Understanding EOG Resources’ Q2 2018 Production Guidance
For the second quarter, EOG Resources expects total production in the range of 670.3–706.2 Mboepd (thousand barrels of oil equivalent per day).
EIA Natural Gas Inventory Report – Important for Energy Investors
Analysts expected a natural gas inventory draw of 51 billion cubic feet (or Bcf) last week.
Balyasny exits position in Newfield Exploration Co.
BAM exited its position in Newfield Exploration Co. in 3Q14. It accounted for 1.31% of BAM’s second quarter portfolio. NFX is an energy company.
Is California Resources Rising due to Short Covering?
On December 21, 2016, California Resources’ total shares shorted, also known as its short interest, stood at ~13.7 million.
How Wall Street Analysts Rate CNX Resources
The median target price on CNX Resources stock is $20.50, which is ~21% higher than its July 26 closing price of $17.01.
Did Gulfport Energy Generate Positive Free Cash Flow in 2Q17?
For 2Q17, Gulfport Energy (GPOR) reported operating cash flow of ~$144 million, which is ~3% lower than Wall Street analysts’ expectation for ~$149 million in cash flows.
EIA Projections for December 2015: Key US Shale Natural Gas Production
The EIA expects less natural gas production at four key US shales by December compared to October, but it expects production to rise at three key shales.
Southwestern Energy’s 2Q17 Revenue Expectations
For 2Q17, analysts expect Southwestern Energy to report revenues of ~$814 million. On a YoY basis, its 2Q17 revenue expectations are ~56% higher.
Can Devon Energy Report Higher Profits in 2Q17?
Devon Energy (DVN) is set to report its 2Q17 earnings on August 1, 2017, after the market closes. The current consensus net income estimate for 2Q17 is $169.0 million.
Encana Stock Reacts to Its 1Q18 Earnings
In 1Q18, Encana reported adjusted revenues of ~$1.31 billion—better than analysts’ consensus of ~$1.22 billion.
Inconclusive weather forecasts control natural gas prices
Natural gas prices continued their declining trend from last week due to mild weather forecasts on the East Coast from December 13 through December 22.
Winter expectations drive natural gas prices
Natural gas prices started the week on a strong note following cold weather forecasts in the days to come.
Could Encana’s Quarterly Production Increase in 1Q18?
Encana (ECA) has not given any specific production guidance for 1Q18.
Will Southwestern Energy Report a Profit in 2Q17?
Southwestern Energy (SWN) will report its 2Q17 earnings on August 3, 2017, after the market closes. It’s expected to report the fourth consecutive profit.
Marathon Oil: Pre-Earnings Wall Street Ratings
The median target price on Marathon Oil stock is $23.50, which is ~14% higher than its July 19 closing price of $20.54.
What Wall Street Recommends for COP, MRO, SWN, and ECA
Currently, ~72% of Wall Street analysts rate ConocoPhillips (COP) a “buy,” and ~28% rate it a “hold.”
How Southwestern Energy Stock Performed in 1Q17
In 1Q17, the stock of Appalachian natural gas (UNG) producer Southwestern Energy (SWN) underperformed natural gas, falling from $10.82 to $8.17.
Could Encana Report Higher Net Profits in 1Q17?
Encana (ECA) is set to report its 1Q17 earnings on May 1, 2017, after the market closes. This series will look at what we can expect from Encana.
Encana’s Lower Profits in 3Q17
Encana (ECA) announced its 3Q17 earnings on November 8, 2017, before the market opened. It reported worse-than-expected profits of ~$24 million.
Is the US Rig Count Fall Steadying?
The four-week average fall in the US rig count was at eight for the week ending November 25. Four-week averages offer a broader view of the rig counts.
Charts in Focus: Marathon Oil’s 4Q16 Production Costs, Margins
Excluding hedges, Marathon Oil (MRO) reported a positive cash margin and a negative total margin in 4Q16.
Will Encana’s Quarterly Production Growth Start in 4Q17?
Encana (ECA) didn’t give any specific production guidance for 4Q17. But on its 3Q17 earnings conference call, Encana maintained its 2017 production guidance from July 2017.
Analyzing US Natural Gas Consumption Trends
PointLogic estimates that US natural gas consumption dropped ~1.4% to 56.7 Bcf per day on May 17–23.
Southwestern Energy: Wall Street’s Pre-Earnings Ratings
As of February 21, 2018, Reuters counts 32 analysts with recommendations on Southwestern Energy (SWN).
