Top Oil Stocks To Own For 2019

That Venezuela is a nation in danger of going bankrupt is not news. The country has been headed that way for some time.

What is news is that Venezuela’s national oil company, Petróleos de Venezuela (PdVSA), put a lien on nearly 50% of its U.S.-based Citgo subsidiary for a $1.5 billion loan from Russia’s state-controlled oil company Rosneft. If, as could happen at nearly any time, Venezuela should default on interest payments on its sovereign debt, the default could lead to Russian ownership of the second-largest foreign owner of U.S.-based oil refining capacity.

That prospect raised enough concern with two U.S. Congress members that they wrote to Treasury Secretary Steven Mnuchin urging him to initiate a review of the asset transfer by the Committee on Foreign Investment in the United States (CFIUS).

The two, Jeff Duncan (R-SC) and Albio Sires (D-NJ), wrote:

This situation, if left unchecked, could severely undermine U.S. national security and energy independence…. Through Citgo, the Venezuelan government owns three U.S. refineries, … and a large network of pipelines.

Top Oil Stocks To Own For 2019: Apache Corporation(APA)

Advisors’ Opinion:

  • [By Max Byerly]

    Get a free copy of the Zacks research report on Apache (APA)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Ethan Ryder]

    Dimensional Fund Advisors LP boosted its stake in Apache Co. (NYSE:APA) by 4.6% in the 1st quarter, HoldingsChannel reports. The firm owned 2,132,014 shares of the energy company’s stock after buying an additional 94,324 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Apache were worth $82,040,000 as of its most recent SEC filing.

  • [By Matthew DiLallo]

    Thanks to red-hot oil prices over the past year, oil stocks are up sharply. To give some sense of the magnitude of the rebound, the iShares U.S. Oil & Gas Exploration & Production ETF (NYSEMKT:IEO) — which holds more than 60 U.S.-focused oil and gas stocks — has rallied nearly 33% over the last 12 months. However, while that rising tide has lifted most boats, not all oil and gas stocks have enjoyed the oil market’s rebound. In fact, some stocks have managed to lose ground in the past year. Two of those laggards are Antero Resources (NYSE:AR) and Apache Corporation (NYSE:APA), which have declined 6% and 12%, respectively, in the last year.

  • [By Chris Lange]

    Apache Corp. (NYSE: APA) fourth-quarter results are scheduled for Thursday. The consensus forecast is for $0.22 in EPS on $1.55 billion in revenue. Shares were trading at $38.11. The consensus price target is $50.43. The 52-week range is $35.70 to $56.51.

Top Oil Stocks To Own For 2019: Halliburton Company(HAL)

Advisors’ Opinion:

  • [By ]

    That investment would likely benefit both Schlumberger and Baker Hughes, but more so their competitor Halliburton Co. (HAL) , which is the most levered to the North American market among the big three oil services providers. 

  • [By ]

    Energy sector earnings season starts rolling later this week, and as always, the party will kick off with the so-called big three oilfield services providers: Schlumberger Ltd. (SLB) , General Electric Co.’s (GE) Baker Hughes (BHGE) , and Halliburton Co. (HAL) . 

  • [By Ethan Ryder]

    Societe Generale downgraded shares of Halliburton (NYSE:HAL) from a buy rating to a hold rating in a report released on Friday, The Fly reports. They currently have $43.00 price target on the oilfield services company’s stock.

  • [By Chris Lange]

    The stock posting the largest daily percentage loss in the S&P 500 ahead of the close was Halliburton Co. (NYSE: HAL) which fell about 6% to $37.05. The stock’s 52-week range is $36.82 to $57.86. Volume was about 18 million compared to the daily average volume of about 8 million.

  • [By Lisa Levin]

    Some of the stocks that may grab investor focus today are:

    Wall Street expects Halliburton Company (NYSE: HAL) to report quarterly earnings at $0.42 per share on revenue of $5.75 billion before the opening bell. Halliburton shares fell 0.06 percent to $51.93 in after-hours trading.
    Analysts expect Alphabet Inc. (NASDAQ: GOOGL) to post quarterly earnings at $9.33 per share on revenue of $30.31 billion after the closing bell. Alphabet shares gained 0.24 percent to $1,079.88 in after-hours trading.
    Before the markets open, Lennox International Inc. (NYSE: LII) is projected to report quarterly earnings at $1.09 per share on revenue of $815.16 million. Lennox shares dropped 2.84 percent to close at $197.08 on Friday.
    HNI Corporation (NYSE: HNI) reported retirement of its CEO Stan A. Askren and appointment of Jeffrey D. Lorenger as new CEO. HNI also reported strong earnings for its first quarter. HNI shares fell 3.17 percent to $34.20 in the after-hours trading session.
    Analysts are expecting Hasbro, Inc. (NASDAQ: HAS) to have earned $0.35 per share on revenue of $822.15 million in the latest quarter. Hasbro will release earnings before the markets open. Hasbro shares fell 0.39 percent to $82.49 in after-hours trading.

    Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.

  • [By Paul Ausick]

    Halliburton Co. (NYSE: HAL) reported first-quarter 2018 results before markets opened Monday. The oil and gas services company posted adjusted diluted earnings per share (EPS) of $0.41 on revenues of $5.74 billion. In the same period a year ago, the company reported EPS of $0.04 on revenues of $4.28 billion. First-quarter results also compare to consensus estimates for EPS of $0.41 per share and $5.75 billion in revenues.

