iShares North American Natural Resources

Most Recent

  • uploads///Annotated
    Company & Industry Overviews

    Why More than Half of Analysts Rate BP as a ‘Hold’

    Analysts’ ratings for BP show that 31% of those surveyed rate it as “buy.” Another 62% rate it as a “hold,” and 7% of analysts rate it as a “sell.”

    By Maitali Ramkumar
  • uploads///Part
    Energy & Utilities

    Plosser on the use of Taylor-like rules in systematic guidance

    In this part, we will discuss Dr. Plosser’s views on the use of systematic tools, for example, Taylor-like rules for setting policy rates and communicating these to markets.

    By Phalguni Soni
  • uploads///distributable cash flows and capex
    Company & Industry Overviews

    Spectra Energy’s Capital Projects Should Fuel Its Dividend Growth

    Spectra Energy’s distributable cash flow for 3Q15 was $223 million, compared with $236 million in 3Q14.

    By Rekha Khandelwal, CFA
  • uploads///Segments
    Company & Industry Overviews

    How Have Shell’s Segment Dynamics Evolved?

    Shell’s upstream segment earnings, which were -$195 million in 1Q15, fell further to -$1.4 billion in 1Q16, excluding identified items.

    By Maitali Ramkumar
  • uploads///Internal versus External
    Company & Industry Overviews

    Is Core Laboratories Meeting Its Fund Obligations Internally?

    CLB’s internal cash generation hasn’t been adequate. In 2015, its internal sources of funds as a percentage of external fund requirements was 37%.

    By Alex Chamberlin
  • uploads///SA inflation rate
    Macroeconomic Analysis

    Power, labor satisfaction crucial to economy in South Africa

    Inflation in South Africa has primarily been fueled by higher food and fuel costs over the years, reaching 5.8% in November 2014.

    By Surbhi Jain
  • uploads///SI
    Company & Industry Overviews

    Has Shell’s Short Interest Risen in 3Q16?

    Royal Dutch Shell (RDS.A) has witnessed a 56% rise in its short interest volumes since June’s end in 2016.

    By Maitali Ramkumar
  • uploads///XRL WELL COSTS
    Company & Industry Overviews

    How Does Bill Barrett Plan to Be More Efficient in the DJ Basin?

    Bill Barrett (BBG) has been focusing on lowering costs in the Denver-Julesburg (or DJ) Basin. LOE (lease operating expenses) for 3Q16 was $2.45 per boe.

    By Keisha Bandz
  • uploads///SI
    Miscellaneous

    Cabot Oil & Gas: Short Interest Trends in Its Stock

    On July 18, 2017, Cabot Oil & Gas’s (COG) short interest ratio was ~4.7%. At the beginning of the year, its short interest ratio was 4.2%.

    By Keisha Bandz
  • uploads///Analyst Ratings
    Company & Industry Overviews

    Why Most Analysts Are Calling Chevron a ‘Buy’

    On December 12, 2016, Chevron (CVX) was rated by a total of 26 analysts, 17 of whom assigned “buy” or “strong buy” ratings on the stock.

    By Maitali Ramkumar
  • uploads///Aluminum
    Earnings Report

    Rio Tinto: In-Line Aluminum, More-than-Expected Bauxite Production

    Rio Tinto (RIO) and Alcan combined in 2007 to form Rio Tinto Alcan, a global leader in the aluminum industry. Its fully integrated facilities include high-quality bauxite mines…

    By Anuradha Garg
  • uploads///natural gas
    Company & Industry Overviews

    How Natural Gas Prices Have Supported Chesapeake Energy

    2016 has been good for natural gas prices (UGAZ). Prices have risen ~34% year-over-year.

    By Keisha Bandz
  • uploads///DMA
    Company & Industry Overviews

    XOM Stock Has Risen 5% since September 2016

    Crude oil prices have witnessed an uptrend in 2016, recovering from their downfall in 2015. Prices saw weakness in mid-August 2016, but since September 20, 2016, they’ve risen 22%.

    By Maitali Ramkumar
  • uploads///Historical Multiples
    Miscellaneous

    What Nabors Industries’ Historical Valuation Suggests

    On March 31, 2017, Nabors Industries (NBR) stock was 20.0% lower than it was on December 30, 2016. In 1Q17, NBR’s adjusted earnings were negative.

