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Toward the end of trading Tuesday, the Dow traded up 0.50 percent to 20,727.45 while the NASDAQ gained 0.30 percent to 5,856.03. The S&P also rose, gaining 0.50 percent to 2,362.95.
Leading and Lagging Sectors
Energy shares climbed by 1.10 percent in trading on Tuesday. Meanwhile, top gainers in the sector included Helix Energy Solutions Group Inc (NYSE: HLX), and SunPower Corporation (NASDAQ: SPWR).
Hot Energy Stocks To Buy For 2018: California Resources Corporation(CRC)
- [By Peter Graham]
Small cap independent California oil and natural gas stock California Resources Corp (NYSE: CRC) has elevated short interest of 36.22% according to Highshortinterest.com. California Resources Corporation is the largest oil and natural gas exploration and production company in California on a gross-operated basis. The Company explores for, produces, gathers, processes and markets crude oil, natural gas and natural gas liquids exclusively in the state of California. California Resources Corp has a large portfolio of lower-risk conventional opportunities in each of Californias four major oil and gas basins: San Joaquin, Los Angeles, Ventura and Sacramento.
- [By Lisa Levin]
On Friday, the energy sector proved to be a source of strength for the market. Leading the sector was strength from Denbury Resources Inc. (NYSE: DNR) and California Resources Corp (NYSE: CRC).
- [By Matthew DiLallo]
That sell-off in the oil market weighed on financially challenged oil stocks, which will struggle if crude continues dropping. Among the biggest losers were Abraxas Petroleum (NASDAQ:AXAS), Whiting Petroleum (NYSE:WLL), Denbury Resources (NYSE:DNR), California Resources (NYSE:CRC), and Cobalt International Energy (NYSE:CIE).
- [By Andrew Efimoff]
WTI crude oil plunged 3.11 percent on Friday to $48.99 a barrel. Below are the biggest energy losers for the day:
California Resources Corporation (NYSE: CRC): -19.22%
Dynamic Materials (NASDAQ: BOOM): -12.39%
Clayton Williams Energy (NYSE: CWEI): -11.45%
Dynergy (NYSE: DYN): -11.91%
EP Energy Corporation (NYSE: EPE): -11.20%
Mexco Energy (NYSE: MXC) -10.90%
Whiting Petroleum (NYSE: WLL) -10.79%
Southwestern Energy Company (NYSE: SWN) -10.79%
SM Energy Company (NYSE: SM) -10.38%
Real Goods Solar (NASDAQ: RGSE) -10.34%
Posted-In: Commodities After-Hours Center Markets Movers
Hot Energy Stocks To Buy For 2018: Genesis Energy, L.P.(GEL)
- [By ]
Genesis Energy LP (NYSE: GEL)
Billing itself as a “growth-oriented master limited partnership,” GEL concentrates its efforts on providing services around and within refineries primarily located on the Gulf Coast. Management is committed to logical double-digit growth as well as strengthening its distribution coverage. At $20.80 per unit, GEL yields 11.8% and trades at a nearly 40% discount to its 52-week high.
- [By Lisa Levin]
Lennar Corporation (NYSE: LEN) reported better-than-expected profit for its first quarter on Tuesday.
General Mills, Inc. (NYSE: GIS) reported upbeat earnings for its fiscal third quarter, while sales missed estimates.
Genesis Energy, L.P. (NYSE: GEL) disclosed that it has priced its public offering of 4 million common units for gross proceeds of $124 million.
South State Corporation (NASDAQ: SSB) reported that it has increased its buyback plan from 250,000 shares to 1 million shares.
Hot Energy Stocks To Buy For 2018: Profire Energy, Inc.(PFIE)
- [By Monica Gerson]
Profire Energy, Inc. (NASDAQ: PFIE) is estimated to post its quarterly earnings at $0.00 per share on revenue of $6.74 million.
Posted-In: Earnings scheduleEarnings News Pre-Market Outlook Markets
Hot Energy Stocks To Buy For 2018: EOG Resources, Inc.(EOG)
- [By Paul Ausick]
EOG Resources Inc. (NYSE: EOG) traded up about 0.9% at $102.50. The 52-week range is $81.99 to $109.37.
The United States Natural Gas ETF (NYSEAMERICAN: UNG) traded down about 1.6% at $6.10 in a 52-week range of $5.86 to $9.74.
- [By Paul Ausick]
EOG Resources Inc. (NYSE: EOG) traded up about 2.2% at $97.32. The 52-week range is $57.15 to $98.32.
The United States Natural Gas ETF (NYSEMKT: UNG) traded up about 3.2% at $7.96 in a 52-week range of $5.78 to $9.64.
- [By Craig Jones]
Pete Najarian said that around 11,000 contracts of the January 100 calls in EOG Resources Inc (NYSE: EOG) were purchased on Tuesday. He likes the trade, but he thinks that these options are very expensive, so he decided to buy a call spread.
