When investors and economists hear about a Beige Book release it is rarely a report that generates serious excitement. That said, there is almost always important information about the national economy or regional economies. There is also important news about certain business sectors and the prices of certain goods and services.
The Fed’s Beige Book release for September 12, 2018, included a lot of insight around the energy sector. Oil and gas executives, workers, forecasters and investors will not want to ignore some of the comments pertaining to energy. These comments came from multiple regional Fed branches.
As a reminder, each Beige Book comes from anecdotal information and from interviews with key business contacts, economists, market experts, and other sources in each region. The most important reminder is that the Beige Book is not a commentary on the views of Federal Reserve officials.
Also worth noting was that the September 12 report was prepared at the Federal Reserve Bank of New York and was based on information collected on or before August 31.
Top 10 Energy Stocks To Own For 2019: Westport Innovations Inc(WPRT)
Advisors’ Opinion:
- [By Jason Hall]
Furthermore, having a strong financial partner in Total to help it drive adoption of heavy-duty natural gas vehicles at this time could be a huge win. Prices of oil (and therefore diesel) have been steadily climbing over the past year, and the highly anticipated near-zero-emissions natural gas engine from Cummins (NYSE:CMI) and Westport Fuel Systems (NASDAQ:WPRT) is now being shipped to customers.
- [By Daniel Miller]
Shares of Westport Fuel Systems (NASDAQ:WPRT), a provider of high-performance, low-emission engine and fuel systems, are down 10% as of 11:20 a.m. EDT after the company reported its first-quarter results.
- [By Maxx Chatsko]
The near-zero natural gas engines were created by a joint venture between Cummins (NYSE:CMI) and Westport Fuel Systems (NASDAQ:WPRT), called Cummins Westport. Unveiled on May 1, the engine lineup can be used in medium- and heavy-duty trucks, including buses, refuse vehicles, and long-haul trucks. In fact, the ISX 12N engine, as it is called, is the world’s first Class 8 on-highway truck engine to be certified near-zero by the California Air Resources Board, which sets emission standards that are followed by 16 other states. The Tesla Semi and Nikola One are both Class 8 vehicles, or what most people refer to as semis.
- [By Max Byerly]
Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPRT) has earned a consensus recommendation of “Hold” from the eight analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $4.70.
- [By Daniel Miller]
Shares of Westport Fuel Systems Inc. (NASDAQ:WPRT), a manufacturer and supplier of advanced clean fuel systems and components, are jumping 21% as of 11:40 a.m. EDT Wednesday after announcing a deal with China’s Weichai.
- [By Joseph Griffin]
Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPRT) has earned an average rating of “Buy” from the nine analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $3.86.
Top 10 Energy Stocks To Own For 2019: Adams Resources & Energy, Inc.(AE)
Advisors’ Opinion:
- [By Logan Wallace]
Aeternity (AE) uses the hashing algorithm. It launched on December 29th, 2016. Aeternity’s total supply is 273,685,830 tokens and its circulating supply is 233,020,472 tokens. The official website for Aeternity is www.aeternity.com. Aeternity’s official Twitter account is @aetrnty and its Facebook page is accessible here. The Reddit community for Aeternity is /r/Aeternity and the currency’s Github account can be viewed here.
- [By Logan Wallace]
Schwab Charles Investment Management Inc. purchased a new position in Adams Resources & Energy Inc (NYSEAMERICAN:AE) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,366 shares of the energy company’s stock, valued at approximately $277,000.
- [By Shane Hupp]
Aeternity (AE) uses the hashing algorithm. It was first traded on December 29th, 2016. Aeternity’s total supply is 273,685,830 tokens and its circulating supply is 233,020,472 tokens. Aeternity’s official Twitter account is @aetrnty and its Facebook page is accessible here. The Reddit community for Aeternity is /r/Aeternity and the currency’s Github account can be viewed here. Aeternity’s official website is www.aeternity.com.
Top 10 Energy Stocks To Own For 2019: Transocean Inc.(RIG)
Advisors’ Opinion:
- [By Max Byerly]
Ocean Rig UDW (NYSE: RIG) and Transocean (NYSE:RIG) are both mid-cap oils/energy companies, but which is the superior business? We will compare the two companies based on the strength of their profitability, earnings, valuation, risk, dividends, analyst recommendations and institutional ownership.