    By Alex Chamberlin
  • uploads///IV
    Company & Industry Overviews

    COG’s Implied Volatility Has Fallen Significantly since Early 2016

    Cabot Oil and Gas’s (COG) current implied volatility is ~36.4%, ~3% lower than its 15-day average of 37.4%.

    By Keisha Bandz
  • uploads///HAL
    Consumer

    How Halliburton’s Free Cash Flow Turned Around in 2Q17

    Halliburton’s (HAL) cash from operating activities (or CFO) in 2Q17 was a huge improvement over 2Q16 as well as an increase over 1Q17.

    By Alex Chamberlin
  • uploads///WMB ASPC
    Earnings Report

    Why Did Williams Partners Surge in the Past Month?

    Williams Partners (WPZ) has returned -0.2% since the beginning of 2016. But it has rallied 55.9% in the past one month.

    By Kurt Gallon
  • uploads///us dollar index
    Macroeconomic Analysis

    US Dollar Correction: Why It’s Positive for Copper Producers

    US-based copper producers have another reason to celebrate when the US dollar weakens. Their overseas revenue increases when the US dollar weakens.

    By Mohit Oberoi, CFA
  • uploads///RV
    Company & Industry Overviews

    How National Oilwell Varco’s Valuation Stacks Up with Peers

    National Oilwell Varco’s TTM PE (price-to-earnings) multiple of ~15x is lower than its peer average in the group.

    By Alex Chamberlin
  • uploads///Broker Recommenations
    Miscellaneous

    What Do Analysts Recommend for Halliburton?

    On March 24, 92% of the analysts tracking Halliburton rated it as a “buy,” ~5% rated it as a “hold,” and 3% rated it as a “sell.”

    By Alex Chamberlin
  • uploads///SLB Group structure
    Miscellaneous

    Schlumberger and Cameron International: a Complementary Team

    Schlumberger and Cameron are contemplating a merger because their drilling and production systems would be integrated from “pore to pipeline.”

    By Alex Chamberlin
  • uploads///Broker Recomendations
    Miscellaneous

    Wall Street Analysts’ Forecasts for National Oilwell Varco

    On February 24, ~14% of the analysts tracking National Oilwell Varco rated it as a “buy,” ~74% rated it as a “hold,” and 12% rated it as a “sell.”

    By Alex Chamberlin
  • uploads///Segments
    Earnings Report

    How Will Marathon Petroleum’s Refining Earnings Fare in 3Q16?

    According to MPC, a dollar-per-barrel change in the blended LLS 6-3-2-1 crack spread affects its annual net income by $450 million.

    By Maitali Ramkumar
  • uploads///Broker Recommendations
    Energy & Utilities

    Wall Street Analysts’ Recommendations for TechnipFMC

    In this article, we’ll look at Wall Street analysts’ recommendations for TechnipFMC (FTI) on November 9.

    By Alex Chamberlin
  • uploads///ASPC
    Miscellaneous

    The Energy Transfer Equity–Williams Deal Faces Another Setback

    Energy Transfer Equity (ETE) lowered the expected synergies from its merger with Williams Companies (WMB) to $170 million per year due to the fall in energy prices.

    By Kurt Gallon
  • uploads///last reliagn
    Company & Industry Overviews

    Alcoa Realigns Downstream Segment after RTI Metals Acquisition

    Alcoa split its downstream business into two segments. The first segment would focus on the aerospace sector, and the other segment would serve the construction and commercial wheels market.

    By Mohit Oberoi, CFA
  • uploads///Segment
    Earnings Report

    PSX’s Gross Refining Margin Rises to $9.4 per Barrel in 4Q15

    Phillips 66 saw its gross refining margin (or GRM) rise by $0.1 per barrel over 4Q14 to $9.4 per barrel in 4Q15.

    By Maitali Ramkumar
  • uploads///Targets
    Earnings Report

    Analyst Recommendations for Phillips 66 after Its 1Q16 Earnings

    Four of the nine companies have rated Phillips 66 (PSX) as “buy,” “overweight,” or “outperform.” Five companies have rated Phillips 66 as a “hold” and none of the firms gave a “sell” rating to PSX.

