Apache Corp.
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In 2019 so far, Apache Corp. (APA) stock has fallen 28.8% and underperformed the Energy Select Sector SPDR Fund’s (XLE) 2.7% rise.
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Oil and Energy Stocks Fall after Trump’s Latest Tariff
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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.”
Important Energy Events This Week
The EIA (U.S. Energy Information Administration) is scheduled to release its Monthly Crude Oil and Natural Gas Production data on April 30.
Occidental Petroleum: What to Expect from Its Q1 Earnings
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Is Oil Outperforming Oil-Weighted Stocks?
On April 17–24, our list of oil-weighted stocks rose 1%—compared to the 3.2% rise in US crude oil June futures.
What Analysts Think of Apache
Raymond James increased its target price for Apache (APA) by $2 to $46 on April 16, and Morgan Stanley raised it by $1 to $25 on April 12.
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.
Key Energy Events This Week
The EIA (U.S. Energy Information Administration) is scheduled to release its oil and natural gas inventory data on April 24 and April 25.
Goldman Sachs: What to Expect from Oil in 2019
On April 8, Goldman Sachs increased its price forecast for Brent crude oil to $66 in 2019—$3.5 higher than the last forecast.
Here Are Some Key Energy Events for Next Week
The EIA (U.S. Energy Information Administration) is scheduled to release its oil and natural gas inventory data on April 3 and April 4.
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 & Utilities Oil Inventories’ Concerns Might Not Last Long
On March 28, US crude oil active futures fell 0.9% and closed at $59.41 per barrel. US crude oil prices closed lower for the second trading session.
Energy Sector: Analyzing Key Events This Week
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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
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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.
What Are the Key Energy Events This Week?
On March 6–7, the EIA (U.S. Energy Information Administration) is scheduled to release its oil and natural gas inventory data, respectively.
Analyzing Oil-Weighted Stocks Compared to Oil
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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.”
Where Apache Might Be after Its Earnings Results
On February 26, Apache’s (APA) implied volatility was 39.3%, which was ~0.6% higher than its 15-day average.
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.
What Are the Key Energy Events This Week?
On February 27 and 28, the EIA is scheduled to release its oil and natural gas inventory data, respectively.
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.
Key Energy Events This Week
On February 6–7, the U.S. Energy Information Administration is scheduled to release its oil and natural gas inventory data.
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.
Key Energy Events for the Week Starting on January 28
On January 30 and 31, the U.S. Energy Information Administration is scheduled to release its oil and natural gas inventory data, respectively.
Key Energy Events This Week
On January 24, the EIA (U.S. Energy Information Administration) is scheduled to release its oil and natural gas inventory data.
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.
Key Energy Events for This Week
On January 16 and January 17, respectively, the U.S. Energy Information Administration is scheduled to release oil and natural gas inventory data.
Key Energy Events This Week
On January 9 and January 10, respectively, the EIA (U.S. Energy Information Administration) is scheduled to release oil and natural gas inventory data, which could be an important short-term driver for oil and natural gas prices.
Key Energy Events This Week
The EIA’s (U.S. Energy Information Administration) latest oil and natural gas inventory data are scheduled to be released on January 4.
Did Oil ETFs Outperform Oil Prices Last Week?
On December 21–28, the United States Oil ETF (USO) and the United States 12-Month Oil ETF (USL) fell 0.4% and 0.3%, respectively.
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.
Has Oil Impacted Oil-Weighted Stocks’ Returns?
On December 19–26, our list of oil-weighted stocks fell 2.2%—compared to the 4% fall in US crude oil February futures.
Key Energy Events This Week
The EIA’s latest oil and natural gas inventory data are scheduled to be released on December 19–20, respectively.
Why the Upcoming EIA Data May Not Be Bullish for Oil Prices
In the week that ended on November 30, US crude oil inventories were 6% higher than their five-year average.
Key Energy Events This Week
The EIA’s (U.S. Energy Information Administration) latest oil and natural gas inventory data are scheduled to be released on December 12–13.
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.
Key Energy Events This Week
The EIA’s latest oil and natural gas inventory data are scheduled to be released on November 28 and November 29, respectively.
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.
Key Energy Events This Week
The EIA’s latest oil and natural gas inventory data are scheduled to be released on November 21.
Oil Might Have Dragged Oil-Weighted Stocks
On November 7–14, our list of oil-weighted stocks fell 11.2%—compared to the 8.8% fall in US crude oil December futures.
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.
What to Expect from the Energy Sector This Week
Early this week, the EIA’s DPR (Drilling Productivity Report) and OPEC’s Monthly Oil Market Report are scheduled to be announced.
EIA’s Inventory Data Might Not Bring Fresh Longs in Oil Prices
In the week ending on October 26, US crude oil inventories were 2% above their five-year average—the same as the previous week.
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.
These Events Might Concern Your Energy Portfolio
This week, specific events could impact oil and natural gas prices. The EIA’s report might be important for oil and natural gas prices going forward.
Oil-Weighted Stocks: Oil Might Have a Lower Significance
On October 24, US crude oil November futures rose 0.6% and closed at $66.28 per barrel.
