Legg Mason Small-Cap Quality Value ETF
Range Resources: A Look at Its Institutional Holdings
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.
Weakest E&P Stocks in the Week Ending August 31
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.
Weakest E&P Stocks for the Week Ending August 17
Alta Mesa Resources (AMR), which is primarily focused in the STACK region, was the weakest E&P company in the week ending August 17.
US Crude Oil Production Is Steady
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.
US Could Be the World’s Largest Crude Oil Producer by 2020
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.
US Dollar Index Fell from an 11-Month High
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.
Upstream Losses: HPR, CRC, XOG, SRCI, and DNR
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.
Can the US Dollar Index Help WTI Crude Oil Prices?
The US Dollar Index fell ~0.13% to 93.89, and July WTI oil futures rose ~1.2% on June 5.
CXO, SM, FANG, NBL, and SRCI’s Stock Performances
SRC Energy (SRCI) was clearly the outperformer among its peers. SRC Energy has risen 78% YoY (year-over-year).
Upstream Companies with the Highest Operating Margins
In the first quarter, Concho Resources (CXO) reported operating margins of ~108%—compared to 173% in the first quarter of 2017.
Largest Build in US Natural Gas Inventories since 2015
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.
Comparing Stock Performance: LPI, EQT, FANG, SRCI, and CXO
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, […]
These Upstream Companies Had the Widest Net Margins in 2017
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 […]
Centennial Resource Development Leads the Upstream Gainers
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.
How Did SRC Energy’s Stock Perform in 2017?
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.