    By Maitali Ramkumar
  • uploads///Permian rigs
    Macroeconomic Analysis

    Permian Basin Defied the Oil Rig Trend in the September 18 Week

    Currently, there are 644 working oil rigs in the US. The Permian Basin accounts for 250 of these rigs—more than any other region.

    By Alex Chamberlin
  • uploads///Targets
    Earnings Report

    What Do Analysts Recommend for Tesoro?

    Barclays and Credit Suisse have given price targets of $133 and $125, respectively, for Tesoro.

    By Maitali Ramkumar
  • uploads///leverage ratios balance sheet
    Company & Industry Overviews

    Teck Resources Balance Sheet Healthy Despite Challenges

    Liquidity and leverage are some of the key metrics that analysts track on any company’s balance sheet. A comfortable liquidity ratio is a positive thing.

    By Mohit Oberoi, CFA
  • uploads///Broker Recommendations
    Consumer

    What Wall Street Analysts Recommend for Halliburton

    On February 15, 2018, approximately 92% of the Wall Street analysts tracking Halliburton rated it a “buy” or some equivalent.

    By Alex Chamberlin
  • uploads///FCF
    Consumer

    Is Halliburton’s Post-4Q17 Free Cash Flow a Concern?

    Halliburton’s operating cash flow Between 4Q16 and 4Q17, Halliburton’s (HAL) CFO (cash from operating activities) deteriorated marginally by 5%, to $1.01 billion from $1.06 billion. Although HAL’s revenue increased, adverse changes in working capital led to its CFO falling in 4Q17. Halliburton makes up 2.4% of the iShares North American Natural Resources ETF (IGE). Since February […]

    By Alex Chamberlin
  • uploads///Net debt
    Consumer

    Halliburton’s Post-4Q17 Net Debt

    Halliburton’s net debt Between 4Q16 and 4Q17, Halliburton’s (HAL) total debt decreased 12%, while its cash and marketable securities decreased 42%. In effect, its net debt increased 3% to ~$8.6 billion. Although HAL’s total debt decreased, a steep decline in its cash and marketable securities prevented a fall in net debt. Net debt is aggregate short- and […]

    By Alex Chamberlin
  • uploads///Net debt
    Consumer

    A Peek at Halliburton’s Post-3Q17 Net Debt

    Halliburton’s net debt In 3Q17, Halliburton’s (HAL) total debt fell 11% from the year prior, while its cash and marketable securities fell 42%. Its net debt remained at ~$9.0 billion. Despite a decrease in total debt, a steep decline in cash and marketable securities prevented any sharp fall in HAL’s net debt. Is HAL’s credit rating changing? Moody’s maintained Halliburton’s […]

    By Alex Chamberlin
  • uploads///FCF
    Energy & Utilities

    How Will Nabors Industries Use Its Free Cash Flow after 3Q17?

    Nabors Industries’ (NBR) cash from operating activities (or CFO) turned negative in 3Q17, compared to a positive CFO a year ago.

    By Alex Chamberlin
  • uploads///RV
    Energy & Utilities

    National Oilwell Varco’s Valuation Compared to Its Peers

    National Oilwell’s valuation, expressed as the TTM PE (price-to-earnings) multiple, isn’t available due to its negative adjusted earnings.

    By Alex Chamberlin
  • uploads///Broker Recommendations
    Consumer

    What Wall Street Analysts Are Recommending for Halliburton

    On September 5, 2017, 89.0% of Wall Street analysts who are tracking Halliburton stock rated it a “buy” or some equivalent.

    By Alex Chamberlin
  • uploads///FCF
    Consumer

    Behind Halliburton’s Free Cash Flow, Capex, and Acquisition Strategies

    Halliburton’s (HAL) CFO (cash from operating activities) in 2Q17 showed a remarkable improvement over 2Q16. HAL’s CFO was a $346 million in 2Q17.

    By Alex Chamberlin
  • uploads///Net Debt
    Consumer

    Understanding Halliburton’s Net Debt after 2Q17

    In 2Q17, Halliburton’s (HAL) total debt fell 14% from 2Q16, while its cash and marketable securities fell 31%.

    By Alex Chamberlin
  • uploads///DMA
    Energy & Utilities

    Can Chesapeake Energy Stock Rise from the Doldrums?

    Chesapeake Energy stock (CHK) has fallen for most of this year. It picked up slightly in April but wasn’t able to hold those levels.