WPX Energy Missed 1Q16 Earnings Estimate by 2 Cents
WPX Energy (WPX) announced its 1Q16 earnings on May 4, 2016, after the Market closed. WPX reported an adjusted loss of $0.21 per share, which was $0.02 lower than analysts’ consensus.
Must-know: The deal dynamics in Ecana acquiring Athlon
Encana Corp. (ECA) agreed to pay $5.93 billion in cash for Athlon Energy (ATHL). ECA views ATHL as a “top-tier” producer. It’s operations are in one of the most attractive regions in the country—the Permian Basin.
Magnetar decreases stakes in American Airlines
Magnetar reduced its position in AAL in the third quarter. The position accounts for 1.17% of the fund’s total portfolio in the third quarter.
Natural Gas Consumption Fell in the Week to April 17
Last week, total US natural gas consumption decreased by 1.7% week-over-week. Consumption declined in the residential and commercial sectors by 5.2%.
Magnetar Capital’s new position in Alibaba Group
Magnetar started a new position in BABA in 3Q14. The position accounts for 4.05% of the fund’s total portfolio in the third quarter. BABA is the largest e-commerce player in China.
Must-know: An overview of Encana Corp.
ECA is based in Calgary, Canada. It’s an energy company. Its operations focus on the development of natural gas, natural gas liquids (or NGLs), and oil assets—mainly in the U.S. and Canada.
Why Athlon Energy’s stock performance is critical
ATHL started out with a ~40% gain on the day it listed in August 2013. It gained another 25% after the announcement of its merger with ECA on September 29.
Natural Gas Production Projected to Slow by July
The Bakken Shale is expected to witness a 3.3% drop in the next two months, the most significant decrease in natural gas production among the shales.
Analyzing the Energy and Metals Sector on November 14
The companies in the energy sector were mixed on November 14. The major ETFs related to the energy sector such as USO and DBO rose 1.0% and 0.62%.
Understanding the Pre-Earnings Recommendations for Occidental Petroleum
OXY’s recommendations include three “strong buys,” four “buys,” 16 “holds,” and two “sells.” There is currently no “strong sell” recommendation on the stock.
Is US Natural Gas Consumption Trending Higher?
PointLogic, a market intelligence company, estimates that US natural gas consumption increased ~4% to 57.5 Bcf per day on May 10–16.
Must-know: An overview of Athlon Energy
Athlon is an independent oil and gas exploration and production company. Its activities include the acquisition, exploration, and development of oil and liquids-heavy gas resources in the Permian Basin.
What Wall Street Analysts Recommend for Encana
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.
Natural Gas Consumption Trends in the Week of April 10
The U.S. Energy Information Administration’s “Short-Term Energy Outlook” forecasts that total natural gas consumption will average 76.3 Bcf per day in 2015 and 75.8 Bcf per day in 2016.
Why the Permian Basin is critical to Encana acquiring Athlon
Encana Corp. (ECA) describes its $5.93 billion acquisition of Athlon Energy (ATHL) as its “transformational entry into the Permian Basin.” It bought ATHL because of its strong presence in the Permian Basin.
What Does Wall Street Recommend Based on Encana’s 1Q15 Earnings?
Approximately 54% rate the company a “hold” or an equivalent. Currently, there’s no Wall Street analyst surveyed by Bloomberg recommending a “sell.”
Why Encana’s recent asset deals are important
ECA sold TPG Capital natural gas properties in the Jonah field in Sublette County, Wyoming. It sold the properties for ~$1.8 billion. The assets consisted of ~1,500 active wells and ~24,000 acres.
How Short Interest in ConocoPhillips Stock Is Evolving
As of April 28, 2017, ConocoPhillips’s (COP) total shares shorted (or short interest) stood at ~15.7 million.
Chart in Focus: Occidental Petroleum’s 3Q16 Cash Flow Estimates
For 3Q16, Wall Street analysts expect Occidental Petroleum (OXY) to report cash flows of $1.36 per share, which would be ~1% higher than in 3Q15.
Crucial Updates from the Energy Sector Last Week
Andeavor’s (ANDV) net income from continuing operations (attributable to shareholders) dropped from $418 million in 2Q16 to $40 million in 2Q17.
Are Institutional Investors Bailing on Encana Stock?
In 2Q17, 151 funds were “buyers” of Encana stock, while 144 funds were “sellers.” The total buying funds outnumbered the total selling funds by seven.
Could Encana See Production Growth in 2017?
