Concho Resources Inc
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ConocoPhillips’ (COP) adjusted EPS might fall ~24% in the first quarter on a sequential basis based on analysts’ consensus estimate.
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On April 15, Brent crude oil June futures settled ~$7.78 higher than the WTI crude oil May futures. On April 8, the spread was at ~$6.7.
US Oil Supply Might Not Impact Oil Much
On April 10, US crude oil May futures rose 1% and closed at $64.61 per barrel—the highest closing level since November.
Is Oil Getting Riskier?
On April 3, US crude oil May futures declined just 0.2% and closed at $62.46 per barrel.
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On April 1, Brent crude oil June futures settled ~$7.4 higher than WTI crude oil May futures.
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Will US Oil Exports Continue to Rise?
On March 25, Brent crude oil May futures settled ~$8.4 higher than the WTI crude oil May futures. On March 18, the spread was ~$8.2.
Energy & Utilities US Oil Exports: A Concern for Oil’s Rise?
In the week ending March 15, US oil exports were at 3.39 MMbpd (million barrels per day)—the second-highest level.
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On February 26, Apache’s (APA) implied volatility was 39.3%, which was ~0.6% higher than its 15-day average.
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Oil’s Bullishness Rises after Inventory Data Release
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Futures Spread: Have the Bearish Sentiments Declined for Oil?
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Occidental Petroleum reported a double-digit rise on December 26 with a rise of 8.7% in US crude oil prices.
Oil-Weighted Stocks Could Be Influenced by Volatile Oil Prices
On December 19, US crude oil February futures rose 3.4% from the lowest closing level in more than a year and closed at $48.17 per barrel.
EIA Inventory Data Might Support Oil
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How’s Devon Energy Positioned with Oil at $50?
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Futures Spread: What’s Driving Bearish Oil Sentiment?
On November 26, US crude oil January 2019 futures closed ~$1.1 below January 2020 futures. On November 19, the futures spread was at a discount of ~$0.7.
EIA Could Record another Dismal Week for Oil Bulls
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On November 14–21, our list of oil-weighted stocks fell 0.6%—compared to the 3.2% fall in US crude oil January futures.
EIA Inventory Data Might Further Escalate Oil’s Trouble
In the week ending on November 9, US crude oil inventories were 5% above their five-year average, two percentage points more than the previous week.
Top Upstream Gainers in the Trailing Week
On November 12–19, upstream stock Concho Resources (CXO) gained the most on our list of upstream energy stocks.
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Upstream Energy Stocks: Biggest Losses Last Week
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Energy & Utilities Which Oil ETFs Fell Less than Oil Last Week?
On November 2–9, the United States Oil ETF (USO) and the United States 12-Month Oil ETF (USL) fell 4.6% and 3.8%, respectively.
Saudi Arabia Might Pause Oil’s Fall This Week
On November 2–9, US crude oil December futures fell 4.7% and closed at $60.19 per barrel on November 9.
Analyzing Oil-Weighted Stocks’ Returns
California Resources was among the top five oil-weighted stocks that had the highest correlations with the S&P 500 Index.
Why Have Oil-Weighted Stocks Fallen?
On October 17–24, our list of oil-weighted stocks fell 13.8%—compared to the 4.1% fall in US crude oil December futures.
Strongest Upstream Stocks in the Week Ending October 5
Cimarex Energy (XEC) was the top upstream gainer in the week ending October 5. Cimarex Energy rose 6.7% last week.
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.
Strongest Upstream Stocks in the Week Ending September 28
In the week ending September 28, W&T Offshore (WTI) was still among the top upstream gainers for the second consecutive week.
Analyzing the Divergence in Oil’s Futures Spread
On October 1, US crude oil November futures closed ~$3.2 above the November 2019 futures. On September 24, the futures spread was at a premium of $3.42.
Oil Entered October on a Bullish Note
On September 21–28, US crude oil November futures rose 3.5% and closed at $73.25 per barrel—$0.90 below its multiyear closing high.
Marathon Oil: Analysts’ Recommendations
Among the analysts surveyed by Reuters, 59.0% recommend Marathon Oil (MRO) as a “buy,” while 41.0% recommend it as a “hold.”
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.
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%.
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.
US Crude Oil Above $70: Chasing the Right Oil-Weighted Stocks
On September 12, US crude oil October futures rose 1.6% and closed at $70.37 per barrel—the highest closing level since July 20.
Pioneer Natural Resources Is the Fifth Least Volatile E&P Stock
Pioneer Natural Resources (PXD), an E&P (exploration and production) company with the majority of its operations in Texas, is in fifth place in terms of least volatile E&P stocks.
Wall Street Analysts’ Ratings after the Diamondback–Energen Deal
About 94.0% of analysts rate FANG as a “buy,” and the remaining 6.0% rate it as a “hold.”
Why Diamondback Energy Plunged after the Deal Announcement
FANG is down 8.3% since the deal announcement. In the same timeframe, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) has lost 0.2%.
Diamondback Energy’s Pro Forma Permian Production versus Peers
Diamondback Energy expects its 2018 production to lie between 115.0 Mboepd and 119.0 Mboepd.
Diamondback Energy Set to Become a Large-Cap Permian Player
Diamondback Energy (FANG) recently announced that it would acquire Energen Corporation (EGN) in an all-stock deal valued at $9.2 billion.
