Nicholas Chapman
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
Marathon Oil’s Q2 2018 Earnings Miss Estimates
Marathon Oil (MRO) announced its second-quarter earnings after the market closed on August 1.
What’s the Forecast for Southwestern Energy Stock?
As of July 25, Southwestern Energy (SWN) had an implied volatility of ~50.0%, which is lower when compared with its implied volatility of ~50.9% at the end of the second quarter of 2018.
Are Institutional Investors Buying CNX Resources Stock?
In Q1 2018, 140 funds bought CNX Resources (CNX).
A Look at CNX Resources’ Stock Price Forecast
As of July 26, 2018, CNX Resources (CNX) had an implied volatility of ~37.2%, which is lower when compared with its implied volatility of ~39.1% at the end of Q2 2018.
EOG Resources: Pre-Earnings Wall Street Ratings
On July 24, Reuters reported that 26 analysts had given recommendations on EOG Resources (EOG).
Where EOG Stock Could Settle prior to Its Q2 2018 Results
On July 24, EOG Resources had an implied volatility of ~26.4%, lower than its implied volatility of ~27.5% at the end of the second quarter.
Analyzing EOG Resources’ Q2 2018 Revenue Expectations
For the second quarter, Wall Street analysts expect EOG Resources (EOG) to report revenue of ~$3.91 billion.
Will EOG Resources Report Higher Profits in Q2 2018?
EOG Resources (EOG) is expected to report its second-quarter earnings results after the market closes on August 2.
What Analysts Recommend for CRC, Pre-Q2 Earnings Release
Of the seven analysts covering California Resources (CRC) on July 23, ~14% recommended “strong buy,” ~14% recommended “buy,” and ~72% recommended “hold.”
Are Institutional Investors Selling Marathon Oil Stock?
In Q1 2018, 265 funds were “buyers” of Marathon Oil (MRO) stock, either creating new positions or adding to existing positions.
Analyzing Marathon Oil’s Dividend and Dividend Yield
MRO paid its last dividend on June 11. The dividend, which was its dividend payment for Q2 2018, was $0.05 per share on its common stock.
Devon Energy: Wall Street Ratings ahead of Q2 2018 Earnings
As of July 17, Reuters reported 33 analysts with recommendations on DVN. Of these, ~28% say “strong buy,” ~36% say “buy”, and ~36% say “hold” for DVN.
Will Devon Energy Beat Q2 2018 Earnings Estimates?
Devon Energy (DVN) beat consensus EPS estimates in Q2 2017 and Q3 2017 but missed consensus EPS estimate in Q4 2017 before meeting EPS estimates in Q1 2018.
Will Devon Energy’s Production Increase in Q2 2018?
For Q2 2018, Devon Energy (DVN) expects total production in a range of 524–549 Mboepd (thousand barrels of oil equivalent per day).
Devon Energy’s Revenue Expectations for Q2 2018
For Q2 2018, Wall Street analysts expect Devon Energy (DVN) to report revenues of ~$3.90 billion. On a year-over-year basis, DVN’s Q2 2018 revenues expectations are ~24% higher compared with its Q2 2017 revenues of ~$3.15 billion.
Will Devon Energy Report Higher Profits in Q2 2018?
Devon Energy (DVN) is expected to report its Q2 2018 earnings on July 31 after the market closes. Here’s what you need to know.
Analyzing ConocoPhillips’s Dividend and Dividend Yield
On July 11, ConocoPhillips (COP) announced a dividend of $0.285 per share on its common stock.
A Look at ConocoPhillips’s Q2 2018 Earnings Estimates
In the last four quarters, COP beat the consensus EPS estimate 75.0% of the time and met its consensus EPS estimate 25.0% of the time.
Are Hedge Funds Buying COG, XEC, WMB, CXO, and HAL?
In Q1 2018, hedge funds increased their aggregate holdings in Cimarex Energy, Williams Companies, and Concho Resources by 12.66%, 22.73%, and 71.02%, respectively.
