1. Harvey energy havoc: Harvey has knocked more Gulf Coast refineries offline, sending gasoline futures to around $2 a gallon.
Thirteen oil refineries have been shut down or are in the process of closing, while several others are operating at reduced rates. Altogether, the storm has knocked out about a fifth of America’s refining capacity, according to S&P Global Platts.
The Colonial Pipeline, which carries huge amounts of gasoline and other fuel between Houston and the East Coast, is also shutting down after Harvey, which is now considered a tropical depression, forced the closure of refineries and some of the pipeline’s own facilities.
2. Brexit talks round three: The third round of divorce talks between the U.K. and the EU is set to conclude on Thursday.
Negotiators are expected to give an update on the status of discussions.
Recent comments from EU officials suggest that little progress has been made because of disagreements over a financial settlement.
Best Energy Stocks To Buy Right Now: NGL ENERGY PARTNERS LP(NGL)
Advisors’ Opinion:
- [By Shane Hupp]
Here are some of the headlines that may have impacted Accern’s analysis:
Get Tidewater alerts:
Current Trend: Tidewater (NYSE: TDW) (tradingnewsnow.com) Girls soccer | First Colonial’s Idelys Vazquez is the 2018 All-Tidewater Player of the Year (msn.com) Interesting Launch for Interesting Tugs (marinelink.com) Investor’s Alert (price to sales ratio) NGL Energy Partners LP (NYSE:NGL), LiveXLive Media, Inc. (NASDAQ:LIVX … (stocksnewspoint.com) Tidewater Mortgage Services opens Colonial Heights branch (progress-index.com)
Several brokerages recently weighed in on TDW. Zacks Investment Research downgraded shares of Tidewater from a “buy” rating to a “hold” rating in a research note on Tuesday, May 1st. ValuEngine raised shares of Tidewater from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd.
- [By Maxx Chatsko]
Shares of energy products supplier NGL Energy Partners LP (NYSE:NGL) jumped 15% today after the company announced fiscal fourth-quarter and full-year 2018 results. The business continues to improve, as demonstrated by adjusted EBITDA of $155.9 million in the final three months of the fiscal year. That was a 28.6% increase from the year-ago period.
- [By Lisa Levin] Gainers
Madrigal Pharmaceuticals, Inc. (NASDAQ: MDGL) rose 65.5 percent to $179.50 in pre-market trading. Madrigal Pharma disclosed that MGL-3196 achieved liver biopsy endpoints in patients with NASH at 36 weeks in Phase 2 trial.
Viking Therapeutics, Inc. (NASDAQ: VKTX) rose 34.8 percent to $6.70 in pre-market trading after falling 4.42 percent on Wednesday.
vTv Therapeutics Inc. (NASDAQ: VTVT) shares rose 31.5 percent to $2.19 in pre-market trading after the company reported a licensing deal with Newsoara Biopharma to rights for vTv's PDE4 Inhibitor in China and other Pacific Rim territories.
Curis, Inc. (NASDAQ: CRIS) shares rose 27.2 percent to $2.90 in pre-market trading after the company reported FDA Fast Track designation for CUDC-907 development in patients with relapse, refractory diffuse large B-cell lymphoma.
Kitov Pharma Ltd (NASDAQ: KTOV) rose 16.7 percent to $2.51 in pre-market trading.
Tilly's, Inc. (NYSE: TLYS) rose 14.7 percent to $14.00 in pre-market trading as the company reported better-than-expected earnings for its first quarter and issued a strong Q2 outlook.
Express, Inc. (NYSE: EXPR) rose 14.3 percent to $10.49 in pre-market trading after the company reported better-than-expected results for its first quarter.
NGL Energy Partners LP (NYSE: NGL) rose 12.8 percent to $12.10 in pre-market trading after reporting Q4 earnings beat.
J.Jill, Inc. (NYSE: JILL) rose 11.3 percent to $6.90 in pre-market trading after the company posted upbeat quarterly earnings.
TapImmune, Inc. (NASDAQ: TPIV) shares rose 10 percent to $5.60 in pre-market trading after climbing 24.15 percent on Wednesday.