    By Keisha Bandz
  • uploads///Historical valuation
    Energy & Utilities

    What Does Nabors Industries’ Historical Valuation Suggest?

    Nabors Industries’ PE multiple was not meaningful in 2015 and 2016 as a result of negative adjusted earnings during this period.

    By Alex Chamberlin
  • uploads///FCF
    Energy & Utilities

    How Nabors Could Use Its Free Cash Flow This Year

    Nabors Industries’ (NBR) CFO (cash from operating activities) turned positive in 2Q17, compared with its negative CFO in 1Q17.

    By Alex Chamberlin
  • uploads///FCF
    Miscellaneous

    What Are Nabors Industries’ Capex Plans for 2017?

    Nabors Industries’ (NBR) cash from operating activities (or CFO) turned negative in 1Q17, compared to its positive CFO a year earlier.

    By Alex Chamberlin
  • uploads///Broker Recommendations
    Miscellaneous

    Analysts’ Recommendations for Halliburton

    On June 12, 92% of the analysts tracking Halliburton rated it as a “buy,” ~3% of the analysts rated it as a “sell,” and the other 5% rated it as a “hold.”

    By Alex Chamberlin
  • uploads///FCF
    Miscellaneous

    Analyzing Halliburton’s Free Cash Flow and Capex Plans

    Halliburton’s cash from operating activities (or CFO) in 1Q17 was an improvement over 1Q16, although it was a steep deterioration compared to 4Q16.

    By Alex Chamberlin
  • uploads///Net debt
    Miscellaneous

    What’s Happening to Halliburton’s Net Debt?

    In 1Q17, Halliburton’s (HAL) total debt fell 29% compared to a year earlier, while its cash and marketable securities fell 78%.

    By Alex Chamberlin
  • uploads///Ustream capex and Margin
    Miscellaneous

    Upstream Operators’ Capex Could Impact Schlumberger’s Margin

    Schlumberger’s EBITDA margin was impacted negatively as upstream companies slashed their budgets. From 1Q16 to 1Q17, Schlumberger’s EBITDA margin fell.

    By Alex Chamberlin
  • uploads///Correlation
    Company & Industry Overviews

    How Does MPC Stock Correlate with WTI?

    Marathon Petroleum’s correlation with WTI stands at 0.34. This value shows that the two have a positive but relatively weak correlation.

    By Maitali Ramkumar
  • uploads///SI
    Miscellaneous

    Short Interest Trends in Cabot Oil & Gas Stock

    On April 19, Cabot Oil and Gas’s short interest as a percentage of its float was ~4.5%. At the beginning of the year, its short interest ratio was 4.2%.

    By Keisha Bandz
  • uploads///Segments
    Earnings Report

    Which Way Will MPC’s Refining Earnings Swing in 1Q17?

    MPC’s operating income rose 64% YoY to $553 million in 4Q16. The Refining segment’s operating income rose to $219 million in 4Q16 from $179 million in 4Q15.

    By Maitali Ramkumar
  • uploads///IV
    Earnings Report

    Behind Valero’s Implied Volatility ahead of the 1Q17 Results

    The implied volatility of Valero Energy (VLO) stock now stands at 24%. This level is equal to VLO’s 30-day average implied volatility.

    By Maitali Ramkumar
  • uploads///Correlation
    Company & Industry Overviews

    What Is the Relationship between VLO and WTI?

    The correlation coefficient between VLO and WTI stands at 0.08.

    By Maitali Ramkumar
  • uploads///SI
    Company & Industry Overviews

    A Look at Short Interest Trends in Continental’s Stock

    Short interest in Continental Resources’ stock On April 4, 2017, Continental Resources’ (CLR) short interest as a percentage of its float (or its short interest ratio) was ~22.8%. Its short interest ratio on December 30, 2016, was 21.5%. CLR closed at $51.54 on December 30, 2016, and $46.20 on April 4, 2017. Peers Concho Resources […]

    By Keisha Bandz
  • uploads///IV
    Company & Industry Overviews

    Refining Stocks’ Implied Volatilities Tumbled in 1Q17

    Refining stocks’ implied volatilities have witnessed falls in 1Q17. Marathon Petroleum’s (MPC) implied volatility fell 7% to 27.9% from January 2 to March 31, 2017.