Production guidance Encana (ECA) did not give any specific production guidance for 1Q17. However, during its 4Q16 earnings conference call, it gave fiscal 2017 production guidance. For 2017, Encana expects total production of 320 Mboepd[1.thousand barrels of oil equivalent per day]–330 Mboepd, which represents a midpoint decrease of ~8% from 2016. Encana expects to return to […]
A Look at Encana’s Production Mix and Realized Prices
In 1Q16, Encana’s (ECA) production mix was ~66% natural gas, ~21% crude oil, and ~13% natural gas liquids. Its total liquids production was at ~34%.
Leveraged loan transaction numbers up in week ending February 27
Riverbed Technology, a manufacturer of appliances used to connect computers in a wide-area network, issued leveraged loans worth $1.725 million.
Majority of Analysts Recommend a ‘Hold’ on Southwestern Energy
As of July 25, Reuters reported that of the 32 analysts covering Southwestern Energy (SWN), ~3% of analysts have “strong buy” and ~13% of analysts have “buy” recommendations on the stock.
Can ConocoPhillips Report Its First Profit in 2 Years in 2Q17?
ConocoPhillips (COP) is set to report its 2Q17 earnings on July 27, 2017. On a year-over-year basis, ConocoPhillips is expected to turn its 2Q16 loss into a profit.
Where Wall Street Thinks Encana Could Trade in 2018
As of January 26, 2018, 31.0% of the analysts have a “strong buy,” 51.7% have a “buy,” 13.8% have a “hold,” and 3.5% have a “sell” recommendation on Encana.
Devon Energy’s Relative Valuation: A Comparison with Its Peers
Devon Energy’s (DVN) lower forward EV-to-EBITDA multiple compared to peers implies a valuation discount due to higher risk.
Diving into Southwestern Energy’s operating profitability
EBITDA’s widely used in the valuation of companies. And in this regard also, SWN’s EBITDA margin—when scaled by revenues—is strong, holding near ~60% in recent years.
Natural gas prices rebound to their “pre-injection” levels
Natural gas prices started the week by falling almost 3% as an arctic blast, which boosted prices last week, gave way to warmer temperatures. Prices closed at $4.15 MMBtu on Monday.
Why Qualcomm Is among Steve Cohen’s Top Bets
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.
Noble Secures Contract with Encana and Total
According to Noble’s latest fleet status report, the company has secured two contracts and one contract extension for its jackup rigs.
EOG Resources: Pre-Earnings Wall Street Ratings
On July 24, Reuters reported that 26 analysts had given recommendations on EOG Resources (EOG).
What Analysts Recommend for CRC, Pre-Q2 Earnings Release
Of the seven analysts covering California Resources (CRC) on July 23, ~14% recommended “strong buy,” ~14% recommended “buy,” and ~72% recommended “hold.”
Analyzing EOG Resources’ Q2 2018 Revenue Expectations
For the second quarter, Wall Street analysts expect EOG Resources (EOG) to report revenue of ~$3.91 billion.
Devon Energy: Wall Street Ratings ahead of Q2 2018 Earnings
As of July 17, Reuters reported 33 analysts with recommendations on DVN. Of these, ~28% say “strong buy,” ~36% say “buy”, and ~36% say “hold” for DVN.
Will Devon Energy Beat Q2 2018 Earnings Estimates?
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.
Devon Energy’s Revenue Expectations for Q2 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.
A Look at ConocoPhillips’s Q2 2018 Earnings Estimates
In the last four quarters, COP beat the consensus EPS estimate 75.0% of the time and met its consensus EPS estimate 25.0% of the time.
Marathon Oil: The Word on Wall Street ahead of 1Q18 Earnings
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.
Will Marathon Oil Report Positive Free Cash Flow in 1Q18?
Wall Street analysts expect Marathon Oil (MRO) to report ~51% higher year-over-year operating cash flow of ~$759 million in 1Q18.
Range Resources: Analysts’ Recommendations
The median target price on Range Resources stock is $22.00, which is ~40% higher than its closing price of $15.74 on March 9, 2018.
Southwestern Energy: Analysts’ Ratings after Its Earnings
Of the analysts, ~6% gave “strong buy,” ~13% gave “buy,” ~65% gave “hold,” and ~16% gave “sell” recommendations on Southwestern Energy.
EOG Resources: Post-Earnings Wall Street Ratings
As of March 1, 2018, a total of 34 analysts have made recommendations on EOG Resources (EOG) stock, according to Reuters.
Did EOG Resources Generate Positive Free Cash Flow in 4Q17?
In 4Q17, EOG Resources (EOG) reported operating cash flow of ~$1.3 billion, marginally higher than Wall Street analysts’ expectation.
