Marathon Oil Corp
ConocoPhillips’s 1Q17 Crude Oil Price Underperforms WTI
ConocoPhillips’s 1Q17 crude oil realized prices In 1Q17, excluding the effect of hedges, ConocoPhillips’s average realized crude oil price in the Lower 48 region was $45.89 per barrel, up ~70% from its price of $27.04 per barrel in 1Q16. Sequentially, ConocoPhillips’s 1Q17 price is ~4% higher than it was in 4Q16. Crude oil prices versus […]
Marathon Oil Has Risen ~27% in 2018
Marathon Oil (MRO) has seen a strong rally in the past month. The company has risen ~15% from its lows of $19 in August.
Inside Range Resources’ 3Q16 Earnings
For 3Q16, Range Resources reported an adjusted loss per share of $0.06—$0.09 better than the Wall Street analyst consensus estimate of $0.15 loss per share.
Hess’s Key Management Objectives Investors Need to Know
Hess’s (HES) key management objectives include taking several steps to counter lower commodity prices. These include capital and cost reductions.
Why Chevron is cutting spending on some projects
Chevron has cut spending on the Kitimat liquefied natural gas project (or LNG) in Canada due to falling crude prices.
Most Analysts Recommend a ‘Buy’ for Anadarko Petroleum Stock
About 76% of the analysts covering Anadarko Petroleum (APC) have rated the stock a “buy,” and 21% have rated it a “hold.”
Crude Oil Prices Rise for the Second Day, Led by EIA Inventory Data
The unexpected fall in crude oil inventory supported crude oil prices. The fall in US imports might have led to the fall in the US oil inventory.
Inside Marathon Oil’s Stock Performance Last Week
Marathon Oil’s stock price fell from $15.91 to $15.16 last week, while crude oil prices fell from $53.18 per barrel to $49.62 per barrel.
What Has Hedging Done for Range Resources?
In 1Q16, natural gas hedging activities increased Range Resources’ (RRC) average realized natural gas price by $0.91 per Mcf (thousand cubic feet).
What Drove Oasis Petroleum’s Stock Higher after Fiscal 4Q15?
Following Oasis Petroleum’s (OAS) fiscal 4Q15 earnings release, OAS stock rose 3%. The stock has declined 71% year-over-year.
What Are the Short Interest Trends in Whiting Petroleum Stock?
On June 11, Whiting Petroleum’s (WLL) short interest ratio (short interest as a percentage of float) was ~16%.
Range Resources’ 2Q16 Earnings Are Better Than Expected
In this series, we’ll analyze Range Resources’ 2Q16 earnings and revenue and look at its cash flow, operational performance, analyst ratings, and price forecasts.
Must-know: Why oil prices swung lower only to recover again
On Friday, August 29, prices closed at $95.96 per barrel. On Tuesday, prices dropped to $92.88—a 3% decrease. On Wednesday, prices came back to $95.54 per barrel, again ~3% higher than the previous day’s market close.
What Are Pioneer Natural Resources Operating Netbacks?
In 1Q16, Pioneer Natural Resources’ (PXD) reported an operating netback of ~$22.15 per boe (barrel of oil equivalent), which is ~4% lower than in 1Q15.
What Just Happened to ConocoPhillips Stock?
Last week (ended May 26), crude oil prices fell from $50.67 per barrel to $49.80 per barrel.
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.
How Investors Have Reacted to Murphy Oil’s Past Earnings
After losing ~78% of its market capitalization from July 2014 to January 2016, Murphy Oil’s (MUR) stock price is finally showing signs of new uptrend.
Can Marathon Oil Report Higher Profits in Q2 2018?
Marathon Oil (MRO) is set to report its Q2 earnings on August 1. Excluding one-time items, the net income estimate is ~$161 million.
Analysts’ Forecast for Marathon Oil after Its 2Q15 Earnings
Wall Street analysts gave target prices for Marathon Oil after its 2Q15 financial results. Evercore ISI gave Marathon Oil a target price of $23.
COG Highly Correlates to Natural Gas Prices, CHK Not so Much
Cabot Oil & Gas (COG) had the highest correlation with natural gas prices in the past one-year, six-month, three-month, and one-month periods.
EIA forecasts global liquids supply and consumption trends
As for supply and consumption, global oil production is outpacing consumption, especially in the first half of 2015.
Crude Oil Prices Rise Due to Short Covering ahead of Expiry
September WTI crude oil futures contracts trading in NYMEX rose by 1.79% on August 18. Crude oil prices rose due to the consensus of falling US crude oil inventories.