Concho Resources: The Fourth-Lowest Energy Performer in XLE
In the first half of 2018, CXO fell from its 2017 close of $150.22 to $138.35—a moderate decrease of ~8.0%.
Are Hedge Funds Buying TELL, LGCY, AROC, and CLB?
In Q1 2018, ten hedge funds either created new positions or added to their positions in Tellurian (TELL).
Upstream Losses This Week: LGCY, HK, WTI, SN, and XEC
In the week starting July 2, Legacy Reserves (LGCY) decreased from $6.90 to $6.22, a fall of almost 9.9%.
Energy Is Worst-Performing Sector in the S&P 500 So Far This Week
Due to the negative performance from energy commodities, the energy sector is turning out to be the worst-performing sector in the S&P 500 Index this week.
Forecasting ConocoPhillips’s Stock Price Up until July 6
Due to its stock price rising ~2.7% last week, ConocoPhillips (COP) implied volatility fell from ~26.6% to ~26.4%, marginally lower than its implied volatility of ~26.5% on March 30.
Analyzing Wall Street’s Targets for INT, PBR, and YPF
Of the three analysts covering World Fuel Services (INT) on June 27, one recommended “strong buy,” one recommended “hold,” and one recommended “sell.”
INT Stock Falls the Most in the Refining and Marketing Sector
As no US refining and marketing stocks have risen this week, we’ll look at the stocks that have fallen the most in the sector.
Analyzing Wall Street’s Targets for GPOR, KOS, IO, and BAS
To conclude our series on the biggest movers in the upstream and oilfield service sectors, we’ll now look at Wall Street’s recommendations for this week’s strongest and weakest stocks.
Weakest Upstream Stocks This Week: KOS, OAS, MRO, WLL, and MUR
This week, Kosmos Energy (KOS) has fallen ~6.9% from $8.45 to $7.87. On June 26, KOS closed the day with a loss of ~2.6%.
Upstream Gainers This Week: Gulfport Energy Leads
As of June 26, Gulfport Energy (GPOR) had risen ~6.9% from last week’s close of $11.62 to $12.42, above its 50-day and 200-day moving averages of $10.31 and $11.59, respectively.
What’s Analysts’ Median Target Price for Occidental Petroleum?
On June 22, Reuters reported that 25 analysts had given recommendations on Occidental Petroleum (OXY) stock.
Are Hedge Funds Buying Occidental Petroleum?
In this article, we’ll take a look at how hedge funds are positioning themselves in Occidental Petroleum (OXY) stock.
Analyzing Occidental Petroleum’s Dividend and Dividend Yield
Occidental Petroleum will pay a quarterly dividend of $0.77 per share on its common stock on July 16 to shareholders of record as of June 11.
Understanding Occidental’s Correlation with Crude Oil Prices
In this article, we’ll try to quantify any correlation between OXY and crude oil prices.
ConocoPhillips Stock’s Median Target Price on Wall Street
As of June 22, Reuters reported 24 analysts with recommendations on ConocoPhillips (COP). Of these, ~21% of analysts have “strong buy” ratings and ~46% analysts have “buy” recommendations.
Where ConocoPhillips’s Stock Could Settle by June 29
As of June 22, ConocoPhillips (COP) had an implied volatility of ~26.6%, which is marginally higher than its implied volatility of ~26.5% on March 30.
Did Crude Oil Move ConocoPhillips’s Stock Last Week?
As we saw in the previous part of this series, ConocoPhillips’s (COP) stock price was up by 3.70% for the week ended June 22.
How ConocoPhillips Stock Reacted to Rising Crude Oil Prices Last Week?
For the week ending June 22, crude oil (USO) prices increased strongly from $65.06 per barrel to $68.58 per barrel, a rise of more than 5.4%.
Are Hedge Funds Selling DK, PBF, YPF, and TOT?
In this part of our series, we’ll take a look at how hedge funds are positioning themselves in the leading gainers and decliners from the refining and marketing sector and integrated energy sector this week.
