The stock market climbed sharply on Thursday, responding well to favorable earnings results from several corners of the market. Major benchmarks were up 1% to 2%, with particularly good performance from the Nasdaq Composite thanks to the tech sector’s outperformance during the day. Yet some stocks suffered from bad news that cast doubt on companies’ ability to benefit from generally....More>>>
Shares of oil shipper Nordic American Tankers Limited (NYSE:NAT) shot up by double digits in Monday trading, and currently occupy a berth up 13.4% as of 12:55 p.m. EDT.
The catalyst for the move: This morning, management published an open letter to its “shareholders and investors,” reassuring that its “financial position … has changed much to....More>>>
The Organization of Petroleum Exporting Countries and selected ‘non-OPEC’ oil producers have decided to extend their collective production cuts of 1.8 million barrels per day (bpd) by another nine months to March 2018, at the conclusion of their meeting in Vienna, Austria.
With Equatorial Guinea admitted to OPEC ranks without much prior intimation, that makes 14 OPEC members....More>>>
Getty Realty (NYSE:GTY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.
According to Zacks, “Getty Realty Corp. is a real estate investment trust engaged in the ownership, leasing and financing of retail motor fuel and convenience store properties and petroleum distribution....More>>>
The latest standoff between the U.S. and Iran may be leaving oil-tanker owners in more of a bind than in previous years.
As the U.S. reimposes sanctions on the Islamic Republic, firms that help ferry Iranian oil risk losing access to the American financial system, similar to earlier in the decade when such measures were enforced. Additionally, this time around, they’ll have to contend....More>>>
KR Choksey has come out with its fourth quarter (Jan-March 18) earnings estimates for the Oil & Gas sector. The brokerage house expects Indian Oil to report net profit at Rs. 7758.1 crore up 108.5% year-on-year (down 1.6% quarter-on-quarter).
Net Sales are expected to increase by 27.5 percent Y-o-Y (up 15.6 percent Q-o-Q) to Rs. 1,27,913.9 crore, according to KR Choksey.
The Permian basin space is becoming overcrowded, resulting in a situation where survival and growth are increasingly difficult, according to Bernstein.
The Permian basin is a large oil-producing basin situated in the western part of Texas and the southeastern part of New Mexico, and comprises of several component basins, including the Midland and Delaware basins.
SunCoke Energy Partners (NYSE: SXCP) and AK Steel (NYSE:AKS) are both small-cap oils/energy companies, but which is the superior stock? We will contrast the two businesses based on the strength of their analyst recommendations, institutional ownership, earnings, valuation, profitability, risk and dividends.
Risk and Volatility
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Crescent Point Energy Corp (NYSE:CPG) (TSE:CPG) – Equities research analysts at Cormark raised their FY2019 earnings per share (EPS) estimates for shares of Crescent Point Energy in a research note issued on Wednesday, June 20th. Cormark analyst A. Arif now expects that the oil and gas producer will post earnings of $0.44 per share for the year, up from their prior estimate of $0.43.
Oil prices may soon head upward, breaking out of the tight range in which theyve traded lately, a top energy analyst said Monday.Top 10 Oil Stocks To Buy Right Now: Marathon Oil Corporation(MRO)