Key Energy Events This Week
The EIA’s latest oil and natural gas inventory data are scheduled to be released on October 24–25, respectively.
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.
Are Oil-Weighted Stocks Falling Less than US Crude Oil?
On October 10–17, our list of oil-weighted stocks fell 4% compared to the 4.7% fall in US crude oil November futures.
Key Energy Events to Watch This Week
This week, specific events could impact oil and natural gas prices. The EIA’s Drilling Productivity Report is scheduled to be released early this week.
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.
Upstream Stocks: Analyzing Rating Updates Last Week
Last week, Suntrust Robinson lowered Chesapeake Energy to “hold” from “buy” and reduced the target price to $5 from $6.
Analyzing Marathon Oil’s Technical Indicators
Recently, Marathon Oil (MRO) went above its short-term (50-day) moving average, which indicates bullish sentiment in the company.
Where Could Marathon Oil Trade in the Next Seven Days?
Marathon Oil’s (MRO) 30-day implied volatility was 33.5% as of September 18—slightly below the 15-day average of 34.6%.
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.
What Could Affect Energy Prices This Week
This week, specific events could affect oil and natural gas prices.
Which Oil ETFs Outperformed Oil Last Week?
Between September 7 and 14, the United States Oil ETF (USO) rose 1.5%, the United States 12-Month Oil ETF (USL) rose 2.3%, and the ProShares Ultra Bloomberg Crude Oil ETF (UCO) rose 3%.
OPEC and Non-OPEC Meeting Might Increase Oil’s Volatility
Between September 7 and 14, US crude oil October futures rose 1.8% and closed at $68.99 per barrel.
Oil Might Finish Just above $70 Next Week
On September 14–21, US crude oil futures could close between $66.36 and $70.82 per barrel 68.0% of the time.
Is Oil Boosting Oil-Weighted Stocks?
Between September 5 and September 12, our list of oil-weighted stocks rose just 0.1% compared to the 2.4% rise in US crude oil October futures.
A Look at This Week’s Key Energy Events
Between September 10 and September 14, a handful of events could affect oil and natural gas prices.
Can Kinder Morgan Stock Gain Upward Momentum?
Kinder Morgan (KMI) stock rose 0.7% last week. Although it was a small gain, it outperformed the midstream MLP sector.
ONEOK Focuses on Capital Projects to Drive Growth
ONEOK (OKE) expects to spend $2.090 billion–$2.480 billion on capital projects in 2018.
Oil’s Moves: Which Oil-Weighted Stocks Could Be Sensitive?
On September 5, US crude oil October futures fell 1.6% and closed at $68.72 per barrel.
What Might Influence Energy Prices This Week?
On August 24–31, Murphy Oil (MUR), EQT (EQT), and Apache (APA) have returns of -1.8%, -0.3%, and 0.8%, respectively.
Certain Events Might Concern Energy Prices This Week
The EIA’s (U.S. Energy Information Administration) Monthly Crude Oil and Natural Gas Production report is scheduled to be released later this week.
Are Oil-Weighted Stocks Outperforming Oil Prices?
On August 15–22, our list of oil-weighted stocks rose 7.4%, while US crude oil October futures rose 5.3%.
Which Energy Events Could Impact Energy Prices This Week?
The U.S. Energy Information Administration’s latest crude oil and natural gas inventory data are scheduled to be released on August 22 and August 23.
Key Energy Events for Energy Prices This Week
The EIA’s latest crude oil and natural gas inventory data are scheduled to be released on August 15 and August 16, respectively.
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.
Analyzing the Economic Outlook and Oil Prices
On August 3–10, US crude oil September futures price fell 1.3% and closed at $67.63 per barrel on August 10—the ninth consecutive close below $70.
These Energy Events Could Influence Energy Prices This Week
Between August 6 and August 10, a variety of events could affect oil and natural gas prices.
Analyzing Enterprise Products Partners’ Capital Projects
Enterprise Products Partners’ (EPD) total capital spending in the second quarter was $983 million.
Is Oil Pulling Oil-Weighted Stocks Lower?
Between July 25 and August 1, our list of oil-weighted stocks fell 3.8%, while US crude oil September futures fell 2.4%.
Oil Inches Lower: Which Oil-Weighted Stocks Could Be at Stake?
On August 1, US crude oil September futures fell 1.6% and closed at $67.66 per barrel.
Anadarko Petroleum’s Q2 2018 Revenue and Earnings Top Estimates
Anadarko Petroleum (APC) reported its Q2 earnings on July 31. Its revenues were $3.29 billion compared to the estimated $3.01 billion.
Global Crude Oil Supply Outage Approaches 14-Month High
Brent oil (BNO) futures rose 0.9% to $74.97 per barrel on July 30. WTI oil futures (USO) rose 2.1% to 70.13 per barrel on the same day.
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.
What to Expect from US Crude Oil Next Week
On July 26, US crude oil’s implied volatility was 22.6%, ~8.9% below its 15-day average.
Is Oil’s Recovery Fading?
On July 26, US crude oil September futures rose 0.4% and settled at $69.61 per barrel.