Murphy Oil Corp
XLE Outperforms USO Last Week
The Energy Select Sector SPDR ETF (XLE) fell 0.66% in the week ended September 11. XLE tracks a diverse group of 45 of the largest American energy stocks in the S&P 500 Index (SPX).
Which Energy Stocks Are Impacted More by Crude Oil?
On September 12, WTI crude oil (UWTI) (USO) (OIIL) (USL) (SCO) (DWTI) active contracts closed at $46.29 per barrel—0.9% above the previous closing price.
The WTI-Brent crude oil discount narrows
The divergence between WTI and Brent narrowed last week, as a slowdown in Cushing offered a glimmer of hope, causing WTI to rise.
Murphy Oil’s 4Q15 Operational Performance, Management Strategies
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.
US Crude Oil above $65: Which Oil-Weighted Stocks Are Gaining?
Between January 17 and January 24, 2018, oil-weighted stocks rose 2.4%. Over this period, US crude oil March futures rose 2.6%.
Are Crude Oil and Natural Gas Stocks Finally Bottoming?
Looking back, 2015 was a brutal year for all of the commodities. Energy commodities weren’t an exception. Crude oil (USO) fell by ~30% in 2015.
How Does Devon Energy’s Relative Valuation Compare to Its Peers’?
Devon Energy (DVN) has a forward EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) ratio of ~13x.
Why was there a surprise in the EIA’s last crude inventory report?
On December 24, the US Energy Information Administration (or EIA) released its crude inventory report for the week ended December 19.
Oil-Weighted Stocks Outperformed US Crude Oil
On August 21–28, 2017, oil-weighted stocks fell 0.1% on average. During this period, US crude oil October futures fell 2%.
Crude oil supply and demand: Why the OPEC meeting matters
Now, given the supply and demand situation, were OPEC to leave production levels unchanged, crude oil prices would fall further. This would be bearish for energy companies.
Southwestern Energy Stock: Will Its Downtrend Reverse?
As of November 15, 2017, Southwestern Energy’s (SWN) short interest stood at ~41.70 million, while its average daily volume is ~6.13 million.
What Happened to ConocoPhillips Stock Last Week?
Last week (ended June 2, 2017), crude oil prices continued their weekly declining trend, falling from $49.80 per barrel to $47.66 per barrel.
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.
Crude Oil Inventories Drop Again: Good News for WTI
In its weekly Petroleum Status Report released on Thursday, the EIA announced a decrease of 2.8 MMbbls in crude oil inventories for the week ending May 22.
Murphy Oil: Analysts’ 4Q16 EBITDA Estimates
For 4Q16, Wall Street analysts expect Murphy Oil to report EBITDA of ~$261 million—compared to adjusted EBITDA of approximately -$122 million in 4Q15.
Crude Oil Inventory Drops Last Week, Lower than Expectations
According to the EIA’s June 24 report, crude oil inventory decreased 4.9 MMbbls for the June 19 week. Analysts were expecting a much smaller decrease of 2 MMbbls.
Crude Oil Market: Will Bullish Oil Traders Control 2017?
January WTI crude oil futures fell for the third straight day yesterday. Prices fell below the key psychological levels of $42 per barrel on November 30.
Marathon Oil Could Beat Its 3Q17 Earnings
In the last four quarters, Marathon Oil beat the consensus EPS estimate 75% of the time and met the consensus EPS estimate 25% of the time.
Analyzing Consol Energy’s Stock Movement ahead of Its 1Q16 Earnings
So far in 2016, Consol Energy (CNX) has been outperforming bigger upstream companies in the S&P 500 (SPY). CNX has risen by ~64%.
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.
The US Gulf of Mexico Rig Count Falls through the Cracks
The Gulf of Mexico rig count was down by 11 rigs compared to the previous week, with 35 rigs for the week ending March 20, 2015.
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.
