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Southwestern Energy’s (NYSE:SWN) stock halted a prolonged slump last year, bouncing 40% by year-end. However, even with that sharp reversal, the company barely began its climb back to where it was at the beginning of 2015, which was before it plunged an unnerving 74% that year. In fact, the stock ended last year still more than 60% below its peak from two years ago:
SWN data by YCharts
Suffice it to say, there’s plenty of recovery potential as the company continues to put its awful performance during 2015 in the rearview mirror.
What fueled 2016’s recovery?
Southwestern Energy entered 2016 focused on three initiatives: Strengthening the balance sheet, enhancing margins, and optimizing its portfolio. To achieve the first aim, the company chose to temporarily halt its drilling activities until commodity prices improved, which would enable it to live within cash flow. Second, it worked with midstream partner Williams Companies (NYSE:WMB) and negotiated a reduction in certain of its gathering, transportation, and processing rates to improve margins. That transaction with Williams Companies would save Southwestern Energy $35 million in 2016 while opening new growth opportunities for both companies in the future. Finally, the company worked on several initiatives to optimize its portfolio, including selling a portion of its southwest Appalachia acreage to Antero Resources (NYSE:AR) for $450 million.
Top Energy Stocks For 2019: Carrizo Oil & Gas, Inc.(CRZO)
Advisors’ Opinion:
- [By Max Byerly]
BidaskClub upgraded shares of Carrizo Oil & Gas (NASDAQ:CRZO) from a hold rating to a buy rating in a report published on Wednesday morning.
Several other research firms have also commented on CRZO. Royal Bank of Canada reissued a buy rating and set a $29.00 price target on shares of Carrizo Oil & Gas in a research report on Thursday, July 12th. Zacks Investment Research lowered shares of Carrizo Oil & Gas from a buy rating to a hold rating in a research report on Thursday, July 26th. Stifel Nicolaus cut their price objective on shares of Carrizo Oil & Gas from $44.00 to $34.00 and set a buy rating on the stock in a report on Thursday, June 28th. Jefferies Financial Group restated a hold rating and set a $27.00 price objective on shares of Carrizo Oil & Gas in a report on Wednesday, July 18th. Finally, Williams Capital restated a buy rating and set a $41.00 price objective on shares of Carrizo Oil & Gas in a report on Monday, July 23rd. Nine equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $29.58.
- [By Max Byerly]
Carmignac Gestion raised its position in shares of Carrizo Oil & Gas Inc (NASDAQ:CRZO) by 122.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,000,000 shares of the oil and gas producer’s stock after purchasing an additional 550,000 shares during the quarter. Carmignac Gestion owned 1.22% of Carrizo Oil & Gas worth $16,000,000 as of its most recent SEC filing.
- [By Paul Ausick]
Since independent oil and gas producer Carrizo Oil & Gas Inc. (NASDAQ: CRZO) reported fourth-quarter and full-year 2017 results Tuesday morning, shares have taken a beating. Just looking at earnings per share (EPS) and revenues, the punishment seems to be worse than the crime.
- [By Logan Wallace]
VAALCO Energy (NASDAQ: CRZO) and Carrizo Oil & Gas (NASDAQ:CRZO) are both small-cap oils/energy companies, but which is the better investment? We will contrast the two companies based on the strength of their earnings, profitability, dividends, analyst recommendations, valuation, risk and institutional ownership.
- [By Max Byerly]
Shares of Carrizo Oil & Gas Inc (NASDAQ:CRZO) have been given a consensus rating of “Buy” by the twenty-four analysts that are covering the company, Marketbeat.com reports. Eleven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $26.88.
- [By Joseph Griffin]
Get a free copy of the Zacks research report on Carrizo Oil & Gas (CRZO)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top Energy Stocks For 2019: Pioneer Energy Services Corp.(PES)
Advisors’ Opinion:
- [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 Shane Hupp]
Pioneer Energy Services (NYSE:PES) Director C John Thompson sold 6,666 shares of Pioneer Energy Services stock in a transaction that occurred on Friday, May 4th. The stock was sold at an average price of $4.25, for a total transaction of $28,330.50. Following the completion of the transaction, the director now directly owns 41,818 shares in the company, valued at approximately $177,726.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
- [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.
- [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.
Top Energy Stocks For 2019: Superior Drilling Products, Inc.(SDPI)
Advisors’ Opinion:
- [By Money Morning News Team]
Superior Drilling Products Inc. (NYSE: SDPI) is based in Utah and manufactures equipment used in drilling for the natural gas and oil mining sectors.
