicholas Chapman
  • uploads///SWN WU Correlation
    Energy & Utilities

    Is Southwestern Energy Following Natural Gas Price Movements?

    As we saw in the previous part of this series, Southwestern Energy’s (SWN) stock price decreased strongly by ~6.0% for the week ended January 19. Natural gas (UGAZ)(DGAZ)(UNG) prices fell marginally by ~0.5%.

    By Nicholas Chapman
  • uploads///MRO Q Normalized
    Company & Industry Overviews

    One Key Driver for Marathon Oil’s Stock Price Movement

    Identifying the key driver Marathon Oil’s (MRO) stock price was in an uptrend from October 2011 to September 2014 when NYMEX (New York Mercantile Exchange) WTI (West Texas Intermediate) crude oil (USO) prices were in an uptrend. But NYMEX WTI crude oil started to fall in June 2014, and Marathon Oil’s stock price had topped within three […]

    By Nicholas Chapman
  • uploads///WPX Q Post EPS
    Earnings Report

    WPX Energy Missed 1Q16 Earnings Estimate by 2 Cents

    WPX Energy (WPX) announced its 1Q16 earnings on May 4, 2016, after the Market closed. WPX reported an adjusted loss of $0.21 per share, which was $0.02 lower than analysts’ consensus.

    By Nicholas Chapman
  • uploads///RRC Q Production
    Company & Industry Overviews

    Range Resources’ Production: Where Did It Come From?

    For 4Q15, Range Resources’ production of ~1.4 Bcfe (billions of cubic feet equivalent) per day was ~12% higher than the ~1.3 Bcfe per day from 4Q14.

    By Nicholas Chapman
  • uploads///OXY Production
    Company & Industry Overviews

    Understanding Occidental Petroleum’s Production Volumes

    In 3Q15, Occidental Petroleum production was 689,000 BOE per day, which is higher by almost 16% than its 595,000 BOE per day in 3Q14.

    By Nicholas Chapman
  • uploads///SWN WU Correlation
    Energy & Utilities

    Southwestern Energy Has a Higher Correlation with Natural Gas

    For the week ending March 16, Southwestern Energy stock had a high correlation of ~79% with natural gas (UGAZ).

    By Nicholas Chapman
  • uploads///MRO Q Post Analysts
    Earnings Report

    This Wall Street Target Price Indicates Upside for Marathon Oil

    Currently, ~54% of Wall Street analysts rate Marathon Oil (MRO) as a “buy” and ~43% of analysts rate it as a “hold.”

    By Nicholas Chapman
  • uploads///OXY Q Post Analyst
    Earnings Report

    Occidental Petroleum: Analysts’ Ratings after 4Q17

    The median target price on Occidental Petroleum stock is $78.50, which is ~12% higher than its closing price of $69.85 on February 14.

    By Nicholas Chapman
  • uploads///MRO Q net debt to adjusted EBITDA
    Company & Industry Overviews

    Is Marathon Oil’s Debt Load Becoming Too Heavy for Its Declining Earnings?

    As of June 30, 2016, Marathon Oil’s total debt was ~$7.3 billion. With ~$2.6 billion in cash and cash equivalents, MRO’s net debt was ~$4.7 billion.

    By Nicholas Chapman
  • uploads///COP WU_ Correlation
    Energy & Utilities

    Did Natural Gas Prices Move ConocoPhillips Stock Last Week?

    For the week ending November 17, ConocoPhillips (COP) stock had shown the highest correlation of ~91% with natural gas (UNG).

    By Nicholas Chapman
  • uploads///Energy MWU_ UPSTREAM Gainers
    Energy & Utilities

    Energy XXI Gulf Coast Leads Upstream Gainers from June 18–20

    From June 18–20, Energy XXI Gulf Coast (EGC) rose from last week’s close of $7.49 to $8.97, an increase of 20%.

    By Nicholas Chapman
  • uploads///MRO Q Lifting Cost
    Company & Industry Overviews

    Marathon Oil’s Lifting Costs

    In 2Q17, Marathon Oil’s (MRO) reported a lifting cost of ~$6.75 per boe (barrel of oil equivalent), which is ~28.0% lower than its 2Q16 lifting cost of ~$10.88.

