Apache Corp.
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These Are the Top 5 Upstream Energy Dividend Stocks
Investors’ preference for top dividend stocks could increase in 2020. Among sector-specific ETFs, the Energy Select Sector SPDR ETF reigns supreme.
The US Energy Sector: An Overview
To understand the US energy sector, it’s essential first to understand the country’s energy needs. The US uses various energy sources to meet its energy needs.
Do US Energy Stocks Look Promising?
Crude oil production continues to rise, and oil prices remain at $50. Despite that, US energy stocks aren’t getting investors’ interest.
Oil and Energy Stocks Fall after Trump’s Latest Tariff
President Trump’s new tariff impacted crude oil prices. On Thursday, the WTI near-month crude oil futures price fell approximately 8%.
Which Energy Stocks Missed Oil’s Upside?
Among the oil-weighted stocks, Apache (APA) had a correlation of 47% with US crude oil prices—the lowest among oil-weighted stocks.
Apache Outperformed Oil-Weighted Stocks
On June 5, Apache’s share prices rose 5.4%, while US crude oil prices rose 0.4%. On the same day, the S&P 500 Index (SPY) rose 2.1%.
Apache: Analysts’ Recommendations and Target Prices
Among the 31 analysts tracking Apache (APA), 48% recommended a “hold,” 26% recommended a “buy,” and 26% recommended a “sell.”
OPEC’s Role in World Oil Production
OPEC (the Organisation of the Petroleum Exporting Countries) aims to “coordinate and unify the petroleum policies of its Member Countries.”
Occidental Petroleum: What to Expect from Its Q1 Earnings
Occidental Petroleum (OXY) is scheduled to announce its first-quarter results on May 6.
Why Apache’s Earnings May Halve in Q1 2019
Apache (APA) is set to announce its first-quarter results on May 1. Analysts expect its adjusted EPS to fall ~52% sequentially in the quarter.
Where Could Hess Stock Be Headed in the Next Seven Days?
On March 27, Hess Corporation’s (HES) implied volatility was 34.7%, ~4% higher than its 15-day average.
Energy Sector: Analyzing Key Events This Week
The EIA is scheduled to release its oil and natural gas inventory data on March 27–28, which could be a short-term driver for oil and natural gas prices.
What Could Impact Oil on March 22?
On March 21, US crude oil May futures fell 0.4% to $59.98 per barrel. Profit-booking might be behind the small decline in US crude oil.
Futures Spread: Oil Market Sentiments
On March 11, the US crude oil April 2019 futures closed ~$1.7 below the April 2020 futures. On March 4, the futures spread was at a discount of $1.8.
MLPs and Midstream Stocks: Gains and Losses Last Week
Cheniere Energy Partners, Magellan Midstream Partners, and Noble Midstream Partners were among the biggest gains last week.
Apache: Analysts’ Recommendations and Outlook
Among the 32 analysts tracking Apache (APA), 28% recommended a “buy,” 47% recommended a “hold,” and 25% recommended a “sell.”
Why Apache’s Earnings Could Fall More than 60%
Apache (APA) is set to announce its fourth-quarter earnings results on February 27. Based on analysts’ consensus estimates, its adjusted earnings per share could fall 61.9% on a sequential basis.
Analysts Cut Price Target on Concho Resources
On February 20, Concho Resources (CXO) fell 7.1%.
Kinder Morgan Expects Higher Capital Spending in 2019
Kinder Morgan (KMI) spent $2.3 billion on growth projects in 2018. The company expects to spend $3.1 billion on capital projects in 2019.
HES Stayed Above Its 50-Day Average ahead of Its Earnings Release
On January 28, Hess Corporation (HES) stock closed 2.5% above its 50-day moving average.
ConocoPhillips Might Have the Most Moderate Upside
ConocoPhillips (COP) might have an upside of 8.9% in the next 12 months based on analysts’ mean target price.
Will Earnings Data Help ConocoPhillips?
On January 18, ConocoPhillips shares closed 1.3% below the 200-day moving average. ConocoPhillips might test the key moving average.
Have Oil-Weighted Stocks Outdone Oil Prices?
On January 9–16, our list of oil-weighted stocks fell 1%—compared to the 0.1% fall in US crude oil February futures.
Key Oil-Weighted Stocks amid Oil’s Up and Down
On January 16, US crude oil February futures rose 0.4% and closed at $52.31 per barrel, despite bearish EIA inventory data.
Oil: 2018 Might Be the Worst Year since 2016
So far in 2018, US crude oil prices have fallen 25%. Crude oil prices are in the red on a year-to-date basis for the first time since 2016.
