What Lies Ahead for American Tower
For fiscal 2017, American Tower expects to report property revenues that would be 14% higher on a year-over-year basis, or by $25 million.
Energy & Utilities
Stock news and analysis in the energy sector, including petroleum, natural gas, and green energy,
Inside American Tower’s 2Q17 Results: What You Need to Know
For 2Q17, American Tower (AMT) reported adjusted funds from operation of $1.58 per share, meeting Wall Street estimates and topping 2Q16 by 18.8%.
Analyzing Short Interest in Devon Energy Stock
As of June 30, 2017, Devon Energy’s (DVN) total shares shorted (or short interest) stood at ~10.4 million, whereas its average daily volume was ~5.9 million.
Will US Crude Oil Production Slow Down in 2018?
The EIA reported that US crude oil production fell by 19,000 bpd (barrels per day) to 9,410,000 bpd on July 14–21, 2017.
What’s the Forecast for ExxonMobil’s Stock Price?
Implied volatility in ExxonMobil has fallen from 14.9% on April 3, 2017, to 13.6% to date.
US Dollar Is near a 13-Month Low: What’s Next?
The US dollar hit 93.68 on July 21, 2017—the lowest level in 13 months. The US dollar has fallen more than 8% in 2017.
How Has the Ruble Performed in July 2017?
The Russian ruble (ERUS) tends to move in line with crude oil prices (USO) (UCO).
Analyzing Schlumberger’s Growth Drivers in 2Q17
Schlumberger’s (SLB) Production segment witnessed the highest revenue growth (17.6% rise) in 2Q17 over 2Q16.
Marathon Oil’s 2Q16 Operating Netbacks Unveiled
In 2Q16, Marathon Oil (MRO) reported an operating netback of ~$13.45 per boe (barrel of oil equivalent), which is ~41% lower than in 2Q15.
Shell’s Segments: Upstream Continues to Report Losses
Falling crude oil prices have changed the segmental dynamics within integrated energy companies such as Royal Dutch Shell (RDS.A).
Is It Time for SPN’s Options Traders to Make a Move?
On September 14, 2016, Superior Energy Services (SPN) had an implied volatility of ~51%.
Chevron’s Downstream Value Chains: Is It the Focus Area?
Chevron (CVX) is focusing on expanding its high-return sectors like Petrochemicals, Additives, and Lubricants.
California Resources’ Debt and Production: Chart in Focus
For 2Q16, California Resources (MRO) reported total debt of ~$466 per boe (barrel of oil equivalent) of production.
Chevron’s Upstream Portfolio: Major Projects to Start in 2016–2017
Chevron’s (CVX) Upstream segment production is poised to grow, with some of the major projects starting up in 2016–2017.
Cleaner Natural Gas Production Continuing to Hurt Coal Miners
Henry Hub benchmark natural gas prices came in at $2.92 per MMBtu for the week ended September 9, 2016, compared to $2.85 per MMBtu for the previous week.
Must-Know: Key Upcoming LNG Export Terminals in the US
The LNG sector faces steep competition not only from other domestic terminals but also other countries in the international LNG market.
Look to This Energy Company for the Best ROE
Battered by falling oil prices, the 2Q16 ROE numbers for ExxonMobil (XOM), Chevron, Royal Dutch Shell, and BP were lower than their five-year average historical ROE figures.
Key Highlights of Apache’s Alpine High Resource Play
Apache owns 307,000 contiguous net acres in its Alpine High play that have been secured over the past 18 months at an average cost of $1,300 a net acre.
Apache Announces a New Oil and Gas Discovery
On September 7, 2016, Apache (APA) announced a new resource play, Alpine High, in the Delaware Basin of Texas.
Explaining Halliburton’s Historical Valuation
A steeper earnings decline compared to the decline in its share price caused Halliburton’s (HAL) PE multiple to expand in 2015.
Looking 2 Years Out, Energy Stocks Trade at Respectable PEs
ExxonMobil (XOM) trades at an 8.1x EV-to-EBITDA multiple and a 20.2x price-to-earnings ratio, both above its peers’ averages.
Which Geography Is Working the Best for Schlumberger?
Schlumberger’s business model is diversified and not overly dependent on any particular line of business, catering to upstream companies’ needs.
Cloud Peak Energy Topped EBITDA Margin Growth in 2Q16
Cloud Peak Energy reported positive growth in its 2Q16 EBITDA margins. Cloud Peak Energy’s EBITDA margins came in at 11.1% in 2Q16.
How Volatile Is Patterson-UTI Energy after 2Q16?
On August 19, Patterson-UTI Energy had an implied volatility of ~40%. Since its 2Q16 results were announced, its implied volatility has fallen from ~45%.
How Volatile Is National Oilwell Varco?
On August 16, 2016, National Oilwell Varco (NOV) had an implied volatility of ~35%.
