4.06 0.00 (0.00%)
After hours: 4:32PM EDT
|Bid||3.90 x 500|
|Ask||4.16 x 200|
|Day's range||4.02 - 4.18|
|52-week range||1.81 - 5.34|
|PE ratio (TTM)||7.32|
|Earnings date||1 May 2018 - 7 May 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||4.25|
The investor group and W&T Offshore agreed to initially commit $230.5 million for the joint exploration and development agreement and could increase commitments to $275.9 million.
A booming market has given rise to worries of high valuation. However, Energy is one sector that is still undervalued despite its strong fundamentals and excellent earnings history.
On a per-share basis, the Houston-based company said it had profit of 16 cents. Earnings, adjusted for non-recurring costs, were 17 cents per share. The independent oil and gas company posted revenue of ...
Oil fell for a third day on Tuesday as the U.S. dollar rose to its highest in more than a week in the wake of a sharp sell-off on Wall Street and other stock markets, a global rout that wiped out $4 trillion in value. The crude market remains in positive territory for the year thus far, even after Wall Street stocks on Monday posted their largest one-day fall since late 2011. Brent crude futures for April delivery settled down 76 cents, or 1.12 percent at $66.86 a barrel, after at touching a session low of $66.53, the lowest since Jan. 2.
Oil prices were trading lower on Monday as rising U.S. output, a weaker physical market and recent dollar strength added to the pressure from a widespread decline across equities and commodities markets. Brent crude futures were down $1.12, or 1.6 percent, at $67.46 a barrel at 2 p.m. EST (1900 GMT), while U.S. West Texas Intermediate (WTI) crude was $1.53, or 2.3 percent, lower at $63.92.
Oil fell for a third day on Wednesday, but remained on track for its biggest gain in January in five years, in spite of data that showed U.S. crude stocks rose more than expected last week and a broader selloff in other commodities, stocks and bonds. Brent crude, the global benchmark, was down 49 cents at $68.43 a barrel by 1015 GMT, after touching a two-week low earlier in the day. U.S. West Texas Intermediate (WTI) futures were down 39 cents at $64.11.
Brent crude futures for March delivery settled down 44 cents, or 0.6 percent, at $69.02 a barrel after touching a session low of $68.40. U.S. West Texas Intermediate futures fell $1.06, or 1.6 percent, to close at $64.50 a barrel.
Oil prices slipped 1.5 percent on Monday, pressured by a strengthening dollar and rising U.S. crude output, but prices remained on track for the biggest January increase in five years. Brent crude futures were down $1.05 at $69.45 a barrel at 11:26 EST (1626 GMT). U.S. West Texas Intermediate (WTI) crude futures were $1 lower at $65.14 a barrel.
Oil prices ended higher on Wednesday ahead of the release of U.S. government data that was expected to show a ninth straight weekly drawdown in crude inventories. Brent futures settled 23 cents higher ...
Brent crude oil shed some of its recent gains by falling just over $1 a barrel on Tuesday but healthy demand underpinned prices near $70, a level not seen since 2014's market slump. Prices have been driven up by oil production curbs in OPEC nations and Russia, as well as strong demand thanks to healthy economic growth. Brent futures fell by $1.08, or 1.54 percent, to $69.18 per barrel by 1108 GMT.
W&T Offshore, Inc.’s stock posted another double-digit rise this week and is up sharply since the start of the year.
Crude oil prices rose but backed away from three-year highs on Wednesday after U.S. government data showed an increase in fuel inventories and a falloff in refining activity. U.S. crude inventories fell 4.9 million barrels last week, more than the 3.9-million decline forecast, but bigger-than-expected builds in gasoline and fuel stocks offset that drawdown, the Energy Information Administration reported. "The lower draw in crude oil stocks, combined with the strong builds in product stocks is bearish news for prices.
The EIA estimated that US gasoline inventories increased by 4.8 MMbbls (million barrels) or 2.1% to 233.1 MMbbls on December 22–29, 2017.