Concho Resources Inc

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    Industrials

    Range Resources: A Look at Its Institutional Holdings

    Range Resources (RRC) reported adjusted EPS of -$0.07 in the third quarter. Let’s talk about institutional investor activity in RRC in the quarter.

    By Rabindra Samanta
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    Energy & Utilities

    Upstream Stocks: The Top Movers of 2019

    In 2019 so far, upstream energy companies Hess Corporation (HES) and Noble Energy (NBL) have risen 61.8% and 15.1%, respectively.

    By Rabindra Samanta
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    Company & Industry Overviews

    Whiting Petroleum Sees Yearlong Decline

    Whiting Petroleum (WLL) announced its Q2 2019 earnings results on July 31. The company’s stock prices fell 38.2% and touched a new yearlong low.

    By Rabindra Samanta
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    Energy & Utilities

    Concho Resources’ Target Price Cut by Credit Suisse

    On August 1, Credit Suisse and TD Securities reduced their target prices on Concho Resources (CXO) stock by $15 to $105 and $100, respectively.

    By Rabindra Samanta
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    Miscellaneous

    Concho Resources and Denbury Resources Buck Oil’s Rise

    All of the oil-weighted stocks except Concho Resources (CXO) and Denbury Resources (DNR) ended in the green. Concho Resources was unchanged, while Denbury Resources fell 0.8%.

    By Rabindra Samanta
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    Energy & Utilities

    How Brent-WTI Spread Is Affecting Oil Exports and Energy Stocks

    The widening gap between Brent and WTI crude oil prices could benefit US crude oil exporters.

    By Rabindra Samanta
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    Energy & Utilities

    Brent-WTI Spread Impacts Energy Sector Movements

    On April 8, Goldman Sachs wrote in a note that it expects Brent crude oil and US crude oil to average ~$66 and $59.50 per barrel in 2019.

    By Rabindra Samanta
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    Energy & Utilities

    Occidental Petroleum: Analysts’ Ratings before Its Q1 Earnings

    Among the 26 analysts tracking Occidental Petroleum (OXY), 62% recommended a “buy,” while 38% recommended a “hold.”

    By Rabindra Samanta
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    Energy & Utilities

    What to Expect from ConocoPhillips’ Q1 Earnings

    ConocoPhillips’ (COP) adjusted EPS might fall ~24% in the first quarter on a sequential basis based on analysts’ consensus estimate.

    By Rabindra Samanta
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    Energy & Utilities

    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.

    By Rabindra Samanta
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    Energy & Utilities

    Is Oil Getting Riskier?

    On April 3, US crude oil May futures declined just 0.2% and closed at $62.46 per barrel.

    By Rabindra Samanta
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    Energy & Utilities

    Barclays Expects Higher Oil Prices in the Second Quarter

    On March 28, Barclays wrote in a note that it expects Brent crude oil and US crude oil to average around $73 and $65 per barrel in the second quarter of 2019, respectively.

    By Rabindra Samanta
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    Energy & Utilities

    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.

    By Rabindra Samanta
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    Energy & Utilities

    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.

    By Rabindra Samanta
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    Energy & Utilities

    Oil: Futures Spread and Prices Are Diverging

    On February 25, US crude oil April 2019 futures closed ~$1.8 below the April 2020 futures.

    By Rabindra Samanta
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    Company & Industry Overviews

    Analysts Cut Price Target on Concho Resources

    On February 20, Concho Resources (CXO) fell 7.1%.

    By Rabindra Samanta
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    Energy & Utilities

    Brent-WTI Spread Impacts US Upstream Stocks

    On February 19, Brent crude oil April futures settled ~$10 higher than WTI crude oil April futures—near its four-month high.

    By Rabindra Samanta
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    Energy & Utilities

    Pioneer Natural Resources: Key Price Points in February

    On February 19, Pioneer Natural Resources’ (PXD) implied volatility was 28.8%, which is ~19.6% lower than its 15-day average.

    By Rabindra Samanta
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    Energy & Utilities

    Cimarex Energy: Analysts’ Recommendations and Target Price

    The mean target price for Cimarex Energy in the next year is ~$97, which implies a potential upside of ~27.7% from its last closing level.

    By Rabindra Samanta
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    Energy & Utilities

    Why ‘Buy’ Recommendations for Concho Resources Have Increased

    Of the 36 analysts tracking Concho Resources, 89% have given the stock “buys,” 11% have given it “holds,” and none have given it “sells.”

    By Rabindra Samanta
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    Earnings Report

    ConocoPhillips Stock Rises following Its Q4 Earnings Results

    On January 31, ConocoPhillips (COP) reported adjusted EPS of $1.13 for the fourth quarter, a fall of 17% on a sequential basis.

    By Rabindra Samanta
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    Earnings Report

    Oil Might Push Hess’s EPS into Negative Territory

    Hess Corporation (HES) is scheduled to report its fourth-quarter earnings results on January 30.

    By Rabindra Samanta
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    Energy & Utilities

    Oil’s Bullishness Rises after Inventory Data Release

    Yesterday, US crude oil March 2019 futures closed ~$2.07 below March 2020 futures.

    By Rabindra Samanta
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    Energy & Utilities

    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.

    By Rabindra Samanta
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    Energy & Utilities

    Goldman Sachs: Trump’s Love for Cheap Oil Could Cost Oil Drillers

    Jeff Currie, Goldman Sachs’ (GS) commodities’ head, told CNBC that oil’s fall to $50 will hurt US oil producers.

    By Rabindra Samanta
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    Energy & Utilities

    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.

    By Rabindra Samanta
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    Company & Industry Overviews

    A Look at ConocoPhillips’ Operational Metrics

    COP’s total natural gas production has fallen 6.4% from Q3 2017.

    By Rabindra Samanta
  • 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.

    By Rabindra Samanta
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    Energy & Utilities

    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.

    By Kurt Gallon
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    Energy & Utilities

    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.

    By Gordon Kristopher
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    Energy & Utilities

    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.

    By Gordon Kristopher
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    Basic Materials

    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.

    By Rabindra Samanta
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    Energy & Utilities

    What Analysts Recommend for Hess Stock

    Approximately 52% of analysts covering Hess (HES) recommend “hold,” ~43% recommend “buy,” and 5% rate it as “underperform.”

    By Keisha Bandz
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    Energy & Utilities

    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%.

    By Keisha Bandz
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    Energy & Utilities

    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%.

    By Keisha Bandz
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    Energy & Utilities

    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.”

    By Keisha Bandz
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    Energy & Utilities

    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%.

    By Keisha Bandz
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    Energy & Utilities

    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%.

    By Keisha Bandz
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    Energy & Utilities

    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%.

    By Keisha Bandz
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    Earnings Report

    What to Expect from Oasis Petroleum’s Q2 2018 Earnings

    Oasis Petroleum (OAS) is expected to release its second-quarter earnings on August 1.

    By Keisha Bandz
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    Energy & Utilities

    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.

    By Gordon Kristopher
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    Energy & Utilities

    Iran Running Out of Options: Could Oil Spike?

    From June 29 to July 6, US crude oil August futures fell 0.5%. On July 6, US crude oil August futures settled at $73.80 per barrel.

    By Rabindra Samanta
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    Consumer

    Are Hedge Funds Buying COG, XEC, WMB, CXO, and HAL?

    In Q1 2018, hedge funds increased their aggregate holdings in Cimarex Energy, Williams Companies, and Concho Resources by 12.66%, 22.73%, and 71.02%, respectively.

    By Nicholas Chapman
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    Consumer

    Concho Resources: The Fourth-Lowest Energy Performer in XLE

    In the first half of 2018, CXO fell from its 2017 close of $150.22 to $138.35—a moderate decrease of ~8.0%.

    By Nicholas Chapman
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    Energy & Utilities

    Wall Street Analyst Sentiment for Whiting Petroleum Stock

    Approximately 36.4% of Wall Street analysts rated Whiting Petroleum (WLL) a “buy” while 45.5% analysts rated it a “hold.”

    By Keisha Bandz
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    Energy & Utilities

    An Important Note to Investors in Oil-Weighted Stocks

    On July 3, US crude oil August futures rose 0.3% and closed at $74.14 per barrel.

    By Rabindra Samanta
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    Energy & Utilities

    What’s the Oil Futures Market Saying?

    On July 2, US crude oil August futures closed ~$10 above the August 2019 futures contract. On June 25, the futures spread was at a premium of $5.4.

    By Rabindra Samanta
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    Energy & Utilities

    The Price of WTI Oil Hits $70 per Barrel: Are the Bulls Back?

    US crude oil inventories fell 9.2 MMbbls (million barrels) to 421.4 MMbbls from June 15–22.

    By Gordon Kristopher
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    Energy & Utilities

    What’s Apache’s Stock Price Forecast?

    The current implied volatility in Apache’s stock (APA) is ~33.4%.

    By Keisha Bandz
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    Energy & Utilities

    What Could Be Holding Back Apache Stock?

    Apache stock (APA) has fallen 6.6% year-over-year driven by lackluster first-quarter earnings and increasing price differentials in the Permian.

    By Keisha Bandz
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    Energy & Utilities

    Why Did the WTI Cushing-WTI Midland Spread Drop?

    The WTI Cushing-WTI Midland spread was at $4.12 per barrel on June 25—compared to $9.7 per barrel on June 18. The spread fell 58% on June 18–25.

    By Gordon Kristopher
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    Energy & Utilities

    EIA Reports Significant Build in US Natural Gas Inventories

    On June 21, the EIA released its natural gas storage report. It reported that US natural gas inventories rose by 91 Bcf (billion cubic feet) to 2,004 Bcf from June 8 to 15.

    By Gordon Kristopher
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    Energy & Utilities

    Most Analysts Recommend a ‘Buy’ for Anadarko Petroleum Stock

    About 76% of the analysts covering Anadarko Petroleum (APC) have rated the stock a “buy,” and 21% have rated it a “hold.”

    By Keisha Bandz
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    Energy & Utilities

    Forecasting Oasis’s Stock Price Using Its Implied Volatility

    Oasis Petroleum (OAS) stock’s implied volatility is ~45%, ~3% lower than its 15-day average of ~46.3%.

    By Keisha Bandz
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    Energy & Utilities

    Saudi Arabia’s Oil Production Is near a Five-Month High

    Saudi Arabia’s crude oil production increased by 60,000 bpd to 10,120,000 bpd in May—compared to the previous month.

    By Gordon Kristopher
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    Energy & Utilities

    Rising Permian Production Has Been Straining Price Differentials

    The Midland-WTI crude oil price differential and the Waha–Henry Hub natural gas price basis differential have widened since the beginning of 2018.

    By Keisha Bandz
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    Energy & Utilities

    Light Sweet Crude Oil Drives US Crude Oil Production Growth

    According to the EIA (U.S. Energy Information Administration), recent growth in US crude oil production has been driven primarily by light, sweet crude oil.

    By Keisha Bandz
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    Energy & Utilities

    Large Drop in US Crude Oil Inventories Helps Oil Bulls

    The EIA reported that US crude oil inventories decreased by 4.1 MMbbls (million barrels) to 432.4 MMbbls on June 1–8.

    By Gordon Kristopher
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    Energy & Utilities

    Implied Volatility in Whiting Petroleum: Forecasting Stock Range

    Current implied volatility in Whiting Petroleum (WLL) is ~49.9%, 0.20% higher than its 15-day average of 49.8%.

    By Keisha Bandz
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    Energy & Utilities

    Can US Crude Oil’s Recovery Be Sustained?

    On June 11, US crude oil July futures rose 0.5% and settled at $66.10 per barrel.

    By Rabindra Samanta
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    Consumer

    US Crude Oil Production: Biggest Threat for Oil Prices

    Active WTI crude oil futures have declined ~10.4% since May 21. The Energy Select Sector SPDR ETF (XLE) has dropped ~4% since May 21.

    By Gordon Kristopher
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    Energy & Utilities

    Crude Oil Futures: Drivers on June 4–8

    The API is scheduled to release its crude oil inventory report on June 5. The EIA is scheduled to release its US crude oil production data on June 6.

    By Gordon Kristopher
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    Energy & Utilities

    Could US Crude Oil Fall More?

    On May 31, US crude oil July futures fell 1.7% and closed at $67.04 per barrel. That day, the United States Oil ETF (USO) fell 2%.

    By Rabindra Samanta
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    Energy & Utilities

    Latest Forecasts for US Natural Gas Production Growth

    According to the EIA, near-term production growth will be supported by a growing demand in a low, stable natural gas price environment.

    By Keisha Bandz
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    Miscellaneous

    Could WTI Crude Oil Prices Rise This Week?

    The API (American Petroleum Institute) is set to release its weekly crude oil inventory report on May 30, and the EIA (U.S. Energy Information Administration) is set to release its US crude oil production data on May 31.

    By Gordon Kristopher
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    Miscellaneous

    Record US Crude Oil Production Weighs on Oil Prices

    The EIA reported that US crude oil production increased by 2,000 bpd (barrels per day) to a record high of 10,725,000 bpd on May 11–18.

    By Gordon Kristopher
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    Miscellaneous

    CXO, SM, FANG, NBL, and SRCI’s Stock Performances

    SRC Energy (SRCI) was clearly the outperformer among its peers. SRC Energy has risen 78% YoY (year-over-year).

    By Keisha Bandz
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    Earnings Report

    Upstream Companies with the Highest Operating Margins

    In the first quarter, Concho Resources (CXO) reported operating margins of ~108%—compared to 173% in the first quarter of 2017.

    By Keisha Bandz
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    Energy & Utilities

    Upstream Losses: CXO, CDEV, CPE, RSPP, and MTDR

    In the week starting on May 14, Concho Resources (CXO) decreased from $152.70 to $149.33—a decrease of more than 2.2%.

    By Nicholas Chapman
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    Energy & Utilities

    Why US Crude Oil Inventory Levels May Fall

    According to the EIA (U.S. Energy Information Administration), in the week ended May 4, US crude oil inventories fell by ~2.2 MMbbls (million barrels) to ~433.8 MMbbls.

    By Rabindra Samanta
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    Energy & Utilities

    Cushing Inventories Are near a 12-Week High

    The EIA estimates that Cushing inventories increased by 0.4 MMbbls (million barrels) to 35.7 MMbbls on April 20–27.

    By Gordon Kristopher
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    Energy & Utilities

    Forecasting Anadarko Petroleum’s Stock Price

    On April 25, Anadarko Petroleum’s (APC) implied volatility was ~34%—approximately 0.70% higher than its 15-day average of ~33.9%.

    By Keisha Bandz
  • Energy & Utilities

    Which Oil-Weighted Stocks Could Fall If Oil Falls?

    On April 25, US crude oil June futures rose 0.5% and closed at $68.05 per barrel, despite a bearish inventory report.

    By Rabindra Samanta
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    Energy & Utilities

    Rise in US Oil Inventories Could Help Oil Rise More

    In the week ending April 13, US crude oil inventories fell by 1.1 MMbbls (million barrels) to ~427.6 MMbbls.

    By Rabindra Samanta
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    Energy & Utilities

    Oil at a 3-Year High: Oil-Weighted Stocks that Could Gain

    On April 11, US crude oil May futures closed at $66.82 per barrel—the peak level for US crude oil active futures since December 2, 2014.

    By Rabindra Samanta
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    Company & Industry Overviews

    Mattel: S&P 500’s Top Gainer on April 11

    Mattel, which is an American multinational toy manufacturing company, was the S&P 500’s top gainer on Wednesday.

    By Val Kensington
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    Energy & Utilities

    Higher Inventories Might Help Oil Prices Rise

    In the week ending March 30, 2018, US crude oil inventories fell by 4.6 MMbbls (million barrels) to ~425.3 MMbbls.

    By Rabindra Samanta
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    Energy & Utilities

    Analyzing the Weakest Energy Performers Last week

    On March 29–April 6, 2018, upstream stock RSP Permian (RSPP) fell the most on our list of energy stocks.

    By Rabindra Samanta
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    Energy & Utilities

    More Weakness in Oil Prices?

    On March 29–April 6, 2018, US crude oil May futures fell 4.4% and settled at $62.06 per barrel on April 6, 2018.

    By Rabindra Samanta
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    Energy & Utilities

    Oil Prices Could Fall after the EIA’s Inventory Data

    In the week ending March 23, 2018, US crude oil inventories rose by 1.64 MMbbls (million barrels) to ~429.94 MMbbls.

    By Rabindra Samanta
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    Energy & Utilities

    The Concho–RSP Permian Announcement: How the Market Reacted

    The day of the acquisition announcement, CXO stock fell 8.8%, and RSP Permian (RSPP) stock rose 16%.

    By Keisha Bandz
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    Energy & Utilities

    How Concho Resources Expects to Benefit from RSP Permian Deal

    The deal with RSP Permian (RSPP) would expand Concho Resources’ (CXO) Permian Basin footprint by 92,000 acres.

    By Keisha Bandz
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    Energy & Utilities

    RSP Permian Buy to Be ‘Immediately Accretive’ to Concho Resources

    RSPP shareholders will receive 0.32 of Concho Resources (CXO) shares for each RSP share.

    By Keisha Bandz
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    Energy & Utilities

    Concho Resources to Buy RSP Permian in Largest-Ever Permian Deal

    On March 28, 2017, Concho Resources (CXO) announced the acquisition of RSP Permian in an all-stock transaction valued at $9.5 billion.

    By Keisha Bandz
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    Energy & Utilities

    Are Oil-Weighted Stocks Falling More than Oil?

    Between February 11, 2016, and March 28, 2018, US crude oil active futures rose 145.6% from their 12-year low.

    By Rabindra Samanta
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    Energy & Utilities

    Update: Permian Rig Counts and New Well Production

    In the latest US rig count report released by Baker Hughes (BHI), the number of active US rigs drilling for oil grew by four to 804 last week, compared to the previous week.

    By Keisha Bandz
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    Energy & Utilities

    Permian Driving US Crude Oil Production Growth

    The EIA has forecast that US crude oil production in 2018 will average 10.7 million barrels per day.

    By Keisha Bandz
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    Energy & Utilities

    US Crude Oil Is near a 3-Year High

    On March 21, 2018, US crude oil May futures rose 2.6% and closed at $65.17 per barrel.

    By Rabindra Samanta
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    Energy & Utilities

    Comparing Stock Performance: LPI, EQT, FANG, SRCI, and CXO

    Stock performance In this part, we’ll compare Laredo Petroleum’s (LPI), EQT’s (EQT), Diamondback Energy’s (FANG), SRC Energy’s (SRCI), and Concho Resources’ (CXO) stock performance. As we saw in the previous part, these stocks reported the widest net profit margins in fiscal 2017. Outliers and underperformers Diamondback Energy (FANG) outperformed its peers, rising 27% YoY (year-over-year). Meanwhile, […]

    By Keisha Bandz
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    Earnings Report

    These Upstream Companies Had the Widest Net Margins in 2017

    Top five upstream companies based on net margins Let’s now look at the five upstream companies with the widest net profit margins in fiscal 2017. Profit margins are helpful in gauging a company’s profitability and operational efficiency. Profit margin growth shows that a company is increasing its operational efficiency and making more money on each unit […]

    By Keisha Bandz
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    Earnings Report

    Oasis Petroleum’s 4Q17 Results: What to Expect on February 28

    Oasis Petroleum (OAS) is expected to release its fiscal 4Q17 earnings on February 28.

    By Keisha Bandz
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    Energy & Utilities

    Implied Volatility in APA Stock: Forecasting Its Stock Price Range

    The current implied volatility in Apache stock (APA) is ~50.5%, which is 1.2% higher than its 15-day average of ~31.3%.

    By Keisha Bandz
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    Earnings Report

    How Anadarko’s Earnings and Revenue May Fare in 4Q17

    Anadarko Petroleum (APC) plans to report its 4Q17 and fiscal 2017 earnings on February 6, 2018, after the markets close.

    By Keisha Bandz
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    Earnings Report

    Hess to Release Its 4Q17 Earnings on February 5

    Hess’s 4Q17 revenue estimate is $1.3 billion, while its fiscal 2017 revenue estimate is ~$5.3 billion. Hess reported revenues of $1.19 billion in 4Q16.

    By Keisha Bandz
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    Energy & Utilities

    Forecasting Hess’s Stock Price Based on Its Implied Volatility

    Hess’s implied volatility Hess’s (HES) current implied volatility is ~32.3%, which is ~3.1% higher than its 15-day average of ~31.3%. In comparison, peers Apache (APA), Concho Resources (CXO), and Continental Resources (CLR) have implied volatility of ~30.1%, 20.4%, and ~28.4, respectively. Stock price forecast Based on Hess’s implied volatility of ~32.3% and assuming a normal distribution of […]

    By Keisha Bandz
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    Energy & Utilities

    What’s the Forecast for West Texas Intermediate Crude Oil?

    The EIA (U.S. Energy Information Administration) forecasts that US crude oil production will average 9.2 million barrels per day in 2017.

    By Keisha Bandz
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    Energy & Utilities

    Trends in Drilling and Completion Costs in the Permian Basin

    According to IHS Markit, there will be a 10% increase in the cost index for the Permian region by the end of 2017.

    By Keisha Bandz
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    Energy & Utilities

    A Look at the Trends in Permian Rig Counts

    In the latest US rig count report released by Baker Hughes (BHI), the number of active US rigs drilling for oil rose by two to 751 in the week ended December 8, 2017.

    By Keisha Bandz
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    Energy & Utilities

    Could Permian Basin Drive Growth in US Crude Oil Production?

    In its November Short-Term Energy Outlook (or STEO) report, the EIA forecast that US crude oil production in 2017 would average 9.2 million barrels per day.

    By Keisha Bandz
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    Energy & Utilities

    Who’s Shorting WLL? Gauging the Short Interest in Whiting Petroleum Stock

    On December 6, 2017, the short interest ratio for Whiting Petroleum (WLL) stock was ~19.4%, compared with ~3.14% in January 2017.

    By Keisha Bandz
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