Cobalt International’s Stock Price Forecast Using Implied Volatility
As of May 10, 2017, Cobalt (CIE) had an implied volatility of ~235.6%, which is ~119.9% above its 260-trading day historical price volatility of ~107.2%.
Murphy USA: Why Murphy Oil spun off its retail marketing business
Murphy USA, Inc. (MUSA): Historical financials, FY2012 versus FY2011 Marketing segment total revenues increased by $239.0 million in FY2012 to $19.0 billion compared to the FY2011 amount of $18.8 billion. Total fuel sales volumes per station averaged 277,001 gallons per month in 2012, down 0.3% from the prior year amounts. Within operating revenues, merchandise sales increased […]
A Dovish Federal Reserve and US Equity Mutual Funds
The Federal Reserve has toned down its expectations of US economic growth in 2016, given the state of the global economy. It remains quite confident on the domestic front, though, as projections for the unemployment rate have been reduced.
Southwestern Energy: Wall Street’s Pre-Earnings Ratings
As of February 21, 2018, Reuters counts 32 analysts with recommendations on Southwestern Energy (SWN).
Crude Oil Prices Change Marginally: Led by China’s Imports
NYMEX-traded June WTI crude oil futures gained slightly by 0.76% and settled at $59.39 per barrel on May 8, 2015. Crude oil prices changed marginally.
Crude Oil Prices Decline Again, Led by Cushing Stockpiles
On July 16, crude oil rices declined for the second day in a row, led by a strong dollar and oversupply concerns.
Occidental Petroleum: Analysts’ Ratings after 4Q17
The median target price on Occidental Petroleum stock is $78.50, which is ~12% higher than its closing price of $69.85 on February 14.
Why less-than-expected crude inventory increased
On October 29, the U.S. Energy Information Administration (or EIA) released inventory data for the week ending October 24. Inventories increased less than analysts expected.
Production Mix and Realized Prices: How Do Pioneer’s Compare?
In 4Q15, Pioneer Natural Resources’ production mix was ~53% crude oil, ~19% natural gas liquids, and ~28% natural gas.
US Dollar and Oversupply Weigh Heavily on WTI Crude Oil Prices
July WTI crude oil futures contracts trading in NYMEX slumped by 2.83% and settled at $58.03 per barrel on Tuesday, May 26, 2015. Crude oil prices plunged.
The Odds of Devon Energy Beating Its 1Q18 Earnings Estimates
In the last four quarters, DVN beat the consensus EPS estimate 75.0% of the time and missed the consensus EPS estimate 25.0% of the time.
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.
Key Energy Events for the Week Ending November 9
On November 8, the Fed might announce important changes to key interest rates, which would be important for the US dollar.
Why WTI oil prices failed to recover despite some support
Despite development of factors that could have lended support to WTI oil prices, oil prices failed to recover and in fact were trading close to $86 on Thursday.
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.
Events that Could Impact Oil Prices This Week
Between July 20 and July 27, Murphy Oil (MUR), EQT (EQT), and Apache (APA) returned 2.0%, -10.5%, and 1.4%, respectively.
Fed Fear and Crude Oil: Identifying Stocks with a High Correlation
Last week, crude oil prices fell due to supply glut fears. On August 29, 2016, crude oil prices fell due to market expectations of a rate hike next month.
China’s Crude Oil Production: A Game Changer in 2016?
China’s crude oil production could fall by 3%–5% in 2016. The fall in China’s crude oil production would be substituted by the rise in China’s crude oil imports.
Doubts over OPEC’s Deal: Which Oil-Weighted Stocks to Consider?
On January 13, 2017, WTI (West Texas Intermediate) crude oil (USO) (OIIL) February contracts closed at $52.37 per barrel, ~1.2% lower than their previous closing price.
Crude Oil Prices Rally despite Chinese Slowdown Drama
NYMEX-traded WTI crude oil futures contracts for September delivery rose by 2.80% on August 25. Crude oil prices recovered despite oversupply concerns.
