The Dakota Access Pipeline isn’t fully open for business, but it’s already suffered a minor oil spill.
Early last month the controversial pipeline leaked roughly 84 gallons of crude oil in South Dakota.
The spill occurred at a rural pump station and didn’t pose a threat to the public’s drinking water, local authorities said.
“It was immediately contained and cleaned up,” said Brian Walsh, an environmental scientist at South Dakota’s Department of Environment and Natural Resources.
Walsh called the spill “relatively small” and said that while it was the first for Dakota Access in the state, such spills are not uncommon.
He said the incident was caused by a mechanical failure and mitigated by a liner that provides secondary containment.
The April 4 spill was disclosed on the agency’s website, but it gained little attention until The Associated Press reported on it on Wednesday.
Energy Transfer Partners, the pipeline’s developer, confirmed the incident in a statement, saying there was “no impact to the area” and “all remediation” was completed shortly after it occurred.
Top Oil Stocks To Watch For 2018: Halliburton Company(HAL)
Advisors’ Opinion:
- [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 ]
For top oilfield services picks, Seaport says to keep it simple: Halliburton Co. (HAL) and Hi-Crush Partners LP (HCLP) are the best bets, the firm contends.
- [By ]
Houston-based Halliburton Co. (HAL) stock fell during premarket trading Monday, April 23, despite reporting a 34% increase in revenue driven by expanding U.S. production, as the oilfield service provider experienced sand delivery challenges and took a charge related to its business in Venezuela.
Top Oil Stocks To Watch For 2018: Magellan Midstream Partners L.P.(MMP)
Advisors’ Opinion:
- [By ]
Hetty Green Would Love This Trade
It’s in Magellan Midstream Partners, L.P. (NYSE: MMP).Magellan Midstream Partners owns the longest refined petroleum products pipeline system in the country, with access to nearly 50% of the nation’s refining capacity and the ability to store more than 100 million barrels of petroleum products such as gasoline, diesel fuel and crude oil.
- [By Lisa Levin] Gainers
McDermott International, Inc. (NYSE: MDR) rose 19 percent to $7.20 in pre-market trading. Subsea 7 S.A. confirmed a $7.00 per share proposal to acquire McDermott.
Clarus Corporation (NASDAQ: CLAR) rose 18.5 percent to $8.00 in pre-market trading.
Enbridge Inc. (NYSE: ENB) rose 9.3 percent to $34.09 in pre-market trading after falling 2.41 percent on Friday.
Lannett Company, Inc. (NYSE: LCI) rose 8.4 percent to $18 in pre-market trading. Lannett named Maureen M. Cavanaugh as senior vice president and chief commercial operations officer.
Navios Maritime Midstream Partners L.P. (NYSE: NAP) rose 7.1 percent to $4.55 in pre-market trading after gaining 11.26 percent on Friday.
Corcept Therapeutics Incorporated (NASDAQ: CORT) rose 6.9 percent to $18.80 in pre-market trading after falling 3.19 percent on Friday.
Helios and Matheson Analytics Inc. (NASDAQ: HMNY) rose 5.7 percent to $2.40 in pre-market trading after falling 10.98 percent on Friday.
Vectren Corporation (NYSE: VVC) shares rose 5.6 percent to $69.20 in pre-market trading. CenterPoint Energy, Inc. (NYSE: CNP) announced plans to acquire Vectren for $72 per share in cash
Genprex, Inc. (NASDAQ: GNPX) shares rose 5.2 percent to $4.50 in pre-market trading.
Atossa Genetics Inc. (NASDAQ: ATOS) rose 5.1 percent to $3.70 in pre-market trading after declining 19.35 percent on Friday.
Sangamo Therapeutics, Inc. (NASDAQ: SGMO) shares rose 5 percent to $20 in pre-market trading.
Magellan Midstream Partners, L.P. (NYSE: MMP) shares rose 5 percent to $68.41 in pre-market trading.
Halozyme Therapeutics, Inc. (NASDAQ: HALO) shares rose 4.9 percent to $19.78 in the pre-market trading session.
Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.
- [By Reuben Gregg Brewer, Travis Hoium, and Chuck Saletta]
Often a high yield is an indication of a stock that’s facing some sort of trouble — but not always. If you take the time, you can find high-yield stocks worth buying if you look in the right places. For example, decidedly low-techLamar Advertising Company (NASDAQ:LAMR), beaten-up midstream playerMagellan Midstream Partners, LP(NYSE:MMP), and renewable power-focused TerraForm Power, Inc. (NASDAQ:TERP) come from vastly different industries. However, each of these high-yield stocks has a solid business and good growth prospects.
- [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 ]
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 Tyler Crowe, Reuben Gregg Brewer, and Travis Hoium]
With these interesting trends emerging, there’s no doubt that investors are looking at this industry. To help investors start their search for great energy investments, we asked three of our investing contributors to each highlight a stock they see as a great buy now. Here’s why they picked Magellan Midstream Partners (NYSE:MMP), Brookfield Renewable Partners (NYSE:BEP), and SunPower (NASDAQ:SPWR).
