Best Oil Stocks For 2019

U.S. equities skidded along the unchanged line in quiet trading on Tuesday. In the end, the Dow Jones Industrial Average lost a fraction, the S&P 500 lost 0.1%, the Nasdaq Composite lost 0.3% and the Russell 2000 gained 0.1%. Treasury bonds were mixed, the dollar was lower, gold gained 0.7%, and crude oil added 2.6% after hitting the highest level since 2015.

Energy stocks led the way with a 0.8% gain, while technology stocks were the laggards, down 0.7% overall, as Apple Inc. (NASDAQ:AAPL) fell 2.5% on reports it could cut its first quarter sales forecast for the iPhone X from 50 million to 30 million amid tepid demand.

iPhone manufacturer Foxconn Tech Co (OTCMKTS:FXCOF) is reportedly slowing hiring and Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) has stopped production of the A11 iPhone processor.

Best Oil Stocks For 2019: Transocean Inc.(RIG)

Advisors’ Opinion:

  • [By Todd Shriber, ETF Professor]

    None of SQZZ's equity positions account for more than 1.9 percent of the new ETF's weight. Those positions include Dow component General Electric Company (NYSE: GE), Sprint Corp (NYSE: S), Chesapeake Energy Corporation (NYSE: CHK) and Transocean LTD (NYSE: RIG).

  • [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 Paul Ausick]

    Transocean Ltd. (NYSE: RIG) dropped about 6.3% Wednesday to post a new 52-week low of $8.68 after closing Tuesday at $9.26. The 52-week high is $6.96. Volume rose to about 50% more than the daily average of about 12 million shares. The company had no specific news, but consolidation in the offshore drilling business is not a positive for Transocean or any other driller still standing by itself.

  • [By Jon C. Ogg]

    Transocean Ltd. (NYSE: RIG) was last seen trading up 17.1% at $12.91. Its volume of more than 42 million shares equated to right at 3 times normal volume. Transocean has a consensus analyst price target of $9.72 and a 52-week trading range of $7.67 to $14.50. The company has a total market cap of $4.7 billion.

  • [By Ben Levisohn]

    On Mar. 2, Transocean (RIG), just seven days after reporting earnings, announced that it would delay filing its 10-K. the timing, particularly for use at Barron’s, wasn’t great, as we had just recommended the stock in the magazine. Still Transocean’s shares weathered the news–it fell only 1.1% on that day–and now the 10-K has been filed. What does it show? RBC’sKurt Hallead andMatthew McKellar explain:

    Agence France-Presse/Getty Images

    RIG has filed its 10-K, which contains details and adjustments related to its previously disclosed tax accounting issues. Certain adjustments for immaterial errors related to accounting for operating items and items such as depreciation, interest income, and loss on impairment and disposal of assets have also been made.

    Adjustments to FY15 have increased income from continuing operations by $71mn, and net income attributable to controlling interest by $74mn. For FY15, adjustments have decreased loss from continuing operations by $66mn and decreased net loss attributable to controlling interest by $74mn.

    Shares of Transocean have dropped 2.1% to $12.78 at 2:33 p.m. today.

Best Oil Stocks For 2019: Whiting Petroleum Corporation(WLL)

Advisors’ Opinion:

  • [By Ben Levisohn]

    Whiting Petroleum (WLL) has gained 2.9% to $8.30 after reporting a smaller-than-expected loss.

    Weight Watchers International (WTW) has jumped 7.9% to $21.75 after hiring HSN’sMindy Grossman as its new CEO.

  • [By Chris Dier-Scalise]

    According to Yahoo Finance, this holds for Carrizo Oil & Gas, Inc. (NASDAQ: CRZO), which is showing 22.63 percent against the float, Whiting Petroleum Corporation (NYSE: WLL), currently at 22.55 percent, as well as several others held by the ETF. If your own short-term thesis is in line with this trend, the bear ETF might be the optimal way of approaching that industry.

  • [By Lisa Levin]

    In trading on Wednesday, energy shares fell by 0.76 percent. Meanwhile, top losers in the sector included Whiting Petroleum Corp (NYSE: WLL), down 6 percent, and Zion Oil & Gas, Inc. (NASDAQ: ZN) down 7 percent.

  • [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 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 Friday, energy shares fell 1.02 percent. Meanwhile, top losers in the sector included Whiting Petroleum Corp (NYSE: WLL), down 8 percent, and Calumet Specialty Products Partners, L.P (NASDAQ: CLMT) down 7 percent.

Best Oil Stocks For 2019: Range Resources Corporation(RRC)

Advisors’ Opinion:

  • [By Paul Ausick]

    Range Resources Corp. (NYSE: RRC) dropped about 12.8% Wednesday to register a new 52-week low of $17.71 after closing at $20.30 on Tuesday. The 52-week high is $43.60. Volume was nearly 20 million, nearly 4 times the daily average. The natural gas producer missed estimates this morning and revised its growth projections downward. It was one of several energy companies that took some price target cuts from analysts.

