Nicholas Chapman

Marathon Oil (MRO) announced its second-quarter earnings after the market closed on August 1.

As of July 25, Reuters reported that of the 32 analysts covering Southwestern Energy (SWN), ~3% of analysts have “strong buy” and ~13% of analysts have “buy” recommendations on the 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.

In Q1 2018, 140 funds bought CNX Resources (CNX).

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

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.

On July 24, Reuters reported that 26 analysts had given recommendations on EOG Resources (EOG).

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.

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).

For the second quarter, Wall Street analysts expect EOG Resources (EOG) to report revenue of ~$3.91 billion.

EOG Resources (EOG) is expected to report its second-quarter earnings results after the market closes on August 2.

Of the seven analysts covering California Resources (CRC) on July 23, ~14% recommended “strong buy,” ~14% recommended “buy,” and ~72% recommended “hold.”

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

In Q1 2018, 265 funds were “buyers” of Marathon Oil (MRO) stock, either creating new positions or adding to existing positions.

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

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.

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

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.

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.

For Q2 2018, Devon Energy (DVN) expects total production in a range of 524–549 Mboepd (thousand barrels of oil equivalent per day).

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.

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.

On July 11, ConocoPhillips (COP) announced a dividend of $0.285 per share on its common stock.

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.

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

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.

In the first half of 2018, CXO fell from its 2017 close of $150.22 to $138.35—a moderate decrease of ~8.0%.

In Q1 2018, ten hedge funds either created new positions or added to their positions in Tellurian (TELL).

In the week starting July 2, Legacy Reserves (LGCY) decreased from $6.90 to $6.22, a fall of almost 9.9%.

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.

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.

Of the three analysts covering World Fuel Services (INT) on June 27, one recommended “strong buy,” one recommended “hold,” and one recommended “sell.”

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.

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.

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%.

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.

Crude oil (USO) prices rose from last week’s close of $68.58 per barrel to $70.53 per barrel on June 26—an increase of ~3%.

On June 22, Reuters reported that 25 analysts had given recommendations on Occidental Petroleum (OXY) stock.

In this article, we’ll take a look at how hedge funds are positioning themselves in Occidental Petroleum (OXY) stock.

In this article, we’ll try to quantify any correlation between OXY and crude oil prices.

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.

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.

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.

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%.

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.

In this part of our series, we’ll look at the top-percentage gainers from the US refining and marketing sector this week.

Of the 19 analysts covering ONEOK (OKE) on June 19, five recommended “strong buy,” four recommended “buy,” and ten recommended “hold.”

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.

Year-to-date, Valero Energy (VLO) has been the Energy Select Sector SPDR ETF’s (XLE) fourth-strongest energy stock, rising ~27%.

This year, Anadarko Petroleum (APC) has been the Energy Select Sector SPDR ETF’s (XLE) third-strongest stock.

This year, Hess (HES) has been the Energy Select Sector SPDR ETF’s (XLE) second-strongest energy stock.

Year-to-date, ONEOK (OKE) has been the Energy Select Sector SPDR ETF’s (XLE) strongest energy stock, rising ~29%.

In this series, we’ll look at the Energy Select Sector SPDR ETF’s (XLE) strongest stocks, and analyze the developments behind their movement.

From June 18–20, Archrock (AROC) was at the top of the list of gainers in the oilfield services group.

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

From June 18–20, the energy sector was the second-best-performing sector in the S&P 500.

During the week ended June 15, Southwestern Energy (SWN) stock had a correlation of 34.0% with natural gas.

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.

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.

PetroChina (PTR) fell ~7.7% from the previous week’s close of $84.18 to $77.72 on June 14.

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%.

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%.

Marathon Petroleum (MPC), Andeavor (ANDV), and Baker Hughes, a GE Company (BHGE) are leading the decline in XLE 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.

This week, Weatherford International (WFT) has fallen the most in the oilfield service sector, by 3.3% from $3.64 to $3.52.

In this part, we’ll analyze the top percentage gainers in the US oilfield service sector this week.

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.

To conclude our series, we’ll discuss analysts’ recommendations for this year’s weakest upstream stocks.

Year-to-date, Cabot Oil & Gas (COG) has been the fifth-weakest energy stock from the US oil and gas production sector.

This year, Jagged Peak Energy (JAG), has been the third-weakest US upstream stock.

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.

In the last week (May 29–June 4), Southwestern Energy (SWN) stock has risen ~7%.

About 18% of the 22 analysts covering COP stock have “strong buy” recommendations, and 46% have “buy” recommendations.

For the week ended June 1, ConocoPhillips stock had a correlation of ~5% with crude oil prices.

For a holiday-shortened week ended June 1, crude oil (USO) prices decreased from $67.88 per barrel to $65.81, a 3% fall.

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.

The median target price on ConocoPhillips stock is $75.00, which is ~15% higher than its closing price of $65.47 on May 25.

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.

In Q1 2018, 12 hedge funds bought W&T Offshore (WTI) stock, and 23 hedge funds sold WTI stock.

So far in 2018, Oasis Petroleum (OAS) is the fifth-best-performing upstream stock from the US.

Crude oil prices have been rising since June 2017 and are up ~76% since then.

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.

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.

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.

Southwestern Energy (SWN) stock rose 7% from $4.42 on May 14 to $4.73 on May 21.

About 17% of the analysts covering ConocoPhillips (COP) stock have “strong buy” recommendations.

For the week ended May 18, ConocoPhillips stock had a correlation of ~54% with crude oil.

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.

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.

In this part of our series, we’ll look at the top-percentage gainers from the US refining and marketing sector this week.

In the week starting on May 14, Concho Resources (CXO) decreased from $152.70 to $149.33—a decrease of more than 2.2%.

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.

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.

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.

In 1Q18, Denbury Resources reported revenues of ~$353 million, much better than the Wall Street analyst consensus of ~$316 million.

On a year-over-year basis, DNR’s 1Q18 operating cash flow was ~283% higher from the ~$24 million it generated in 1Q17.

In 1Q18, Denbury Resources (DNR) reported revenues of ~$353 million, much better than the Wall Street analyst consensus of ~$316 million.

Denbury Resources reported a better-than-expected profit of ~$54 million in 1Q18. Wall Street analysts were expecting a profit of ~$43 million.

CNX Resources (CNX) announced its 1Q18 earnings on May 3 before the market opened. In 1Q18, CNX Resources reported revenues of ~$496 million.