    By Maitali Ramkumar
  • uploads///Refining Margin Ind
    Company & Industry Overviews

    A Look at Chevron’s Refining Margin Trends

    Chevron’s refining capacity Before we analyze Chevron’s (CVX) refining margin trends, le’s quickly look at its refining capacity. Chevron’s total refining capacity stands at 1.8 MMbpd (million barrels per day). Most of Chevron’s capacity, around ~1 MMbpd, is in the United States. In the international arena, Chevron has combined refining capacity of 0.3 MMbpd in South […]

    By Maitali Ramkumar
  • uploads///SI
    Company & Industry Overviews

    How Short Interest in COG Stock Has Been Trending

    On March 14, 2017, Cabot Oil and Gas’s (COG) short interest as a percentage of its float (or its short interest ratio) was ~3.5%.

    By Keisha Bandz
  • uploads///FCF
    Company & Industry Overviews

    Analyzing Halliburton’s Free Cash Flow and Capex Plan

    In this article, we’ll analyze how Halliburton’s (HAL) operating cash flows have trended over the past few quarters. We’ll also discuss its free cash flow (or FCF).

    By Alex Chamberlin
  • uploads///VLO Ref Ind
    Company & Industry Overviews

    Could Valero’s Refining Margins Soar in 1Q17?

    Valero’s Midcon crack indicator rose to $11.90 per barrel in 1Q17 from $10.90 per barrel in 4Q16.

    By Maitali Ramkumar
  • uploads///Upstream
    Company & Industry Overviews

    ExxonMobil’s Robust Upstream Portfolio: Poised for Growth

    ExxonMobil (XOM) produced 4.1 MMboepd (million barrels of oil equivalent per day) from its worldwide operations in 4Q16.

    By Maitali Ramkumar
  • uploads///IV
    Company & Industry Overviews

    Understanding the Latest Implied Volatility in Refining Stocks

    Marathon Petroleum’s implied volatility currently stands at 28%—the highest level among peers Valero, Tesoro, and Phillips 66.

    By Maitali Ramkumar
  • uploads///Beta
    Company & Industry Overviews

    Refining Stock Betas: Who Could Pop?

    On March 2, 2017, Marathon Petroleum’s 90-day beta stood at 2.0—the highest among peers Valero, Tesoro, and Phillips 66.

    By Maitali Ramkumar
  • uploads///Correlations
    Company & Industry Overviews

    Understanding the Correlation between MPC’s Stock and Oil Prices

    The correlation coefficient of Marathon Petroleum and WTI stands at 0.35—a positive but feeble correlation.

    By Maitali Ramkumar
  • uploads///Upstream capex and EBITDA
    Company & Industry Overviews

    Will Upstream Operators’ Capexes Affect SLB’s 1Q17 Margin?

    In the past couple of years, some major US upstream and integrated companies have reduced their capital expenditures (capex) following crude oil’s sharp fall.

    By Alex Chamberlin
  • uploads///IV
    Earnings Report

    What Nabors Industries’ Implied Volatility Suggests

    On February 13, 2017, Nabors Industries (NBR) had an implied volatility of 43%.

    By Alex Chamberlin
  • uploads///Capex and EBITDA
    Earnings Report

    Will Upstream Operators’ Capex Affect Nabors’ 4Q16 Margin?

    In the past couple of years, some of the major US upstream and integrated companies have reduced capital expenditure following crude oil prices’ sharp decline.

    By Alex Chamberlin
  • uploads///IV
    Company & Industry Overviews

    Where Do Implied Volatilities in Integrated Energy Stocks Stand?

    Implied volatility in Royal Dutch Shell (RDS.A) currently stands at 16%, which is the highest compared to peers ExxonMobil (XOM), Chevron (CVX), and BP (BP).

    By Maitali Ramkumar
  • uploads///Analyst Ratings
    Miscellaneous

    Analysts’ Ratings for ExxonMobil after Its Earnings

    Six analysts gave ExxonMobil a “buy” rating, 13 analysts gave it a “hold” rating, and seven analysts gave it a “sell” rating after its 4Q16 earnings.

    By Maitali Ramkumar
  • uploads///Upstream
    Company & Industry Overviews

    How Has ExxonMobil’s Upstream Production Trended?

    ExxonMobil (XOM) produced 3.8 MMboepd (million barrels of oil equivalent per day) from its worldwide operations in 3Q16.

