The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 51 billion cubic feet for the week ending July 6.
Analysts were expecting a storage injection of around 56 billion cubic feet. The five-year average for the week is an injection of 77 billion cubic feet, and last year’s storage increase for the week totaled 59 billion cubic feet. Natural gas inventories rose by 78 billion cubic feet in the week ending June 29.
Natural gas futures for August delivery traded down about 0.4% in advance of the EIA’s report, at around $2.82 per million BTUs, and slipped about half a cent shortly after the report was released.
For the period between July 12 and July 18, NatGasWeather.com once again predicts “high” demand and offers the following outlook:
Hot high pressure will dominate most of the country into the weekend with highs of upper 80s to 100s, hottest from California, to Texas. However, a weak cool front lingers across the Ohio Valley and northeastern US, easing national demand slightly for today. Hot high pressure will return to dominate most of the country this weekend into early next week with widespread highs of 90s to 100s for strong demand. Stronger cooling will follow across the northern US late next week easing HIGH demand to MODERATE.
Top 10 Energy Stocks To Buy For 2019: CVR Energy Inc.(CVI)
Advisors' Opinion:- [By Stephan Byrd]
CVR Energy Inc. (NYSE:CVI) shares hit a new 52-week high and low during mid-day trading on Monday . The stock traded as low as $39.74 and last traded at $39.69, with a volume of 566335 shares traded. The stock had previously closed at $36.81.
- [By Stephan Byrd]
CVR Energy Inc. (NYSE:CVI) reached a new 52-week high and low during trading on Wednesday . The stock traded as low as $41.88 and last traded at $41.81, with a volume of 8024 shares trading hands. The stock had previously closed at $41.64.
- [By Maxx Chatsko]
Shares of CVR Energy (NYSE:CVI) dropped over 12% today after the holding company announced an interesting stock exchange offer for unitholders of its subsidiary, CVR Refining (NYSE:CVRR). The transaction will allow for up to 37.1 million units of the refiner to be exchanged for up to 23.5 million shares of the parent company, or at a 0.6335-to-1 ratio.
- [By Max Byerly]
Phillips 66 (NYSE: CVI) and CVR Energy (NYSE:CVI) are both oils/energy companies, but which is the superior stock? We will compare the two companies based on the strength of their earnings, risk, profitability, valuation, analyst recommendations, dividends and institutional ownership.
Top 10 Energy Stocks To Buy For 2019: Suncor Energy Inc.(SU)
Advisors' Opinion:- [By Reuben Gregg Brewer]
The shares of China Petroleum & Chemical (NYSE:SNP), also known as Sinopec, rose 18% in January, according to data provided by S&P Global Market Intelligence. Not far behind were Canadian oil companies Vermilion Energy (NYSE:VET), with a global asset portfolio, and Suncor Energy (NYSE:SU), a Canadian oil sands specialist, with gains of 16% and 15%, respectively. U.S. based Noble Energy (NYSE:NBL), however, led this international quartet with a 19% leap. Noble's portfolio is global, but it has a material position in the U.S. onshore drilling space.
- [By Ethan Ryder]
Shares of Schneider Electric SE (EPA:SU) have earned a consensus recommendation of “Buy” from the fifteen analysts that are presently covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is €81.00 ($94.19).
- [By Max Byerly]
Suncor Energy (TSE:SU) (NYSE:SU) had its price target upped by Raymond James from C$60.00 to C$61.00 in a research report report published on Tuesday.
- [By Tyler Crowe, Reuben Gregg Brewer, and Travis Hoium]
Clearly, investors should be at least looking at stocks in this industry, so we asked three of our investing contributors to each highlight a great company in the industry to help you get started. Here's why they picked Baker Hughes, a GE Company (NYSE:BHGE), Suncor Energy (NYSE:SU), and Total (NYSE:TOT).
- [By Stephan Byrd]
Suncor Energy (TSE:SU) (NYSE:SU) had its price target lifted by TD Securities from C$57.00 to C$58.00 in a report published on Friday. TD Securities currently has a buy rating on the stock.
- [By Tyler Crowe]
Even though Canadian oil giant Suncor Energy (NYSE:SU) has been a cash-generating machine for its investors in recent quarters, the company continues to struggle with one of its premier assets: Syncrude. The oil-sands mining and upgrading facilities for this massive project in Alberta have been shut down or not running at full capacity several times over the past few years, and it is keeping Suncor from realizing its full potential.