Analyzing Wall Street’s Targets for OKE, HES, APC, VLO, and COP
Of the 19 analysts covering ONEOK (OKE) on June 19, five recommended “strong buy,” four recommended “buy,” and ten recommended “hold.”
Are Hedge Funds Buying OKE, HES, APC, VLO, and COP?
In this part, we’ll look at how hedge funds are positioning themselves in the Energy Select Sector SPDR ETF’s (XLE) strongest energy stocks.
Anadarko Petroleum: XLE’s Third-Strongest Stock
This year, Anadarko Petroleum (APC) has been the Energy Select Sector SPDR ETF’s (XLE) third-strongest stock.
What’s Behind Hess’s Strong Performance This Year?
This year, Hess (HES) has been the Energy Select Sector SPDR ETF’s (XLE) second-strongest energy stock.
This is XLE’s Strongest Energy Stock
Year-to-date, ONEOK (OKE) has been the Energy Select Sector SPDR ETF’s (XLE) strongest energy stock, rising ~29%.
How the Energy Sector Is Doing This Year
In this series, we’ll look at the Energy Select Sector SPDR ETF’s (XLE) strongest stocks, and analyze the developments behind their movement.
Oilfield Services Gainers This Week: AROC, OII, DRQ, TTI, CRR
From June 18–20, Archrock (AROC) was at the top of the list of gainers in the oilfield services group.
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%.
Energy: Second-Best-Performing Sector in S&P 500 This Week
From June 18–20, the energy sector was the second-best-performing sector in the S&P 500.
Did Natural Gas Prices Impact SWN Stock Last Week?
During the week ended June 15, Southwestern Energy (SWN) stock had a correlation of 34.0% with natural gas.
Is Southwestern Energy’s New Uptrend for Real?
For the week ended June 15, Southwestern Energy (SWN) stock increased ~6.0% from $4.88 on June 8 to $5.16 on June 15.
ConocoPhillips’s Stock Underperformed Crude Oil Prices Last Week
As we saw in the previous part of this series, ConocoPhillips’s (COP) stock price was down ~6%. Crude oil (SCO) fell more than 1%. So, it’s clear that COP’s stock price underperformed crude oil prices.
Integrated Energy Losses This Week: PTR, YPF, CVE, PBR, and SU
PetroChina (PTR) fell ~7.7% from the previous week’s close of $84.18 to $77.72 on June 14.
Delek US Holdings: The Biggest Refining and Marketing Decliner
Delek US Holdings (DK) decreased from last week’s close of $56.69 to $51.92 on June 14, which is a drop of ~8.4%.
How Are Energy Commodities Performing This Week?
Marathon Petroleum (MPC), Andeavor (ANDV), and Baker Hughes, a GE Company (BHGE) are leading the decline in XLE this week.
Energy Sector: Third-Lowest Performer in the S&P 500 This Week
On June 14, the S&P 500 Index was up ~0.2% for the week. It rose from the previous week’s close of $2,779.03 to $2,782.49.
Weatherford: This Week’s Weakest Oilfield Service Stock
This week, Weatherford International (WFT) has fallen the most in the oilfield service sector, by 3.3% from $3.64 to $3.52.
Oilfield Service Gainers: IO, RES, TTI, BAS, and AROC
In this part, we’ll analyze the top percentage gainers in the US oilfield service sector this week.
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.
Analyzing Wall Street’s Targets for HK, XEC, JAG, LPI, and COG
To conclude our series, we’ll discuss analysts’ recommendations for this year’s weakest upstream stocks.
Energy Sector: This Week’s Second-Slowest Performer in S&P 500
So far this week, the S&P 500 Index has increased ~1.4% to $2,772.35 on June 6, up from last week’s close of $2,734.62.
Could Southwestern Energy Be Following a New Uptrend?
In the last week (May 29–June 4), Southwestern Energy (SWN) stock has risen ~7%.