- [By Jason Hall]
Frankly, today’s big drop shouldn’t be a surprise for anyone. The company told us many months ago that common equity investors would only retain 2% — at most — of the company when it completed its bankruptcy proceedings, yet investors continued to pay a price for its stock that, at one point, would have made Seadrill worth nearly as much as competitors Transocean (NYSE:RIG), Diamond Offshore (NYSE:DO), and Noble Corporation (NYSE:NE) combined. But a relatively steady decline in the share price, combined with today’s big drop, seems to be finally putting Seadrill more in line with its peers.
- [By Spencer Israel]
Oil companies were popular sells for the month, including ConocoPhillips (NYSE: COP), BP p.l.c. (NYSE: BP), and Transocean Ltd. (NYSE: RIG) all net sold. Investors also net sold Alcoa Corp. (NYSE: AA), Starbucks Corporation (NYSE: CMG). and Facebook Inc. (NASDAQ: FB) in the midst of CEO Mark Zuckerberg's testimony before Congress.
- [By Tyler Crowe, Matthew DiLallo, and Reuben Gregg Brewer]
We asked three Motley Fool contributors to discuss one stock in the oil and gas space they think is a great buy right now. Here’s a rundown on their three picks: Diamondback Energy (NASDAQ:FANG), ExxonMobil (NYSE:XOM), and Transocean (NYSE:RIG).
- [By Jim Crumly]
As for individual stocks, Amazon.com (NASDAQ:AMZN) briefly broke through $1 trillion in valuation, and Transocean Ltd. (NYSE:RIG) announced plans to acquire Ocean Rig UDW (NASDAQ:ORIG).
- [By Joseph Griffin]
Shares of Transocean LTD (NYSE:RIG) have earned an average rating of “Hold” from the twenty-two analysts that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $12.80.
Top 10 Energy Stocks To Own For 2019: Atlantic Power Corporation(AT)
Advisors’ Opinion:
- [By Ethan Ryder]
ABCC Token (CURRENCY:AT) traded flat against the U.S. dollar during the 24 hour period ending at 20:00 PM ET on September 23rd. One ABCC Token token can currently be purchased for $0.0000 or 0.00000000 BTC on major cryptocurrency exchanges. ABCC Token has a market cap of $0.00 and $0.00 worth of ABCC Token was traded on exchanges in the last 24 hours. Over the last week, ABCC Token has traded flat against the U.S. dollar.
- [By Logan Wallace]
ABCC Token (CURRENCY:AT) traded flat against the US dollar during the 24 hour period ending at 7:00 AM E.T. on October 2nd. ABCC Token has a total market capitalization of $0.00 and approximately $0.00 worth of ABCC Token was traded on exchanges in the last 24 hours. In the last week, ABCC Token has traded flat against the US dollar. One ABCC Token token can now be bought for approximately $0.0000 or 0.00000000 BTC on cryptocurrency exchanges.
- [By Stephan Byrd]
AWARE (CURRENCY:AT) traded up 2.3% against the US dollar during the 1 day period ending at 18:00 PM E.T. on September 10th. AWARE has a market capitalization of $0.00 and $101,493.00 worth of AWARE was traded on exchanges in the last day. In the last seven days, AWARE has traded 22.2% lower against the US dollar. One AWARE token can currently be bought for about $0.0038 or 0.00000060 BTC on popular cryptocurrency exchanges.
Top 10 Energy Stocks To Own For 2019: Permian Basin Royalty Trust(PBT)
Advisors’ Opinion:
- [By Joseph Griffin]
Primalbase Token (CURRENCY:PBT) traded up 8.5% against the dollar during the twenty-four hour period ending at 17:00 PM E.T. on September 4th. Primalbase Token has a market capitalization of $5.13 million and $2,945.00 worth of Primalbase Token was traded on exchanges in the last 24 hours. One Primalbase Token token can now be bought for about $4,100.42 or 0.55692938 BTC on major cryptocurrency exchanges including Waves Decentralized Exchange and Tidex. Over the last seven days, Primalbase Token has traded up 6.6% against the dollar.