Top 10 Energy Stocks To Buy For 2019: EMCORE Corporation(EMKR)
Advisors' Opinion:- [By Max Byerly]
News stories about EMCORE (NASDAQ:EMKR) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. EMCORE earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 45.6118508960632 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
- [By Logan Wallace]
News articles about EMCORE (NASDAQ:EMKR) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. EMCORE earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave media coverage about the semiconductor company an impact score of 46.9972095148836 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
- [By Ethan Ryder]
EMCORE Co. (NASDAQ:EMKR) traded up 8% during mid-day trading on Monday . The stock traded as high as $5.10 and last traded at $5.26. 11,341 shares changed hands during trading, a decline of 95% from the average session volume of 216,974 shares. The stock had previously closed at $4.87.
Top 10 Energy Stocks To Buy For 2019: Occidental Petroleum Corporation(OXY)
Advisors' Opinion:- [By Chris Lange]
Occidental Petroleum Corp.'s (NYSE: OXY) short interest decreased to 8.60 million shares from the previous reading of 8.98 million. Shares recently traded at $83.69, in a 52-week range of $57.84 to $87.67.
- [By Chris Lange]
Occidental Petroleum Corp.'s (NYSE: OXY) short interest increased to 10.74 million shares from the previous reading of 9.91 million. Shares recently traded at $76.60, in a 52-week range of $57.20 to $78.09.
- [By Shane Hupp]
Redwood Investments LLC bought a new position in shares of Occidental Petroleum Co. (NYSE:OXY) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 80,917 shares of the oil and gas producer’s stock, valued at approximately $6,771,000.
- [By Stephan Byrd]
Oxycoin (CURRENCY:OXY) traded up 4.4% against the US dollar during the one day period ending at 23:00 PM Eastern on September 14th. One Oxycoin coin can currently be purchased for approximately $0.0313 or 0.00000482 BTC on exchanges including Livecoin, Cryptopia and Bit-Z. During the last week, Oxycoin has traded 9.1% higher against the US dollar. Oxycoin has a market cap of $3.50 million and $1,974.00 worth of Oxycoin was traded on exchanges in the last 24 hours.
- [By Joseph Griffin]
Shares of Occidental Petroleum Co. (NYSE:OXY) have been given an average rating of “Buy” by the twenty-one ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $84.58.
Top 10 Energy Stocks To Buy For 2019: Baytex Energy Corp(BTE)
Advisors' Opinion:- [By Shane Hupp]
Baytex Energy (NYSE: BTE) and Diamond Offshore Drilling (NYSE:DO) are both oils/energy companies, but which is the superior business? We will compare the two businesses based on the strength of their profitability, dividends, institutional ownership, analyst recommendations, valuation, earnings and risk.
- [By Ethan Ryder]
Get a free copy of the Zacks research report on Baytex Energy (BTE)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Logan Wallace]
Shares of Baytex Energy Corp (NYSE:BTE) (TSE:BTE) have been assigned a consensus rating of “Buy” from the twelve ratings firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $4.00.
Top 10 Energy Stocks To Buy For 2019: China Petroleum & Chemical Corporation(SNP)
Advisors' Opinion:- [By Todd Campbell]
The following table highlights the 10 biggest energy companies by market capitalization. Some of these companies operate upstream, midstream, and downstream businesses, but all of them derive the majority of their revenue from upstream operations.
Rank Company Market Cap 1 ExxonMobil $348 billion 2 Royal Dutch Shell (NYSE:RDS-A)(NYSE:RDS-B) $286 billion 3 Chevron (NYSE:CVX) $223 billion 4 Petrochina Co. Ltd. (NYSE:PTR) $218 billion 5 Total SA (NYSE:TOT) $163 billion 6 BP Plc (NYSE:BP) $143 billion 7 China Petroleum (NYSE:SNP) $107 billion 8 Equinor ASA (NYSE:EQNR) $89 billion 9 ConocoPhillips (NYSE:COP) $84 billion 10 Schlumberger Ltd. (NYSE:SLB) $84 billionData source: Yahoo! Finance on Sept. 13, 2018.
- [By Reuben Gregg Brewer]
The shares of China Petroleum & Chemical (NYSE:SNP), also known as Sinopec, rose 18% in January, according to data provided by S&P Global Market Intelligence. Not far behind were Canadian oil companies Vermilion Energy (NYSE:VET), with a global asset portfolio, and Suncor Energy (NYSE:SU), a Canadian oil sands specialist, with gains of 16% and 15%, respectively. U.S. based Noble Energy (NYSE:NBL), however, led this international quartet with a 19% leap. Noble's portfolio is global, but it has a material position in the U.S. onshore drilling space.