Frontline Ltd. (NYSE: FRO) rose 9.8 percent to $5.74 in pre-market trading after Q1 results beat estimates.
Tech Data Corporation (NASDAQ: TECD) rose 8.8 percent to $89.65 in pre-market trading following better-than-expected Q1 earnings.
TransEnterix, Inc. (NYSE: TRXC) shares rose 7.1 percent to $3.65 in pre-market tra - [By Stephan Byrd]
NGL Energy Partners LP (NYSE:NGL) Director James M. Collingsworth bought 25,870 shares of the company’s stock in a transaction on Tuesday, June 5th. The shares were acquired at an average price of $11.65 per share, with a total value of $301,385.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
- [By Lisa Levin] Gainers
Madrigal Pharmaceuticals, Inc. (NASDAQ: MDGL) jumped 124.8 percent to $243.725 in reaction to an encouraging Phase 2 clinical trial update. The clinical-stage biopharmaceutical company said its liver-directed, thyroid hormone receptor called MGL-3196 showed a statistical significance in the primary endpoint of lowering liver fat at 12 weeks and also 36 weeks.
Viking Therapeutics, Inc. (NASDAQ: VKTX) gained 63.4 percent to $8.12 after falling 4.42 percent on Wednesday.
Takung Art Co., Ltd. (NYSE: TKAT) rose 43.3 percent to $2.9094
vTv Therapeutics Inc. (NASDAQ: VTVT) shares climbed 29.7 percent to $2.16 after the company reported a licensing deal with Newsoara Biopharma to rights for vTv's PDE4 Inhibitor in China and other Pacific Rim territories.
Akers Biosciences, Inc. (NASDAQ: AKER) gained 26.2 percent to $0.4109. The developer of rapid health information technologies said Wednesday afternoon it was granted a 180-day extension from the Nasdaq Stock Market to meet the requirement of a minimum $1.00 per share closing bid price for 10 straight days.
Genprex, Inc. (NASDAQ: GNPX) rose 22.2 percent to $11.6254. Genprex reported engagement of WIRB-Copernicus Group to provide clinical trial services to support Oncoprex clinical trial program.
J.Jill, Inc. (NYSE: JILL) gained 21 percent to $7.506 after the company posted upbeat quarterly earnings.
Urban One, Inc. (NASDAQ: UONE) gained 19.7 percent to $3.95 after rising 78.38 percent on Wednesday.
TapImmune, Inc. (NASDAQ: TPIV) shares gained 18.5 percent to $6.03 after climbing 24.15 percent on Wednesday.
Kirkland's, Inc. (NASDAQ: KIRK) rose 17.3 percent to $12.95 after reporting upbeat Q1 results.
CymaBay Therapeutics, Inc. (NASDAQ: CBAY) shares gained 15.1 percent to $13.210.
The Brink's Company (NYSE: BCO) climbed 14.2 percent to $77.875 as the company announced plans to acquire Dunbar Armored for $520 million in cash.
Keysight Technologies, Inc. (NYSE: KEY - [By Max Byerly]
Get a free copy of the Zacks research report on NGL Energy Partners (NGL)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Best Energy Stocks To Buy Right Now: Dril-Quip, Inc.(DRQ)
Advisors’ Opinion:
- [By Stephan Byrd]
Dril-Quip (NYSE: DRQ) is one of 14 public companies in the “Oil & gas field machinery” industry, but how does it contrast to its competitors? We will compare Dril-Quip to related companies based on the strength of its risk, valuation, analyst recommendations, profitability, dividends, institutional ownership and earnings.
- [By Logan Wallace]
Gabelli Funds LLC grew its holdings in Dril-Quip, Inc. (NYSE:DRQ) by 4.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,500 shares of the oil and gas company’s stock after purchasing an additional 2,500 shares during the period. Gabelli Funds LLC owned about 0.15% of Dril-Quip worth $2,486,000 at the end of the most recent quarter.