- [By Joseph Griffin]
Primalbase Token (CURRENCY:PBT) traded down 7.8% against the US dollar during the 24 hour period ending at 12:00 PM ET on May 22nd. Primalbase Token has a total market capitalization of $2.53 million and $838,489.00 worth of Primalbase Token was traded on exchanges in the last day. One Primalbase Token token can currently be bought for $2,024.98 or 0.24530700 BTC on popular cryptocurrency exchanges including Tidex and Waves Decentralized Exchange. During the last seven days, Primalbase Token has traded down 14.5% against the US dollar.
- [By Shane Hupp]
Primalbase Token (CURRENCY:PBT) traded 27.1% higher against the U.S. dollar during the one day period ending at 22:00 PM Eastern on February 18th. Primalbase Token has a market cap of $3.65 million and $12,179.00 worth of Primalbase Token was traded on exchanges in the last 24 hours. In the last seven days, Primalbase Token has traded 35.9% higher against the U.S. dollar. One Primalbase Token token can now be purchased for $2,917.24 or 0.74484977 BTC on cryptocurrency exchanges including Tidex and Waves Decentralized Exchange.
- [By Ethan Ryder]
Primalbase Token (CURRENCY:PBT) traded up 0% against the U.S. dollar during the 24-hour period ending at 9:00 AM Eastern on May 13th. In the last week, Primalbase Token has traded down 12.7% against the U.S. dollar. One Primalbase Token token can currently be purchased for about $2,575.27 or 0.30100000 BTC on major exchanges including Waves Decentralized Exchange and Tidex. Primalbase Token has a total market capitalization of $3.22 million and approximately $872,784.00 worth of Primalbase Token was traded on exchanges in the last day.
- [By Shane Hupp]
Primalbase Token (CURRENCY:PBT) traded up 15% against the US dollar during the one day period ending at 21:00 PM ET on October 5th. One Primalbase Token token can now be bought for about $5,129.81 or 0.77606090 BTC on popular exchanges including Tidex and Waves Decentralized Exchange. Primalbase Token has a total market capitalization of $6.41 million and $1,838.00 worth of Primalbase Token was traded on exchanges in the last 24 hours. During the last seven days, Primalbase Token has traded up 42.2% against the US dollar.
Top 10 Energy Stocks To Own For 2019: Chesapeake Energy Corporation(CHK)
Advisors’ Opinion:
- [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 0.3% to $82.83, in a 52-week range of $72.16 to $89.30. Chesapeake Energy Corp. (NYSE: CHK) traded down about 0.9%, at $5.11 in a 52-week range of $2.53 to $5.60. EOG Resources Inc. (NYSE: EOG) traded down about 0.7% to $123.76. The 52-week range is $81.99 to $128.03.
Also, the United States Natural Gas ETF (NYSEARCA: UNG) traded down about 0.6%, at $22.76 in a 52-week range of $20.40 to $27.92.
- [By Paul Ausick]
Chesapeake Energy Corp. (NYSE: CHK) traded down about 0.3% at $4.74 in a 52-week range of $2.53 to $5.20.
EOG Resources Inc. (NYSE: EOG) traded flat at $118.05. The 52-week range is $81.99 to $128.03.
- [By Logan Wallace]
Chesapeake Energy (NYSE:CHK) – Analysts at Jefferies Group boosted their Q2 2019 earnings per share estimates for shares of Chesapeake Energy in a research note issued to investors on Tuesday, May 15th. Jefferies Group analyst M. Lear now forecasts that the oil and gas exploration company will post earnings per share of $0.10 for the quarter, up from their prior estimate of $0.09. Jefferies Group also issued estimates for Chesapeake Energy’s Q1 2020 earnings at $0.22 EPS and FY2020 earnings at $0.86 EPS.
- [By Paul Ausick]
Chesapeake Energy Corp. (NYSE: CHK) dropped 3.1% Thursday to match a 52-week low of $2.80 (set yesterday) after closing at $2.89 on Wednesday. The stock’s 52-week high is $6.65. Volume was around 29 million, about equal to the daily average. The company had no specific news.