How These Oil-Weighted Stocks Correlate with Oil
On August 14, 2017, US crude oil (USO) (DBO) September futures fell 2.5% and closed at $47.59 per barrel.
Energy Sector: Analyzing Key Events This Week
The EIA is scheduled to release its oil and natural gas inventory data on March 27–28, which could be a short-term driver for oil and natural gas prices.
Analyzing Pioneer Natural Resources’ Stock Price ahead of 4Q15 Results
Over the past two months, Pioneer Natural Resources stock price has dropped by about 19%. But XOP has been down ~27% during same period.
US Crude Oil Prices Are Almost Flat on Slowing Demand from China
August WTI crude oil futures trading in NYMEX fell for the third day in a row. Prices fell slightly by 0.04% and closed at $50.89 per barrel on Friday, July 17.
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.
Murphy USA: Murphy’s business model stands out from competitors
Murphy USA, Inc. (MUSA): Differentiation Murphy differentiates itself from its competitors primarily through: Small-format offerings leading to higher sales per square foot (average footprint for comps is 3,000 square feet): MUSA sells roughly nine times the merchandise per years per square foot compared to comps ($4,744 versus $547). Volume-focused sales model: MUSA’s monthly fuel gallons sold […]
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.
Murphy USA: Why you should consider investing in Murphy USA
Murphy USA is a price leader compared to most gas stations and compensates by driving significantly more volume than comparable stores.
US Crude Oil Is above $50: Analyzing Oil Stocks
On July 31, 2017, US crude oil (USO) (DBO) (USL) September futures closed at $50.17 per barrel—0.9% above the last closing price.
What are Wall Street Analysts’ Ratings for Murphy Oil?
Currently, ~79% of Wall Street analysts rate Murphy Oil (MUR) as a “hold” and ~21% of analysts rate it as a “sell.” There is no “buy” rating on the stock.
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.
EIA Expects Liquid Fuels Production to Rise in 2015 and 2016
The EIA (Energy Information Administration) expects global petroleum and liquids production or total world supply to average 94.16 MMbbl/d in 2015.
What Are the Right Stocks for Crude Oil Bulls?
On October 3, 2016, WTI crude oil November contracts closed at $48.81 per barrel. The contracts were ~1.2% above the previous closing price.
Upstream Companies with the Lowest EBITDA Multiples
As of the first quarter, Sandridge Energy’s (SD) EV-to-adjusted EBITDA ratio was ~2.77x. The company has a market capitalization of $529.83 million.
These Oil-Weighted Stocks Could Fall if Oil Stalls
On January 31, 2018, US crude oil (USO) (DBO) March futures rose 0.4% and closed at $64.73 per barrel.
Oil-Weighted Stocks Could Be Impacted by Oil’s Fall
On April 4, 2018, US crude oil May futures fell 0.2% and closed at $63.37 per barrel. On March 28–April 4, 2018, US crude oil May futures fell 1.6%.
Institutional Investors’ Positions on Range Resources in 4Q17
Buyers and sellers In 4Q17, 223 funds bought Range Resources (RRC) stock, and 202 funds sold RRC stock, with buying funds outnumbering selling funds by 21. As of December 31, 2017, 420 13F filers held RRC in their portfolio, of which five had RRC in their top ten holdings. In 4Q17, RRC stock fell ~13%. However, in 4Q17, […]
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.
Japan and China Boost Crude Oil Prices
Crude oil prices surged on Monday—supported by rising demand from Asia and the US. The US Dollar Index appreciated against the major global currencies.
What Are the Odds of SWN Beating Its 4Q17 Earnings Estimates?
In the last four quarters, Southwestern Energy (SWN) has beaten the consensus EPS (earnings per share) estimate only once—in 1Q17.
