Analyzing Noble’s June Fleet Status Report
On June 7, Noble (NE) released its June fleet status report. Most of the offshore drilling companies don’t publish a monthly fleet status report.
Energy & Utilities
Stock news and analysis in the energy sector, including petroleum, natural gas, and green energy,
What’s the Energy Sector’s Dividend Yield?
Of all the energy segments, the oil and gas transportation services segment noted the highest dividend yield.
Top MLP Gainers in the Week Ending May 18
CVR Refining (CVRR), a downstream MLP involved in crude oil refining, was the top MLP gainer last week. CVR Refining rose 17.1%.
China’s April Trade Data and the Crude Oil Tanker Industry
China, which has the second-largest economy in the world, has a significant impact on the crude tanker industry.
Elliott Management Exits NRG Energy in Q1: What’s Next?
Elliott Management, the activist shareholder whose involvement doubled NRG Energy (NRG) stock in the last year, has exited NRG.
Is Energy Transfer Partners Exploring a C Corporation Structure?
High leverage and a complex capital structure have been a drag on Energy Transfer Partners’ market performance.
Is EP Energy Increasing Its Focus on Eagle Ford?
In February, EP Energy (EPE) announced that it had closed the acquisition of Carrizo Oil & Gas’s (CRZO) Eagle Ford assets.
PPL: Analysts’ Views and Target Prices
PPL (PPL) stock offers an attractive potential upside of more than 13% in a year with a mean target price of $32.3. PPL stock is trading at $28.5.
Why Weatherford’s 1Q18 Earnings Beat Estimates
Weatherford International released its 1Q18 earnings results today.
Key Energy Events This Week
The EIA’s crude oil and natural gas inventory data are scheduled to be released on April 25 and April 26, 2018, respectively.
USAC, CCLP: Will the Outperformance Continue?
USA Compression Partners, CSI Compressco, and Archrock Partners are up 11%, 32%, and 4%.
Mattel: S&P 500’s Top Gainer on April 11
Mattel, which is an American multinational toy manufacturing company, was the S&P 500’s top gainer on Wednesday.
Analyzing the Top 5 Upstream Energy Companies
Penn Virginia (PVAC) has the highest forecast capex growth in 2018. The company forecast a capex budget of $340 million in 2018.
Are Wall Street Analysts Bullish on Targa Resources?
On March 23, 2018, Morgan Stanley cut its target price for Targa Resources (TRGP) from $53 to $51.
What PPL’s Current Valuation Means for the Stock
PPL Corporation (PPL) stock was particularly hit by the recent utilities turmoil. Its valuation fell significantly over the last few months.
Analyzing Bunker Fuel Prices in Week 12
On March 22, 2018, the average bunker fuel price was $423 per ton—compared to $413 per ton on March 15.
Tight Oil Contribution to Rise to 70%: Key Permian Basin Driver
In its “Annual Energy Outlook 2018,” the US Energy Information Administration (EIA) has forecast that US tight oil production will mostly increase through early 2040.
Halliburton’s Next 7-Day Stock Price Forecast
Halliburton stock will likely close between $48.52 and $44.36 in the next seven days—based on its implied volatility.
How FirstEnergy Stock Ranks against Peers
FirstEnergy (FE) has been one of the top-performing stocks among the S&P 500 Utilities Index (XLU) this year.
What’s Schlumberger’s 7-Day Stock Price Forecast?
On January 19, 2018, Schlumberger’s (SLB) 4Q17 financial results were released.
Why MLPs Underperformed the Energy Sector Last Week
MLPs underperformed the energy sector and the broader US markets last week. Let’s take a look.
How Will EQT Corporation’s Organizational Structure Change?
After the EQT and Rice Energy merger closes, shareholders of EQT stock will own 65% of the combined company. Rice Energy shareholders will own 35%.
How GWR’s North American Carloads Trended in February
In February 2018, Genesee & Wyoming’s (GWR) North American carloads expanded 0.3% YoY (year-over-year) on a reported basis.
Ranking OFS Companies by Their Valuation Multiples
Flotek Industries’ (FTK) forward EV-to-EBITDA multiple is at the steepest discount to its current EV-to-EBITDA multiple on March 9, 2018.
ExxonMobil’s Potential in Downstream and Chemicals
ExxonMobil expects its downstream earnings to double by 2025 over 2017.
Understanding ConocoPhillips Stock’s Correlation with Crude Oil
ConocoPhillips’s stock performance As we saw in the previous part of this series, ConocoPhillips’s (COP) stock price rose ~2% in the week ended March 9, while crude oil (UWT) (SCO) (DWT) rose ~1%, suggesting that COP stock followed crude oil. In this part, we’ll try to quantify this correlation between COP stock and crude oil. ConocoPhillips’s stock […]
How’s PPL Stock Valued Compared to Its Peers?
