The U.S. Energy Information Administration (EIA) reported Wednesday afternoon that U.S. natural gas stocks decreased by 2 billion cubic feet for the week ending November 18. Analysts were expecting a storage addition of about 4 billion cubic feet. The five-year average for the week is an injection of around 3.8 billion cubic feet, and last year’s storage addition for the week totaled 4 billion cubic feet. Natural gas inventories rose by 30 billion cubic feet in the week ending November 11.
Natural gas futures for January delivery traded up about 0.2% in advance of the EIA’s report, at around $3.11 per million BTUs, and traded near $3.16 after the data release. Natural gas closed at $3.10 per million BTUs on Tuesday, after posting a 5-day high of $3.14. The 52-week range for natural gas is $2.37 to $3.56. One year ago the price for a million BTUs was around $2.90.
Cooler weather is finally showing up in more heavily populated east-central states and, after a brief lull in the middle of the week, are expected to show up again. The colder weather is also expected to boost sales of cold weather gear like coats and boots during the four-day, post-Thanksgiving Black Friday weekend. Here’s our take from earlier this week on the weather for the coming weekend.
Top 10 Energy Stocks To Own Right Now: Icahn Enterprises L.P.(IEP)
- [By Douglas A. McIntyre]
Icahn Enterprises L.P. (Nasdaq: IEP) is Herbalifes largest shareholder and is one of the Companys longest-standing shareholders having first acquired shares at the end of 2012, almost six years ago. In fact, of the 29 long equity positions currently held by IEP in its Investment segment, there are only three positions that IEP has held longer than Herbalife.
- [By ]
That being said, Icahn Enterprises (NYSE: IEP) has made the cut on at least three of four of these screens. And since we’re always looking for positive attributes, that bodes well.
- [By Rich Duprey]
Icahn Enterprises (NASDAQ:IEP) bought Tropicana in 2008 during the collapse of the financial markets. In 2010, Tropicana emerged from bankruptcy protection under a $200 million deal brokered by Icahn, which gave him control of eight casinos in Indiana, Louisiana, Mississippi, Nevada, Missouri, New Jersey, and Aruba. The Aruba resortis not included in the current deal, but will be sold at a later date.
- [By ]
Cramer was bearish on Chesapeake Energy (CHK) , Adaptimmune Therapeutics (ADAP) , Icahn Enterprises (IEP) , Bristol-Myers Squibb (BMY) , Quad/Graphics (QUAD) , Spectra Energy Partners (SEP) and L Brands (LB) .
- [By ]
Icahn Enterprises (IEP) : “I don’t really know what they own so I can’t recommend it.”
Bristol-Myers Squibb (BMY) : “They don’t have what we’re looking for. I’m going to take a pass for the moment.”
Top 10 Energy Stocks To Own Right Now: Laredo Petroleum, Inc.(LPI)
- [By Lisa Levin]
Heat Biologics, Inc. (NASDAQ: HTBX) shares tumbled 48.59 percent to close at $1.275 on Thursday after the company priced its $18,000,000 public offering.
InVivo Therapeutics Holdings Corp. (NASDAQ: NVIV) fell 38.77 percent to close at $8.26 on Thursday.
Check-Cap Ltd. (NASDAQ: CHEK) shares tumbled 27.43 percent to close at $8.81.
Achaogen, Inc. (NASDAQ: AKAO) dropped 24.76 percent to close at $11.06 in reaction to a disappointing update from an FDA AdCom panel. The FDA panel voted favorably for the company's Plazcomicin for treatment of adults with complicated urinary tract infections, but also voted against the therapy to be used as a treatment for bloodstream infections.
Anika Therapeutics, Inc. (NASDAQ: ANIK) shares declined 24.68 percent to close at $34.80 after the company posted downbeat quarterly results.
LSC Communications, Inc. (NASDAQ: LKSD) shares fell 24.22 percent to close at $12.64 following wider-than-expected Q1 loss.
Cardinal Health, Inc. (NYSE: CAH) fell 21.42 percent to close at $50.80 following downbeat quarterly profit.
Horizon Global Corporation (NYSE: HZN) dropped 20.42 percent to close at $6.00 following downbeat quarterly earnings.
Hornbeck Offshore Services, Inc. (NYSE: HOS) slipped 20.11 percent to close at $2.90 following wider-than-expected Q1 loss.
Esperion Therapeutics, Inc. (NASDAQ: ESPR) fell 19.28 percent to close at $36.93. Esperion Therapeutics stock lost roughly a third of its value Wednesday after the company reported mixed Phase III results for its leading drug candidate, bempedoic acid. JP Morgan downgraded Esperion Therapeutics from Neutral to Underweight.
Laredo Petroleum, Inc. (NYSE: LPI) declined 17.77 percent to close at $8.98 after the company reported weaker-than-expected Q1 earnings.
The Habit Restaurants, Inc. (NASDAQ: HABT) dipped 16.1 percent to close at $8.60 after the company reported downbeat quarterly results.
Arcadia Biosciences, Inc. (N
Top 10 Energy Stocks To Own Right Now: BP Prudhoe Bay Royalty Trust(BPT)
- [By Joseph Griffin]
News headlines about BP Prudhoe Bay Royalty Trust (NYSE:BPT) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. BP Prudhoe Bay Royalty Trust earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave media headlines about the oil and gas company an impact score of 46.2072909143413 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
- [By Dan Caplinger]
The stock market had a tumultuous session on Wednesday, as major benchmarks started the day weak but bounced back in the afternoon. Investors weren’t happy with the current state of geopolitical uncertainty, with trade disputes threatening to become larger problems than ever. But the release of the minutes of the latest meeting of the Federal Reserve’s monetary policy committee convinced many that the central bank will be slow to do lasting damage to the economic expansion, remaining measured in the pace of its interest rate increases. Moreover, some companies had good news that sent their shares higher. Tiffany (NYSE:TIF), BP Prudhoe Bay Royalty Trust (NYSE:BPT), and Ralph Lauren (NYSE:RL) were among the best performers on the day. Here’s why they did so well.
