Hot Energy Stocks To Watch Right Now

In the week ended December 22, 2017, the number of rigs drilling for oil in the United States totaled 747, unchanged from the prior week and up by 224 compared with a total of 523 a year ago. Including 184 other rigs drilling for natural gas, there are a total of 931 working rigs in the country, one more week over week and up by 278 year over year. The data come from the latest Baker Hughes North American Rotary Rig Count released on Friday.

West Texas Intermediate (WTI) crude oil for February delivery settled at $58.36 a barrel on Thursday and traded down about 0.2% Friday afternoon at $58.26 shortly before regular trading closed.

The natural gas rig count rose by one to 184 this week. The count for natural gas rigs is now up by 55 year over year. Natural gas for February delivery traded up about 2.1% at around $2.65 per million BTUs before the count was released and was essentially unchanged afterward.

The U.S. Energy Information Administration noted changes in producer hedging in its weekly status report:

Hot Energy Stocks To Watch Right Now: Alon USA Energy, Inc.(ALJ)

Advisors’ Opinion:

  • [By Lisa Levin]

    In trading on Monday, energy shares dipped by 0.70 percent. Meanwhile, top losers in the sector included TravelCenters of America LLC (NYSE: TA), down 18 percent, and Alon USA Energy, Inc. (NYSE: ALJ), down 8 percent.

  • [By Tom Dorsey]

    Over a several day period, I submitted questions and Mr. Eisman, President, Chief Executive Officer and Director of Alon USA Energy Inc. (ALJ) and the parent company of Alon USA Partners LP Inc. (ALDW) responded. He provided some key insights to some challenges the company faces, where the company is going, and the opportunities available in the future. This insight should provide investors with additional information to understand the value of the company and the opportunity as an investor in the company.

  • [By Manikandan Raman]

    Additionally, Cheng also downgraded Delek US Holdings, Inc. (NYSE: DK) to Equal Weight from Overweight, while upgrading Alon USA Energy, Inc. (NYSE: ALJ) to Equal Weight from Underweight.

Hot Energy Stocks To Watch Right Now: AMAG Pharmaceuticals, Inc.(AMAG)

Advisors’ Opinion:

  • [By Lisa Levin]

    Shares of AMAG Pharmaceuticals, Inc. (NASDAQ: AMAG) were down around 36 percent to $22.95. Before the open, the issue company issued FY 2017 sales that surrounded current estimates. Also, the company announced an exclusive licensing agreement with Palatin Technologies, Inc. (NYSE: PTN) for North American rights to Rekyndatm. Raymond James downgraded AMAG Pharmaceuticals from Market Perform to Underperform.

  • [By WWW.MONEYSHOW.COM]

    Makena is the flagship drug from AMAG Pharmaceuticals (AMAG); the drug helps reduce the risk of preterm birth.

    The company’s blood registry preserves newborn stem cells used to treat blood and immune disorders.

Hot Energy Stocks To Watch Right Now: WPX Energy, Inc.(WPX)

Advisors’ Opinion:

  • [By Money Morning News Team]

    WPX Energy Inc. (NYSE: WPX) is a natural gas and oil company based in Oklahoma. WPX focuses on the exploration and development of natural gas and oil fields in North America, including the Permian Basin in Texas and the Williston Basin in North Dakota.

  • [By Ezra Schwarzbaum]

    Matador has grown its reserves throughout the commodity cycle, as well as its production and cash flow. Haas also likes the company’s history of identifying and acquiring acreage early and cheaply. Much of the analyst’s positive outlook is derived from Matador’s successful monetization of midstream assets and pattern of reinvestment.

    WPX Energy Inc (NYSE: WPX), $18 Price Target

    Haas praised WPX’s production base, which is “well balanced” between three major basins, and its production mix of 51 percent oil, 13 percent natural gas liquids and 36 percent natural gas.

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