Sector: Energy & Utilities

24 Jun

Analyzing the Top Utility Stocks in 2019

BY Vineet Kulkarni

Among the top utility stocks in 2019, Southern Company (SO) leads the pack. The stock has rallied almost 30% in 2019. Southern Company has shown an unusual rally in the last few months.

Last week, US crude oil August futures rose 8.8%—the highest weekly gain for active US crude oil futures since December 2, 2016. US crude oil August futures closed at $57.43 per barrel on June 21.

HollyFrontier (HFC) stock has fallen 18% in the second quarter. A weak refining environment weakened impacted HFC stock in the fourth quarter, causing its 50 DMA (day moving average) to break below its 200 DMA.

The utilities sector continues to offer a premium dividend yield along with stable upward price movement. On average, utility stocks are currently yielding 3.2%, while broader markets offer a yield close to ~2%.

Yesterday, US crude oil’s implied volatility was 41.3%, 14.4% above its 15-day average.

12 Jun

Will Rise in Natural Gas Prices Continue?

BY Rabindra Samanta

On June 11, natural gas July futures rose 1.8% and settled at $2.399 per MMBtu (million British thermal units).

ExxonMobil's second-quarter upstream production is expected to be in line with its first-quarter output.

With a mean target price of $34, Enterprise Products Partners offers an upside potential of 21% from its current price.

Last week, Icahn sued Occidental Petroleum to gain access to corporate records related to what he believes is a hugely overpriced deal to acquire Anadarko.

Phillips 66 (PSX) stock has fallen 7.7% in the past month, higher than the fall in the broader market indicator, the SPDR S&P 500 ETF (SPY).

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