Analyzing Oil-Weighted Stocks and Oil Prices
On August 1–8, our list of oil-weighted stocks fell 0.7%, while US crude oil September futures fell 1.1%.
Analyzing US Crude Oil’s Futures Spread
On August 6, US crude oil September futures closed ~$5.02 above the September 2019 futures contract.
Have Oil ETFs Underperformed US Crude Oil?
US crude oil September futures fell 0.3% last week. USL and UCO underperformed US crude oil prices during this period.
Could $67 Be the Next Important Level for US Crude Oil?
Yesterday, US crude oil’s implied volatility was 23.4%, ~3.3% below its 15-day average.
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.
Crude Oil Prices: Is More Downside Possible?
The API reported that US crude oil inventories rose by 5.6 MMbbls (million barrels) on July 20–27.
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.
Are Oil ETFs Rising Faster than US Crude Oil?
Between February 11, 2016, and July 27, US crude oil active futures rose 162.1% from their 12-year low.
Factors Keeping US Crude Oil below the $70 Mark
US crude oil September futures closed at $68.69 per barrel on July 27—the fifth straight closing below $70.00 per barrel.
Is Oil’s Recovery Fading?
On July 26, US crude oil September futures rose 0.4% and settled at $69.61 per barrel.
What Analysts Recommend for Hess Stock
Approximately 52% of analysts covering Hess (HES) recommend “hold,” ~43% recommend “buy,” and 5% rate it as “underperform.”
Continental Resources: Analysts’ Expectations
Around 75% of the analysts covering Continental Resources stock rated it as a “buy,” 22% rated it as a “hold,” and 3% rated it as “underperform.”
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%.
Will Continental Resources Report Another Earnings Beat?
Continental Resources (CLR) is scheduled to release its second-quarter earnings on August 7 after the markets close.
Geopolitical Turmoil Back: Which Oil-Weighted Stocks to Ride?
On July 25, US crude oil September futures rose 1.1% and closed at $69.3 per barrel.
Hess’s Q2 2018 Revenues Beat Estimates, Earnings Miss
Hess (HES) reported its Q2 2018 earnings on July 25. Hess posted revenues of ~$1.56 billion, beating analysts’ estimates of ~$1.34 billion.
Using Implied Volatility to Forecast Oasis’s Stock Price Range
Oasis Petroleum (OAS) stock’s current implied volatility is ~ 50.22%, which is ~2.08% higher than its 15-day average of 49.19%.
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.”
How Whiting’s Stock Could React to Its Q2 Earnings Announcement
Whiting Petroleum (WLL) stock has risen significantly this year, by 81.4%, fueled by strong crude oil prices (DBO) and the company’s first-quarter results.
WTI Oil: Are Hedge Funds Cutting Risk?
Hedge funds’ net bullish positions in WTI oil futures and options decreased 7.4% to 401,690 from July 10 to July 17.
Analyzing the Conflicted Oil Futures Market
On July 23, US crude oil September futures closed ~$4.4 above the September 2019 futures contract.
Why VNOM and BSM Trade at a Premium to E&P Companies
Viper Energy Partners was trading at a forward EV-to-EBITDA multiple of 13.7x on July 18. This is higher than the historical one-year average of 12.7x.
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%.
Broad Market Sentiment Supporting Some Oil-Weighted Stocks
Between July 11 and July 18, our list of oil-weighted stocks fell 2.4%, while US crude oil September futures fell 1.6%.
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%.
What to Expect from Oasis Petroleum’s Q2 2018 Earnings
Oasis Petroleum (OAS) is expected to release its second-quarter earnings on August 1.
Whiting Petroleum’s Second-Quarter Earnings: What to Expect
Whiting Petroleum (WLL) is expected to release its second-quarter earnings on July 31 after the market closes.
Anadarko Petroleum: Analysts’ Recommendations
About 76% of the analysts covering Anadarko Petroleum (APC) rated the stock as a “buy,” 21% rated it as a “hold,” and 3% rated it as “underperform.”
WTI Cushing–WTI Midland Spread Drops from Multiyear High
The WTI Cushing-WTI Midland spread was $11.25 per barrel on July 16, compared to $13.25 per barrel on July 9.
Hedge Funds’ Positions: Bullish Momentum in WTI Oil?
Hedge funds’ net bullish positions in US crude oil futures and options decreased 0.1% to 433,938 on July 3–10.
Will President Trump’s Plan Impact Crude Oil?
WTI crude oil prices hit $74.15 per barrel on June 29—the highest level since November 2014. However, Brent and WTI oil prices fell 5.2% and 4.2%.
What Analysts Expect for Hess’s Stock Price in the Next 12 Months
Approximately 52% of analysts have rated Hess Corporation (HES) as a “hold,” and ~43% have rated it as a “buy.”
Hess Corporation to Release Q2 2018 Earnings: Are You Ready?
Hess Corporation is set to release its second-quarter earnings on July 25. Its revenue estimate for the second quarter is $1.34 billion.
What Are Analysts’ Ratings for Anadarko Petroleum?
Around 75.75% of the analysts rated Anadarko Petroleum (APC) as a “buy,” 21.21% rated it as a “hold,” and 3% rated it as “underperform.”