February 21, 2017: Here are four stocks trading with relatively heavy volume among 34 equities making new 52-week lows in Tuesday’s session. On the NYSE, advancers led decliners by more than 2 to 1 and on the Nasdaq advancers led decliners by about 4 to 3.
Sabre Corp. (NASDAQ: SABR) dropped about 1.8% Tuesday to post a new 52-week low of $20.89 after closing Friday at $21.30. The 52-week high is $29.76. Volume of about 7.6 million was more than double the daily average of 3 million. The company had no specific news.
Gulfport Energy Corp. (NASDAQ: GPOR) dropped about 32% on Tuesday to record a new 52-week low of $4.22. The stock closed at $6.22 on Friday. Volume was about 25% below the daily average of around 3.9 million shares. The company had no specific news Tuesday.
Global Eagle Entertainment Inc. (NASDAQ: ENT) dropped about 1.4% Tuesday, to post a new 52-week low of $14.29 after closing at $14.49 on Friday. The stock’s 52-week high is $19.92. Volume was about 7 times the daily average of around 420,000 shares. The company’s CEO and CFO both resigned unexpectedly this morning.
Top 10 Energy Stocks For 2018: Range Resources Corporation(RRC)
Advisors’ Opinion:
- [By Paul Ausick]
Range Resources Corp. (NYSE: RRC) dropped about 12.8% Wednesday to register a new 52-week low of $17.71 after closing at $20.30 on Tuesday. The 52-week high is $43.60. Volume was nearly 20 million, nearly 4 times the daily average. The natural gas producer missed estimates this morning and revised its growth projections downward. It was one of several energy companies that took some price target cuts from analysts.
- [By Paul Ausick]
Range Resources Corp. (NYSE: RRC) is rated Buy with a lowered price target of $43. The 2017 EPS estimate has been lowered from $0.85 to $0.68, and the 2018 estimate waslowered from $1.60 to $1.52. Shares closed at $27.34 on Friday, in a 52-week range of $27.07 to $46.96, and the consensus price target is $46.42. Range Resources is a Jefferies Franchise Pick.
- [By WWW.THESTREET.COM]
Range Resources (RRC) was upgraded to outperform at BMO. $44 price target The valuation is more attractive, as business fundamentals are improving, BMO said.
- [By Ben Levisohn]
Talk about a Barron’s bounce!Range Resources (RRC) has soared to the top of the S&P 500 today after Barron’s touted it in the pages of the magazine this weekend.
Agence France-Presse/Getty Images
Range Resources gained 4.1% to $28.47, while the S&P 500 slipped 0.3% to2,375.31.
Barron’s Andrew Bary called Range Resources “an unappreciated energy play.” He explains why:
With major market indexes at record highs, natural-gas stocks are among the few depressed industry groups. Blame a warm winter and weakening gas prices.
Range Resources (ticker: RRC), a leading U.S. gas producer, looks undervalued. Its shares, at $27, are down 20% this year and are much below their 52-week high of $47, set last June. Range drilled the first well in the now-prolific Marcellus region of Pennsylvania more than a decade ago and amassed one of its largest land positions there610,000 acres. Its $4.2 billion purchase of Memorial Resource Development last September gave it access to what the company views as a prolific and underappreciated gas region: northern Louisiana
Range Resources’ market capitalization rose to $7 billion today from $6.8 billion on Friday. It reported net income of $521 million on sales of $1.4 billion in 2016.
Top 10 Energy Stocks For 2018: Atwood Oceanics, Inc.(ATW)
Advisors’ Opinion:
- [By Jason Hall]
April was another bad month for offshore drilling stocks. Transocean Ltd. (NYSE:RIG), ENSCO Plc. (NYSE:ESV), Diamond Offshore Drilling Inc. (NYSE:DO), Atwood Oceanic Inc.(NYSE:ATW), and Noble Corporation (NYSE:NE) all held up relatively well through the first third of the month, but then start to fall around April 10.