Top 10 Energy Stocks To Own For 2019: Brunswick Corporation(BC)
Advisors’ Opinion:
- [By Shane Hupp]
Get a free copy of the Zacks research report on Brunswick (BC)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Ethan Ryder]
Brunswick Co. (NYSE:BC) insider William Metzger sold 13,530 shares of the firm’s stock in a transaction that occurred on Tuesday, June 5th. The stock was sold at an average price of $67.42, for a total transaction of $912,192.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
- [By Shane Hupp]
Shares of Brunswick Co. (NYSE:BC) have been given a consensus recommendation of “Buy” by the eighteen brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and fourteen have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $71.33.
- [By Rich Duprey]
Pontoon boats are a versatile vessel as they can be used for fishing, sports, cruising, and day trips. That latter part is key because rival boatmaker Brunswick (NYSE:BC) — which Polaris used to have a business relationship with when it was in the marine market — says that overnight trips with boats are fading. Industry site Boat Industry quotes Brunswick’s freshwater boat group President Jeff Kinsey as saying, “There’s been a clear shift toward day boating, and that speaks directly to the pontoon with its seating capacity, its open space, its amenities and its comfort.”
- [By Stephan Byrd]
ILLEGAL ACTIVITY WARNING: “$1.15 Billion in Sales Expected for Brunswick Co. (BC) This Quarter” was first reported by Ticker Report and is the sole property of of Ticker Report. If you are reading this story on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be viewed at www.tickerreport.com/banking-finance/3380347/1-15-billion-in-sales-expected-for-brunswick-co-bc-this-quarter.html.
- [By Shane Hupp]
Get a free copy of the Zacks research report on Brunswick (BC)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 10 Energy Stocks To Own For 2019: NGL ENERGY PARTNERS LP(NGL)
Advisors’ Opinion:
- [By Shane Hupp]
Get a free copy of the Zacks research report on NGL Energy Partners (NGL)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Lisa Levin] Gainers
Madrigal Pharmaceuticals, Inc. (NASDAQ: MDGL) rose 65.5 percent to $179.50 in pre-market trading. Madrigal Pharma disclosed that MGL-3196 achieved liver biopsy endpoints in patients with NASH at 36 weeks in Phase 2 trial.
Viking Therapeutics, Inc. (NASDAQ: VKTX) rose 34.8 percent to $6.70 in pre-market trading after falling 4.42 percent on Wednesday.
vTv Therapeutics Inc. (NASDAQ: VTVT) shares rose 31.5 percent to $2.19 in pre-market trading after the company reported a licensing deal with Newsoara Biopharma to rights for vTv's PDE4 Inhibitor in China and other Pacific Rim territories.
Curis, Inc. (NASDAQ: CRIS) shares rose 27.2 percent to $2.90 in pre-market trading after the company reported FDA Fast Track designation for CUDC-907 development in patients with relapse, refractory diffuse large B-cell lymphoma.
Kitov Pharma Ltd (NASDAQ: KTOV) rose 16.7 percent to $2.51 in pre-market trading.
Tilly's, Inc. (NYSE: TLYS) rose 14.7 percent to $14.00 in pre-market trading as the company reported better-than-expected earnings for its first quarter and issued a strong Q2 outlook.
Express, Inc. (NYSE: EXPR) rose 14.3 percent to $10.49 in pre-market trading after the company reported better-than-expected results for its first quarter.
NGL Energy Partners LP (NYSE: NGL) rose 12.8 percent to $12.10 in pre-market trading after reporting Q4 earnings beat.
J.Jill, Inc. (NYSE: JILL) rose 11.3 percent to $6.90 in pre-market trading after the company posted upbeat quarterly earnings.
TapImmune, Inc. (NASDAQ: TPIV) shares rose 10 percent to $5.60 in pre-market trading after climbing 24.15 percent on Wednesday.
Frontline Ltd. (NYSE: FRO) rose 9.8 percent to $5.74 in pre-market trading after Q1 results beat estimates.
Tech Data Corporation (NASDAQ: TECD) rose 8.8 percent to $89.65 in pre-market trading following better-than-expected Q1 earnings.
