|Bid||7.10 x 4000|
|Ask||0.00 x 800|
|Day's range||6.95 - 7.28|
|52-week range||1.81 - 8.92|
|PE ratio (TTM)||12.27|
|Earnings date||1 Aug 2018 - 6 Aug 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||6.42|
Warren Buffett explains why Berkshire Hathaway decided that it wanted to own less than 10% of Phillips 66, Wells Fargo, American Airlines, and most other companies it invests in.
Oil prices fell more than $2 a barrel Friday after two of the world's biggest producers indicated they might increase output at next week's OPEC meeting, while U.S. exports were threatened by potential Chinese tariffs on crude oil and refined products. Oil investors have been nervous ahead of the coming OPEC summit in Vienna.
Oil prices fell on Friday as concerns about surging U.S. output and falling demand in China weighed on the contract and JP Morgan cut its price forecast. Brent crude futures settled down 86 cents, or 1.1 percent, at $76.46 a barrel. U.S. West Texas Intermediate (WTI) crude futures ended 21 cents lower at $65.74 a barrel.
Global benchmark Brent crude surged nearly $2 a barrel on Thursday, lifted by concern about a steep drop in exports from Venezuela and worries OPEC may not raise production at its meeting this month. Brent crude futures settled up $1.96 a barrel, or 2.6 percent at $77.32. U.S. West Texas Intermediate (WTI) crude rose $1.22, or 1.88 percent to $65.95 a barrel.
Oil prices retreated on Friday, after the dollar rose on better-than-expected U.S. employment data, which pressured greenback-denominated commodities, including crude. U.S. West Texas Intermediate (WTI) crude futures fell $1.23 a barrel to settle at $65.81 a barrel. Global benchmark Brent fell 77 cents to $76.79 a barrel.
U.S. oil fell nearly 2 percent on Thursday, despite a larger-than-expected decline in U.S. crude inventories, while global benchmark Brent was little changed, pushing the spread between the two to its widest in more than three years. U.S. crude stockpiles fell 3.6 million barrels last week, the Energy Information Administration said, exceeding expectations for a decline of 525,000 barrels. Gasoline and diesel stocks rose, but the crude drawdown was a salve for recent losses in U.S. futures.
To conclude our overview of the biggest movers in the upstream and oilfield services sector, we’ll discuss Wall Street analysts’ recommendations for the companies with the strongest gains in 2018. The median price target for WTI is $6.00, which is ~28% lower than the May 22 closing price of $8.34. As of May 22, Reuters reported seven analysts having recommendations on California Resources (CRC).
In 2018, W&T Offshore (WTI) is turning out to be the best-performing energy stock from the oil and gas production—or upstream—sector in the US. W&T Offshore is an offshore oil and gas production company with a primary focus on the Gulf of Mexico in the US. Year-to-date in 2018, WTI increased from its 2017 close of $3.31 to $8.34, a big increase of ~152%.
In Q1 2018, 12 hedge funds bought W&T Offshore (WTI) stock, and 23 hedge funds sold WTI stock. Thus, in Q1 2018, total selling hedge funds outnumbered total buying hedge funds by 11. As of March 31, 31 hedge funds held WTI in their portfolio. Out of these, only one hedge fund has WTI in its top ten holdings.
Oil pipeline bottleneck and labor shortage compel ConocoPhillips (COP) to give more importance to Eagle Ford shale play than crowded Permian.
The volume of U.S. crude oil arriving in Asia is expected to hit a new high in July as Asian refiners sought arbitrage supplies to replace Middle Eastern crude after prices for Gulf grades rose, traders said on Wednesday. U.S. crude arriving in Asia hit an all-time high of close to 25 million barrels in May with cargoes discharging in China, South Korea, Singapore, India and Malaysia, according to trade flows data on Eikon.
Since nearly 60% of Bonanza Creek's (BCEI) production comprises oil, the favorable crude pricing environment is highly favorable for the firm.
Ensco (ESV) has the capability to conduct drilling of Colter and Wick wells safely and outperform its customer Corallian Energy's expectations.
The Zacks Analyst Blog Highlights: Turtle Beach, W&T Offshore, Profire Energy, Axon Enterprise and Tenet Healthcare
Oil prices rose for the fourth straight day on Monday to hit levels not seen since late 2014, boosted by the latest trouble for Venezuelan oil company PDVSA and the possibility that the United States could re-impose sanctions on Iran. U.S. West Texas Intermediate (WTI) crude futures rose $1.01, or 1.5 percent, to settle at $70.73 a barrel. Brent crude futures jumped $1.30, or 1.7 percent, to settle at $76.17 a barrel.
The Houston-based company said it had profit of 19 cents per share. The independent oil and gas company posted revenue of $134.2 million in the period. W&T shares have more than doubled since the beginning ...