    By Nicholas Chapman
  • uploads///Image
    Earnings Report

    Southwestern Energy Beats 1Q18 Earnings Estimate by $0.03

    Southwestern Energy (SWN) announced its 1Q18 earnings yesterday after the market closed.

    By Nicholas Chapman
  • uploads///COP WU Correlation
    Energy & Utilities

    What Really Moved ConocoPhillips Stock Last Week?

    For the week ending October 20, ConocoPhillips stock showed a negative correlation of -15% with crude oil (USO) (SCO).

    By Nicholas Chapman
  • uploads///COP Q Pre Production
    Earnings Report

    Why ConocoPhillips Expects Lower Production in 4Q17

    For 4Q17, ConocoPhillips (COP) expects total production (USO) (UNG) in the range of 1,195–1,235 Mboepd (thousand barrels of oil equivalent per day).

    By Nicholas Chapman
  • uploads///COP WU Price
    Energy & Utilities

    ConocoPhillips Outperformed Crude Oil: Positive for Its Uptrend

    For the week ending October 20, 2017, crude oil (USO) prices rose from $51.45 per barrel to $51.84 per barrel—an increase of 0.76%.

    By Nicholas Chapman
  • uploads///Energy MWU_ UPSTREAM Losers
    Energy & Utilities

    These Stocks Are the Upstream Losers So Far This Week

    In the week starting March 5, 2018, California Resources (CRC) fell from $14.98 to $14.65, a decrease of ~6.1%.

    By Nicholas Chapman
  • uploads///APA Operating Revenues
    Company & Industry Overviews

    How Could Lower Production Impact Apache Corporation’s Revenues?

    Excluding the effect of hedges, Apache Corporation’s (APA) average realized crude oil (USO) price in 4Q15 was $38.86 per barrel, down ~45% from $70.81 per barrel in 4Q14.

    By Nicholas Chapman
  • uploads///MRO Q Debt Maturities
    Company & Industry Overviews

    Should Investors Worry About Marathon Oil’s Credit Ratings Downgrades?

    Due to the prolonged downturn in crude and natural gas, credit rating agencies reviewed many upstream companies earlier this year, including Marathon Oil.

    By Nicholas Chapman
  • uploads///COP Q Net Debt to EBITDA
    Company & Industry Overviews

    Is ConocoPhillips’s Increased Debt Weighing on Its Earnings?

    As of June 30, 2016, ConocoPhillips’s total debt stood at ~$28.7 billion. With ~$4.2 billion in cash and cash equivalents, its net debt was ~$24.5 billion.

    By Nicholas Chapman
  • uploads///UPL PSA Debt
    Company & Industry Overviews

    Analyzing Ultra Petroleum’s PSA and BCA Agreements

    On April 29, 2016, Ultra Petroleum (UPL) (UPLMQ) and its subsidiaries (or Ultra Entities) filed voluntary petitions seeking in-court reorganization.

    By Nicholas Chapman
  • uploads///RRC Q dividends
    Company & Industry Overviews

    Understanding Range Resources’ Dividends and Dividend Yields

    As of May 27, 2016, Range Resource’s dividend yield, which measures the amount of cash flow an investor can get for each dollar invested in an equity position, stood at ~0.34%.

    By Nicholas Chapman
  • uploads///Refiners Gainers WU_
    Energy & Utilities

    How Oil and Gas Refining and Marketing Stocks Performed Last Week

    Marathon Petroleum (MPC) was the biggest loser last week from the refining and marketing sector.

    By Nicholas Chapman
  • uploads///PXD Pre ERN Annotations
    Earnings Report

    Analyzing Pioneer Natural Resources’ Stock Price ahead of 4Q15 Results

    Over the past two months, Pioneer Natural Resources stock price has dropped by about 19%. But XOP has been down ~27% during same period.

    By Nicholas Chapman
  • uploads///EOG Q Post F
    Earnings Report

    Did Institutional Investors Sell EOG Resources in 4Q17?

    In 4Q17, 470 funds were “buyers” of EOG Resources (EOG) stock, and 450 funds were “sellers” of EOG stock.

