Energen Corp

Latest Energen Corp News and Updates

  • uploads///NG chart
    Macroeconomic Analysis

    Natural Gas Prices Are Following the Price Channel

    Mild weather and rising inventory estimates could drag natural gas prices lower. The key support for natural gas prices is seen at $2.60 per MMBtu.

    By Gordon Kristopher
  • uploads///OXY Q Pre Dividend
    Earnings Report

    Occidental Petroleum Paid Dividend of $0.76 per Share in January

    Occidental Petroleum (OXY) paid its most recent dividend for 4Q16 on January 13, 2017—$0.76 per share on its common stock.

    By Nicholas Chapman
  • uploads///Image
    Earnings Report

    Could California Resources Report Lower Losses in Q2 2018?

    California Resources (CRC) is expected to report its Q2 2018 results on August 2, after the market closes.

    By Nicholas Chapman
  • uploads///aaebadebdeefcdbdeabd
    Macroeconomic Analysis

    Crude Oil Prices Fall Due to Weak Demand Cues

    NYMEX-traded WTI crude oil futures contracts for October delivery fell by 1.41% on September 14. The speculation of slowing demand put pressure on crude oil prices.

    By Gordon Kristopher
  • uploads///supply and demand
    Energy & Utilities

    Will Global Crude Oil Demand Fall in 2017 and 2018?

    The IEA downgraded the global crude oil demand estimates for 2017 and 2018, which weighed on oil (USO) (USL) prices on November 14, 2017.

    By Gordon Kristopher
  • uploads///US crude oil production
    Energy & Utilities

    US Crude Oil Production Is near 4-Year Low

    The EIA estimates that US crude oil production fell by 1,074,000 bpd (barrels per day) to 8,406,000 bpd on October 6–13, 2017.

    By Gordon Kristopher
  • uploads///USO ETF JUne
    Macroeconomic Analysis

    Crude Oil Prices Rise Marginally on Short Covering due to Expiry

    NYMEX-traded WTI crude oil futures contracts for July delivery rose marginally by 0.12% and settled at $59.68 per barrel on June 22, 2015.

    By Gordon Kristopher
  • uploads///Iran
    Energy & Utilities

    President Trump Impacts Iran and Crude Oil Futures

    On May 8, President Trump said that the US is exiting the Iranian nuclear deal. He plans to impose new sanctions on Iran.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    Analysts Upgrade WTI and Brent Crude Oil Price Forecasts

    WTI crude oil futures increased ~8.6% on June 25–July 2. Expectations of a drop in US crude oil inventories could support oil prices.

    By Gordon Kristopher
  • uploads///MRO Q Dividend
    Company & Industry Overviews

    Why Has Marathon Oil Curtailed Its Dividend?

    Marathon Oil (MRO) paid its last dividend on September 12, 2016, issuing a dividend of $0.05 per share on its common stock for 2Q16.

    By Nicholas Chapman
  • uploads///COP Q Pre Production
    Earnings Report

    ConocoPhillips’s Deepwater Exploration Exit Impacts 2016 Guidance

    For 2Q16, ConocoPhillips (COP) expects total production in the range of 1,500–1,540 Mboepd (thousand barrels of oil equivalent per day).

    By Nicholas Chapman
  • uploads///dafeaffbebdaccf
    Macroeconomic Analysis

    Why Are WTI and Brent Crude Prices Moving in Opposite Directions?

    March WTI crude oil futures contracts rose 0.36% and settled at $30.8 per barrel on February 18, 2016. Brent fell 0.64% and closed at $34.3 per barrel.

    By Gordon Kristopher
  • uploads///USO ETF JUne
    Macroeconomic Analysis

    Crude Oil Prices Rise for the Second Day: Led by API Data

    August WTI crude oil futures contracts trading in NYMEX rose for the second day by 1.33% and closed at $61.01 per barrel on Tuesday, June 23, 2015.

    By Gordon Kristopher
  • uploads///anr
    Earnings Report

    Most Analysts Rate PDC Energy a ‘Buy’ ahead of 4Q15 Earnings

    In the weeks leading up to PDC Energy’s (PDCE) earnings release for the fourth quarter of 2015, Wall Street analysts provided target prices for the next 12 months.

    By Keisha Bandz
  • uploads///FANG Analyst Recommendations
    Company & Industry Overviews

    What Wall Street Analysts Are Saying about Diamondback Energy

    As of March 4, 2016, about 85% of Wall Street analysts have rated Diamondback Energy (FANG) as a “buy,” and ~12% of analysts have rated it as a “hold.”

    By Nicholas Chapman
  • uploads///NG three month ng chart June
    Macroeconomic Analysis

    Natural Gas Prices Show a Symmetrical Triangle Pattern

    NYMEX-traded July natural gas futures show the emergence of a symmetrical triangle pattern. Prices broke below the trend line support of this pattern on June 22.