- [By Paul Ausick]
Here’s how share prices of the largest U.S. natural gas producers reacted the latest report:
Exxon Mobil Corp. (NYSE: XOM), the country’s largest producer of natural gas, traded up about 0.9%, at $75.53 in a 52-week range of $73.90 to $89.30. Chesapeake Energy Corp. (NYSE: CHK) traded up nearly 19%, at $3.13 in a 52-week range of $2.53 to $6.59. The company reported better-than-expected earnings this morning. EOG Resources Inc. (NYSE: EOG) traded up about 1.1% to $106.91. The 52-week range is $81.99 to $119.00.
Furthermore, the United States Natural Gas ETF (NYSEARCA: UNG) traded up about 0.1%, at $22.32 in a 52-week range of $20.40 to $31.72.
- [By Paul Ausick]
Here’s how share prices of the largest U.S. natural gas producers reacted to today’s report:
Exxon Mobil Corp. (NYSE: XOM), the country’s largest producer of natural gas, traded up about 0.1% to $74.35, in a 52-week range of $73.56 to $89.30. Chesapeake Energy Corp. (NYSE: CHK) traded down about 0.7%, at $3.02 in a 52-week range of $2.53 to $6.59. EOG Resources Inc. (NYSE: EOG) traded down about 0.7% to $100.14. The 52-week range is $81.99 to $119.00.
Furthermore, the United States Natural Gas ETF (NYSEARCA: UNG) traded down about 1.1%, at $22.96 in a 52-week range of $20.40 to $31.72.
- [By WWW.THESTREET.COM]
Finally, there’s EOG Resources (EOG) . The stock is putting in a double bottom and if support holds up at $91 to $93, the stock could quickly head to $106, Boroden’s work suggests.
Hot Energy Stocks To Buy For 2018: Baker Hughes Incorporated(BHI)
- [By Arie Goren]
The Oil and gas business represents a significant part of GE’s operations. Oil and gas segment revenues of $9.5 billion accounted for 10.5% of the company’s total revenues in the first nine months of 2016. In the same period in 2015, the segment’s revenues were much higher at $12.1 billion, 14.5% of GE’s total revenues for that period. In one of my previous articles about GE, I suggested that GE’s decision to combine its oil and gas business with one of the world’s leading oilfield services companies Baker Hughes (NYSE:BHI)is a smart move. Meanwhile, Brent crude oil price has climbed 20% from the beginning of 2016 to $55.45 per barrel, and WTI crude oil price has increased 17.5% to $52.37 per barrel in the same period. As such, the U.S. rig count has started to recover, and oil and gas producers have begun to increase their capital spending. According to Baker Hughes, the average U.S. rig count for December 2016 increased by 54 from the prior month to 634 rigs. This development will benefit GE in the current quarter and much more after the merger with Baker Hughes.
- [By Ben Levisohn]
Evercore ISI’s James West and team are starting to feel really good about the potential of the General Electric (GE)-Baker Hughes (BHI) merger. They explain why:
- [By Brian Wu]
GE recently doubled down on its oil and gas business after merging it with Baker Hughes (NYSE:BHI) and took a majority 62.5% stake in the merged entity. The merged entity is now the second-largest oil services business and will help GE take full advantage of increased oil and gas production under the new administration.
- [By William Patalon III]
Since the moment it was announced, we’ve been highly bullish on the complicated-but-intriguing deal that would combine the oilfield services unit of General Electric Co. (NYSE: GE) and all of sector rival Baker Hughes Inc. (NYSE: BHI).
- [By Matthew DiLallo]
Following a series of M&A announcements in the oilfield-services sector since the onset of the oil market downturn, French oil-field service company Technip and U.S. oilfield equipment company FMC Technologies (NYSE:FTI) hooked up in an all-stock deal valuing the combined company at $13 billion. Shareholders of each company will own 50% of the combined entity, to be named TechnipFMC, which implies a roughly $6.5 billion acquisition valuation for each entity. The transaction, which should close early next year, will “combine Technip’s innovative systems and solutions, state-of-the-art assets, engineering strengths, and project management capabilities with FMC Technologies’ leading technology, manufacturing, and service capabilities.” Further, it should save $400 million in annual costs by 2019. Moreover, it will enable the combined company to compete better against larger oil-field service rivals Baker Hughes (NYSE:BHI), Halliburton (NYSE:HAL), and Schlumberger (NYSE:SLB), which have all gained strength during the downturn either through M&A activities or cost savings initiatives.
- [By Tyler Crowe]
Among the year-end numbers, there isn’t that much that pops out as extraordinary. Halliburton ended 2016 with a $6.69 per-share loss. Much of that loss, though, was the $7.4 billion in charges related to asset impairments, goodwill writedowns, and the $4.06 billion it had to charge for the termination of the merger with Baker Hughes (NYSE:BHI). So when looking at the company’s year-end results, do keep in mind that those are heavily skewed by one-time items that probably won’t have much of a material impact on the business in the coming year. Looking at operational income, we see that international markets held up rather well throughout the year, while the North American market suffered.