After a blockbuster start to the year, energy stocks have been range-bound. But one top technical analyst says a group within the sector is poised to charge higher.
Oil refinery stocks look particularly well-positioned, according to Ari Wald, head of technical analysis at Oppenheimer. He gushed about one refiner within the group, Andeavor, in a recent note to clients, "What a Great Chart: Buy ANDV."
He explained on CNBC's "Trading Nation" why he's so bullish on refiners, and on Andeavor in particular. Here's what Wald said.
· The oil refinery group is well-positioned due to broad-based strength, as well as relative strength.
· Shares of oil refiner Andeavor have soared 32 percent this year, far outperforming the energy-tracking XLE ETF, which has risen 7 percent during the same period. Crude oil, meanwhile, is up 15 percent this year.
Top 5 Energy Stocks For 2019: Atlas Energy, L.P.(ATLS)
Advisors' Opinion:- [By Max Byerly]
Atlas Energy Group (OTCMKTS: ATLS) and Transglobe Energy (NASDAQ:TGA) are both small-cap oils/energy companies, but which is the better business? We will compare the two companies based on the strength of their analyst recommendations, institutional ownership, profitability, valuation, risk, dividends and earnings.
Top 5 Energy Stocks For 2019: National Oilwell Varco, Inc.(NOV)
Advisors' Opinion:- [By Stephan Byrd]
Gabelli reiterated their buy rating on shares of National-Oilwell Varco (NYSE:NOV) in a research note published on Monday morning. Gabelli also issued estimates for National-Oilwell Varco’s FY2019 earnings at $0.40 EPS and FY2023 earnings at $3.25 EPS.
- [By Matthew DiLallo]
After steadily improving for several quarters, National Oilwell Varco's (NYSE:NOV) recovery hit a speedbump in the first quarter of 2018. Revenue declined 9% from the previous quarter and missed its forecast due to several issues. However, one thing the company's management team made clear on the accompanying conference call was that while the quarter was a disappointment, they're increasingly optimistic about what they see ahead.
- [By Logan Wallace]
Get a free copy of the Zacks research report on National Oilwell Varco (NOV)
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- [By Logan Wallace]
National Oilwell Varco (NYSE: NOV) and DistributionNOW (NYSE:DNOW) are both oils/energy companies, but which is the better business? We will contrast the two companies based on the strength of their dividends, analyst recommendations, earnings, risk, institutional ownership, valuation and profitability.
- [By Logan Wallace]
National-Oilwell Varco, Inc. (NYSE:NOV) – Equities researchers at Jefferies Financial Group upped their FY2018 earnings per share (EPS) estimates for National-Oilwell Varco in a research note issued to investors on Wednesday, February 6th. Jefferies Financial Group analyst B. Handler now anticipates that the oil and gas exploration company will post earnings of ($0.02) per share for the year, up from their previous forecast of ($0.06). Jefferies Financial Group has a “Hold” rating and a $41.00 price objective on the stock. Jefferies Financial Group also issued estimates for National-Oilwell Varco’s Q4 2018 earnings at $0.09 EPS.
Top 5 Energy Stocks For 2019: Continental Resources, Inc.(CLR)
Advisors' Opinion:- [By Max Byerly]
Piper Jaffray Companies reiterated their buy rating on shares of Continental Resources (NYSE:CLR) in a research report released on Thursday morning. Piper Jaffray Companies currently has a $77.00 target price on the oil and natural gas company’s stock. Piper Jaffray Companies also issued estimates for Continental Resources’ Q3 2018 earnings at $0.81 EPS, Q4 2018 earnings at $0.87 EPS, FY2018 earnings at $3.09 EPS, Q1 2019 earnings at $0.85 EPS, Q2 2019 earnings at $0.87 EPS, Q3 2019 earnings at $0.95 EPS, Q4 2019 earnings at $1.04 EPS, FY2019 earnings at $3.71 EPS, Q1 2020 earnings at $1.09 EPS, Q2 2020 earnings at $1.04 EPS and FY2020 earnings at $4.29 EPS.
- [By Joseph Griffin]
These are some of the media stories that may have effected Accern’s analysis:
Get Continental Resources alerts: Iran's Oil Production and Exports Could Help Crude Oil Bulls (finance.yahoo.com) The Cash Flow King (investingdaily.com) Continental Resources Can Soar Without Bottlenecks (seekingalpha.com) Are Options Traders Betting on a Big Move in Continental Resources (CLR) Stock? (zacks.com) Why Aren’t Permian Oil Producers Profitable? (oilprice.com)Shares of NYSE CLR traded down $0.40 during mid-day trading on Tuesday, hitting $64.21. The company’s stock had a trading volume of 2,923,330 shares, compared to its average volume of 2,421,609. The firm has a market capitalization of $25.63 billion, a PE ratio of 125.90 and a beta of 1.27. The company has a current ratio of 0.93, a quick ratio of 0.85 and a debt-to-equity ratio of 1.15. Continental Resources has a one year low of $29.08 and a one year high of $69.91.