    By Gordon Kristopher
  • uploads///current prodcution
    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
  • uploads///CNX Q Pre F
    Earnings Report

    Are Institutional Investors Buying CNX Resources Stock?

    In Q1 2018, 140 funds bought CNX Resources (CNX).

    By Nicholas Chapman
  • uploads///EOG Q Pre Revenues
    Earnings Report

    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.

    By Nicholas Chapman
  • uploads///Image
    Earnings Report

    Will EOG Resources Report Higher Profits in Q2 2018?

    EOG Resources (EOG) is expected to report its second-quarter earnings results after the market closes on August 2.

    By Nicholas Chapman
  • uploads///MRO Q Pre F
    Earnings Report

    Are Institutional Investors Selling Marathon Oil Stock?

    In Q1 2018, 265 funds were “buyers” of Marathon Oil (MRO) stock, either creating new positions or adding to existing positions.

    By Nicholas Chapman
  • uploads///DVN Q Pre Revenues
    Earnings Report

    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.

    By Nicholas Chapman
  • uploads///Image
    Earnings Report

    Will Devon Energy Report Higher Profits in Q2 2018?

    Devon Energy (DVN) is expected to report its Q2 2018 earnings on July 31 after the market closes. Here’s what you need to know.

    By Nicholas Chapman
  • uploads///SWN WU_ Correlation
    Energy & Utilities

    Understanding Occidental’s Correlation with Crude Oil Prices

    In this article, we’ll try to quantify any correlation between OXY and crude oil prices.

    By Nicholas Chapman
  • uploads///COP WU_ Correlation
    Energy & Utilities

    Did Crude Oil Move ConocoPhillips’s Stock Last Week?

    As we saw in the previous part of this series, ConocoPhillips’s (COP) stock price was up by 3.70% for the week ended June 22.

    By Nicholas Chapman
  • uploads///Lev stock
    Miscellaneous

    Stock Comparison: REI, TELL, CDEV, SD, and EGN

    Tellurian stock has risen 25.4% YoY (year-over-year), Energen stock has risen 25.3% YoY, and Centennial stock has risen 24% YoY.

    By Keisha Bandz
  • uploads///leveage
    Earnings Report

    Which Upstream Companies Had the Lowest Leverage?

    Ring Energy’s leverage ratio as of the first quarter was ~1.09x. The company’s assets are mainly financed by equity.

    By Keisha Bandz
  • uploads///Gasoline
    Miscellaneous

    US Gasoline Inventories: More Pain for Crude Oil Prices?

    US gasoline inventories increased by 3.6 MMbbls (million barrels) or 1.5% to 241 MMbbls on January 5–12, 2018, according to the EIA.

    By Gordon Kristopher
  • uploads///Gasoline inventory
    Miscellaneous

    Analyzing US Gasoline Inventories and Demand

    The API reported that US gasoline and distillate inventories rose by 9,200,000 barrels and 4,300,000 barrels on November 24–December 1, 2017.

    By Gordon Kristopher
  • uploads///Gasoline inventory
    Miscellaneous

    US Gasoline Inventories Weighed on Crude Oil Futures

    US gasoline inventories rose by 3,627,000 barrels to 214 MMbbls (million barrels) on November 17–24, 2017, according to the EIA.

    By Gordon Kristopher
  • uploads///Gasoline inventories
    Energy & Utilities

    How Lower US Gasoline Inventories Help Crude Oil Futures

    US gasoline inventories According to the EIA (U.S. Energy Information Administration), US gasoline inventories rose by 44,000 barrels to 210.4 MMbbls (million barrels) between November 10 and 17, 2017. However, gasoline inventories were 13.5 MMbbls (6.1%) lower than in the same period in 2016. The market estimated that US gasoline inventories would rise by 737,000 barrels between […]

    By Gordon Kristopher
  • uploads///DXY
    Miscellaneous

    US Dollar Could Pressure Crude Oil Futures This Week

    The US Dollar Index rose 0.13% to 94.4 on November 13, 2017. It limited the upside for US crude oil (UWT) (DWT) prices on the same day.

    By Gordon Kristopher
  • uploads///OXY Q Post Production
    Earnings Report

    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.

    By Nicholas Chapman
  • uploads///OXY Q Pre Analyst
    Energy & Utilities

    What Analysts Recommend for Occidental Petroleum

    As of October 26, 2017, around 27.3% of analysts covering Occidental Petroleum (OXY) have “strong buy” or “buy” recommendations on the stock.

    By Nicholas Chapman
  • uploads///Iraq
    Miscellaneous

    How Iran and Iraq’s Crude Oil Exports Could impact crude Oil Prices

    Iraq’s crude oil exports hit 3.98 MMbpd (million barrels per day) in September 2017, according to Bloomberg—its highest level since December 2016.

