Legg Mason Small-Cap Quality Value ETF

Range Resources (RRC) reported adjusted EPS of -$0.07 in the third quarter. Let’s talk about institutional investor activity in RRC in the quarter.

SandRidge Energy was the weakest E&P company in the week ending August 31. SandRidge Energy fell 4.5% last week amid weakness in natural gas prices.

Alta Mesa Resources (AMR), which is primarily focused in the STACK region, was the weakest E&P company in the week ending August 17.

The EIA estimates that the US crude oil output was steady at 11 MMbpd on July 13–20. The production was steady for the second consecutive week.

The EIA (U.S. Energy Information Administration) estimates that the US crude oil output was steady at 10,900,000 bpd on June 29–July 6.

The US Dollar Index fell ~0.38% to ~94.67 on July 3, while August WTI oil futures contracts rose 0.3% to $74.14 per barrel that same day.

As of June 13, HighPoint Resources (HPR) had fallen ~5.7% this week, to $6.28 from $6.66, pushing HPR below its 50-day moving average.

The US Dollar Index fell ~0.13% to 93.89, and July WTI oil futures rose ~1.2% on June 5.

SRC Energy (SRCI) was clearly the outperformer among its peers. SRC Energy has risen 78% YoY (year-over-year).

In the first quarter, Concho Resources (CXO) reported operating margins of ~108%—compared to 173% in the first quarter of 2017.

US natural gas inventories increased by 106 Bcf to 1,538 Bcf on May 4–11—the largest build in US natural gas inventories for this time of the year since 2015.

Stock performance In this part, we’ll compare Laredo Petroleum’s (LPI), EQT’s (EQT), Diamondback Energy’s (FANG), SRC Energy’s (SRCI), and Concho Resources’ (CXO) stock performance. As we saw in the previous part, these stocks reported the widest net profit margins in fiscal 2017. Outliers and underperformers Diamondback Energy (FANG) outperformed its peers, rising 27% YoY (year-over-year). Meanwhile, […]

Top five upstream companies based on net margins Let’s now look at the five upstream companies with the widest net profit margins in fiscal 2017. Profit margins are helpful in gauging a company’s profitability and operational efficiency. Profit margin growth shows that a company is increasing its operational efficiency and making more money on each unit […]

In the week starting January 29, Centennial Resource Development (CDEV) increased to $20.92 from last week’s close of $20.54 on January 26.

We’ll now look at SRC Energy’s (SRCI) stock performance in 2017 and compare it to the performance of the energy sector, the broader market, and crude and natural gas prices.