  • [By Ben Levisohn]

    Talk about a Barron’s bounce!Range Resources (RRC) has soared to the top of the S&P 500 today after Barron’s touted it in the pages of the magazine this weekend.

    Agence France-Presse/Getty Images

    Range Resources gained 4.1% to $28.47, while the S&P 500 slipped 0.3% to2,375.31.

    Barron’s Andrew Bary called Range Resources “an unappreciated energy play.” He explains why:

    With major market indexes at record highs, natural-gas stocks are among the few depressed industry groups. Blame a warm winter and weakening gas prices.

    Range Resources (ticker: RRC), a leading U.S. gas producer, looks undervalued. Its shares, at $27, are down 20% this year and are much below their 52-week high of $47, set last June. Range drilled the first well in the now-prolific Marcellus region of Pennsylvania more than a decade ago and amassed one of its largest land positions there610,000 acres. Its $4.2 billion purchase of Memorial Resource Development last September gave it access to what the company views as a prolific and underappreciated gas region: northern Louisiana

    Range Resources’ market capitalization rose to $7 billion today from $6.8 billion on Friday. It reported net income of $521 million on sales of $1.4 billion in 2016.

  • [By Paul Ausick]

    Range Resources Corp. (NYSE: RRC) dropped about 0.3% Friday to post a new 52-week low of $15.91 after closing at $15.95 on Thursday. The stock’s 52-week high is $39.64. Volume of around 5 million was about a third below the daily average. The forecast for natural gas demand is low and the front month contract is at its lowest point of the year. Shares have reversed their direction and are on track to post a daily gain of about 0.8%.

  • [By Matthew DiLallo]

    According to a report by PLS, producers spent more than $23 billion locking up prime positions in the Permian Basin and another $7 billion on Mid-Continent acreage acquisitions. However, most of those were smaller deals, with the top transaction weighing in at $2.5 billion. Meanwhile, the Ark-La-Tex region near the Gulf Coast quietly tied for the second hottest M&A geography in the country, largely because of Range Resources (NYSE:RRC) acquisition of Memorial Resource Development. Range Resources paid $4.2 billion, which includes the assumption of debt, to gain a leading position in the Lower Cotton Valley region of Northern Louisiana. Not only is the play saturated with natural gas, but it’s also near the Gulf Coast, which is expected to see increased demand from new petrochemical and industrial complexes as well as LNG export facilities. In other words, Range Resources made a big bet on higher gas prices along the Gulf Coast.

  • [By Paul Ausick]

    Range Resources Corp. (NYSE: RRC) fell about 4.4% Tuesday to post a new 52-week low of $14.43 after closing at $15.09 on Monday. The 52-week high is $34.93. Volume of about 15 million was nearly double the daily average of around 7.7 million shares traded. The company had no specific news.

  • [By Paul Ausick]

    Range Resources Corp. (NYSE: RRC) fell about 3.6% Monday to post a new 52-week low of $14.77 after closing at $15.30 on Friday. The 52-week high is $35.64. Volume of about 9.4 million was about 20% higher than the daily average of around 7.7 million shares traded. The company had no specific news.

Best Oil Stocks For 2019: Marathon Oil Corporation(MRO)

Advisors’ Opinion:

  • [By Jon C. Ogg]

    Marathon Oil Corporation (NYSE: MRO) shares were up a whopping 209.9% at $18.08 on Wednesday, and the 70.5 million shares at the close was almost 5 times normal trading volume. Marathon Oil has a consensus analyst price target of $18.12 and a 52-week trading range of $6.52 to $18.55. The company has a total market cap of $15 billion.

  • [By Ben Levisohn]

    Marathon Oil (MRO) tumbled to the bottom of the S&P 500 today after oil tumbled after data pointed to higher inventories of crude.

    Agence France-Presse/Getty Images

    Marathon Oildropped 8.7% to $14.87, while the S&P 500 fell 0.2% to 2,362.98, as Front Month Nymex Crude futures for April delivery slid 5.4% to $50.28., leading some to wonder if the price oil could drop below $50 a barrel.

    It wasn’t just Marathon that got clipped as the eight worst-performing stocks in the S&P 500 came from the energy sector, including Murphy Oil (MUR), which fell 6.7% to $25.87, Devon Energy (DVN), which slid 6.5% to $40.72, and Chesapeake Energy (CHK), which stumbled 6.1% to $4.94. No surprise, then, that the Energy Select Sector SPDR ETF (XLE) slumped 2.6% to $69.65.

    The oil rout began after the U.S. Energy Information Administration reported that U.S. oil inventories rose by 8.2 million barrels to reach $518.4 million, a record level.

    Marathon Oil’s market capitalization fell to $12.6 billion today from $13.8 billion yesterday. It reported a net loss of $2.1 billion on sales of $4.1 billion in 2016.

  • [By Chris Lange]

    The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Marathon Oil Corp. (NYSE: MRO) which traded down 8.7% at $14.86. The stocks 52-week range is $9.65 to $19.28. Volume was about 108% of the daily average of around 11.32 million shares. The company had no specific news but was continuing to drop from falling crude prices.

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