If there’s one thing we know for sure, it’s that the oil and gas industry is continuously changing. The oil and Gas Industry is considered to be the largest industry in the world as the dependence of the world on oil and gases continuously increasing. Global economies continue to depend heavily on petroleum-based products. If we take a look at the big picture, it looks like we’re in a pretty healthy oil and gas economy at the moment.
The COVID-19 pandemic has heavily affected the oil and gas industry and with the increased demands, there are many challenges that are impacting the oil and gas and exploration and production industry. Oil demand is expected to increase by an average of 1.4% per year. Oil companies must invent new technologies to increase recovery from mature oil fields and deep offshore locations.
Let’s take a quick look at the top 20 leading companies in the oil and gas industry that are using new technologies:
Occidental Petroleum Corporation (NYSE: OXY)
Occidental Petroleum Corporation (NYSE: OXY) shares were trading down -7.95% at $10.19 at the time of writing on Thursday. Occidental Petroleum Corporation (NYSE: OXY) share price went from a low point around $9.00 to briefly over $48.85 in the past 52 weeks, though shares have since pulled back to $10.19. OXY market cap has remained high, hitting $9.74B at the time of writing, giving it a price-to-sales ratio of more than 0.
Occidental has announced the expiration and final results in Cash Tender Offers and consent solicitations for certain of its senior notes. If we look at the recent analyst rating OXY, MKM Partners upgraded coverage on OXY shares with a Buy rating and a $15.89 price target, which implies room for 5.7% upside momentum this year.
Centennial Resource Development Inc. (NASDAQ: CDEV)
Centennial Resource Development Inc. (NASDAQ: CDEV) stock drop by -10.43% to $0.52. The most recent rating by SunTrust, on April 29, 2020, is at a Hold. Centennial Resource Development Inc. (CDEV) has earlier disclosed that Sean R. Smith, Chief Executive Officer, has earlier participated at the Barclays CEO Energy-Power Conference to be held virtually on Wednesday, September 9, 2020. Centennial Resource Development Inc. has a market capitalization of $145.70 million at the time of writing.
Parsley Energy Inc. (NYSE: PE)
Parsley Energy Inc. (NYSE: PE) fall -5.68% after losing more than -$0.57 on Thursday. Parsley Energy Inc. (PE) has earlier shared its 2019 Corporate Responsibility Report. The report describes the commitment and approach of Parsely to governance, environmental stewardship, health and safety, talent attraction and retention, and community engagement. It has a total market capitalization of $3.90 billion at the time of writing.
ConocoPhillips (NYSE: COP)
ConocoPhillips (NYSE: COP) stock drop by -4.47% to $32.92. The most recent rating by Credit Suisse, on August 05, 2020, is at an Outperform. ConocoPhillips (COP) announced Tuesday that it has appointed Eric Mullins to the company’s board of directors. Mr. Mullins has spent his career in finance, most recently established Lime Rock Resources in 2005. Its market cap remained high, hitting, $35.44 billion at the time of writing.
Kosmos Energy Ltd. (NYSE: KOS)
Kosmos Energy Ltd. (NYSE: KOS) fall -9.32% after losing more than -$0.11 on Thursday. Kosmos Energy Ltd. (KOS)
has disclosed it has signed an agreement with B.V. Dordtsche Petroleum Maatschappij a wholly-owned subsidiary of Royal Dutch Shell PLC, to farm down interests in a portfolio of frontier exploration assets for approximately $100 million, plus future contingent payments of up to $100 million. It has a total market capitalization of $473.19 million at the time of writing.
Northern Oil and Gas Inc. (AMEX: NOG)
Northern Oil and Gas Inc. (AMEX: NOG) Shares headed falling, lower as much as -7.87% after Northern Oil and Gas, Inc. announces the first acquisition in the Delaware Basin, Operations Update. Northern has acquired non-operated interests in the Delaware Basin from an undisclosed seller consisting of approximately 66 net acres, on which 1.1 initial net wells have been proposed. The most recent rating by ROTH Capital, on August 27, 2020, is at a Buy. Northern Oil and Gas Inc. (AMEX: NOG) has a market cap of $228.10 million at the time of writing.
Ovintiv Inc. (NYSE: OVV)
Ovintiv Inc. (NYSE: OVV) Shares headed falling, lower as much as -7.95%. The most recent rating by Credit Suisse, on August 05, 2020, is at a Neutral. Ovintiv Inc. (OVV) earlier disclosed that its unit, Ovintiv Canada ULC, has concluded an agreement with PetroChina Canada Ltd. (PCC) to terminate the parties’ joint venture and transfer the ownership and operation of certain shale assets in west-central.
Marathon Oil Corporation (NYSE: MRO)
Marathon Oil Corporation (NYSE: MRO) last closed at $4.36, in a 52-week range of $3.02 to $14.39. Analysts have a consensus price target of $7.61. Marathon Oil Corporation’s market cap has remained high, hitting $3.48 billion at the time of writing.
Noble Energy Inc. (NASDAQ: NBL)
Noble Energy Inc. (NASDAQ: NBL) stock drop by -2.94% to $9.24. The most recent rating by Citigroup, on August 31, 2020, is at a Neutral. In the past 52-weeks of trading, Noble Energy Inc. (NBL) stock fluctuated between the low range of $2.73 and a high of $27.31. It has traded up 238.46% from its 52-weeks low and moved down -66.17% from its 52-weeks high. It has a market capitalization of $4.49 billion at the time of writing.