    By Gordon Kristopher
  • uploads///DNR Q Post Analyst
    Earnings Report

    Denbury Resources: Post-Earnings Wall Street Ratings

    On August 9, 2017, ~63.6% of the 11 analysts covering Denbury Resources (DNR) gave “hold” recommendations on its stock.

    By Nicholas Chapman
  • uploads///DVN Q Post Analysts
    Earnings Report

    Devon Energy: Analysts’ Ratings after Its 2Q17 Earnings

    As of August 2, eight analysts rated Devon Energy as a “strong buy,” 14 analysts rated it as a “buy,” and 12 analysts rated it as a “hold.”

    By Nicholas Chapman
  • uploads///MRO WU_ Price
    Miscellaneous

    Marathon Oil’s Stock Outperformed Crude Oil and Peers Last Week

    Last week, natural gas and crude oil producer Marathon Oil’s stock price outperformed crude oil prices, declining marginally from $12.54 to $12.52.

    By Nicholas Chapman
  • uploads///ECA Q Stock and Crude Oil
    Company & Industry Overviews

    How Crude Oil Prices Moved Encana’s Stock Price

    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.

    By Nicholas Chapman
  • uploads///ECA Q Post Production
    Earnings Report

    Encana’s Quarterly Production Hit a 2-Year Low

    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.

    By Nicholas Chapman
  • uploads///MRO Q Post Dividend
    Company & Industry Overviews

    Analyzing Marathon Oil’s Dividend Announcement

    Recently, Marathon Oil declared a dividend of $0.05 per share for 1Q17. The dividend will be payable on March 10, 2017, to stockholders of record at the close of business on February 15.

    By Nicholas Chapman
  • uploads///DVN Q Pre Production
    Earnings Report

    Devon Energy’s Production to Fall Significantly in 4Q16

    4Q16 production guidance For 4Q16, Devon Energy (DVN) expects total production of 524 Mboepd[1.thousand barrels of oil equivalent per day]–546 Mboepd. The midpoint of Devon Energy’s 4Q16 production guidance is ~21% lower than it was in 4Q15. Additionally, Devon Energy’s production guidance is ~7% lower than it was in 3Q16. For 4Q16, Devon Energy expects […]

    By Nicholas Chapman
  • uploads///COP Q Post Dividend
    Earnings Report

    Analyzing ConocoPhillips’s Dividend Increase Announcement

    On January 31, 2017, ConocoPhillips (COP) announced that it has increased its quarterly dividend by 6% from $0.25 per share to $0.27 per share.

    By Nicholas Chapman
  • uploads///MRO Q FCF per boe
    Company & Industry Overviews

    Understanding Marathon Oil’s Free Cash Flow Normalized to Production

    In 3Q16, MRO’s reported FCF normalized to total production of ~$3.68 per boe, which was ~$6.9 higher than in 3Q15.

    By Nicholas Chapman
  • uploads///COP Q AIM Breakeven Reduction
    Company & Industry Overviews

    ConocoPhillips’s Steps to Reduce Its Break-Even Price

    Since 2014, ConocoPhillips (COP) has been focusing on reducing its break-even price.

    By Nicholas Chapman
  • uploads///MRO Q FCF per boe
    Company & Industry Overviews

    Inside Marathon Oil’s Free Cash Flow Normalized to Production

    Marathon Oil’s FCF normalized to production In 2Q16, Marathon Oil’s (MRO) reported FCF (free cash flow) normalized to total production of about -$3.38 per boe (barrel of oil equivalent), which is ~$8.92 higher than in 2Q15. Marathon Oil’s FCF normalized to total production fell steeply in 4Q14 and 1Q15. In fact, in 1Q15 Marathon Oil […]

    By Nicholas Chapman
  • uploads///EGN Q Post Implied Volatility
    Earnings Report

    What Does Energen’s Implied Volatility Forecast for Its Stock Price?

    As of August 9, 2016, Energen (EGN) had an implied volatility of ~44.7%, which is ~23.8% below its 260-day historical price volatility of ~58.6%.

    By Nicholas Chapman
  • uploads///EGN Q Post Cash Flow
    Earnings Report

    How Much Cash Did Energen Generate in 2Q16?

    For 2Q16, Energen (EGN) reported cash flow of $1.03 per share, which is lower by ~61% when compared with 2Q15.

    By Nicholas Chapman
  • uploads///MRO Q Post Implied Volatility
    Earnings Report

    What to Take from Marathon Oil’s Implied Volatility Forecast

    As of August 3, 2016, Marathon Oil had implied volatility of ~52.0%, which is ~25.4% below its 260-trading day historical price volatility of ~69.8%.