One Key Driver for Marathon Oil’s Stock Price Movement
Identifying the key driver Marathon Oil’s (MRO) stock price was in an uptrend from October 2011 to September 2014 when NYMEX (New York Mercantile Exchange) WTI (West Texas Intermediate) crude oil (USO) prices were in an uptrend. But NYMEX WTI crude oil started to fall in June 2014, and Marathon Oil’s stock price had topped within three […]
This Wall Street Target Price Indicates Upside for Marathon Oil
Currently, ~54% of Wall Street analysts rate Marathon Oil (MRO) as a “buy” and ~43% of analysts rate it as a “hold.”
Is Marathon Oil’s Debt Load Becoming Too Heavy for Its Declining Earnings?
As of June 30, 2016, Marathon Oil’s total debt was ~$7.3 billion. With ~$2.6 billion in cash and cash equivalents, MRO’s net debt was ~$4.7 billion.
Marathon Oil’s Lifting Costs
In 2Q17, Marathon Oil’s (MRO) reported a lifting cost of ~$6.75 per boe (barrel of oil equivalent), which is ~28.0% lower than its 2Q16 lifting cost of ~$10.88.
WTI Crude Oil Hit $75 on July 3: What’s Next?
August WTI crude oil prices hit an intraday high of $75.27 per barrel on July 3—the highest level since November 2014.
Venezuela’s Falling Crude Oil Production Drives Oil Prices Higher
The EIA estimates that Venezuela’s crude oil production decreased by 45,000 bpd (barrels per day) to 1,465,000 bpd in April—compared to March.
Crude Oil Prices Fall from Key Resistance Level
WTI crude oil futures contracts for January delivery fell from the key resistance level of $44 per barrel on Friday, November 27.
Should Investors Worry About Marathon Oil’s Credit Ratings Downgrades?
Due to the prolonged downturn in crude and natural gas, credit rating agencies reviewed many upstream companies earlier this year, including Marathon Oil.
Understanding Range Resources’ Dividends and Dividend Yields
As of May 27, 2016, Range Resource’s dividend yield, which measures the amount of cash flow an investor can get for each dollar invested in an equity position, stood at ~0.34%.
Wall Street Analysts’ Recommendations on EOG Resources
It’s important to note that ~69% of analysts tracking EOG Resources rate it a “buy” or some equivalent, while ~24% rate the company a “hold.”
Crude Oil Prices Retreat as Iraq Exports Set a Record
NYMEX-traded WTI (West Texas Intermediate) crude oil for June delivery prices declined by 0.80% and settled at $59.15 per barrel on Friday, May 1, 2015.
Did Institutional Investors Sell EOG Resources in 4Q17?
In 4Q17, 470 funds were “buyers” of EOG Resources (EOG) stock, and 450 funds were “sellers” of EOG stock.
EIA forecasts growth in global liquids supply and consumption
The EIA expects global liquids supply to average 93.76 MMbbls/d in 2015. This is 0.82 MMbbls/d higher than its estimate of 92.94 MMbbls/d in 2014.
WLL’s Plans in the Williston Basin for the Rest of 2018
In the first quarter, Whiting Petroleum’s (WLL) total production volume was ~127.1 Mboepd.
Did Institutional Investors Sell Devon Energy in 4Q17?
On December 31, 2017, 740 13F filers held DVN in their portfolios, out of which 13 filers had DVN in their top ten holdings.
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.
Is Marathon Oil’s Debt Load Becoming Too Heavy for its Declining Earnings?
On September 30, MRO’s total debt was ~$7.3 billion. With ~$1.95 billion in cash and cash equivalents, MRO’s net debt was ~$5.3 billion at the end of 3Q16.
EIA Reports Significant Build in US Natural Gas Inventories
On June 21, the EIA released its natural gas storage report. It reported that US natural gas inventories rose by 91 Bcf (billion cubic feet) to 2,004 Bcf from June 8 to 15.
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.
Why more rigs mean increased crude oil production
It may take sharper declines in rig counts this time around for a substantial downward trend in production to be seen.
What Wall Street Thinks about the Top Upstream Energy Companies
About 69% of Wall Street analysts tracking EOG Resources (EOG) have recommended a “buy” or equivalent; 23.8% have recommended a “hold”; the rest recommend a “sell.”
How the Decline in Crude Oil Prices Affected Marathon Oil
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.
Upstream Rating Updates for the Week That Ended October 12
Whiting Petroleum (WLL) saw a rating update and three target price revisions in the week that ended on October 12.
Crude Oil Downturn: Why Did XOP Fall the Most?
The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) underperformed other energy ETFs from June 23–30, 2016.
US Oil Production Steady for the Third Straight Week
The EIA estimates that the US crude oil production could average 10,790,000 bpd in 2018 and 11,760,000 bpd in 2019.
What’s in Your Theoretical Asia-Pacific Mutual Funds Strategy for 2016?
The Asia-Pacific’s diversity makes the region a compelling investment choice and can appeal to investors excited about long-term prospects in the region.