Murphy Oil Corporation (NYSE: MUR)
Murphy Oil Corporation (NYSE: MUR) Shares headed falling, lower as much as -9.89%. The most recent rating by Truist, on September 01, 2020, is at a Buy. Murphy Oil Corporation (MUR) share price went from a low point around $4.50 to briefly over $28.12 in the past 52 weeks, though shares have since pulled back to $10.02. Murphy Oil Corporation’s market cap has remained high, hitting $1.56 billion at the time of writing.
Oasis Petroleum Inc. (NASDAQ: OAS)
Oasis Petroleum Inc. (NASDAQ: OAS) fall -10.46% after losing more than -$0.05 on Thursday. Oasis Petroleum Inc. (OAS) has a 52-weeks low range of $0.24 and a high range of $4.87. Oasis Petroleum has traded up 70.79% from its 52-weeks low and traded down -91.58% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 1.20. Oasis Petroleum Inc. has a total market capitalization of $133.95 million.
Southwestern Energy Company (NYSE: SWN)
Southwestern Energy Company (NYSE: SWN) last closed at $2.41. Analysts have a consensus price target of $3.38. Southwestern Energy Company (SWN) share price went from a low point around $1.06 to briefly over $3.90 in the past 52 weeks, though shares have since pulled back to $2.41. Southwestern Energy Company market cap has remained high, hitting $1.43 billion at the time of writing.
Devon Energy Corporation (NYSE: DVN)
Devon Energy Corporation (NYSE: DVN) Shares headed falling, lower as much as -7.41%. The most recent rating by CapitalOne, on August 26, 2020, is at an Overweight. Devon Energy Corporation (DVN) has a 52-weeks low range of $4.60 and a high range of $27.82. Devon Energy Corporation has traded up 92.73% from its 52-weeks low and traded down -68.12% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 2.30. Devon Energy Corporation has a total market capitalization of $3.37 billion.
Antero Resources Corporation (NYSE: AR)
Antero Resources Corporation (NYSE: AR) last closed at $2.65, in a 52-week range of $0.64 to $4.64. Analysts have a consensus price target of $4.04. If we look at the profitability of Antero Resources Corporation (AR), it has a return on assets of -14.50%, return on equity (ROE) of -31.90%, and return on investment (ROI) of 1.70%. Its Gross Margin is 51.20%, the Profit Margin is -55.80%, and Operating Margin is -56.80%. Its market cap remained high, hitting, $706.83 million at the time of writing.
Apache Corporation (NASDAQ: APA)
Apache Corporation (NASDAQ: APA) shares headed falling, lower as much as -8.67%. The most recent rating by Evercore ISI, on August 27, 2020, is at an Outperform. Apache Corporation (APA) share price went from a low point around $3.80 to briefly over $33.77 in the past 52 weeks, though shares have since pulled back to $12.01. Apache Corporation’s market cap has remained high, hitting $4.47 billion at the time of writing.
WPX Energy Inc. (NYSE: WPX)
WPX Energy Inc. (NYSE: WPX) last closed at $4.34, in a 52-week range of $1.94 to $14.43. Analysts have a consensus price target of $9.05. If we look at the profitability of WPX Energy Inc. (WPX), it has a return on assets of -8.60%, return on equity (ROE) of -16.90%, and return on investment (ROI) of 6.10%. Its Gross Margin is 94.80%, the Profit Margin is -29.90%, and Operating Margin is -23.30%. Its market cap remained high, hitting, $2.42 Billion at the time of writing.
SM Energy Company (NYSE: SM)
SM Energy Company (NYSE: SM) stock drop by -13.33% to $1.82. The most recent rating by Seaport Global Securities, on July 27, 2020, is at a Neutral. SM Energy Company (SM) share price went from a low point around $0.90 to briefly over $12.91 in the past 52 weeks, though shares have since pulled back to $1.82. SM Energy Compan’s market cap has remained high, hitting $193.47 Million at the time of writing.
EOG Resources Inc. (NYSE: EOG)
EOG Resources Inc. (NYSE: EOG) fall -9.22% after losing more than -$3.86 on Thursday. EOG Resources Inc. (EOG) has a 52-weeks low range of $27.00 and a high range of $89.54. EOG Resources Inc. has traded up 40.74% from its 52-weeks low and traded down -57.56% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 2.10. EOG Resources Inc. has a total market capitalization of $22.12 billion.
Tellurian Inc. (NASDAQ: TELL)
Tellurian Inc. (NASDAQ: TELL) last closed at $0.75, in a 52-week range of $0.67 to $9.06. If we look at the profitability of Tellurian Inc. (TELL), it has a return on assets of -67.80%, return on equity (ROE) of -166.80%, and return on investment (ROI) of -46.60%. Its Gross Margin is 47.40%, Its market cap remained high, hitting, $242.37 Million at the time of writing.
PDC Energy Inc. (NASDAQ: PDCE)
PDC Energy Inc. (NASDAQ: PDCE) stock drop by -21.27% to $11.66 after PDC Energy announced the Pricing of $150 Million Tack-On Senior Notes Offering. The most recent rating by Goldman, on August 13, 2020, is at a Buy. PDC Energy Inc. (PDCE) has a market capitalization of $1.15 billion at the time of writing.