Top 10 Energy Stocks To Own Right Now: Tesoro Corporation(TSO)
- [By Peter Graham]
A long term performance chart shows Valero Energy Corporation along with large cap peersMarathon Petroleum Corp (NYSE: MPC) and Andeavor (NYSE: ANDV), formerlyTesoro Corporation (NYSE: TSO),all giving a similar performance whilemid capWestern Refining, Inc (NYSE: WNR) has varied a bit from its peers:
Top 10 Energy Stocks To Own Right Now: ConocoPhillips(COP)
- [By Chris Lange]
The number of ConocoPhillips (NYSE: COP) shares short rose slightly to 21.33 million from the previous level of 21.01 million. Shares were trading at $64.79, within a 52-week range of $42.27 to $71.71.
- [By Max Byerly]
ConocoPhillips (NYSE:COP) SVP Janet Langford Kelly sold 59,389 shares of the firm’s stock in a transaction dated Thursday, May 3rd. The shares were sold at an average price of $65.95, for a total value of $3,916,704.55. Following the completion of the transaction, the senior vice president now directly owns 100,600 shares in the company, valued at $6,634,570. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
- [By Chris Lange]
The number of ConocoPhillips (NYSE: COP) shares short fell to 21.01 million from the previous level of 24.44 million. Shares were trading at $69.15, within a 52-week range of $42.27 to $70.15.
Top 10 Energy Stocks To Own Right Now: Newfield Exploration Company(NFX)
- [By Ethan Ryder]
Fernwood Investment Management LLC trimmed its stake in Newfield Exploration (NYSE:NFX) by 6.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,500 shares of the energy company’s stock after selling 2,000 shares during the quarter. Fernwood Investment Management LLC’s holdings in Newfield Exploration were worth $769,000 at the end of the most recent quarter.
- [By Paul Ausick]
Newfield Exploration Co. (NYSE: NFX) traded down about 10.2% Wednesday and posted a new 52-week low of $23.10 after closing Tuesday at $25.73. The stock’s 52-week high is $40.82. Volume was approaching five times the daily average of 2.6 million shares. The independent oil & gas producer reported earnings last night.
- [By VantagePoint]
Newfield Exploration Company (NYSE: NFX) just had a bearish crossover on Friday, according to the chart. The predicted 72-hour moving average crossed below the simple 10-day moving average. If Monday's price action holds, that will serve as a confirmation the negative trend.
Top 10 Energy Stocks To Own Right Now: Tetra Technologies, Inc.(TTI)
- [By Stephan Byrd]
Tetra Technologies (NYSE: TTI) and Chaparral Energy (OTCMKTS:CHPE) are both small-cap oils/energy companies, but which is the superior investment? We will contrast the two businesses based on the strength of their institutional ownership, dividends, analyst recommendations, profitability, risk, earnings and valuation.
Top 10 Energy Stocks To Own Right Now: Valero Energy Partners LP(VLP)
- [By Shane Hupp]
Get a free copy of the Zacks research report on Valero Energy Partners (VLP)
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- [By Joseph Griffin]
Valero Energy Partners (NYSE:VLP) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
Top 10 Energy Stocks To Own Right Now: Panhandle Royalty Company(PHX)
- [By Logan Wallace]
Media headlines about Panhandle Oil and Gas (NYSE:PHX) have been trending somewhat positive on Wednesday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Panhandle Oil and Gas earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news stories about the oil and gas producer an impact score of 50.7768748674153 out of 100, indicating that recent news coverage is somewhat likely to have an impact on the stock’s share price in the near term.
Top 10 Energy Stocks To Own Right Now: Transocean Inc.(RIG)
- [By Jason Hall]
So what’s an investor to do? Owning the companies best-positioned to profit is a great place to start. Consider two of Big Oil’s finest inRoyal Dutch Shell plc (ADR)(NYSE:RDS-A)(NYSE:RDS-B)andTotal SA (ADR)(NYSE:TOT), offshore drillerTransocean LTD(NYSE:RIG) and natural gas for transportation specialistClean Energy Fuels Corp(NASDAQ:CLNE).
- [By Ethan Ryder]
D.B. Root & Company LLC acquired a new position in shares of Transocean (NYSE:RIG) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 30,040 shares of the offshore drilling services provider’s stock, valued at approximately $297,000.
- [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.
- [By Ethan Ryder]
Quantitative Systematic Strategies LLC bought a new stake in Transocean LTD (NYSE:RIG) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 13,609 shares of the offshore drilling services provider’s stock, valued at approximately $135,000.
- [By The Ticker Tape]
TD Ameritrade clients appeared to take some profits in multiple names during the period. Oil companies were popular sells with ConocoPhillips (NYSE: COP), BP PLC (ADR) (NYSE: BP), National-Oilwell Varco Inc. (NYSE: NOV), and Transocean LTD (NYSE: RIG) all net sold. Oil prices traded near three-year highs on higher global demand and possible OPEC-led production cuts. COP and BP both traded at multi-year highs, while NOV and RIG reached 52-week highs, enticing clients to take profits in all four names. Alcoa Corp. (NYSE: AA) traded at levels not seen since before the financial crisis following proposed tariffs on steel and aluminum, and was net sold. For the third month in a row, Facebook, Inc. (NASDAQ: FB) was net sold after CEO Mark Zuckerberg testified before Congress regarding the misuse of user data and a beat on earnings.
- [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).