- [By Benzinga News Desk]
Stephens (Equal-Weight) and Citi (Sell) both downgraded Atwood Oceanics (NYSE: ATW).
Sell-Side's Most Noteworthy Calls
Investec downgraded Anheuser-Busch (NYSE: BUD) to Hold.
Deutsche Bank downgraded Freeport McMoRan (NYSE: FCX) to Hold.
Goldman Sachs upgraded Microsoft (NASDAQ: MSFT) to Buy.
Barclays upgraded Teck Resources (NYSE: TCK) to Overweight.
BTIG started Adobe (NASDAQ: ADBE) at Neutral.
Deal TalkU.S. oil refiner Tesoro (NYSE: TSO) said it would buy Western Refining (NYSE: WNR) for $4.1 billion to add refineries in Texas, New Mexico and Minnesota. The combined company will have refining capacity of over 1.1 million barrels per day. Tesoro has refineries in California, Washington, Alaska, Utah and North Dakota.
- [By Dan Caplinger]
The stock market climbed Wednesday, with all three major market benchmarks finishing on the plus side. The Dow rose back to within 50 points of the 20,000 mark, and although negative comments from President-elect Donald Trump about drug pricing during his press conference caused poor performance in that sector, the general mood among investors remained positive as earnings season approaches. Also, good news on several fronts helped lift individual stocks, and Kornit Digital (NASDAQ:KRNT), Workday (NYSE:WDAY), and Atwood Oceanics (NYSE:ATW) were among the best performers on the day. Below, we’ll look more closely at these stocks to tell you why they did so well.
Top 10 Energy Stocks For 2018: Alon USA Energy, Inc.(ALJ)
Advisors’ Opinion:
- [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.
- [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.
Top 10 Energy Stocks For 2018: InterOil Corporation(IOC)
Advisors’ Opinion:
- [By WWW.KIPLINGER.COM]
On the production side of things, XOM continues to dive head-first into natural gas production and shipping. The fuel promises to be one of the primary ways we generate electricity in the future, and smart mega-buys such as XTO and InterOil Corporation (IOC) have made Exxon one of the worlds biggest players in nat gas.
Top 10 Energy Stocks For 2018: Oceaneering International, Inc.(OII)
Advisors’ Opinion:
- [By Monica Gerson]
Oceaneering International (NYSE: OII) is projected to post its quarterly earnings at $0.35 per share on revenue of $641.85 million.
Tennant Company (NYSE: TNC) is estimated to report its quarterly earnings at $0.25 per share on revenue of $180.93 million.
- [By Lisa Levin]
On Friday, energy shares surged by 2.60 percent. Top gainers in the sector included Oceaneering International (NYSE: OII), Willbros Group Inc (NYSE: WG), and Cobalt International Energy, Inc. (NYSE: CIE).
Top 10 Energy Stocks For 2018: PetroChina Company Limited(PTR)
Advisors’ Opinion:
- [By Money Morning News Team]
PetroChina Co. Ltd. (NYSE ADR: PTR) is China’s largest oil company with a market cap of $216.52 billion. PTR is partially owned by the Chinese government.
Top 10 Energy Stocks For 2018: Phillips 66(PSX)
Advisors’ Opinion:
- [By Matthew DiLallo]
After facing several challenges in 2016 that pushed down results, Phillips 66 (NYSE:PSX) bounced back big-time in the first quarter. The company trounced the consensus estimate by a whopping $0.51 per share, which was roughly 10 times higher than the $0.05 per share analysts expected.
- [By Matthew DiLallo]
After facing several challenges last year, Phillips 66 (NYSE:PSX) enjoyed a bit of a bounce back in the first quarter. The refiner delivered expectation-smashing results, reporting an adjusted profit of $294 million, or $0.56 per share, which was a remarkable $0.51 per share ahead of the consensus estimate. Fueling the quarter were robust chemicals results and improving midstream earnings, which more than overcame continued weakness in the refining segment.