Crude Oil Prices Advanced ahead of the EIA Report
NYMEX-traded June WTI crude oil futures increased by 0.88% and settled at $60.93 per barrel on May 6, 2015. Crude oil prices increased.
Crude Oil Prices Decline: Led by Strong Dollar and Profit-Booking
July WTI crude oil futures trading in NYMEX fell by 1.07% and closed at $60.77 per barrel on Thursday, June 10—due to profit-booking and the strong dollar.
US WTI Crude Oil Prices Rally despite Oversupply Concerns
August WTI crude oil futures trading in NYMEX rose by 1.95% and closed at $59.47 per barrel on Tuesday, June 30, 2015. Prices surged on the summer demand.
A Glance at Future Prospects for the Crude Oil Market
ETF Securities Outlook: Crude Oil OPEC’s decision to extend its production cuts through March 2018 was met with disappointment in markets. While this is a positive sign for the global crude market which continues to rebalance from a multi-year supply glut, expectations of continued US productions will remain in focus. There have been encouraging signs […]
Why These Events Matter for Your Energy Portfolio
Last week, US crude oil April futures rose 4.1%, while natural gas April futures rose 2.8%.
Crude Oil’s Glut: Oil-Weighted Stocks Could Bear the Brunt
On April 3, 2017, WTI crude oil (USO) (OIIL) (USL) (DBO) May futures closed at $50.24 per barrel, which was ~0.7% lower than the previous closing price.
US Crude Oil Is near a 3-Year High
On March 21, 2018, US crude oil May futures rose 2.6% and closed at $65.17 per barrel.
US Crude Oil Is at a 3-Year High
On April 18, 2018, US crude oil June futures rose 2.9% and closed at $68.47 per barrel—the highest closing level since December 2014.
US Oil Retreating from $50 Mark: Energy Stocks Could Take the Heat
On August 7, 2017, US crude oil (USO) (DBO) (USL) September futures closed at $49.39 per barrel, which was 0.40% below the previous closing price.
How Are Oil-Weighted Stocks Reacting to Crude Oil?
On November 14, 2016, the WTI crude oil December contracts closed at $43.32 per barrel. The contracts were ~0.2% lower than the previous closing price.
Is Stone Energy’s Free Cash Flow Trending in the Right Direction?
In 1Q17, Stone Energy’s (SGY) total operating revenue was ~$95 million, ~17% higher than it was in 1Q16.
Could Occidental Petroleum Beat Analysts’ 2Q17 Earnings Estimate?
Odds of beating earnings Occidental Petroleum (OXY) beat the consensus EPS (earnings per share) estimate in 1Q17, missed it in 3Q16 and 4Q16, and met it in 2Q16. How did OXY react to 1Q17 earnings results? Occidental Petroleum announced its 1Q17 earnings on May 4, 2017, before the market opened. Occidental Petroleum reported adjusted EPS of […]
How Murphy Oil’s Free Cash Flow Is Trending
In 3Q17, Murphy Oil (MUR) reported FCF (free cash flow) of -$47 million, which is lower when compared with MUR’s FCF of -$10 million in 3Q16.
Will Analysts’ 2Q16 Revenue Estimates for Murphy Oil Bear Out?
Murphy Oil (MUR) is set to report its 2Q16 earnings on July 27, 2016. For 2Q16, Wall Street analysts expect Murphy Oil to report revenues of ~$489 million, which is lower by ~34% when compared with 2Q15 revenues of ~$738 million.
How Is Wall Street Rating Murphy Oil after 3Q16 Earnings Release?
Currently, ~15.0% of Wall Street analysts rate Murphy Oil (MUR) a “buy,” and ~70.0% rate it a “hold.” About 15.0% rate the stock a “sell.”
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%.