Crude Oil Prices Rise 4% as the US Dollar Depreciates
The fight for market share, despite lower crude oil prices, has led to victory for Saudi Arabia. It exported 4.4 MMbpd of crude oil to Asia in 1H15.
Crude Oil Prices Fall Almost 5% ahead of Expiry
October WTI crude oil futures contracts trading in NYMEX fell on September 18. Crude oil prices fell due to negative sentiments of oversupply.
What Does Wall Street Predict for CXO, PXD, MRO, and CLR?
Approximately 74% of Wall Street analysts tracking Pioneer Natural Resources surveyed have recommended a “buy” or equivalent, while ~18% have recommended a “hold.”
Could ConocoPhillips Report Higher Profits in Q2 2018?
ConocoPhillips (COP) plans to report its Q2 2018 earnings on July 26. Its consensus net income estimate is ~$1.18 billion.
Why Did WTI Fall More than Brent Crude Oil Prices?
WTI crude oil futures contracts for January delivery fell by 4.7% during the first week of December. Crude oil prices were volatile due to OPEC’s meeting.
What Do Analysts Expect for Upstream Energy Companies?
The 100-day moving averages of upstream companies’ stocks have shown strong resistance.
How Did Marathon Oil’s North America E&P Segment Perform?
Marathon Oil’s (MRO) North America E&P segment recorded a $61 million operating loss in fiscal 3Q15 compared to $291 million in operating income in fiscal 3Q14.
Crude Oil Prices Benefit from Falling Gasoline Stocks
The EIA (U.S. Energy Information Administration) released its weekly crude oil, gasoline, and distillates inventories report on Wednesday, September 2, 2015.
Refinery demand affects crude oil inventories and prices
US crude oil refinery inputs averaged 16.6 million bpd (barrels per day) during the week ended December 5. High levels like these were seen earlier this year, in July.
Occidental Petroleum: Poised for Strong 3Q16 Results
For 3Q16, analysts expect Occidental Petroleum to report revenues of ~$2.8 billion, which would be ~11% lower than its 3Q15 revenues of ~$3.1 billion.
Marathon Oil’s Free Cash Flow Is Looking Better
For 1Q17, Marathon Oil (MRO) reported operating cash flow of $501.0 million, which is ~577.0% higher than ~$74.0 million in 1Q16.
Chart in Focus: Marathon Oil’s Cash Flow Estimates
Wall Street analysts expect Marathon Oil (MRO) to report year-over-year higher cash flows of ~$473 million in 1Q17 from ~$74 million in 1Q16.
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.
What Drove Newfield Exploration’s Recent Stock Performance?
The correlation coefficient between NFX’s stock price and crude oil prices from March 2015 to the present is 0.6. This indicates a strong positive correlation between the two.
Oasis Petroleum’s 4Q15 Earnings: In Line with Analyst Estimates
Oasis Petroleum (OAS) reported its fiscal 4Q15 earnings on February 24, 2016. Its 4Q15 revenue was 13% lower than 4Q14 revenue of $300 million, but OAS stock rose 3%.
Continental Resources increases wells and production
From 2011 to 2013, the number of Continental Resources’ net wells has increased 68%, to 334. From 2011 to 2013, Continental Resources’ total oil and natural gas production more than doubled.
ConocoPhillips’ Cash Flow in 2Q17: Why the Rise?
For 2Q17, ConocoPhillips (COP) reported operating cash flow of $1.75 billion, which is ~39% higher compared with Wall Street analysts’ expectation for $1.58 billion in cash flow.
Chesapeake’s Key Strategies Aligned with Volatile Price Environment
Chesapeake Energy (CHK) expects to reduce the base decline rate of its wells by ~10% this year. This will be instrumental to increasing its EBITDA.
US Oil Output Downticks and Crude Oil Prices Fall
The EIA reported that US crude oil production fell by 145,000 bpd for the week ending July 24. The weekly oil output fell for the fifth time in the last ten weeks.
Is Marathon Oil’s Downtrend about to End?
As of August 30, 2017, Marathon Oil’s (MRO) short interest stood at ~47.21 million, while its average daily volume is ~6.82 million.
Why investors should watch the EIA’s revised crude oil estimates
In September, U.S. crude oil production averaged an estimated 8.7 MMbbl per day. According to the EIA, this marked the highest annual production since 1970.
California Resources’ Stock Price Range: Weekly Forecast
As of May 11, 2017, California Resources (CRC) had an implied volatility of ~79.42%, which is ~23.68% below its 260-trading day historical price volatility of ~104.06%.
Crude oil inventories affect prices and profits for producers
Analysts had expected an increase of 250,000 barrels in crude inventories last week. We’ll discuss actual changes in inventories in this series.
Why unrest in Libya has persistently disrupted oil production
Unrest in Libya has caused major oil production disruptions in the country, causing ripples in the world oil markets as Libya is a major crude oil exporter.