- [By Matthew DiLallo]
The Bakken Shale holds an estimated 30 billion to 40 billion barrels of recoverable oil reserves according to an estimate by leading driller Continental Resources (NYSE:CLR). "It's a big number but I think it's a technically sound and a technically well-founded number," said company president Jack Stark at a recent industry conference. If it holds true, that number puts the Bakken up there with some of the largest oil fields in the world.
- [By Logan Wallace]
Clearwater Seafoods (TSE:CLR) Director Richard Lawrence Gillis Hood sold 6,200 shares of the firm’s stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of C$4.90, for a total value of C$30,380.00.
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Continental Resources (NYSE:CLR) and Chesapeake Granite Wash Trust (NYSE:CHKR) are both oils/energy companies, but which is the superior investment? We will contrast the two companies based on the strength of their dividends, risk, valuation, analyst recommendations, profitability, institutional ownership and earnings.
Top 5 Energy Stocks For 2019: SM Energy Company(SM)
Advisors' Opinion:- [By Joseph Griffin]
SM Energy (NYSE:SM) had its target price lifted by Citigroup to $29.00 in a report issued on Friday morning, The Fly reports. The brokerage currently has a neutral rating on the energy company’s stock.
- [By Max Byerly]
SM Energy Co (NYSE:SM) has received an average recommendation of “Buy” from the twenty-four analysts that are covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $30.80.
- [By Stephan Byrd]
SM Energy (NYSE:SM) – Equities research analysts at Seaport Global Securities lifted their Q2 2018 earnings per share estimates for shares of SM Energy in a research report issued on Wednesday, May 23rd. Seaport Global Securities analyst M. Kelly now anticipates that the energy company will post earnings per share of ($0.08) for the quarter, up from their prior forecast of ($0.09). Seaport Global Securities also issued estimates for SM Energy’s Q3 2018 earnings at $0.00 EPS, FY2018 earnings at $0.06 EPS, Q1 2019 earnings at $0.00 EPS, Q2 2019 earnings at $0.06 EPS, Q3 2019 earnings at $0.35 EPS, Q4 2019 earnings at $0.48 EPS and FY2019 earnings at $0.89 EPS.
- [By Logan Wallace]
Scotia Howard Weill upgraded shares of SM Energy (NYSE:SM) from a sector perform rating to a sector outperform rating in a research note published on Thursday morning.
- [By Ethan Ryder]
SM Energy Co (NYSE:SM) gapped up prior to trading on Tuesday . The stock had previously closed at $32.22, but opened at $32.20. SM Energy shares last traded at $31.49, with a volume of 60289 shares trading hands.
- [By Matthew DiLallo]
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Top 5 Energy Stocks For 2019: Pioneer Energy Services Corp.(PES)
Advisors' Opinion:- [By Stephan Byrd]
TIAA CREF Investment Management LLC decreased its holdings in shares of Pioneer Energy Services (NYSE:PES) by 34.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 174,740 shares of the oil and gas company’s stock after selling 93,636 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.22% of Pioneer Energy Services worth $533,000 as of its most recent filing with the Securities and Exchange Commission.
- [By Ethan Ryder]
ValuEngine upgraded shares of Pioneer Energy Services (NYSE:PES) from a hold rating to a buy rating in a report issued on Saturday morning.
Other equities analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Pioneer Energy Services from a hold rating to a buy rating and set a $5.00 price target on the stock in a research report on Tuesday, May 8th. Jefferies Group set a $4.00 target price on shares of Pioneer Energy Services and gave the stock a buy rating in a research report on Monday, February 26th. Finally, Capital One reaffirmed an overweight rating on shares of Pioneer Energy Services in a research report on Friday, February 16th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $3.35.
- [By Ethan Ryder]
Pioneer Energy Services (NYSE: PES) and Key Energy Services (NYSE:KEG) are both small-cap oils/energy companies, but which is the better business? We will contrast the two businesses based on the strength of their valuation, analyst recommendations, earnings, profitability, institutional ownership, dividends and risk.
- [By Shane Hupp]
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- [By Jason Hall]
Shares of a handful of small independent oil and gas producers, as well as a number of smaller oilfield service and equipment providers fell more than 10% on May 25. Profire Energy, Inc. (NASDAQ:PFIE), which manufactures burner management systems for oil and gas companies, fell 14.5%, while offshore energy industry transportation specialist Bristow Group Inc (NYSE:BRS) fell 12.6%. Onshore drilling contractor Pioneer Energy Services Corp (NYSE:PES) and offshore oil and gas producer W&T Offshore, Inc. both fell 11.4%, while independent oil and gas producers California Resources Corp (NYSE:CRC) and Ultra Petroleum Corp (NASDAQ:UPL) fell 10.5% and 10%, respectively.
- [By Max Byerly]
Baytex Energy (NYSE: BTE) and Pioneer Energy Services (NYSE:PES) are both small-cap oils/energy companies, but which is the better stock? We will compare the two businesses based on the strength of their institutional ownership, analyst recommendations, profitability, earnings, valuation, risk and dividends.
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