ConocoPhillips Stock and Analysts’ Mean Target Price
About 18% of the 22 analysts covering COP stock have “strong buy” recommendations, and 46% have “buy” recommendations.
Did Crude Oil Move ConocoPhillips Stock Last Week?
For the week ended June 1, ConocoPhillips stock had a correlation of ~5% with crude oil prices.
ConocoPhillips Stock: Did It Outperform Crude Oil Last Week?
For a holiday-shortened week ended June 1, crude oil (USO) prices decreased from $67.88 per barrel to $65.81, a 3% fall.
Southwestern Energy’s Trading Range Forecast for the Next 7 Days
As of May 25, Southwestern Energy (SWN) had an implied volatility of 54.2%, which is lower than 62.2% at the end of Q1 2018.
ConocoPhillips Stock: Analysts’ Median Target Price
The median target price on ConocoPhillips stock is $75.00, which is ~15% higher than its closing price of $65.47 on May 25.
What Are Wall Street’s Targets for WTI, CRC, DNR, WLL, and OAS?
To conclude our overview of the biggest movers in the upstream and oilfield services sector, we’ll discuss Wall Street analysts’ recommendations for the companies with the strongest gains in 2018.
Are Hedge Funds Buying WTI, CRC, DNR, WLL, and OAS?
In Q1 2018, 12 hedge funds bought W&T Offshore (WTI) stock, and 23 hedge funds sold WTI stock.
How Oasis Petroleum Stock Has Performed in 2018
So far in 2018, Oasis Petroleum (OAS) is the fifth-best-performing upstream stock from the US.
How Is the Energy Sector Performing in 2018?
Crude oil prices have been rising since June 2017 and are up ~76% since then.
World Fuel Services: Biggest Loss in Refining and Marketing Sector
In this series on the biggest movers in the energy sector this week, we’ll look now at the stocks with the biggest losses in the US refining and marketing sector.
Is the Energy Sector Dragging the S&P 500 Down?
In this series, we’ll look at the companies with the top gains and losses in the refining and marketing sector and integrated energy sector.
Southwestern Energy’s Possible Trading Range Forecast for Next Week
On May 21, Southwestern Energy (SWN) had an implied volatility of ~49.7%, lower than its implied volatility of ~62.2% at the end of the first quarter.
Is a Trend Change in the Offing for Southwestern Energy?
Southwestern Energy (SWN) stock rose 7% from $4.42 on May 14 to $4.73 on May 21.
ConocoPhillips: Median Target Price Increased $4 Last Week
About 17% of the analysts covering ConocoPhillips (COP) stock have “strong buy” recommendations.
Crude Oil and ConocoPhillips Stock Last Week
For the week ended May 18, ConocoPhillips stock had a correlation of ~54% with crude oil.
Are Hedge Funds Buying CVRR, INT, SU, and YPF?
In the first quarter, 12 hedge funds bought CVR Refining’s (CVRR) stock and three sold of CVRR stock. So the total buying hedge funds outnumbered the total selling hedge funds by nine.
World Fuel Services: This Week’s Only Refining and Marketing Loss
In this series on the biggest movers in the energy sector this week, we’ll look now at the stocks with the biggest losses in the US refining and marketing sector.
This Week’s Rising Refining and Marketing Energy Stocks
In this part of our series, we’ll look at the top-percentage gainers from the US refining and marketing sector this week.
Upstream Losses: CXO, CDEV, CPE, RSPP, and MTDR
In the week starting on May 14, Concho Resources (CXO) decreased from $152.70 to $149.33—a decrease of more than 2.2%.
Southwestern Energy: Trading Range Forecast for Next Week
As of May 14, Southwestern Energy (SWN) had an implied volatility of 44.3%, which is lower than 62.2% at the end of the first quarter.
Analyzing Occidental Petroleum’s Dividend and Dividend Yield
On May 3, Occidental Petroleum (OXY) announced a quarterly dividend of $0.77 per share on its common stock. This dividend is payable on July 16 to stockholders of record as of June 11.