Currently, PPL is trading at a PE (price-to-earnings) multiple of 13x—compared to peers’ (XLU) average valuation around similar levels.
NRG Energy’s Current Valuation
Currently, NRG Energy (NRG) stock is trading at an EV-to-EBITDA valuation of 12x—compared to its five-year historical valuation of around 11x.
Southwestern Energy Reported Higher Production in 4Q17
Sequentially, Southwestern Energy’s 4Q17 production is ~3% higher compared to its production of 232 Bcfe in 3Q17.
EOG Resources: Post-Earnings Wall Street Ratings
As of March 1, 2018, a total of 34 analysts have made recommendations on EOG Resources (EOG) stock, according to Reuters.
What Does Valero’s Moving Average Suggest?
In 1Q18, VLO’s 50-day moving average remained above its 200-day moving average.
A Look at Seadrill Partners’ Cost Performance in 4Q17
Seadrill Partners’ (SDLP) vessel and rig operating expenses fell 3% to $94 million in 4Q17 compared to $96.9 million in 3Q17.
Could Energy Continue Its Wild Ride in 2018?
From the presidential election in November 2016 through August 2017, the energy sector saw its worst time.
Cheniere Energy Stock after Its 4Q17 Earnings
Cheniere Energy is trading 4.4% above its 50-day simple moving average and 18.0% above its 200-day simple moving average.
Why Utility Sector Had Inverse Correlation with S&P 500 in January
The Utilities Select Sector SPDR ETF (XLU), which tracks the performance of the utility sector, fell 3.2% in January 2018.
Analyzing Euronav’s Balance Sheet on December 31
Euronav had a liquidity of $754 million at the end of the fourth quarter. Euronav has been working to strengthen its liquidity position.
Phillips 66’s Strong Performance in 2017
In 2017, Phillips 66 (PSX) was the fifth-best-performing energy stock of the Energy Select Sector SPDR ETF (XLE).
Wall Street’s Forecasts for Baker Hughes after Its 4Q17 Earnings
In this article, we’ll look at Wall Street analysts’ forecasts for shares of Baker Hughes, a GE company (BHGE) following its 4Q17 earnings release.
The Relationship between Natural Gas–Weighted Stocks and Oil
Natural gas supplies are linked to US crude oil prices. The entire energy sector tends to track oil prices.
US Dollar Hit a 3-Year Low: Is It Bullish for Crude Oil?
The US Dollar Index (UUP) fell 0.34% to 90.09 on January 23—the lowest level since December 2014. The fall supported crude oil prices on January 23, 2018.
US Gasoline Demand Could Extend the Crude Oil Price Rally
The EIA estimated that four-week average US gasoline demand decreased by 190,000 bpd (barrels per day) to 8,904,000 bpd on January 5–12, 2018.
Are US Crude Oil Rigs Indicating a Slowdown in Oil Production?
On January 19, 2018, Baker Hughes released its weekly US crude oil rigs report. US crude oil rigs decreased by five to 747 on January 12–19, 2018.
Why USAC Was the Top MLP Last Week
USA Compression Partners (USAC), a midstream MLP involved in natural gas contract compression services, was the top MLP gainer last week with WoW (week-over-week) gains of 7.8%.
MLPs Cool Off after a Strong 2-Week Rally
MLPs (master limited partnerships) cooled off last week, which ended on January 19, after two weeks of a strong rally.
Where Cheniere Energy Could Trade in the Next 7 Days
Cheniere Energy’s (LNG) 30-day implied volatility was 27.9% on January 18, 2018, which is slightly higher than its 15-day average of 27.8%.
How the Recent Trafigura Deal Could Boost Cheniere Energy’s Stock
Cheniere Energy’s subsidiary, Cheniere Marketing, recently entered into a long-term SPA (sale and purchase agreement) with Trafigura.
US Natural Gas Production and Consumption Could Impact Prices
According to PointLogic, US dry natural gas production increased by 0.3 Bcf (billion cubic feet) per day to 75.7 Bcf per day on January 11–17, 2018.
China’s December Trade Data Impact the Crude Tanker Industry
China (FXI) released key economic data for December 2017—import and export data, auto sales data, and the manufacturing index.
Weatherford’s Stock Price Forecast
On January 16, Weatherford International’s (WFT) implied volatility (or IV) was ~64%. Its 3Q17 earnings were announced on November 1, 2017. Since then, its implied volatility has increased from 54% to the current level.
These Energy Commodities Rose This Week
With the mixed performance from energy commodities, energy stocks are down this week. As of January 17, the Energy Select Sector SPDR Fund (XLE) has fallen ~0.4% this week.