EOG Resources Inc

In terms of profitability, OXY has the highest profit margins amongst its peers at 24.2%. OXY also has one of the highest dividend yields at 2.85%.

Last week, the Baker Hughes oil rig count increased from 1,423 to 1,425, reaching the highest level since 2014 began.

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).

Along with its 4Q15 earnings, Murphy Oil announced the divestiture of its Montney midstream assets located in Canada. The transaction includes the sale of existing infrastructure capable of processing up to 320 million cubic feet per day.

Let’s see which energy company stands out as the most efficient in reducing debt loads and improving leverage ratios and which ones are laggards.

NYMEX-traded WTI (West Texas Intermediate) crude oil futures contracts for August delivery rose by 1.10% and settled at $53.04 per barrel on July 14, 2015.

Natural gas compression is essential for transporting natural gas. Compression is used several times during the natural gas production and transportation cycle.

Smithwood Advisers was among the hedge funds that sold their stakes in SandRidge Energy in 1Q15. Hancock Holding was one of the firms that sold stakes in Vaalco Energy.

Stock performance In this article, we’ll discuss the year-to-date (YTD) stock performance of ConocoPhillips (COP), Devon Energy (DVN), Occidental Petroleum (OXY), Anadarko Petroleum (APC), and EOG Resources (EOG), which reported the highest revenue among upstream companies in fiscal 2017. Outliers and underperformers The above image shows that ConocoPhillips (COP) is the outlier among peers. YoY […]

Carl Icahn mentions the use of credit default swaps as a form of protection against credit events. He implies that investors should possess sophisticated knowledge of the fixed income markets to enter that playing field.

Natural gas, crude oil, and NGL (or natural gas liquid) supply is affected by several factors that could be supply related or demand related.

Although crude oil prices have rallied ~78% from their lows in February 2016, crude is still trading ~57% lower than its high two years ago.

WTI crude oil prices continued to slide as U.S. crude inventories continued to grow, with domestic production surging.

According to Occidental Petroleum’s 3Q15 form 10Q filing, changes in energy prices affected its quarterly earnings by $30 million in crude oil.

The Bullish Engulfing candlestick pattern is a reversal pattern. The pattern has two candles. The first candle is small and bearish. The second candle is long and bullish.

The Real Strength Index (or RSI) is a measure of a stock’s overbought and oversold position. The commonly used RSI is a 14-day RSI. It refers to the 14-day stock price that’s used to calculate the RSI.

The double top pattern forms in the uptrend. In this pattern, two consecutive peaks are formed. The peaks both have roughly the same price level.

Differences in crude’s density, sulfur content, and production location can vastly affect the price which it commands on the market.

Entry and exit strategy is recommended for short and long-term trading in technical analysis. Fundamental analysis is used for the long-term entry and exit point.

Technical analysis is used to forecast stocks. All of the technical indicators give possible entry and exit points. The forecasting accuracy isn’t 100%. This is one of disadvantages of technical analysis.

Before learning the costs components of crude oil extraction, let’s take a look at how producers extract crude oil from the ground.

To understand the US energy sector, it’s essential first to understand the country’s energy needs. The US uses various energy sources to meet its energy needs.

Several factors contributed to the rising crude oil exports in 2018.

OPEC (the Organisation of the Petroleum Exporting Countries) aims to “coordinate and unify the petroleum policies of its Member Countries.”

Devon Energy (DVN) continues to trade below its short-term (50-day) moving average.

So far in this series, we’ve looked at institutional investments in five major oil-weighted E&P (exploration and production) stocks: ConocoPhillips (COP), EOG Resources (EOG), Occidental Petroleum (OXY), Anadarko Petroleum (APC), and Pioneer Natural Resources (PXD).

On July 11, ConocoPhillips (COP) announced a dividend of $0.285 per share on its common stock.

As of March 1, 2018, a total of 34 analysts have made recommendations on EOG Resources (EOG) stock, according to Reuters.

The EIA reported that US crude oil inventories fell by 8.9 MMbbls or 1.8% to 466.4 MMbbls on August 4–11, 2017—the biggest draw since September 2016.

As of July 28, 2017, 43.48% of the total Wall Street analysts covering ConocoPhillips (COP) have a “hold” recommendation on ConocoPhillips.

On March 31, 2017, 1,282 13F filers held ConocoPhillips (COP) stock in their portfolios. However, only 19 filers featured COP in their top ten holdings.

Upstream companies’ performance In the last two parts of this series, we have seen that some upstream companies, namely Range Resources (RRC), EOG Resources (EOG), and Occidental Petroleum (OXY), have taken advantage of lower crude oil (USO) and natural gas (UNG) prices through acquisitions. In this part, we’ll see if these companies are outperforming Chesapeake […]

In this series, we’ll take a look at the effect of declining natural gas prices on Encana. We’ll also cover its May 17 Presentation for Investors on its Montney Resource Play.

Noble Energy reported negative but improving free cash flows in 2015.

In 3Q15, excluding the one-time items, EOG reported a profit of $0.02 per share, $0.32 better than the analyst consensus for a loss of $0.30 per share. Its revenues fell ~58% year-over-year to ~$2.17 billion.

Currently, ~67% of Wall Street analysts rate EOG as a “buy” and ~31% of analysts rate it as a “hold.” Only ~2% rate the stock a “sell.”

OPEC members Nigeria, Libya, and Venezuela have the highest total cost of producing crude oil at $31.6 per barrel, $23.80 per barrel, and $23.50 per barrel.

The operating margin of the US-based (SPY) upstream companies rose by an average of 16%.

OPEC has estimated that the road transportation sector will account for one-third of the global crude oil demand growth between 2014 and 2040.

The Reserve Replacement Cost metric gives us the cost incurred by an upstream company by considering the per-barrel-of-oil equivalent of a new reserve.

October WTI crude oil futures rose for the first time after falling for two consecutive days. Slowing US crude oil production is driving crude oil prices.

EOG Resources (EOG) has generated above-par returns over a three-year period. EOG returned 91.8% in the last three years, mainly due to its strong performance.

EOG Resources’ 1Q15 adjusted revenue fell 39% quarter-over-quarter. This was mainly a result of the fall in crude oil and natural gas prices starting in 2H14.

On the heels of weak energy prices, EOG Resources wants to maintain steady production. This may result in flat production growth in 2015.

Falling oil prices have started to affect energy upstream companies’ revenues. These companies have resorted to cutting costs and focusing on cash flow.

Apache Corporation is planning asset sales of certain of its oil and gas operations. The company is focused on building onshore acreage instead.

WTI traded flat last week, but firstly traded up $100 per barrel since December 27. This past week’s upward movement in prices was a short-term positive for the sector.