Best Oil Stocks To Watch For 2018

U.S. equities crept higher on Friday after spending much of the session in negative territory. Save for a last-minute surge that pushed the Dow Jones Industrial Average up more than 30 points into the green. Can’t have the bulls doubt these record highs over the three-day weekend, can we?

News flow was light, with a focus on President Trump’s combative press conference on Thursday and M&A activity overnight with Kraft Heinz Co (NASDAQ:KHC) making a $100 billion plus bid for Unilever plc (ADR) (NYSE:UL), pushing both up 10.6% and 14%, respectively. There was also continued focused on stretched valuations, extended sentiment, narrow breadth, evidence of inflation heating up.

In the end, the Dow gained a fraction, the S&P 500 gained 0.2%, the Nasdaq Composite gained 0.4% and the Russell 2000 gained 0.1%. Treasury bonds were stronger, the dollar moved higher, gold lost 0.2% and oil was little changed.

Best Oil Stocks To Watch For 2018: Halliburton Company(HAL)

Advisors’ Opinion:

  • [By Ben Levisohn]

    How strong is the earnings recovery? Of the 18 stocks that reported this morning, 13 beat forecasts, including Halliburton (HAL), and Hasbro (HAS). BofA Merrill Lynch’s Savita Subramanian and team note that for the first time since 2012, analysts are raising their earnings forecasts as earnings season progresses:

  • [By Wayne Duggan]

    Instead, Genargo prefers oil services stocks with the most exposure to the U.S market. Loop names Halliburton Company (NYSE: HAL) as its top large-cap stock pick and Oil States International, Inc. (NYSE: OIS), Newpark Resources Inc (NYSE: NR) and Superior Energy Services, Inc. (NYSE: SPN) as its top small- and mid-cap stocks.

  • [By Lisa Levin]

    Halliburton Company (NYSE: HAL) reported better-than-expected earnings for its first quarter on Monday.

    Halliburton posted adjusted earnings of $0.04 per share in the quarter on revenue of $4.28 billion; Analysts were expecting the company to earn $0.03 per share on revenue of $4.26 billion.

Best Oil Stocks To Watch For 2018: Encana Corporation(ECA)

Advisors’ Opinion:

  • [By Paul Ausick]

    Encana Corp. (NYSE: ECA) is rated Buy with an unchanged price target of $16. The EPS estimate for 2017 was lowered from $0.42 to $0.34, and the 2018 estimate was also lowered, from $1.47 to $1.28. The shares ended the weekat $11.44, in a 52-week range of $4.90 to $13.85. The consensus 12-month price target is $14.95.

  • [By WWW.THESTREET.COM]

    In the Lightning Round, Cramer was bullish on Vodafone Group (VOD) , Schlumberger (SLB) , Encana (ECA) , Arconic (ARNC) and AdvanSix (ASIX) .

    Cramer was bearish on U.S. Silica Holdings (SLCA) .

  • [By Money Morning News Team]

    Canada-based Encana Corp. (NYSE: ECA) was the eighth top oil company stock in 2016, with a 131% gain over the year. ECA and its subsidiaries focus on developing, exploring, producing, and marketing natural gas, liquefied natural gas, and oil in North America.

Best Oil Stocks To Watch For 2018: Talisman Energy Inc.(TLM)

Advisors’ Opinion:

  • [By Jayson Derrick]

    On the other hand, the analysts are Underweight on Eni SpA (ADR) (NYSE: E), Repsol Oil & Gas Canada Inc (USA) (NYSE: TLM) and OMV AG given their asset bases, which offer an inferior risk to reward profile and limited differentiation in cost reductions.

Best Oil Stocks To Watch For 2018: Whiting Petroleum Corporation(WLL)

Advisors’ Opinion:

  • [By Lisa Levin]

    In trading on Friday, energy shares fell 0.62 percent. Meanwhile, top losers in the sector included Teekay Offshore Partners L.P. (NYSE: TOO), down 9 percent, and Whiting Petroleum Corp (NYSE: WLL), down 7 percent.

  • [By Ben Levisohn]

    Whiting Petroleum (WLL) has gained 2.9% to $8.30 after reporting a smaller-than-expected loss.

    Weight Watchers International (WTW) has jumped 7.9% to $21.75 after hiring HSN’sMindy Grossman as its new CEO.

  • [By Jon C. Ogg]

    Whiting Petroleum Corporation (NYSE: WLL) saw its shares rocket up by 30.2% to $12.21 on 79.5 million shares on Wednesday. That represents almost 4 times normal trading volume. Whiting Petroleum has a total market cap of $3.5 billion. The company has a consensus analyst price target of $11.39 and a 52-week trading range of $3.35 to $16.62.