- [By Shane Hupp]
Dril-Quip, Inc. (NYSE:DRQ) – Stock analysts at Piper Jaffray issued their Q2 2018 earnings per share (EPS) estimates for Dril-Quip in a research note issued on Monday, May 14th. Piper Jaffray analyst I. Macpherson anticipates that the oil and gas company will post earnings per share of ($0.11) for the quarter. Piper Jaffray currently has a “Hold” rating and a $40.00 price target on the stock. Piper Jaffray also issued estimates for Dril-Quip’s Q3 2018 earnings at ($0.08) EPS, Q4 2018 earnings at ($0.09) EPS, Q1 2019 earnings at ($0.03) EPS, Q2 2019 earnings at $0.02 EPS, Q3 2019 earnings at $0.08 EPS, Q4 2019 earnings at $0.08 EPS and FY2020 earnings at $0.64 EPS.
- [By Shane Hupp]
Solaris Oilfield Infrastructure (NYSE: SOI) and Dril-Quip (NYSE:DRQ) are both small-cap oils/energy companies, but which is the superior business? We will contrast the two businesses based on the strength of their dividends, earnings, profitability, institutional ownership, analyst recommendations, valuation and risk.
Best Energy Stocks To Buy Right Now: Panhandle Royalty Company(PHX)
Advisors’ Opinion:
- [By Logan Wallace]
Media headlines about Panhandle Oil and Gas (NYSE:PHX) have been trending somewhat positive on Wednesday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Panhandle Oil and Gas earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news stories about the oil and gas producer an impact score of 50.7768748674153 out of 100, indicating that recent news coverage is somewhat likely to have an impact on the stock’s share price in the near term.
- [By Shane Hupp]
Panhandle Oil and Gas (NYSE:PHX) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Tuesday.
- [By Joseph Griffin]
News headlines about Panhandle Oil and Gas (NYSE:PHX) have trended somewhat positive on Sunday, Accern reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Panhandle Oil and Gas earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned media stories about the oil and gas producer an impact score of 46.1120655512436 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Best Energy Stocks To Buy Right Now: Enbridge Inc(ENB)
Advisors’ Opinion:
- [By Matthew DiLallo]
In addition to that, Brookfield has agreed to buy Enbridge’s (NYSE:ENB) Western Canadian natural gas gathering and processing business. The company will invest about $540 million in the acquisition, giving it a stake in the largest operation of its kind in Canada, which has it strategically positioned for expansion. Meanwhile, Enbridge will use the cash to pay down debt and fund its large slate of expansion projects.
- [By Ethan Ryder]
These are some of the media stories that may have effected Accern’s analysis:
Get Enbridge alerts:
Enbridge Completes Asset Sales for Approximately $3.15 Billion in Cash Proceeds (finance.yahoo.com) Enbridge Inc (ENB) Short Interest Up 16.4% in July (americanbankingnews.com) ENBRIDGE INC : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K) (4-traders.com) Westcoast Energy and Union Gas Declare Dividends (finance.yahoo.com) Enbridge, Baker Hughes trying sensor tech for pipeline inspections (smartbrief.com)
A number of equities research analysts recently issued reports on ENB shares. Zacks Investment Research upgraded shares of Enbridge from a “sell” rating to a “hold” rating in a research report on Thursday, April 12th. ValuEngine cut shares of Enbridge from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. CIBC cut shares of Enbridge to a “buy” rating and set a $57.00 target price for the company. in a research report on Tuesday, May 22nd. BMO Capital Markets dropped their target price on shares of Enbridge from $61.00 to $59.00 and set an “outperform” rating for the company in a research report on Thursday, June 14th. Finally, Morgan Stanley increased their target price on shares of Enbridge from $34.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Friday, July 13th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $51.75.
- [By Matthew DiLallo]
Enbridge (NYSE:ENB) has hit a rough patch in recent years. While cash flow and its dividend have continued rising, shares have slumped about 20% since the start of 2018 and are down more than 40% from their peak in 2015. Because of that, Enbridge’s valuation has declined to a very inexpensive level, which when combined with a steady stream of dividend increases, has pushed its yield up to an eye-catching 6.7%. That high yield for a cheap price makes Enbridge look like a compelling stock to buy, especially considering all the growth it has coming down the pipeline.