OPEC’s Meeting: Key Catalyst for Oil This Week
The EIA’s latest oil and natural gas inventory data are scheduled to be released on December 5–6, respectively.
Devon Energy: Analysts Expect More than 70% Upside
Devon Energy (DVN) might have an upside of 75.1% in the next 12 months based on analysts’ mean target price.
Why Devon Energy Fell in November
In November, Devon Energy (DVN) fell 16.6%—the biggest decline on our list of upstream stocks.
ConocoPhillips: Jim Ratcliffe Eyes Assets in the United Kingdom
On November 19, ConocoPhillips (COP) confirmed to CNBC that it has been engaged in talks with Jim Ratcliffe.
XOP Is Underperforming Other Energy ETFs
On November 12–19, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) fell 1.6%—the largest decline among major energy ETFs.
ConocoPhillips’ Free Cash Flow Has Strengthened in 2018
ConocoPhillips (COP) has strengthened its FCF (free cash flow) in the past one year.
Will ConocoPhillips Continue to Deliver amid Oil’s Turbulence?
As of November 12, Brent crude oil active futures had fallen 18.3% from their almost four-year high of $86.29 per barrel on October 3.
Upstream Space Might See Upside This Week
On November 2–9, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) rose 0.6%—the least among major energy ETFs.
Key Energy Events for the Week Ending November 9
On November 8, the Fed might announce important changes to key interest rates, which would be important for the US dollar.
How Are Kinder Morgan’s Capital Projects Progressing?
Kinder Morgan expects its 2018 budgeted distributable cash flow to be impacted due to the delayed Elba Liquefaction project.
Kinder Morgan’s Third-Quarter Earnings Are Expected to Rise
Kinder Morgan (KMI) is scheduled to report its third-quarter earnings on October 17 after the market closes.
Marathon Oil Has Risen ~27% in 2018
Marathon Oil (MRO) has seen a strong rally in the past month. The company has risen ~15% from its lows of $19 in August.
Comparing the Fall in Oil ETFs and Oil Last Week
On August 3–10, USO fell 1.3%, USL fell 0.5%, and UCO fell 2.8%. These ETFs track US crude oil futures.
WTI Cushing–WTI Midland Spread at Highest Level since August 2014
The Brent-WTI Midland spread reached $23.11 per barrel on May 31, which was its highest level since August 2014.
Events that Could Impact Oil Prices This Week
Between July 20 and July 27, Murphy Oil (MUR), EQT (EQT), and Apache (APA) returned 2.0%, -10.5%, and 1.4%, respectively.
A Closer Look at Permian Basin Takeaway Capacity Constraints
Permian Basin crude oil production has seen a dramatic rise in recent years.
Continental Resources’ Stock Range before Its Earnings
The current implied volatility for Continental Resources (CLR) stock is ~39.46%, which is 0.81% higher than its 15-day average of ~39.14%.
Analyzing Continental Resources’ Stock Performance
Continental Resources (CLR) stock has been on a consistent uptrend since the beginning of 2018. The stock has risen 12.6% year-to-date.
Whiting Petroleum’s Short Interest Trends
Whiting Petroleum’s (WLL) short interest ratio (short interest as a percentage of float) is currently higher than it was a year ago, standing at ~13.34% in comparison to ~4.95%.
What Are Analysts’ Views on Whiting Petroleum Stock?
Of the analysts covering Whiting Petroleum (WLL) stock, 36.4% recommend “buy,” 45.5% recommend “hold,” and 12% have rated it as “underperform.”
Oil ETFs’ Performances amid Oil’s Decline
On July 13–20, the ETFs that track US crude oil futures reported negative returns. USO fell 2.2%, USL fell 1.8%, and UCO fell 4.6%.
Apache Stock: What Are Analysts’ Recommendations?
On June 11, Argus upgraded Apache stock from “hold” to “buy.” On March 7, UBS initiated coverage on Apache stock with a “sell” rating.
Forecasting Apache’s Stock Price Range
The current implied volatility in Apache’s stock (APA) is ~37.79%. In comparison, the Energy Select Sector SPDR ETF (XLE) has an implied volatility of 17.8%.
What Has Been Driving Apache Stock Lately?
Apache (APA) stock hasn’t risen as much as its peers this year. On a YoY (year-over-year) basis, Apache stock has declined 6.85%.
What’s the Forecast for Oasis Stock ahead of Q2 Earnings?
Oasis Petroleum (OAS) stock has a current implied volatility of ~50.2%, which is ~1.95% higher than its 15-day average of 49.26%.