    By Nicholas Chapman
  • uploads///COP Q Post Implied Volatility
    Earnings Report

    ConocoPhillips’s Implied Volatility: Stock Price Forecast

    As of August 1, 2016, ConocoPhillips had an implied volatility of ~33.3%, which is ~26.8% below its 260-trading day historical price volatility of ~45.5%.

    By Nicholas Chapman
  • uploads///RELATIVE
    Company & Industry Overviews

    How Does Newfield Exploration’s Valuation Compare to Its Peers?

    A peer group comparison shows that Newfield Exploration’s forward EV-to-EBITDA multiple of ~12x is slightly undervalued compared to its peer average of 12.6x.

    By Keisha Bandz
  • uploads///DNR Q Peers
    Company & Industry Overviews

    How Denbury Resources’ Relative Valuation Compares to Its Peers’

    Denbury Resources’ valuation appears to be at the lower end of the range compared to its peers’. The average EV-to-EBITDA ratio for the industry is ~11.1x.

    By Nicholas Chapman
  • uploads///DVN Q Analysts
    Company & Industry Overviews

    What Wall Street Analysts Are Saying about Devon Energy

    Currently, ~67% of Wall Street analysts rate Devon Energy (DVN) as a “buy” and ~31% of analysts rate it as a “hold.” Around 3% rate the stock as a “sell.”

    By Nicholas Chapman
  • uploads///crude oil forward curve
    Macroeconomic Analysis

    Crude Oil’s Forward Curve Suggests Low Prices in the Long Term

    Crude oil’s forward curve suggests that crude oil prices could hit $40 per barrel in 2016. They may hit $52 per barrel by the end of 2024.

    By Gordon Kristopher
  • uploads///earnings
    Earnings Report

    PDC Energy Releases 4Q15 Earnings Next Week: Are You Ready?

    PDC Energy (PDCE) will release its 4Q15 earnings on February 22. 4Q15 revenue estimates for the compan sit at ~$179 million.

    By Keisha Bandz
  • uploads///production disruption OPEC
    Macroeconomic Analysis

    OPEC’s Unplanned Supply Disruption Impacts Oil Prices

    The fall in supply disruptions from OPEC member nations will add to the global oil market glut. This would extend the bear market and negatively impact oil prices.

    By Gordon Kristopher
  • uploads///EGN Post ERN Annotations
    Earnings Report

    How Much Did Energen’s Stock Fall after 4Q15 Earnings?

    The day after Energen (EGN) released its 4Q15 earnings, its stock price fell a whopping 15.9% but recovered somewhat during the day to close at $22.91, which was a 7.1% fall from the previous day’s close.

    By Nicholas Chapman
  • uploads///crude oil refinery demand
    Macroeconomic Analysis

    Vicious Circle: Gasoline and Diesel Prices Impact Refinery Demand

    Lower refined products prices led to the fall in refinery demand. The EIA reported that US refined demand fell to 15.5 MMbpd for the week ending February 5.

    By Gordon Kristopher
  • uploads///cushing
    Macroeconomic Analysis

    Week Ended October 30: Cushing Inventories Fell 3 Weeks in a Row

    The EIA reported that Cushing crude oil inventories fell by 212,000 barrels to 53.1 MMbbls in the week ended October 30, 2015. That was the third weekly fall in Cushing inventories.

    By Keisha Bandz
  • uploads///US crude oil production
    Macroeconomic Analysis

    Slowing US Crude Oil Output Could Benefit Crude Oil Prices

    The EIA reported that the US crude oil output fell by 18,000 bpd (barrels per day) to 9.117 MMbpd (million barrels per day) for the week ending September 11.

    By Gordon Kristopher
  • uploads///Volume and price
    Company & Industry Overviews

    Diamondback Energy’s Production Volumes and Realized Prices Diverge

    Crude oil, which accounts for the majority of Diamondback Energy’s production, recorded a 44% decline in average realized prices from 2Q14 to 2Q15.

    By Alex Chamberlin
  • uploads///ng chart
    Macroeconomic Analysis

    Natural Gas Prices Fluctuate between $2.70 and $2.90 per MMBtu

    Bullish traders could see resistance at $3 per MMBtu. Warm weather and the demand from power plants could boost natural gas prices.

    By Gordon Kristopher
  • uploads///NG chart  June
    Macroeconomic Analysis

    Natural Gas Prices Could Vary between $2.60 and $2.90 per MMBtu

    The current momentum suggests that natural gas prices could fluctuate in either direction. Bullish traders could see resistance at $3.20 per MMBtu.

    By Gordon Kristopher
  • uploads///NG  month chart June
    Macroeconomic Analysis

    Natural Gas Prices Could Hit the Nearest Support Level

    The warmer weather consensus could push natural gas prices to the nearest resistance of $3.20 per MMBtu. Gas prices hit this level in January 2015.

    By Gordon Kristopher
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