Top Oil Stocks To Watch For 2018: Whiting Petroleum Corporation(WLL)
Advisors’ Opinion:
- [By Jon C. Ogg]
Whiting Petroleum Corp. (NYSE: WLL) was raised to Overweight from Equal Weight with a $71 target price (versus a $50.48 close) at Morgan Stanley.
Tuesday’s top analyst upgrades and downgrades included DocuSign, Embraer, Goodyear, Macy’s, Micron Technologies, Raytheon, Smartsheet and more.
- [By Max Byerly]
Sheaff Brock Investment Advisors LLC purchased a new position in Whiting Petroleum Co. (NYSE:WLL) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 14,439 shares of the oil and gas exploration company’s stock, valued at approximately $489,000.
- [By Joseph Griffin]
Whiting Petroleum Co. (NYSE:WLL) – Equities research analysts at Piper Jaffray Companies lifted their Q2 2018 earnings estimates for Whiting Petroleum in a research note issued on Sunday, May 20th. Piper Jaffray Companies analyst K. Harrison now forecasts that the oil and gas exploration company will earn $0.85 per share for the quarter, up from their previous forecast of $0.33. Piper Jaffray Companies currently has a “Hold” rating and a $46.00 target price on the stock. Piper Jaffray Companies also issued estimates for Whiting Petroleum’s Q3 2018 earnings at $0.97 EPS, Q4 2018 earnings at $1.16 EPS, FY2018 earnings at $3.90 EPS, Q1 2019 earnings at $1.70 EPS, Q2 2019 earnings at $1.48 EPS, Q3 2019 earnings at $1.47 EPS, Q4 2019 earnings at $1.59 EPS and FY2019 earnings at $6.24 EPS.
Top Oil Stocks To Watch For 2018: Williams Partners L.P.(WPZ)
Advisors’ Opinion:
- [By Matthew DiLallo]
Williams Companies (NYSE:WMB) was off to a great start in 2018 thanks to the growth of its majority-owned master limited partnership,Williams Partners (NYSE:WPZ). There’s plenty more where that came from, which was clear from the comments of CEO Alan Armstrong on the accompanying quarterly conference call. While he didn’t fill in every detail about what lies ahead, he made sure investors knew that the company’s future looks bright.
- [By Dan Caplinger]
The stock market stayed in a pretty narrow range on Thursday, climbing early in the session but then slowly drifting lower through the afternoon hours. In the absence of major news, investors largely looked forward to key events like trade negotiations among the world’s largest economies. Other financial markets saw mixed moves as well, with 10-year Treasury yields climbing above 3.1% while oil prices stayed comfortably above $70 per barrel. Despite the quiet day, some companies had good news that pushed their shares sharply higher. World Wrestling Entertainment (NYSE:WWE), Chesapeake Energy (NYSE:CHK), and Williams Partners (NYSE:WPZ) 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.
- [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 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 Matthew DiLallo]
Natural gas pipeline giant Williams Companies (NYSE:WMB) announced today that it agreed to acquire the rest of its master limited partnership (MLP) Williams Partners (NYSE:WPZ) that it didn’t already own in a $10.5 billion deal. Not to be outdone, Canadian energy infrastructure giant Enbridge (NYSE:ENB) made an offer to acquire its namesake MLP Enbridge Energy Partners (NYSE:EEP), along with the rest of its publicly traded entities, including Spectra Energy Partners (NYSE:SEP). These transactions have big implications not only for investors in these entities but for those who own other pipeline companies, too.
Top Oil Stocks To Watch For 2018: 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 Max Byerly]
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
Get Encana alerts:
Encana Corp (ECA) Rising Higher 7.95% Over the Past Four Weeks (fisherbusinessnews.com) Encana Corporation (ECA) Most Active Stock Price trades 19.10% off from 200- SMA (nasdaqchronicle.com) Mid-Day Movers : Encana Corporation (NYSE:ECA), CSX Corporation (NASDAQ:CSX), MGIC Investment Corporation … (journalfinance.net) Featured Stock: Encana Corporation (ECA) (stockquote.review) Active Stock Evaluation Encana Corporation (NYSE: ECA) (financerater.com)
ECA has been the subject of a number of research analyst reports. Morgan Stanley raised shares of Encana from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $15.00 to $18.00 in a report on Wednesday, January 24th. Evercore ISI raised shares of Encana from an “in-line” rating to an “outperform” rating and upped their price target for the company from $10.84 to $16.00 in a report on Wednesday, March 7th. Zacks Investment Research downgraded shares of Encana from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Scotiabank raised shares of Encana from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $13.00 to $14.00 in a report on Friday, February 16th. Finally, Goldman Sachs cut their price target on shares of Encana from $17.25 to $14.00 and set a “buy” rating for the company in a report on Friday, April 13th. Two analysts have rated the stock with a sell rating, two have given a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $15.28.
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Already, shale companies such as Encana (ECA) , Occidental Petroleum (OXY) and Pioneer Natural Resources (PXD) , among others, are reporting higher cash flows and earnings on higher oil prices. As a result, they are paying down debt, increasing dividends and engaging in buybacks. This is a dramatic improvement in shareholder yield for the group.