- [By Max Byerly]
News headlines about Sinopec (NYSE:SNP) have been trending somewhat positive on Saturday, Accern reports. Accern identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sinopec earned a coverage optimism score of 0.23 on Accern’s scale. Accern also gave headlines about the oil and gas company an impact score of 45.9265677546286 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Top 10 Energy Stocks To Buy For 2019: Resolute Energy Corporation(REN )
Advisors' Opinion:- [By Logan Wallace]
Republic Protocol (CURRENCY:REN) traded up 8.3% against the dollar during the twenty-four hour period ending at 21:00 PM ET on September 4th. One Republic Protocol token can now be bought for $0.0353 or 0.00000479 BTC on major exchanges including IDEX, BitForex, DDEX and HADAX. Republic Protocol has a total market capitalization of $20.61 million and $455,859.00 worth of Republic Protocol was traded on exchanges in the last day. During the last seven days, Republic Protocol has traded up 43.1% against the dollar.
- [By Shane Hupp]
Republic Protocol (CURRENCY:REN) traded 8.6% lower against the dollar during the 1-day period ending at 12:00 PM E.T. on June 13th. Republic Protocol has a total market capitalization of $39.37 million and $1.56 million worth of Republic Protocol was traded on exchanges in the last 24 hours. Over the last week, Republic Protocol has traded 22.7% lower against the dollar. One Republic Protocol token can now be purchased for $0.0757 or 0.00001210 BTC on popular exchanges including Cobinhood, IDEX, DDEX and Liqui.
- [By Max Byerly]
Get a free copy of the Zacks research report on Resolute Energy (REN)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 10 Energy Stocks To Buy For 2019: Southwestern Energy Company(SWN)
Advisors' Opinion:- [By Logan Wallace]
Southwestern Energy (NYSE:SWN) had its price objective upped by analysts at Macquarie from $5.00 to $5.75 in a report released on Thursday. The brokerage presently has a “neutral” rating on the energy company’s stock. Macquarie’s target price indicates a potential upside of 19.05% from the stock’s current price.
- [By Max Byerly]
Southwestern Energy (NYSE: SWN) and WPX Energy (NYSE:WPX) are both mid-cap oils/energy companies, but which is the superior investment? We will contrast the two companies based on the strength of their valuation, earnings, analyst recommendations, dividends, risk, profitability and institutional ownership.
- [By Paul Ausick]
Southwestern Energy Co. (NYSE: SWN) fell about 6% Friday to post a new 52-week low of $3.42 after closing at $3.64 on Thursday. The 52-week high is $90.15. Volume of about 35 million was around 50% above the daily average. The company had no specific news.
Top 10 Energy Stocks To Buy For 2019: Patterson-UTI Energy, Inc.(PTEN)
Advisors' Opinion:- [By Lee Jackson]
This company remains a top oil services pick across Wall Street. Patterson-UTI Energy Inc. (NASDAQ: PTEN) is the second largest land driller in North America and a large pressure pumping provider. Its operations are particularly focused in the Marcellus and in Texas.
- [By Shane Hupp]
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) – Analysts at Jefferies Financial Group issued their Q1 2019 EPS estimates for shares of Patterson-UTI Energy in a research report issued on Wednesday, October 3rd. Jefferies Financial Group analyst B. Handler forecasts that the oil and gas company will post earnings per share of ($0.13) for the quarter. Jefferies Financial Group has a “Buy” rating and a $22.00 price target on the stock. Jefferies Financial Group also issued estimates for Patterson-UTI Energy’s Q2 2019 earnings at ($0.03) EPS, Q3 2019 earnings at $0.08 EPS and Q4 2019 earnings at $0.13 EPS.
- [By Joseph Griffin]
Get a free copy of the Zacks research report on Patterson-UTI Energy (PTEN)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Joseph Griffin]
Get a free copy of the Zacks research report on Patterson-UTI Energy (PTEN)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Max Byerly]
Get a free copy of the Zacks research report on Patterson-UTI Energy (PTEN)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Stephan Byrd]
Thrivent Financial for Lutherans increased its stake in Patterson-UTI (NASDAQ:PTEN) by 31.8% during the 1st quarter, Holdings Channel reports. The firm owned 3,073,057 shares of the oil and gas company’s stock after purchasing an additional 741,573 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Patterson-UTI were worth $53,810,000 at the end of the most recent reporting period.
Top 10 Energy Stocks To Buy For 2019: Northgate Minerals Corporation(NXG)
Advisors' Opinion:- [By Shane Hupp]
Shares of NEX Group PLC (LON:NXG) have been given an average rating of “Hold” by the nine ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is GBX 696 ($9.21).
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