    By Nicholas Chapman
  • uploads///DVN Q Post F
    Earnings Report

    Did Institutional Investors Sell Devon Energy in 4Q17?

    On December 31, 2017, 740 13F filers held DVN in their portfolios, out of which 13 filers had DVN in their top ten holdings.

    By Nicholas Chapman
  • uploads///SWN WU_ Correlation
    Energy & Utilities

    Southwestern Energy Followed Natural Gas to the Upside Last Week

    Southwestern Energy’s (SWN) stock price rose ~4.9% for the week ending December 29. Even natural gas (UGAZ) (DGAZ) (UNG) prices moved to the upside.

    By Nicholas Chapman
  • uploads///MRO Q Net debt to EBITDA
    Company & Industry Overviews

    Is Marathon Oil’s Debt Load Becoming Too Heavy for its Declining Earnings?

    On September 30, MRO’s total debt was ~$7.3 billion. With ~$1.95 billion in cash and cash equivalents, MRO’s net debt was ~$5.3 billion at the end of 3Q16.

    By Nicholas Chapman
  • uploads///MRO Q Dividend
    Company & Industry Overviews

    Why Has Marathon Oil Curtailed Its Dividend?

    Marathon Oil (MRO) paid its last dividend on September 12, 2016, issuing a dividend of $0.05 per share on its common stock for 2Q16.

    By Nicholas Chapman
  • uploads///COP Q Pre Production
    Earnings Report

    ConocoPhillips’s Deepwater Exploration Exit Impacts 2016 Guidance

    For 2Q16, ConocoPhillips (COP) expects total production in the range of 1,500–1,540 Mboepd (thousand barrels of oil equivalent per day).

    By Nicholas Chapman
  • uploads///PXD Q Equity Offering
    Company & Industry Overviews

    The Reasons behind Pioneer Natural Resources’ Equity Offering

    Should investors be worried about Pioneer Natural Resources’ (PXD) common stock offering? What are PXD’s strengths? In this series, we’ll answer these questions and more.

    By Nicholas Chapman
  • uploads///ECA Q Post Analyst
    Energy & Utilities

    What Wall Street Analysts Recommend for Encana

    As of February 16, 2018, 29 analysts were covering Encana (ECA). Of these, ~31% have “strong buy” ratings, ~62% have “buy” recommendations, while the remaining ~7% of analysts have “hold” recommendations.

    By Nicholas Chapman
  • uploads///Normalized Chart
    Company & Industry Overviews

    How Low Crude Oil and Natural Gas Prices Affect Upstream Companies

    Last year turned out to be a quite brutal one for all commodities, and energy commodities are no exception. Crude oil was down by ~30% in 2015, whereas natural gas saw a decline of ~19% during the same period.

    By Nicholas Chapman
  • uploads///EOG Q Post Analysts
    Earnings Report

    EOG Resources’ Stock Price Reached This Target in 2Q16

    As of August 5, ~49% of Wall Street analysts rate EOG Resources as a “buy,” and ~49% of analysts rate it as a “hold.” About 2% rate the stock as a “sell.”

    By Nicholas Chapman
  • uploads///MRO Q MAs
    Company & Industry Overviews

    How the Decline in Crude Oil Prices Affected Marathon Oil

    Although crude oil prices have rallied ~78% from their lows in February 2016, crude is still trading ~57% lower than its high two years ago.

    By Nicholas Chapman
  • uploads///RRC Q Post Revenues
    Earnings Report

    What Caused Range Resources’ Revenue Growth in 4Q17

    Range Resources’ 4Q17 revenue In 4Q17, Range Resources (RRC) reported revenue of ~$600 million, lower than Wall Street analysts’ estimate of ~$626 million. RRC’s revenue rose ~24% from its 3Q17 revenue of ~$482 million and ~2% from its 4Q16 revenue of ~$590 million. Reasons behind Range Resources’ higher revenue in 4Q17 Range Resources’ higher revenue could be attributed […]

    By Nicholas Chapman
  • uploads///DVN Q Tender Offers Amount Tendered
    Company & Industry Overviews

    What Are the Results of Devon Energy’s Tender Offers?

