Top Oil Stocks To Watch For 2018

January 9, 2018: Markets opened higher Tuesday following a decline in the number of U.S. job openings and a slight decline in the small-business confidence index. The healthcare and financial sectors led the gainers while telecom and real estate lagged. WTI crude oil for February delivery settled at $62.96 a barrel, up 2% for the day it’s highest level since December 2014. February gold dropped about 0.5% on the day to settle at $1,313.70. Equities were headed for a higher close shortly before the bell as the DJIA traded up 0.52% for the day, the S&P 500 traded up 0.28%, and the Nasdaq Composite traded up 0.20%.

Bitcoin futures for January delivery traded at $14,175, down about 1.3% on the CME after opening at $14,675 this morning. Only 839 contracts had been traded in the session and open interest is just 642.

The DJIA stock posting the largest daily percentage gain ahead of the close Tuesday was The Boeing Co. (NYSE: BA) which traded up 2.69% at $318.50. The stock’s 52-week range is $156.67 to $319.85, a new 52-week high set this afternoon. Volume was about 33% above the daily average of around 3.1 million. The aerospace giant reported record deliveries for 2017 and a massive backlog going forward.

Top Oil Stocks To Watch For 2018: ONEOK Partners L.P.(OKS)

Advisors’ Opinion:

  • [By Garrett Cook]

    Citi maintains Buy ratings on Targa Resources (NYSE: TRGP), ONEOK (NYSE: OKE) and Oneok Partners (NYSE: OKS) citing the companies stories around natural gas liquids (NGLs).

  • [By Matthew DiLallo]

    Energy infrastructure companies ONEOK (NYSE:OKE) and TransCanada (NYSE:TRP) are both emerging from the energy market downturn as stronger entities. Each made smart acquisitions, with TransCanada buying U.S. gas pipeline company Columbia Pipeline Group, while ONEOK is in the process of gobbling up its MLP,ONEOK Partners (NYSE:OKS). While these deals enhanced the growth profiles of both companies, TransCanada still stands out as the better buy for long-term income investors. Here’s why.

Top Oil Stocks To Watch For 2018: Whiting Petroleum Corporation(WLL)

Advisors’ Opinion:

  • [By Paul Ausick]

    Whiting Petroleum Corp. (NYSE: WLL) dropped about 6.4% Wednesday to register a new 52-week low of $4.36 after closing at $4.66 on Tuesday. The 52-week high is $13.39. Volume was around 19 million, about 15% below the daily average. The company had no specific news.

  • [By Lisa Levin]

    In trading on Monday, energy shares were relative laggards, down on the day by about 0.67 percent. Meanwhile, top losers in the sector included Whiting Petroleum Corp (NYSE: WLL), down 5 percent, and Gulfport Energy Corporation (NASDAQ: GPOR) down 6 percent.

  • [By Lisa Levin]

    In trading on Friday, energy shares fell 0.62 percent. Meanwhile, top losers in the sector included Teekay Offshore Partners L.P. (NYSE: TOO), down 9 percent, and Whiting Petroleum Corp (NYSE: WLL), down 7 percent.

  • [By Matthew DiLallo]

    That sell-off in the oil market weighed on financially challenged oil stocks, which will struggle if crude continues dropping. Among the biggest losers were Abraxas Petroleum (NASDAQ:AXAS), Whiting Petroleum (NYSE:WLL), Denbury Resources (NYSE:DNR), California Resources (NYSE:CRC), and Cobalt International Energy (NYSE:CIE).

Top Oil Stocks To Watch For 2018: Talisman Energy Inc.(TLM)

Advisors’ Opinion:

  • [By Jayson Derrick]

    On the other hand, the analysts are Underweight on Eni SpA (ADR) (NYSE: E), Repsol Oil & Gas Canada Inc (USA) (NYSE: TLM) and OMV AG given their asset bases, which offer an inferior risk to reward profile and limited differentiation in cost reductions.

Top Oil Stocks To Watch For 2018: Apache Corporation(APA)

Advisors’ Opinion:

  • [By Chris Lange]

    The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Friday Apache Corp. (NYSE: APA) which rose about 5.7% to $44.22. The stocks 52-week range is $38.14 to $69.00. Volume was5 million compared to its average volume of 3.3 million.

  • [By WWW.THESTREET.COM]

    Cramer and the AAP team are detailing their outlook for portfolio energy names Apache (APA) and Cimarex (XEC) . Find out what they’re telling their investment club members with a free trial subscription to Action Alerts PLUS.

  • [By Lee Jackson]

    These companies also reported insider buying last week: Apache Corp. (NYSE: APA), Halliburton Co. (NYSE: HAL), Revlon Inc. (NYSE: REV), Valeant Pharmaceuticals International Inc. (NYSE: VRX) and U.S. Steel Corp. (NYSE: X).

Top Oil Stocks To Watch For 2018: ConocoPhillips(COP)

Advisors’ Opinion:

  • [By Matthew DiLallo]

    Meanwhile, ConocoPhillips (NYSE:COP) also abandoned its leases in the Chukchi Sea earlier this year. It paid $506 million for the 98 leases off Alaska’s northern coast in 2008 and had plans to drill its first exploratory well in 2014 but dropped those ambitions due to regulatory uncertainty. It has also since decided to exit deepwater exploration altogether after drilling a string of dry holes in the Gulf of Mexico, offshore Angola, and the Canadian Atlantic, Instead, ConocoPhillips plans to focus its future development efforts on lower-risk onshore shale development.

  • [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]

    In the Lightning Round, Cramer was bullish on Salesforce.com (CRM) , Paccar (PCAR) , Cummins (CMI) , ConocoPhillips (COP) , Adobe Systems (ADBE) , Annaly Capital (NLY) and Hewlett Packard Enterprise (HPE) .

  • [By Zacks]

    Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
     
    Canadian Natural Resources Limited (NYSE: CNQ): Free Stock Analysis Report
     
    Cenovus Energy Inc (NYSE: CVE): Free Stock Analysis Report
     
    Bill Barrett Corporation (NYSE: BBG): Free Stock Analysis Report
     
    ConocoPhillips (NYSE: COP): Free Stock Analysis Report
     
    To read this article on Zacks.com click here.
     
    Zacks Investment Research

Leave a Reply

Your email address will not be published. Required fields are marked *