Marathon Petroleum’s Stock Performance: Up by 28% since June 30
Since the end of June, Marathon Petroleum’s (MPC) stock has risen by 28%. MPC has crossed over its 50-day and its 200-day moving averages during this period.
Rice Energy’s Organizational Structure: A Brief Overview
In its organizational structure, Rice Energy, through its GP Holdings subsidiary, and the public hold 35% and 65% limited partner interest, respectively, in Rice Midstream Partners.
How Is Flotek Industries Currently Valued Compared to Its Peers?
RPC is the largest company by market capitalization among our set of select OFS companies. Flotek Industries is the smallest of the lot.
Does the Rig Count Affect Flotek Industries’ International Revenue?
In the past year, Flotek Industries’ (FTK) revenue share generated outside the United States has risen by nearly 10%.
Why Did Natural Gas Prices Fall to 2-Month Lows?
Natural gas futures contracts for September delivery fell by 0.4% and settled at $2.55 per MMBtu on August 11. Natural gas prices tested two-month lows.
What Analysts Recommend for Apache after 2Q16 Earnings
Approximately 33% of analysts rate Apache (APA) a “buy,” and 55% rate it a “hold.” The remaining 12% rate it a “sell.”
Why Is Schlumberger’s Free Cash Flow So Remarkable?
In this part of the series, we’ll take a look at free cash flow for Schlumberger (SLB), Halliburton (HAL), Baker Hughes (BHI), and FMC Technologies (FTI).
What Are Analysts’ Recommendations for HollyFrontier?
The analysts’ survey shows that six out of the 11 companies surveyed rated HollyFrontier (HFC) as “neutral” or “market perform.”
What Analysts Recommend for Noble Energy after Its 2Q16 Earnings
Approximately 63% of analysts rate Noble Energy (NBL) a “buy,” and 34% rate it a “hold.” The remaining ~3% rate it a “sell.”
How Weather Could Impact Natural Gas Prices
In the week ended August 5, 2016, temperatures were higher than the forecast for the week. That boosted natural gas prices on August 3.
Decoding the Crude Oil Rig Count’s Impact on Natural Gas Prices
On July 29, the US crude oil rig count was 374, which was 3 higher than in the previous week.
Natural Gas: Key Moving Averages and Price Forecasts
Natural gas futures rose ~3.9% on August 3, 2016, compared to the previous session. The gain was caused by weather reports suggesting hotter weather.
What Analysts Recommend for EQT after 2Q16 Earnings
Approximately 65% of analysts rate EQT (EQT) a “buy,” and 30% rate it a “hold.” The remaining 5% rate it a “sell.”
How Range Resources Stock Reacted after Past Earnings Beats
In March 2016, Range Resources stock made a higher high for the first time in almost two years. Since January 2016, Range Resources stock has risen a whopping 112%.
NextEra Energy to Extend Its Presence in Texas by Buying Oncor
Just a couple of weeks after withdrawing from the Hawaiian Electric deal, renewables giant NextEra Energy (NEE) announced its decision to buy Oncor on July 29.
What Do Analysts Recommend for Anadarko after Its 2Q16 Earnings?
Approximately 73% of analysts rate Anadarko a “buy,” whereas 22% rate it a “hold,” and 5% rate it a “sell.” The average broker target price is $66.50.
Total’s Segments: Upstream Earnings Plunge but Stay Positive
Changing oil prices have changed the dynamics for Total’s segments. Although upstream earnings have declined in 2Q16 YoY, they stayed positive in the quarter.
What Do Analysts Recommend for Valero after 2Q16 Earnings?
Nine out of ten companies surveyed rated Valero (VLO) a “buy,” “overweight,” or “outperform.”
Valero’s Stock Rose 4.7% Following Its Earnings Release
Valero Energy (VLO) announced its results on July 26, 2016, before the market opened.
How Marathon Oil’s Stock Has Reacted to Past Earnings Reports
After losing ~84% of its market capitalization between September 2014 and February 2016, Marathon Oil’s stock price has begun to show signs of new uptrends.
What Does an Analysis of PSX’s Short Interest Reveal?
Since mid-February 2016, Phillips 66 (PSX) has witnessed an 18% fall in its short interest.
HollyFrontier’s 2Q16 Earnings Expected to Outshine Those of 1Q16
Wall Street analysts expect HollyFrontier to post EPS of $0.35, which is 76% lower than its 2Q15 adjusted EPS.
ONEOK Is Expected to Post Higher 2Q16 Earnings
ONEOK (OKE) and ONEOK Partners (OKS) are scheduled to report their 2Q16 results on August 2. Here’s what you need to know.
How Volatile Are Natural Gas and Crude Oil?
Natural gas’s (UNG) (GASL) (GASX) implied volatility was 40.0% on July 22, 2016. Its 15-day average implied volatility is 42.5%.
Will WNR’s Refining Margin Trend Higher This Quarter?
Western Refining (WNR) recorded a fall in gross refining margins, from $16.80 per barrel in 1Q15 to $10.80 per barrel in 1Q16.