    In order to deal with lower energy prices, Devon Energy has designed its own approach. One of the key components of this approach is the protection of its balance sheet.

    By Nicholas Chapman
  • uploads///CNX Q Pre Net Income
    Earnings Report

    Can CNX Resources Report Higher Profits in 4Q17?

    CNX Resources (CNX) is set to report its 4Q17 and 2017 earnings on February 6, 2018, before the market opens. CNX is expected to report 1,000% higher profits YoY than 4Q16.

    By Nicholas Chapman
  • uploads///COP Q Post Analysts
    Earnings Report

    Analysts’ Forecasts after ConocoPhillips’s 2Q16 Earnings

    Currently, ~29% of Wall Street analysts rate ConocoPhillips (COP) as a “buy” and ~67% of analysts rate it as a “hold.”

    By Nicholas Chapman
  • uploads///FANG Analyst Recommendations
    Company & Industry Overviews

    What Wall Street Analysts Are Saying about Diamondback Energy

    As of March 4, 2016, about 85% of Wall Street analysts have rated Diamondback Energy (FANG) as a “buy,” and ~12% of analysts have rated it as a “hold.”

    By Nicholas Chapman
  • uploads///COP Q Net Debt to EBITDA
    Company & Industry Overviews

    Should Investors Worry about ConocoPhillips’s Increased Debt Load?

    As of September 30, 2016, ConocoPhillips’s (COP) total debt stood at ~$28.7 billion.

    By Nicholas Chapman
  • uploads///CNX Q Pre Revenue
    Earnings Report

    Analyzing CNX Resources’ 4Q17 Revenue Expectations

    For 4Q17, Wall Street analysts expect CNX Resources (CNX) to report revenues of $338 million.

    By Nicholas Chapman
  • uploads///Energy MWU_ UPSTREAM Losses
    Energy & Utilities

    Upstream Losses: HPR, CRC, XOG, SRCI, and DNR

    As of June 13, HighPoint Resources (HPR) had fallen ~5.7% this week, to $6.28 from $6.66, pushing HPR below its 50-day moving average.

    By Nicholas Chapman
  • uploads///COP Q Pre Net Income
    Earnings Report

    Will COP’s 4Q17 Include Its Highest Quarterly Profit in 3 Years?

    ConocoPhillips (COP) is set to report its 4Q17 and 2017 earnings results before the market opens on February 1, 2018.

    By Nicholas Chapman
  • uploads///Energy MWU_ INTEGRATED Gainers
    Miscellaneous

    Which Integrated Energy Stocks Are Rising This Week?

    This week, which started on October 9, 2017, China National Offshore Oil (CEO) is at the top of the list of gainers in the integrated energy sector.

    By Nicholas Chapman
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    Earnings Report

    Could ConocoPhillips Report Higher Profits in Q2 2018?

    ConocoPhillips (COP) plans to report its Q2 2018 earnings on July 26. Its consensus net income estimate is ~$1.18 billion.

    By Nicholas Chapman
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    Earnings Report

    Chart in Focus: Occidental Petroleum’s 3Q16 Cash Flow Estimates

    For 3Q16, Wall Street analysts expect Occidental Petroleum (OXY) to report cash flows of $1.36 per share, which would be ~1% higher than in 3Q15.

    By Nicholas Chapman
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    Earnings Report

    Range Resources’ Free Cash Flow in 1Q18

    In 1Q18, Range Resources (RRC) reported operating cash flow of ~$371 million, beating analysts’ expectation of ~$312 million.

    By Nicholas Chapman
  • uploads///MUR Q Pre Revenue
    Earnings Report

    Will Analysts’ 2Q16 Revenue Estimates for Murphy Oil Bear Out?

    Murphy Oil (MUR) is set to report its 2Q16 earnings on July 27, 2016. For 2Q16, Wall Street analysts expect Murphy Oil to report revenues of ~$489 million, which is lower by ~34% when compared with 2Q15 revenues of ~$738 million.

    By Nicholas Chapman
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    Energy & Utilities

    Is Southwestern Energy Stock in a New Uptrend?

    For the week ending March 16, 2018, Southwestern Energy (SWN) stock rose ~3% or from $4.35 to $4.46.

    By Nicholas Chapman
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