    By Maitali Ramkumar
  • uploads///Segments
    Earnings Report

    Marathon Petroleum’s Refining Margin Outlook for 4Q16

    Marathon Petroleum’s (MPC) operating income fell 72% over 3Q15 to $435 million in 3Q16.

    By Maitali Ramkumar
  • uploads///Segments
    Earnings Report

    Chevron’s 4Q16 Segmental Outlook: Is It Positive?

    Chevron’s (CVX) Downstream segment saw its earnings fall 52% YoY to ~$1.1 billion in 3Q16.

    By Maitali Ramkumar
  • uploads///Stabroek block
    Company & Industry Overviews

    Once Again, ExxonMobil Discovers Oil in Guyana

    ExxonMobil (XOM) has found oil in the Payara-1 Well in the Stabroek Block, positioned 120 miles offshore Guyana. This is the company’s second discovery in the block.

    By Maitali Ramkumar
  • uploads///Correlation
    Company & Industry Overviews

    What’s the Correlation between Valero Stock and WTI?

    The correlation coefficient of Valero (VLO) and WTI stands at 0.15. The correlation value for Valero’s stock and oil price show that they have a positive but feeble correlation.

    By Maitali Ramkumar
  • uploads///Broker Recommendations
    Company & Industry Overviews

    How Have Superior Energy’s Recommendations Changed before the 4Q16 Earnings?

    On January 6, 2017, ~70% of the analysts tracking SPN recommended a “buy” or some equivalent for the stock, while ~30% of the analysts issued a “hold.”

    By Alex Chamberlin
  • uploads///Valuations
    Company & Industry Overviews

    Why Is Petrobras’s Valuation Higher Than Peer Average?

    After its production update news, Petrobas’s forward PE and EV-to-EBITDA stood at 18.7x and 6.3x, respectively.

    By Maitali Ramkumar
  • uploads///Broker Recommendations
    Earnings Report

    Wall Street’s Forecasts for Halliburton before Its 4Q16 Earnings

    On January 3, 2017, 90% of the analysts tracking Halliburton (HAL) rated it a “buy” or some equivalent.

    By Alex Chamberlin
  • uploads///obj
    Company & Industry Overviews

    Where Is Callon Petroleum Focusing in 2017?

    Callon Petroleum (CPE) has been focusing on strengthening its Permian position—specifically, on ramping up its rig count in 2016 and 2017.

    By Keisha Bandz
  • uploads///acreage
    Company & Industry Overviews

    Introducing Callon Petroleum

    Callon Petroleum (CPE) is an independent exploration and production company with operations focused entirely in the Permian—a pure-play Permian company.

    By Keisha Bandz
  • uploads///Valuations
    Company & Industry Overviews

    MPC’s Dropdown Plans: Where Do Its Valuations Stand?

    After MPC proposed the dropdown plan, MPC’s forward price-to-earnings (or PE) and EV-to-EBITDA stood at 15.7x and 8x, respectively.

    By Maitali Ramkumar
  • uploads///Analysts Reccomendations
    Company & Industry Overviews

    Are Analysts Changing Recommendations for Halliburton?

    In December so far, 90% of the analysts tracking Halliburton rated it a “buy” or some equivalent.

    By Alex Chamberlin
  • uploads///FCF
    Company & Industry Overviews

    Why Did Halliburton’s Free Cash Flow Improve?

    Halliburton’s cash from operating activities (or CFO) turned positive in 3Q16.

    By Alex Chamberlin
  • uploads///Leverage
    Company & Industry Overviews

    How Is BP’s Leverage Curve Trending?

    In 3Q16, BP’s total debt-to-capital ratio stood at 38.9%, higher than the industry average of 36%. Its net debt-to-adjusted EBITDA ratio rose from 0.77x in 3Q14 to 2.3x in 3Q16.

    By Maitali Ramkumar
  • uploads///SI
    Company & Industry Overviews

    What Are the Short Interest Trends in CLR’s Stock?

    On December 13, 2016, Continental Resources’ (CLR) short interest as a percentage of its float (or its short interest ratio) was ~23.4%.