- [By Sarfaraz Khan]
Also note that Berkshire Hathaway has direct exposure to the US energy sector through its subsidiary Berkshire Hathaway Energy, which is a power company that also owns two interstate natural gas pipelines. Besides, Berkshire Hathaways stock portfolio also has some exposure to the energy sector. The company owns 80.7 million shares of Phillips 66 (NYSE:PSX), a major US-based refiner that is also expanding in the midstream space, valued at almost $7 billion. Phillips 66 represents more than 5% of Berkshire Hathaways stock portfolio. The conglomerate also owns 20 million shares of the pipeline giant Kinder Morgan (NYSE:KMI), valued at $414.2 million. These energy companies are positioned to benefit from Donald Trumps pro-energy policies and de-regulation.
- [By Shanthi Rexaline]
The six companies that met the criterion are:
Oshkosh Corp (NYSE: OSK). Phillips 66 (NYSE: PSX). SpartanNash Co (NASDAQ: SPTN). Suncor Energy Inc. (USA) (NYSE: SU). Washington Federal Inc. (NASDAQ: WAFD). Barnes & Noble, Inc. (NYSE: BKS).
OshkoshOshkosh is a manufacturer of specialty vehicles and vehicle bodies and is based in Wisconsin. The company operates under four business segments, namely access equipment, defense, fire and emergency, and commercial.
Top 10 Energy Stocks For 2018: ConocoPhillips(COP)
Advisors’ Opinion:
- [By Dustin Parrett]
Specifically, the oil supermajors are ExxonMobil Corp. (NYSE: XOM), BP Plc. (NYSE: BP), Chevron Corp. (NYSE: CVX), Royal Dutch Shell Plc. (NYSE ADR: RDS.A), Conoco Phillips (NYSE: COP), Eni SpA (NYSE ADR: E), and Total SA (NYSE ADR: TOT).
- [By Shanthi Rexaline]
Phillips 66 is a multi-national company headquartered in Westchase, Houston. It was spun off from ConocoPhillips (NYSE: COP) in 1917.
Stock Return (Since 2012): 144.1 percent.
- [By Jayson Derrick]
Other stocks that were net sold include ConocoPhillips (NYSE: COP) and Kinder Morgan Inc (NYSE: KMI). Tesla Inc (NASDAQ: TSLA) was also sold by clients after the electric vehicle maker saw its stock hit a new all-time high in the middle of the month.
- [By WWW.THESTREET.COM]
The contract awards are for the jack-ups West Elara and West Linus with ConocoPhillips Skandinavia AS (COP) for work in the Greater Ekofisk area. The total additional backlog for the new contract awards is estimated to be about $1.4 billion, excluding performance bonuses.
- [By WWW.KIPLINGER.COM]
Spun off from energy producer ConocoPhillips (COP) a few years back, PSX has quickly become one of the downstream industrys biggest players. Refiners earn profits based on the difference between feed stock costs (Think oil and natural gas prices) and the price for refined products such as gasoline, jet fuel and heating oil. Those inputs remain low, and Phillips 66 is minting cash as a result.
Top 10 Energy Stocks For 2018: Permian Basin Royalty Trust(PBT)
Advisors’ Opinion:
- [By Monica Gerson]
The list of below stocks is notable as the shares have traded on sequentially increasing volume spanning the trading days from September 16 to September 20:
Top 10 Energy Stocks For 2018: Tesoro Corporation(TSO)
Advisors’ Opinion:
- [By Benzinga News Desk]
U.S. oil refiner Tesoro (NYSE: TSO) said it would buy Western Refining (NYSE: WNR) for $4.1 billion to add refineries in Texas, New Mexico and Minnesota. The combined company will have refining capacity of over 1.1 million barrels per day. Tesoro has refineries in California, Washington, Alaska, Utah and North Dakota.