TransEnterix, Inc. (NYSE: TRXC) shares rose 7.1 percent to $3.65 in pre-market tra - [By Stephan Byrd]
NGL Energy Partners LP (NYSE:NGL) Director James M. Collingsworth bought 25,870 shares of the company’s stock in a transaction on Tuesday, June 5th. The shares were acquired at an average price of $11.65 per share, with a total value of $301,385.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
- [By Stephan Byrd]
Shares of NGL Energy Partners LP (NYSE:NGL) have earned a consensus recommendation of “Buy” from the nine research firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $14.14.
- [By Motley Fool Transcribers]
NGL Energy Partners LP (NYSE:NGL)Q3 2019 Earnings Conference CallFeb. 11, 2019, 10:00 a.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
Top 10 Energy Stocks To Own For 2019: Natural Gas Services Group, Inc.(NGS)
Advisors’ Opinion:
- [By Joseph Griffin]
Natural Gas Services Group, Inc. Common Stock (NYSE:NGS) CEO Stephen Charles Taylor sold 1,306 shares of Natural Gas Services Group, Inc. Common Stock stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $22.51, for a total value of $29,398.06. Following the completion of the transaction, the chief executive officer now directly owns 319,982 shares of the company’s stock, valued at approximately $7,202,794.82. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
- [By Stephan Byrd]
Natural Gas Services Group, Inc. Common Stock (NYSE:NGS) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.
- [By Shane Hupp]
Natural Gas Services Group, Inc. Common Stock (NYSE:NGS) last announced its quarterly earnings data on Thursday, May 10th. The oil and gas company reported $0.02 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.02. The business had revenue of $14.72 million for the quarter, compared to analyst estimates of $17.32 million. Natural Gas Services Group, Inc. Common Stock had a net margin of 31.19% and a return on equity of 0.60%. equities analysts expect that Natural Gas Services Group, Inc. Common Stock will post 0.3 earnings per share for the current year.
Top 10 Energy Stocks To Own For 2019: Independence Contract Drilling, Inc.(ICD)
Advisors’ Opinion:
- [By Ethan Ryder]
Independence Contract (NYSE: ICD) and Pacific Drilling (OTCMKTS:PACDQ) are both small-cap oils/energy companies, but which is the better investment? We will compare the two companies based on the strength of their earnings, institutional ownership, analyst recommendations, risk, valuation, dividends and profitability.
- [By Ethan Ryder]
Get a free copy of the Zacks research report on Independence Contract Drilling (ICD)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By WWW.GURUFOCUS.COM]
For the details of AXAR CAPITAL MANAGEMENT L.P.’s stock buys and sells, go to www.gurufocus.com/guru/axar+capital+management+l.p./current-portfolio/portfolio
These are the top 5 holdings of AXAR CAPITAL MANAGEMENT L.P.SPDR S&P 500 (SPY) – 1,220,000 shares, 91.31% of the total portfolio. Stonemor Partners LP (STON) – 7,384,970 shares, 4.64% of the total portfolio. Shares added by 7.35%Patterson-UTI Energy Inc (PTEN) – 730,000 shares, 2.26% of the total portfolio. Independence Contract Drilling Inc (ICD) – 969,662 shares, 0.91% of the total portfolio. New PositionStage Stores Inc (SSI) – 3,700,000 shares, 0.82% of the total portfolio. Shares added by 6
- [By WWW.GURUFOCUS.COM]
For the details of AXAR CAPITAL MANAGEMENT L.P.’s stock buys and sells, go to www.gurufocus.com/guru/axar+capital+management+l.p./current-portfolio/portfolio
These are the top 5 holdings of AXAR CAPITAL MANAGEMENT L.P.SPDR S&P 500 (SPY) – 1,220,000 shares, 91.31% of the total portfolio. Stonemor Partners LP (STON) – 7,384,970 shares, 4.64% of the total portfolio. Shares added by 7.35%Patterson-UTI Energy Inc (PTEN) – 730,000 shares, 2.26% of the total portfolio. Independence Contract Drilling Inc (ICD) – 969,662 shares, 0.91% of the total portfolio. New PositionStage Stores Inc (SSI) – 3,700,000 shares, 0.82% of the total portfolio. Shares added by 6
- [By Motley Fool Transcribers]
Independence Contract Drilling Inc (NYSE:ICD)Q4 2018 Earnings Conference CallMarch 01, 2019, 10:00 a.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator