2018 turned out to be a dismal year for hedge funds. Cohen’s Point72 also had a mediocre 2018 with gains of less than 1%. Cohen, however, still outperformed the broader markets.
Of the seven analysts covering California Resources (CRC) on July 23, ~14% recommended “strong buy,” ~14% recommended “buy,” and ~72% recommended “hold.”
Devon Energy (DVN) beat consensus EPS estimates in Q2 2017 and Q3 2017 but missed consensus EPS estimate in Q4 2017 before meeting EPS estimates in Q1 2018.
For Q2 2018, Wall Street analysts expect Devon Energy (DVN) to report revenues of ~$3.90 billion. On a year-over-year basis, DVN’s Q2 2018 revenues expectations are ~24% higher compared with its Q2 2017 revenues of ~$3.15 billion.
As of April 24, Reuters reported 27 analysts having recommendations on MRO. Of these, ~15% have “strong buy” ratings, ~44% have “buy” ratings, and the remaining ~41% have “hold” ratings.
Analyst recommendations for Range Resources Of the 32 analysts covering Range Resources (RRC) stock on February 28, 2018, Reuters reported that ~22% recommended “strong buy,” ~38% recommended “buy,” ~31% recommended “hold,” and ~9% recommended “sell” or “strong sell.” RRC’s median target price The median target price on Range Resources stock is $23.50, ~77% higher than its closing price of […]
Range Resources’ 4Q17 operating cash flow In 4Q17, Range Resources (RRC) reported operating cash flow of ~$216 million, missing Wall Street analysts’ expectation of ~$251 million but surpassing the ~$185 million it generated in 4Q16. Between 3Q17 and 4Q17, RRC’s 4Q17 operating cash flow rose ~14% from ~$189 million. Range Resources’ year-over-year increase in operating cash flow could be […]
As of February 16, 2018, 29 analysts were covering Encana (ECA). Of these, ~31% have “strong buy” ratings, ~62% have “buy” recommendations, while the remaining ~7% of analysts have “hold” recommendations.
For 3Q17, Devon Energy (DVN) reported operating cash flow of ~$776 million, which is higher by ~19% when compared with Wall Street analysts’ expectation for ~$653 million in cash flows for the quarter.
As of September 15, 2017, Encana’s (ECA) total shares shorted (or short interest) stood at ~21.51 million, while its average daily volume is ~10.49 million.
For 2Q17, Pioneer Natural Resources (PXD) reported operating cash flow of ~$479 million, which is ~3% higher than Wall Street analysts’ expectation of ~$463 million.
For 2Q17, Marathon Oil (MRO) reported revenues of ~$1.06 billion, which was higher than Wall Street analysts’ consensus for revenues of ~$1.02 billion.
Short interest in Encana’s stock As of July 15, 2017, Encana’s (ECA) short interest stood at ~15.3 million, which was ~13% lower than a month prior. The short interest ratio in Encana’s stock is ~1.4. Its 52-week short interest ratio range is 0.7x–2.0x. The current short interest in Encana’s stock as a percentage of shares outstanding is […]
Due to rising crude oil (USO) and natural gas (UNG) prices last week, Encana’s stock price rose ~13% from $8.39 to $9.45. It outperformed crude oil and natural gas by a wide margin.
As of April 13, 2017, Cobalt’s (CIE) total shares shorted (or short interest) stood at ~78.5 million, as compared to its average daily volume of ~11.9 million.
OXY’s recommendations include three “strong buys,” four “buys,” 16 “holds,” and two “sells.” There is currently no “strong sell” recommendation on the stock.
Encana’s 13F statistics In 4Q16, 181 funds were “buyers” of Encana’s (ECA) stock, and 172 funds were “sellers.” Buying funds outnumbered selling funds by nine. As of December 31, 2016, 350 13F filers held Encana in their portfolio, and 11 of those filers held Encana in their top ten holdings. In 4Q16, 13F filers increased their […]
On March 31, 2017, Cobalt International Energy’s (CIE) total shares shorted (or short interest) stood at ~72.1 million, whereas its average daily volume was ~11.7 million.
As of March 23, 2017, Cobalt International Energy’s (CIE) total shares shorted (or short interest) was ~66.3 million. Its average daily volume was ~9.4 million.
As of March 15, 2017, ConocoPhillips’s (COP) total shares shorted (or short interest) stood at ~15.9 million, whereas its average daily volume was ~7.7 million.
The falling trend in crude oil (USO) and natural gas (UNG) prices from June 2014 to February 2016 caused their values to fall ~76.0% and ~75.0%, respectively.
On February 28, 2017, Encana’s (ECA) short interest stood at ~18.2 million, and its average daily volume was ~11.4 million. The short interest ratio for ECA stock is ~1.6x.
For 1Q17, Encana (ECA) has a swaption on NYMEX crude oil for 10,000 barrels per day. In its swaption strategy, ECA can extend 1Q17 fixed price swaps to June 30, 2017, at a strike price of $50.86.
Encana’s (ECA) production cash cost has increased on a year-over-year basis. For 4Q16, Encana’s production cash cost was $17.92 per boe, higher than $17.74 per boe in 4Q15.
For 4Q16, Encana’s (ECA) average realized price for natural gas (UNG) production increased ~21% to $2.58 per Mcf compared to $2.13 for the same period in 2015.
Since January 26, 2017, crude oil prices have dropped from $53.78 per barrel to $47.72 per barrel. Encana (ECA) stock also fell from $13.83 to $10.32 during this period.
As of February 28, 2017, ConocoPhillips’s (COP) total shares shorted (or short interest) was ~13.2 million. The short interest ratio for COP stock is ~1.8x.
On February 15, 2017, Marathon Oil’s (MRO) total shares shorted (or short interest) stood at ~49.4 million, whereas its average daily volume was ~11.8 million.
As of February 17, 2017, Encana (ECA) had an implied volatility of ~41.16%, which is ~36.25% below its 260-trading day historical price volatility of ~64.56%.
Currently, 27 analysts provide recommendations on Encana (ECA). These recommendations include four “Strong Buy,” 11 “Buy,” nine “Hold,” and three “Sell” recommendations.
By year-end 2017, Encana (ECA) plans to increase its corporate margin to more than $10 per boe (barrel of oil equivalent) from year-end 2016’s corporate margin of ~$6.4 per boe.
For 2017, Encana’s (ECA) capital program will be in the range of $1.6 billion–$1.8 billion, which represents a mid-point increase of ~55% compared with capital expenditures of ~$1.1 billion in 2016.
For fiscal 2016, Encana (ECA) reported production of 352.7 Mboepd (thousand barrels of oil equivalent per day), which is above the mid-point of its production guidance range of 340–360 Mboepd.
On January 31, 2017, Marathon Oil’s (MRO) total shares shorted, or its short interest, stood at ~45.3 million. Its average daily volume was ~8.9 million on the same day.
As of January 31, 2017, ConocoPhillips’s (COP) total shares shorted (or short interest) stood at ~14.3 million. Its average daily volume was ~6.0 million.
Recommendations Currently, 30 analysts cover Marathon Oil (MRO). They’ve given six “strong buy,” six “buy,” 17 “hold,” and one “sell” recommendation on the stock. There were no “strong sell” recommendations. Target price Analysts’ median target price for MRO is $20, which is ~25% higher than the closing price of $16.05 on February 9, 2017. The mean […]
Recommendations Currently, 39 analysts provide recommendations on Devon Energy (DVN). They gave eight “strong buy,” 18 “buy,” and 13 “hold” recommendations. There were no “sell” or “strong sell” recommendations on the stock. Target price Analysts’ median target price for DVN is $53, which is ~20% higher than the February 8, 2017, closing price of $44.06. The […]
Currently, 26 analysts provide recommendations on Encana (ECA)—four “strong buy,” ten “buy,” nine “hold,” and three “sell” recommendations. There is no “strong sell” recommendation for the stock.
On February 3, 2017, Encana (ECA) had an implied volatility of ~43.7%, which is ~35.5% below its 260 trading–day historical price volatility of ~67.8%.
In the last three months, natural gas producer Encana (ECA) saw its stock price outperform natural gas (UNG) prices. Encana’s stock price rose from $9.83 to $12.54, and natural gas prices rose from $2.77 per MMBtu to $3.06 per MMBtu.
As of January 13, 2017, Encana’s (ECA) total shares shorted (or short interest) stood at ~21.0 million, whereas its average daily volume is ~10.6 million.
As of December 30, 2016, ConocoPhillips’s (COP) total shares shorted (or short interest) stood at ~14.5 million, whereas its average daily volume is ~4.7 million.
Devon Energy’s implied volatility As of January 20, 2017, Devon Energy (DVN) had implied volatility of ~33.1%, which is ~42.4% below its 260-trading day historical price volatility of ~57.6%. Stock price range forecast for the week Assuming a normal distribution of prices and standard deviation of one, based on its implied volatility of ~33.1%, Devon […]
On December 30, 2016, Occidental Petroleum’s (OXY) total shares shorted (or short interest) stood at ~12.4 million, whereas its average daily volume was ~3.3 million.
As of January 13, 2017, Marathon Oil (MRO) had an implied volatility of ~40.3%, which is ~39.0% below its 260-day historical price volatility of ~66.1%.
Encana expects total cash flow to rise more than 300.0% in the next five years. It projects that its capital program will be self-funded from cash flow after 2017.