Analysts’ Post-4Q17 Views on Range Resources
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’ Free Cash Flow in 4Q17
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 […]
California Resources: Wall Street Ratings after Its 4Q17 Earnings
The median target price on CRC stock is $25.50, which is ~24.0% higher than its February 26, 2018, closing price of $20.11.
A Look at Encana’s 4Q17 Operational Performance
For 4Q17, Encana (ECA) reported total production of 335 Mboepd (thousand barrels of oil equivalent per day).
Do Short Sellers Believe the Rally in Encana Stock?
From the perspective of shares outstanding, the current short interest in Encana stock as a percentage of shares outstanding is at ~1.4%.
Where Encana’s Stock Could Settle in the Next 7 Days
As of December 21, 2017, Encana (ECA) had an implied volatility of ~33.7%, which is lower than its implied volatility of ~39.6% at the end of 3Q17.
Did Occidental Petroleum Generate Positive Free Cash Flow in 3Q17?
On a year-over-year basis, OXY’s 3Q17 operating cash flow was ~65% higher than the ~$650 million it generated in 3Q16.
A Deep Drill into Occidental Petroleum’s 3Q17 Operational Performance
For 4Q17, Occidental Petroleum expects total production of 633–641 Mboepd, ~5% higher than its 3Q16 production of 607 Mboepd.
Did Devon Energy Generate Positive Free Cash Flow in 3Q17?
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.
Marathon Oil’s Cash Flow Could Increase in 3Q17
Wall Street analysts expect Marathon Oil (MRO) to report a higher cash flow of ~$490 million YoY (year-over-year) in 3Q17 from ~$366 million in 3Q16.
Analyzing the Short Interest in Encana Stock
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.
Where Encana Stock Could Settle This Week
As of October 6, 2017, Encana (ECA) had an implied volatility of ~40.7%. It’s lower than its implied volatility of ~52.5% at the end of 2Q17.
Why Encana Stock Moved Last Week
Encana’s (ECA) stock price fell ~5% last week. Encana’s stock price was under pressure due to falling crude oil and natural gas prices.
Where Wall Street Thinks Southwestern Energy Could Trade in a Year
On October 5, 2017, ~29.4% of analysts covering Southwestern Energy (SWN) gave “strong buy” or “buy” recommendations on the stock.
ConocoPhillips Stock Outperformed Oil and Natural Gas Prices
Despite a mixed price performance from crude oil (USO) and natural gas (UNG) prices last week, ConocoPhillips’s (COP) stock price rose.
Pioneer Natural Resources’ Free Cash Flow in 2Q17
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.
2Q17 Results: Encana Reported Highest Profit since 2014
Per Encana’s earnings press release, ECA reported better-than-expected profit of ~$180 million in 2Q17.
How Encana Stock Has Performed This Year
Year-to-date, Encana’s (ECA) stock has fallen ~19% to $9.53. The stock is trading below its 50-week and 200-week moving averages.
Analyzing Marathon Oil’s 2Q17 Revenues
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.
Encana’s Short Interest and 13F Filer Statistics
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 […]
Encana Stock Outperforms Crude Oil and Natural Gas
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.
ConocoPhillips Stock Outperformed Crude Oil, Natural Gas Prices
At the end of last week, crude oil (USO) prices sharply reversed and were unable to hold onto the gains they’d made earlier in the week.
What Wall Street Analysts Say about Southwestern Energy
As of May 26, 2017, Southwestern Energy’s (SWN) recommendations include five “strong buy,” five “buy,” 25 “hold,” two “sell,” and one “strong sell.”
Why Southwestern Energy Stock Is on the Decline
Last week, Southwestern Energy’s (SWN) stock price fell. It underperformed natural gas (UNG) prices by a wide margin.
Shorting Cobalt: Short Interest in CIE after 1Q17
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.
Institutional Investors’ Positions on Encana
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 […]
Analyzing the Short Interest in Cobalt International Energy Stock
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.
ConocoPhillips’s Production Costs and Margins for 4Q16
Excluding hedges, ConocoPhillips (COP) reported a positive cash margin as well as a positive total margin in 4Q16.
Analyzing Short Interest in Cobalt International Energy Stock
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.
Short Interest in Devon Energy Stock: How It’s Evolving in 2017
As of March 15, 2017, Devon Energy’s (DVN) short interest stood at ~7.95 million, while its average daily volume is ~4.73 million.
What Short Interest in ConocoPhillips Stock Indicates
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.