Must-know: Oil prices have reacted to Libyan supply disruptions
Supply disruptions from Libya have the effect of increasing crude oil prices if other areas cannot increase oil output. Additionally, the WTI-Brent spread has been trading wider in recent weeks, at least in part due to disruptions in Libya.
Why is the breakeven price of crude oil so important?
Knowing the breakeven price of crude oil is important when trying to figure out what OPEC needs in order to regain market share.
US-Saudi Arabia market share rivalry: Its impact on oil prices
Fast-growing oil production in the United States has eaten into OPEC’s market share. This benefited oil companies worldwide but negatively impacted OPEC.
How the strengthening US dollar is impacting crude oil prices
The US dollar plays a major role in the price movements of commodities such as gold and crude oil. A strengthening US dollar is often seen as negative.
Must know: Geopolitical tensions impact oil prices
A glut in crude oil supply could mean that political tensions in the near term may not impact oil prices.
HES Stayed Above Its 50-Day Average ahead of Its Earnings Release
On January 28, Hess Corporation (HES) stock closed 2.5% above its 50-day moving average.
The Top Five Losses in the Energy Space Last Week
Between January 11 and January 18, upstream stock Laredo Petroleum (LPI) fell the most among our set of selected energy stocks.
Laredo Petroleum: Top Underperformer in the Upstream Space
On January 11–18, Laredo Petroleum fell the most on our list of upstream energy stocks from XOP.
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.
Analyzing Marathon Oil’s Dividend and Dividend Yield
MRO paid its last dividend on June 11. The dividend, which was its dividend payment for Q2 2018, was $0.05 per share on its common stock.
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.
Analyzing ConocoPhillips’s Dividend and Dividend Yield
On July 11, ConocoPhillips (COP) announced a dividend of $0.285 per share on its common stock.
Will Devon Energy’s Production Increase in Q2 2018?
For Q2 2018, Devon Energy (DVN) expects total production in a range of 524–549 Mboepd (thousand barrels of oil equivalent per day).
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.
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.
Weakest Upstream Stocks This Week: KOS, OAS, MRO, WLL, and MUR
This week, Kosmos Energy (KOS) has fallen ~6.9% from $8.45 to $7.87. On June 26, KOS closed the day with a loss of ~2.6%.
Understanding Occidental’s Correlation with Crude Oil Prices
In this article, we’ll try to quantify any correlation between OXY and crude oil prices.
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.
How ConocoPhillips Stock Reacted to Rising Crude Oil Prices Last Week?
For the week ending June 22, crude oil (USO) prices increased strongly from $65.06 per barrel to $68.58 per barrel, a rise of more than 5.4%.
ConocoPhillips’s Stock Underperformed Crude Oil Prices Last Week
As we saw in the previous part of this series, ConocoPhillips’s (COP) stock price was down ~6%. Crude oil (SCO) fell more than 1%. So, it’s clear that COP’s stock price underperformed crude oil prices.
Tight Oil Contribution to Rise to 70%: Key Permian Basin Driver
In its “Annual Energy Outlook 2018,” the US Energy Information Administration (EIA) has forecast that US tight oil production will mostly increase through early 2040.
Where ConocoPhillips’s Stock Could Settle This Week
ConocoPhillips’s implied volatility As of March 9, 2018, ConocoPhillips (COP) had implied volatility of ~22.8%, higher than its implied volatility of ~21.0% on December 29, 2017. In the last five trading sessions, COP’s implied volatility has decreased from ~26.9% to ~22.8%, due to its price rising ~2%. COP’s price range forecast Based on ConocoPhillips’s implied volatility […]
Southwestern Energy Reported Higher Production in 4Q17
Sequentially, Southwestern Energy’s 4Q17 production is ~3% higher compared to its production of 232 Bcfe in 3Q17.
Crude Oil Prices Rise: Will It Impact Coal Miners?
On December 21, 2017, the price of Brent crude oil was $64.90 per barrel—up 2.6% from $63.23 per barrel recorded on December 15.
Will the Marginal Drop in Crude Oil Prices Hit Coal Miners?
On December 15, Brent crude oil settled at $63.23 per barrel—0.3% below the $63.40 per barrel reported on December 8.
Are Coal Miners Impacted by a Fall in Crude Oil Prices?
On December 8, 2017, the price of WTI crude oil was $57.36 per barrel. This price was nearly 2.0% below the price of $58.36 per barrel when the market closed on December 1.
How Wall Street Analysts Have Changed Their Targets for Marathon Oil
In the last one-month period, Marathon Oil stock’s median target price has increased from $17.00 to $17.25.
Are Coal Miners Impacted by Volatility in Crude Oil Prices?
On December 1, 2017, the price of WTI crude oil was $58.36 per barrel. That was 1% below $58.95 per barrel when the market closed on November 24, 2017.