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Tag: Apache

  • Oil and Gas Stocks to Look Into

    The oil and gas industry consists of different companies which are involved in the exploration, transportation, extraction, and refining, of gas and oil products. These companies also include other services such as well maintenance and drilling. The past couple of years have been hard on the energy sector and the pandemic has only served to make the situation worse. Small companies have suffered more than the bigger companies and are deeply shale indebted. But the past few months have been an exercise in the companies trying to recover.

    Renewable Energy Group Inc (NASDAQ: REGI)

    Renewable Energy Group (REGI) ‎company is a biodiesel production company which creates biodiesel and renewable diesel with the help of it 13 bio refineries and a processing facility. It uses biomass feed stocks for manufacturing renewable diesel and biodiesel, such as cooking oils, animal fats, and distilled corn oil. The stock has seen a profitable time during the pandemic with its stocks having gone 100 per cent up in the last six months and a total of 215 per cent up over the previous year due to its consistent performance even since the outbreak of the virus.

    According to the recent earnings call, the small-cap company sold 176 million gallons of renewable diesel and biodiesel in the recent quarter with a revenue of $576.05 million, which was $21.5 million higher than the estimated consensus by Wall Street.

    Phillips 66 (NYSE: PSX)

    Phillips 66 (PSX)‎ is one of the lowest cost producers in the oil and gas industry and this is due to its large-scale operations. It is amongst the top refining companies and it has operations in both Europe and the United States. Its talents lie in manufacturing specialty goods such as lubricants and business distribution of refined products. It also has significant stakes in two of the limited master partnerships, DCP Midstream and Phillips 66 Partners, and also in chemicals through its joint venture with Chevron on CPChem.

    While the year has been difficult for Phillips 66 with the demand for refined products lowering this year affecting its performance, Phillips 66 still remains an attractive stock to invest in asit has a reduced share price right now and the 7.7 per cent dividend yield this year. And with the world reopening next year, the stock prices are expected to improve as the demand for refined products will be higher. Phillips 66’s financial profile has also been strong with its investment grade balance sheet and financially flexible situation.

    Apache Corporation (NASDAQ: APA)

    Apache Corporation (APA)‎ is a Houston based company which is a major player in the Permian Basin with its high technology and impressive discoveries. Most recently, Apache Corp discovered the Kwaskwasi-1 well which contains 912 feet of net oil and unstable oil/gas condensate pay. This year, Apache Corp was one of the first companies to initiate deep spending cuts after the crash of oil prices in March and it lowered its 2020 capex from $1.6-$1.9 billion to $1-$1.2 billion and also managed to lower its dividend by 90 per cent, from $0.25 per share to $0.025 per share.

    The company also stated that it would utilize excess cash to pay down its debt and also keep a positive cash flow as until the WTI prices continued to stay more than $30 per barrel. This appears to satisfy its investors as the shares of Apache Corp went up by almost 70 per cent in the last month.

  • 15 Hot Stocks for Friday in Oil & Gas Industry

    Oil in London has risen above $50 a barrel for the first time since the pandemic brought the global economy to a halt in a remarkable rally that few predicted would soon happen.
    International index futures rose 2.8% on Thursday to a nine-month peak. The revival is a startling reversal for a business brought to a halt earlier this year by an unforeseen lack of demand. With places to hold surplus oil drying out, OPEC and its allies worked together to stagnate outflows and balance prices as the world searched for a vaccine.
    Last month’s reports by Pfizer Inc. and others that effective vaccinations will be carried out by spring enhanced the global demand forecast. In the wake of strong purchases by China’s private refiners, Asia appears to lead the physical demand turnaround. The U.S. dollar also declined, which boosted the appeal for currency-priced commodities and helped thrust Brent over $50.

    Marathon Oil Corporation (NYSE:MRO) shares were trading up 2.10% at $7.30 at the time of writing on Thursday.

    Marathon Oil Corporation (NYSE:MRO) share price went from a low point around $3.02 to briefly over $14.07 in past 52 weeks, though shares have since pulled back to $7.30. MRO market cap has remained high, hitting $5.21B at the time of writing, giving it price-to-sales ratio of more than 1.

    If we look at the recent analyst rating MRO, Tudor Pickering upgraded coverage on MRO shares with a Buy rating and a $6.76 price target, which implies room for -0.54% downside momentum this year.

    Exxon Mobil Corporation (XOM) last closed at $44.01, in a 52-week range of $30.11 to $71.37. The firm reported on December 1, 2020, that it has completed a review of its forward business plans and will prioritize near-term capital spending on advantaged assets with the highest potential future value. Analysts have a consensus price target of $43.77.

    PetroleoBrasileiro S.A. – Petrobras (PBR) stock soar by 6.63% to $11.26. The most recent rating by Raymond James, on May 18, 2020, is at an Underperform.

    Kinder Morgan Inc. (NYSE:KMI) Shares headed rising, higher as much as 1.23%.The company recently declared its preliminary financial projections for 2021. The most recent rating by Wells Fargo, on November 30, 2020, is at an Equal weight.

    Energy Transfer LP (NYSE:ET) rose 5.08% after gaining more than $0.33 on Thursday.

    BP p.l.c. (BP) last closed at $22.41, in a 52-week range of $14.74 to $40.08. Analysts have a consensus price target of $28.19.

    Apache Corporation (APA) stock soar by 9.85% to $16.50. OnDecember 7, 2020, the board of directors of Apache Corporation (APA) has declared a regular cash dividend on the company’s common shares. The most recent rating by CapitalOne, on September 11, 2020, is at an Overweight.

    ConocoPhillips (NYSE:COP) Shares headed rising, higher as much as 3.04%. The firm recently reported exchange offers. The most recent rating by BofA Securities, on November 02, 2020, is at a Buy.

    Kosmos Energy Ltd. (NYSE:KOS) rose 20.81% after gaining more than $0.41 on Thursday after reporting that it has closed the transaction with B.V. Dordtsche Petroleum Maatschappij (“Shell”), to farm down interests in Suriname, Sao Tome & Principe and Namibia for approximately $95 million, plus future contingent payments of up to $100 million.

    Schlumberger Limited (SLB) last closed at $23.38, in a 52-week range of $11.87 to $41.14. Analysts have a consensus price target of $22.96.

    Enterprise Products Partners L.P. (EPD) stock soar by 3.39% to $21.37 following the declaration from the firm that it has become a member of The Alliance to End Plastic Waste, an international community of CEOs from across the plastic value chain who are committed to addressing the global plastic waste challenge.The most recent rating by Wolfe Research, on November 23, 2020, is at an Outperform.

    The Williams Companies Inc. (NYSE:WMB) Shares headed falling, lower as much as -1.79%. The firm recently revealed the appointment of Rose Robeson as an independent director on the Board. The most recent rating by Goldman, on October 15, 2020, is at a Neutral.

    Chevron Corporation (NYSE:CVX) rose 3.22% after gaining more than $2.91 on Thursday. On December 3, 2020, the company reported a 2021 organic capital and exploratory budget of $14 billion.

    Halliburton Company (HAL) last closed at $19.99, in a 52-week range of $4.25 to $25.47. The firm on December 2, 2020 declared a partnership with Accenture (NYSE: ACN), to fast Halliburton’s digital supply chain transformation and support digitalization within the Company’s manufacturing function. Analysts have a consensus price target of $16.32.

    Range Resources Corporation (RRC) stock soar by 9.04% to $7.72. The most recent rating by Stephens, on November 16, 2020, is at an Overweight.