  • [By Paul Ausick]

    Whiting Petroleum Corp. (NYSE: WLL) dropped about 6.4% Wednesday to register a new 52-week low of $4.36 after closing at $4.66 on Tuesday. The 52-week high is $13.39. Volume was around 19 million, about 15% below the daily average. The company had no specific news.

  • [By Lisa Levin]

    In trading on Friday, energy shares fell 1.02 percent. Meanwhile, top losers in the sector included Whiting Petroleum Corp (NYSE: WLL), down 8 percent, and Calumet Specialty Products Partners, L.P (NASDAQ: CLMT) down 7 percent.

  • [By Lisa Levin]

    In trading on Wednesday, energy shares fell by 1.43 percent. Meanwhile, top losers in the sector included Westmoreland Coal Company (NYSE: WLB), down 9 percent, and Whiting Petroleum Corp (NYSE: WLL), down 7 percent.

Best Oil Stocks To Watch For 2018: Williams Partners L.P.(WPZ)

Advisors’ Opinion:

  • [By Ben Levisohn]

    In a release after the close on Monday, Williams and Williams Partners (WPZ) made several announcements, including: 1) outlining managements plan to financially reposition and simplify the franchises GP/LP structure in an ~$11.4 billion transaction (not subject to any additional approvals), 2) adjustments to Williams and Williams Partners’ dividend and distribution payouts, 3) initiating a ~$2+ billion William equity raise to fund a further Williams investment in Williams Partners, 4) noted other potential upcoming changes, including the sale of ~$2 billion in non-core assets in 2017, and 5) provided several forms of updated 2017 guidance…

Best Oil Stocks To Watch For 2018: Marathon Oil Corporation(MRO)

Advisors’ Opinion:

  • [By Dustin Blitchok]

    Marathon Oil Corporation (NYSE: MRO) was upgraded from Neutral to Positive at Susquehanna on Friday after the oil giant sold off its Canadian subsidiary for $2.5 billion and bought 71,000 acres of oil fields in New Mexico for $1.1 billion.

  • [By Jon C. Ogg]

    Marathon Oil Corporation (NYSE: MRO) shares were up a whopping 209.9% at $18.08 on Wednesday, and the 70.5 million shares at the close was almost 5 times normal trading volume. Marathon Oil has a consensus analyst price target of $18.12 and a 52-week trading range of $6.52 to $18.55. The company has a total market cap of $15 billion.

  • [By Paul Ausick]

    Marathon Oil Corp. (NYSE: MRO) dropped about 1% Thursday to post a new 52-week low of $11.50 after closing Wednesday at $11.61. The 52-week high is $19.28. Volume was about 30% lower than the daily average of about 13.7 million shares. The company had no specific news.

  • [By Paul Ausick]

    Marathon Oil Corp. (NYSE: MRO) dropped about 1.1% Monday to post a new 52-week low of $11.40 after closing Friday at $11.53. The 52-week high is $19.28. Volume was about 40% lower than the daily average of about 13.7 million shares. The company had no specific news.

  • [By Chris Lange]

    The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Marathon Oil Corp. (NYSE: MRO) which traded down 8.7% at $14.86. The stocks 52-week range is $9.65 to $19.28. Volume was about 108% of the daily average of around 11.32 million shares. The company had no specific news but was continuing to drop from falling crude prices.

  • [By Ben Levisohn]

    Marathon Oil (MRO) tumbled to the bottom of the S&P 500 today after oil tumbled after data pointed to higher inventories of crude.

    Agence France-Presse/Getty Images

    Marathon Oildropped 8.7% to $14.87, while the S&P 500 fell 0.2% to 2,362.98, as Front Month Nymex Crude futures for April delivery slid 5.4% to $50.28., leading some to wonder if the price oil could drop below $50 a barrel.

    It wasn’t just Marathon that got clipped as the eight worst-performing stocks in the S&P 500 came from the energy sector, including Murphy Oil (MUR), which fell 6.7% to $25.87, Devon Energy (DVN), which slid 6.5% to $40.72, and Chesapeake Energy (CHK), which stumbled 6.1% to $4.94. No surprise, then, that the Energy Select Sector SPDR ETF (XLE) slumped 2.6% to $69.65.

    The oil rout began after the U.S. Energy Information Administration reported that U.S. oil inventories rose by 8.2 million barrels to reach $518.4 million, a record level.

    Marathon Oil’s market capitalization fell to $12.6 billion today from $13.8 billion yesterday. It reported a net loss of $2.1 billion on sales of $4.1 billion in 2016.

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