Top Oil Stocks To Own For 2019: Magellan Midstream Partners L.P.(MMP)

Advisors’ Opinion:

  • [By Ethan Ryder]

    Get a free copy of the Zacks research report on Magellan Midstream Partners (MMP)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By ]

    That means pipelines are equally busy carrying all that raw crude into these refineries and then carrying out gasoline, diesel and other finished products. So you’d think these would be boon times for Magellan Midstream Partners (NYSE: MMP), which owns 10,000 miles of pipeline that connect with 50% of the nation’s refinery capacity.

  • [By Danny Vena, Timothy Green, and Reuben Gregg Brewer]

    With that in mind, we asked three Motley Fool investors to choose companies they believed would help baby boomers reach their goals. They offered convincing arguments for Magellan Midstream Partners, L.P. (NYSE:MMP), General Motors Company (NYSE:GM), and Amazon.com, Inc. (NASDAQ:AMZN).

  • [By Matthew DiLallo]

    The best dividend growth stocks are those that give their investors a raise year in and year out. However, some companies aim even higher by providing their investors with increases every quarter. Two of these dividend dynamos are Magellan Midstream Partners (NYSE:MMP) and MPLX (NYSE:MPLX), which both should have plenty of fuel to continue increasing their payouts each quarter for at least the next few years. 

  • [By Tyler Crowe]

    Oil and gas investors have been through the wringer over the past few years. Even the most stable investments in this industry — pipelines, processing, and logistics — haven’t been spared. Case in point: Shares of Magellan Midstream Partners (NYSE:MMP) have declined 18% over the past three years despite the company posting consistent revenue and cash flow growth. To top it off, there has been a slew of regulatory and tax changes in recent months that will have a significant impact on this particular industry.

Top Oil Stocks To Own For 2019: Range Resources Corporation(RRC)

Advisors’ Opinion:

  • [By Ethan Ryder]

    Get a free copy of the Zacks research report on Range Resources (RRC)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Joseph Griffin]

    Media headlines about Range Resources (NYSE:RRC) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Range Resources earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave media headlines about the oil and gas exploration company an impact score of 46.3371462950661 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

  • [By Tyler Crowe, Matthew DiLallo, and Reuben Gregg Brewer]

    So we asked three of our investing contributors to each highlight a company they think has a compelling investment case right now in the oil and gas industry. Here’s why they selected Devon Energy (NYSE:DVN), Range Resources (NYSE:RRC), and ExxonMobil (NYSE:XOM).

Top Oil Stocks To Own For 2019: Transocean Inc.(RIG)

Advisors’ Opinion:

  • [By Dan Caplinger]

    The stock market lost ground on Monday, although the declines in some major benchmarks were more extreme than others. A budding financial crisis in Turkey once again captured the attention of investors, as the threat of rising tariffs and escalating diplomatic tension could drive a wedge through the North Atlantic Treaty Organization at a critical time for the geopolitical environment in the region. The repercussions of recent events involving Turkey echoed around the world, and some companies felt the tremors more sharply than others. First Majestic Silver (NYSE:AG), Turkcell Iletisim Hizmetleri (NYSE:TKC), and Transocean (NYSE:RIG) were among the worst performers on the day. Here’s why they did so poorly.

  • [By Logan Wallace]

    American International Group Inc. grew its position in shares of Transocean LTD (NYSE:RIG) by 7.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 872,019 shares of the offshore drilling services provider’s stock after buying an additional 62,611 shares during the quarter. American International Group Inc.’s holdings in Transocean were worth $8,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

  • [By Joseph Griffin]

    CenturyLink Investment Management Co trimmed its stake in Transocean LTD (NYSE:RIG) by 10.7% during the third quarter, Holdings Channel reports. The fund owned 97,454 shares of the offshore drilling services provider’s stock after selling 11,676 shares during the period. CenturyLink Investment Management Co’s holdings in Transocean were worth $1,359,000 as of its most recent filing with the Securities & Exchange Commission.

  • [By Joseph Griffin]

    An issue of Transocean LTD (NYSE:RIG) debt rose 1.3% as a percentage of its face value during trading on Wednesday. The debt issue has a 6.8% coupon and will mature on March 15, 2038. The debt is now trading at $84.56 and was trading at $83.13 one week ago. Price moves in a company’s debt in credit markets often predict parallel moves in its stock price.

  • [By Max Byerly]

    ValuEngine upgraded shares of Transocean (NYSE:RIG) from a hold rating to a buy rating in a research note released on Wednesday morning.

    Several other research firms have also recently issued reports on RIG. Bank of America increased their price objective on Transocean from $12.00 to $13.00 and gave the stock a neutral rating in a research report on Wednesday, April 18th. Citigroup increased their price objective on Transocean from $15.00 to $16.00 and gave the stock a buy rating in a research report on Monday, April 30th. Susquehanna Bancshares set a $11.00 price objective on Transocean and gave the stock a hold rating in a research report on Friday, January 12th. Cowen set a $11.00 price objective on Transocean and gave the stock a hold rating in a research report on Thursday, January 11th. Finally, Piper Jaffray set a $11.00 price objective on Transocean and gave the stock a hold rating in a research report on Wednesday, January 10th. Eight investment analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $11.79.

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