Hot Oil Stocks To Watch For 2019

Parsley Energy Inc (NYSE:PE) – Equities research analysts at KeyCorp raised their Q4 2018 earnings per share (EPS) estimates for Parsley Energy in a report issued on Wednesday, August 8th. KeyCorp analyst D. Deckelbaum now forecasts that the oil and natural gas company will earn $0.58 per share for the quarter, up from their previous forecast of $0.57.

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PE has been the subject of several other reports. Piper Jaffray Companies set a $46.00 price objective on shares of Parsley Energy and gave the stock a “buy” rating in a report on Wednesday, June 13th. JPMorgan Chase & Co. set a $49.00 price objective on shares of Parsley Energy and gave the stock a “buy” rating in a report on Tuesday, July 3rd. Susquehanna Bancshares began coverage on shares of Parsley Energy in a report on Wednesday, July 11th. They issued a “positive” rating and a $38.00 price objective for the company. Zacks Investment Research lowered shares of Parsley Energy from a “buy” rating to a “hold” rating in a report on Tuesday, July 3rd. Finally, ValuEngine lowered shares of Parsley Energy from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Five analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $38.64.

Hot Oil Stocks To Watch For 2019: ConocoPhillips(COP)

Advisors’ Opinion:

  • [By Matthew DiLallo]

    ConocoPhillips (NYSE:COP) has been one of the best-performing oil stocks in the market recovery. One of the fuels driving its outperformance has been the company’s efforts to reshape its portfolio. Those actions not only brought in some cash to pay off debt and buy back stock but have sharpened its focus on its best assets.

  • [By Chris Lange]

    The number of ConocoPhillips (NYSE: COP) shares short fell to 11.83 million from the previous 12.60 million. Shares were trading at $71.30, within a 52-week range of $45.65 to $74.73.

  • [By Joseph Griffin]

    10 15 Associates Inc. lowered its holdings in ConocoPhillips (NYSE:COP) by 1.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 207,906 shares of the energy producer’s stock after selling 2,741 shares during the period. ConocoPhillips makes up 2.9% of 10 15 Associates Inc.’s holdings, making the stock its 8th biggest holding. 10 15 Associates Inc.’s holdings in ConocoPhillips were worth $12,327,000 as of its most recent SEC filing.

  • [By Max Byerly]

    IPG Investment Advisors LLC purchased a new stake in shares of ConocoPhillips (NYSE:COP) during the second quarter, HoldingsChannel.com reports. The fund purchased 3,931 shares of the energy producer’s stock, valued at approximately $274,000.

  • [By Jon C. Ogg]

    Goldman Sachs has made a key rotation in its oil and gas sector coverage. The firm downgraded ConcoPhillips (NYSE: COP) to Neutral from Buy now that its shares had risen more than 40% so far in 2018 alone. That blows away the performance of most energy index leaders, and this downgrade is based on the good news now being reflected in the shares. Goldman Sachs analyst Neil Mehta has an $81 price target on ConocoPhillips, which compares with the prior closing price of $79.89 and its 52-week high of $80.24.

  • [By Stephan Byrd]

    James Investment Research Inc. boosted its position in shares of ConocoPhillips (NYSE:COP) by 8.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 319,545 shares of the energy producer’s stock after acquiring an additional 25,087 shares during the period. ConocoPhillips accounts for 0.9% of James Investment Research Inc.’s holdings, making the stock its 23rd biggest position. James Investment Research Inc.’s holdings in ConocoPhillips were worth $22,246,000 at the end of the most recent quarter.

Hot Oil Stocks To Watch For 2019: Encana Corporation(ECA)

Advisors’ Opinion:

  • [By Matthew DiLallo]

    Today, however, many drillers are setting a high bar for new wells. EOG Resources (NYSE:EOG) has been one of the leaders in disrupting the former way of thinking by establishing a high return hurdle rate for new wells of 30% after-tax at $40 oil. Others followed with similar return-focused approaches, including Encana (NYSE:ECA), which needs locations to achieve a 35% after-tax return at $50 oil to meet its premium hurdle rate. 

  • [By Keith Noonan, Travis Hoium, and Matthew DiLallo]

    We asked three Motley Fool investors to profile some of the best under-the-radar growth stocks on the market today. Read on to see why they selected Encana (NYSE:ECA), Activision Blizzard (NASDAQ:ATVI), and Baozun (NASDAQ:BZUN) as top growth stocks for in-the-know investors.

  • [By Matthew DiLallo]

    Canada’s Montney Shale doesn’t currently capture investors’ attention like the Permian Basin. However, that doesn’t mean it’s a second-tier play. Quite the contrary since, like the Permian, it’s a resource-rich region with as many as six drillable formations that produce highly economic liquids-rich natural gas. Because of those features, it has become an important growth driver for companies like Encana (NYSE:ECA).

Hot Oil Stocks To Watch For 2019: Whiting Petroleum Corporation(WLL)

Advisors’ Opinion:

  • [By Stephan Byrd]

    Get a free copy of the Zacks research report on Whiting Petroleum (WLL)

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  • [By Matthew DiLallo]

    Whiting Petroleum (NYSE:WLL) bounded upward more than 55% for the quarter, fueled by rising crude prices and its strong first-quarter results. After struggling to scrape by on lower oil prices, Whiting’s cash flow has surged this year, providing it enough money to fund its drilling program with more than $100 million to spare during the first quarter.

  • [By Dan Caplinger]

    Friday was a down day on Wall Street, but losses were generally small, and the market closed well above its lowest levels of the session. Initially, investors seemed concerned about further trade tensions between the U.S. and China, but upon further reflection, they appeared to draw comfort from considerable fundamental strength from key sectors of the industrial economy. Even with the overall market recovering from earlier weakness, some stocks still posted substantial declines. Whiting Petroleum (NYSE:WLL), Global Blood Therapeutics (NASDAQ:GBT), and First Solar (NASDAQ:FSLR) were among the worst performers on the day. Here’s why they did so poorly.

  • [By Logan Wallace]

    Shares of Whiting Petroleum Corp (NYSE:WLL) have been given an average rating of “Buy” by the thirty-two ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation, fifteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $46.58.

  • [By Logan Wallace]

    Whiting Petroleum Corp (NYSE:WLL)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $46.75, but opened at $48.93. Whiting Petroleum shares last traded at $50.12, with a volume of 80658 shares trading hands.

Hot Oil Stocks To Watch For 2019: Williams Partners L.P.(WPZ)

Advisors’ Opinion:

  • [By Maxx Chatsko]

    Simpler organizational structures could yield significant benefits for individual investors. In addition to being easier to follow and understand, it will make it easier than ever to own some of the most important pieces of energy infrastructure in the United States. The proposed merger between Williams Companies (NYSE:WMB) and Williams Partners LP (NYSE:WPZ) is a great example, as it owns some of the best natural gas infrastructure in the United States. Here’s why investors should be bullish on the multi-billion dollar merger.

  • [By Matthew DiLallo]

    Overall, earnings at both Williams and its MLP Williams Partners (NYSE:WPZ) were down slightly versus the year-ago period due to asset sales, while cash flow modestly increased thanks to lower interest expenses.

  • [By Lisa Levin]

    Analysts at Stifel Nicolaus downgraded Williams Partners L.P. (NYSE: WPZ) from Buy to Hold..

    Williams Partners shares fell 0.63 percent to close at $41.23 on Friday.

  • [By Stephan Byrd]

    Barclays set a $46.00 price target on Williams Pipeline Partners (NYSE:WPZ) in a research note published on Saturday. The brokerage currently has a hold rating on the pipeline company’s stock.

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