    By Keisha Bandz
  • uploads///VLO Ref Indicators
    Company & Industry Overviews

    Analyzing Cracks to Predict Valero’s Refining Margin in 4Q16

    Now, let’s analyze the refining margin indicators published by Valero Energy (VLO). These indicators point toward VLO’s likely margin trend in 4Q16.

    By Maitali Ramkumar
  • uploads///Analyst Ratings
    Company & Industry Overviews

    Why Do a Majority of Analysts Rate BP as a ‘Hold’?

    BP (BP) plans to rebalance its sources and uses of cash by 2017 at an oil price level of $50–$55 per barrel.

    By Maitali Ramkumar
  • uploads///Broker Recommendations
    Miscellaneous

    What Do Analysts Recommend for FMC Technologies?

    In November, 34% of the analysts tracking FMC Technologies rated it a “buy,” ~55% rated it a “hold,” and only 3% of the analysts rated it a “sell.”

    By Alex Chamberlin
  • uploads///Broker Recommendations
    Miscellaneous

    Wall Street Analysts’ Recommendations for Schlumberger

    In November, 83% of the analysts tracking Schlumberger rated it a “buy” or some equivalent. The other 18% of the analysts recommended a “hold” or a “sell.”

    By Alex Chamberlin
  • uploads///IV
    Company & Industry Overviews

    Where Are Refining Stocks’ Implied Volatilities Positioned?

    Marathon Petroleum’s (MPC) implied volatility currently stands at 37%, the highest among its peers.

    By Maitali Ramkumar
  • uploads///takeaway
    Company & Industry Overviews

    Why Cabot Awaits the Atlantic and Constitution Pipeline Projects

    Cabot Oil & Gas’s stock price momentum has slowed, but its stock has recently been rising, mirroring natural gas prices.

    By Keisha Bandz
  • uploads///Marketing
    Company & Industry Overviews

    How Did Phillips 66’s Marketing Segment Perform in 3Q16?

    Phillips 66’s adjusted EBITDA from its Marketing segment fell 22% from 3Q15 to $429 million in 3Q16 due to weaker marketing margins and lower volumes.

    By Maitali Ramkumar
  • uploads///Valuations
    Company & Industry Overviews

    Elliott’s Recommendation: Where Does Marathon’s Valuation Stand?

    After Elliott Management’s recommendations, Marathon Petroleum’s forward EV-to-EBITDA multiple stood at 23.1x.

    By Maitali Ramkumar
  • uploads///Valuations
    Miscellaneous

    TSO to Acquire WNR: Where Do Their Valuations Stand?

    In this article, we’ll look at Tesoro’s (TSO) and Western Refining’s (WNR) valuations following the news of TSO’s acquisition of WNR.

    By Maitali Ramkumar
  • uploads///Valuations
    Company & Industry Overviews

    Integrated Energy Stocks’ Post-3Q16 Forward Valuations

    XOM trades at 8.3x forward EV-to-EBITDA and 21.2x forward price-to-earnings, both above its peer averages.

    By Maitali Ramkumar
  • uploads///Ref Margins
    Company & Industry Overviews

    How Refining Margins Are Key Indicators of Refining Profitability?

    Refining margins are dependent on input crude oil cost, product slate, and prices of refined products and are indicators of overall profitability.

    By Maitali Ramkumar
  • uploads///Targets
    Earnings Report

    Analysts’ Recommendations for Shell: Most Say ‘Buy’

    Shell’s highest and lowest 12-month price targets stand at $66 and $53. It indicates a 27% and 2% rise from its current levels, respectively.

    By Maitali Ramkumar
  • uploads///Segments
    Earnings Report

    Analyzing Total’s Segmental Earnings in 3Q16

    Total’s net adjusted operating earnings from the Upstream segment fell 21% from 3Q15 to $877 million in 3Q16 due to lower crude oil prices.

    By Maitali Ramkumar
  • uploads///Targets
    Earnings Report

    Suncor: How Analysts Are Rating the Stock after Earnings

    An analyst survey shows that six out of eight companies surveyed rated Suncor Energy (SU) an “overweight” or “outperform.”

    By Maitali Ramkumar
  • uploads///Targets
    Earnings Report

    How Analysts Are Rating Valero ahead of Its 3Q16 Earnings

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  • uploads///Alon
    Company & Industry Overviews

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  • uploads///Segments
    Company & Industry Overviews

    Shell’s Segments: Upstream Continues to Report Losses

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