Why Occidental Petroleum Reported Higher Profits in 1Q18
Occidental Petroleum (OXY) announced its 1Q18 earnings on May 8 after the market closed. Let’s take a closer look at the results now that the dust has settled.
How Denbury Resources Stock Reacted to 1Q18 Earnings
In 1Q18, Denbury Resources reported revenues of ~$353 million, much better than the Wall Street analyst consensus of ~$316 million.
What Boosted Denbury Resources’ Revenue Growth in 1Q18?
In 1Q18, Denbury Resources (DNR) reported revenues of ~$353 million, much better than the Wall Street analyst consensus of ~$316 million.
Denbury Resources Turned Losses into Profits in 1Q18
Denbury Resources reported a better-than-expected profit of ~$54 million in 1Q18. Wall Street analysts were expecting a profit of ~$43 million.
How CNX Resources’ Stock Reacted to 1Q18 Earnings
CNX Resources (CNX) announced its 1Q18 earnings on May 3 before the market opened. In 1Q18, CNX Resources reported revenues of ~$496 million.
Southwestern Energy: Post-Earnings Wall Street Ratings
The mean target price on Southwestern Energy (SWN) stock is $5.94, which is ~41.0% higher than its May 1 closing price of $4.21.
Why SWN Reported Sequentially Lower Production in 1Q18
For 1Q18, Southwestern Energy (SWN) reported production of 226 Bcfe (billion cubic feet equivalent), which was ~5.0% lower than its 4Q17 production of 239 Bcfe.
Marathon Oil’s 1Q18 Earnings Beat Estimates on Higher Production
Marathon Oil (MRO) announced its 1Q18 earnings on May 2 after the market closed. It beat the adjusted EPS estimate by $0.04.
ConocoPhillips Stock Reacts to Its 1Q18 Earnings
On April 26, ConocoPhillips’s stock price gapped up more than 1%. ConocoPhillips stock rose and closed the day with a gain of ~3%.
Analyzing ConocoPhillips’s 1Q18 Operational Performance
For 1Q18, ConocoPhillips (COP) reported total production of 1,224 Mboepd—above its 1Q18 production guidance range of 1,180–1,220 Mboepd.
What Are the Odds of CRC Beating Its 1Q18 Earnings Estimates?
In the last four quarters, California Resources beat its consensus EPS (earnings per share) estimates in 1Q17, 3Q17, and 4Q17.
Analyzing California Resources’ 1Q18 Revenue Expectations
For 1Q18, analysts expect California Resources (CRC) to report revenue of ~$532 million.
Are Hedge Funds Buying CNX Resources?
In 4Q17, 21 hedge funds bought CNX Resources (CNX) stock and 25 hedge funds sold CNX stock.
Will CNX Resources’ Production Rise in 1Q18?
Considering the magnitude of the expected production increase in full-year 2018, CNX Resources’ production in 1Q18 will probably come in above its 1Q17 and 4Q17 production.
Southwestern Energy Beats 1Q18 Earnings Estimate by $0.03
Southwestern Energy (SWN) announced its 1Q18 earnings yesterday after the market closed.
Are Hedge Funds Accumulating Devon Energy Stock?
In 4Q17, 51 hedge funds were buyers of Devon Energy (DVN) stock, and 54 hedge funds were sellers of DVN stock.
The Odds of Devon Energy Beating Its 1Q18 Earnings Estimates
In the last four quarters, DVN beat the consensus EPS estimate 75.0% of the time and missed the consensus EPS estimate 25.0% of the time.
Hedge Fund Activity with Marathon Oil Stock
In 4Q17, 41 hedge funds bought Marathon Oil’s (MRO) stock, and 32 hedge funds sold MRO stock.
Marathon Oil: The Word on Wall Street ahead of 1Q18 Earnings
As of April 24, Reuters reported 27 analysts having recommendations on MRO. Of these, ~15% have “strong buy” ratings, ~44% have “buy” ratings, and the remaining ~41% have “hold” ratings.