W&T Offshore’s Production Fell to Two-Year Low in 4Q16
4Q16 production update On February 3, 2017, W&T Offshore (WTI) issued an update on its 4Q16 and 2016 production. According to the company’s press release, its 4Q16 production was 3.7 MMboe (million barrels of oil equivalent), which matched the midpoint of its production guidance range of 3.5 MMboe–3.9 MMboe. W&T Offshore’s 4Q16 production is ~10% […]
US Crude Oil Production Increases Again: WTI Is in Trouble
The EIA estimates that crude oil production increased by 20,000 bpd to 9.58 MMbpd in the week to May 29—following a triple-digit increase the week before.
How Occidental Petroleum Stock Has Reacted to Past Earnings
In the past four quarters, OXY has met the consensus EPS estimate 25% of the time and missed the consensus EPS estimate 75% of the time.
What to Expect from Murphy Oil’s 1Q16 Earnings
Murphy Oil (MUR) is set to report its 1Q16 earnings on May 4, 2016, after the market closes. For 1Q16, Wall Street analysts expect Murphy Oil to report an adjusted loss of $0.68 per share, compared with its 1Q15 loss of $1.11 per share.
Could EOG Resources Report a Loss in 1Q16, as Expected?
EOG Resources (EOG) is set to report its 1Q16 earnings on May 5, 2016, after the Market closes. For 1Q16, analysts expect EOG Resources to report an adjusted loss of $0.84 per share.
Crude Oil Inventories Suggest Bear Market May Extend beyond 2016
The EIA projects that global crude oil inventories could slow down to 1.4 MMbpd in 4Q15, and then fall to an average of around 0.6 MMbpd.
OPEC’s Meeting: Key Catalyst for Oil This Week
The EIA’s latest oil and natural gas inventory data are scheduled to be released on December 5–6, respectively.
What Murphy Oil’s Implied Volatility Means for Its Stock Price
As of July 29, 2016, Murphy Oil (MUR) had an implied volatility of ~47.9%, which is ~25.8% below its 260-day historical price volatility of ~64.5%.
Crude Oil Production Up, Imports Down in June 19 Week: What Next?
The EIA estimates crude oil production increased 15,000 bpd to 9.60 MMbpd in the June 19 week. That’s 14% higher than year-ago levels of 8.45 MMbpd.
What’s the Moving Average Convergence Divergence?
The Moving Average Convergence Divergence (or MACD) was developed by Gerald Appel in the 1970s. The MACD is the difference between two moving averages. The MACD consists of two lines.
Why the inverted head and shoulder pattern is formed
The inverted head and shoulder pattern is the reverse of the head and shoulder pattern. It’s formed at the bottom of the downtrend.
Support and resistance are key concepts in technical analysis
Support is the point where buying pressure is more than the selling pressure. Resistance is the point where selling pressure is more than the buying pressure.
Why inventories helped moderate another bearish week for US crude
Saudi Arabia’s U.S. market share has suffered recently, due to high domestic production levels. According to a preliminary report by the U.S. Energy Information Administration, U.S. crude oil imports from Saudi Arabia slipped to 609,000 barrels per day in the week ended October 3.
What peer analysis says about Southwestern Energy’s valuation
In terms of revenue and earnings growth over various time periods, SWN stands head and shoulders above its closest peers and the broad markets. It’s very likely that the company’s undervalued by the market—the victim of undeserved pessimism.
Why West Texas Intermediate crude oil prices continue to fall
After two consecutive weeks of bearish inventory reports, crude prices stabilized at levels close to $81 per barrel. Last week, crude prices fell to the lowest levels since 2012.
Are Institutional Investors Buying CNX Resources Stock?
In Q1 2018, 140 funds bought CNX Resources (CNX).
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.
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.
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.
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%.
Are Hedge Funds Buying Occidental Petroleum?
In this article, we’ll take a look at how hedge funds are positioning themselves in Occidental Petroleum (OXY) stock.
Understanding Occidental’s Correlation with Crude Oil Prices
In this article, we’ll try to quantify any correlation between OXY and crude oil prices.