- [By Logan Wallace]
Get a free copy of the Zacks research report on Superior Drilling Products (SDPI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Max Byerly]
Get a free copy of the Zacks research report on Superior Drilling Products (SDPI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Money Morning Staff Reports]
However, it’s unlikely Netlist repeats these returns anytime soon. After looking at last week’s top performing penny stocks, we’ll show you a penny stock on the verge of jumping over 230%…
Penny Stock Current Share Price Last Week’s Gain
Netlist Inc. (Nasdaq: NLST) $0.83 542.67%
Mannkind Corp. (Nasdaq: MNKD) $1.80 79.09%
Fred’s Inc. (Nasdaq: FRED) $2.49 73.68%
Delcath Systems Inc. (OTCMKTS: DCTH) $3.70 72.63%
Gemphire Therapeutics Inc. (Nasdaq: GEMP) $1.96 50.71%
Bellerophon Therapeutics Inc. (Nasdaq: BLPH) $1.05 47.98%
Cel-Sci Corp. (NYSE: CVM) $3.78 44.78%
ParkerVision Inc. (OTCMKTS: PRKR) $0.60 29.42%
Superior Drilling Products Inc. (NYSE: SDPI) $2.63 29.23%
LiqTech International Inc. (NYSE: LIQT) $1.50 25.20%How to Profit off This $11.1 Billion Money Pool: By following a few simple steps, one IRS directive could help set you up to receive checks of up to $1,795 every single month thanks to a genius investment. Learn more…
Top Energy Stocks For 2019: Chesapeake Energy Corporation(CHK)
Advisors’ Opinion:
- [By Ethan Ryder]
Get a free copy of the Zacks research report on Chesapeake Energy (CHK)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Dan Caplinger]
Friday was mixed on Wall Street, with the Nasdaq Composite eking out minor gains even as most other major benchmarks finished down modestly. Market participants seemed largely content to see how things played out on the geopolitical front between the U.S. and North Korea, and key reversals in other financial markets helped send 10-year Treasury rates back below 3% and also resulted in a substantial drop in crude oil prices. Despite generally quiet conditions, bad news sent shares of certain companies lower. Accuray (NASDAQ:ARAY), Cincinnati Bell (NYSE:CBB), and Chesapeake Energy (NYSE:CHK) were among the worst performers on the day. Here’s why they did so poorly.
- [By Paul Ausick]
Here’s how share prices of the largest U.S. natural gas producers reacted to the latest report:
Exxon Mobil Corp. (NYSE: XOM), the country’s largest producer of natural gas, traded down about 0.1% to $82.14, in a 52-week range of $72.16 to $89.30. Chesapeake Energy Corp. (NYSE: CHK) traded down about 0.2%, at $4.65 in a 52-week range of $2.53 to $5.60. EOG Resources Inc. (NYSE: EOG) traded down about 0.5% to $122.96. The 52-week range is $81.99 to $128.03.
Furthermore, the United States Natural Gas ETF (NYSEARCA: UNG) traded up about 1.3%, at $22.44 in a 52-week range of $20.40 to $27.92.
- [By Logan Wallace]
Get a free copy of the Zacks research report on Chesapeake Energy (CHK)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [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.
Top Energy Stocks For 2019: Seadrill Limited(SDRL)
Advisors’ Opinion:
- [By Matthew DiLallo]
Shares of Seadrill Ltd. (NYSE:SDRL) took off in September, ending the month 27.3% higher, according to data provided by S&P Global Market Intelligence. Driving the buying spree was the word that the company plans to be active in the mergers and acquisitions market and news that it signed a contract for at least one new offshore well.
- [By Jason Hall]
On June 27, shares of Seadrill Ltd (NYSE:SDRL), Diamond Offshore Drilling Inc (NYSE:DO), and Ensco PLC (NYSE:ESV) traded up more than 10% at various points. And while they’ve cooled off a bit — up 9.9%, 10.3%, and 8.9%, respectively, at recent prices — they continue to march toward today’s close with big gains. And while not quite as much as the three aforementioned companies, shares of Transocean LTD (NYSE:RIG) and Noble Corporation PLC (NYSE:NE) are showing big days as well, up 6.4% and 7.2% in late-afternoon trading.
- [By Logan Wallace]
These are some of the headlines that may have effected Accern’s scoring:
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50 days simple moving average (SMA50) Evaluation: Sprint Corporation (NYSE:S), Neonode Inc. (NASDAQ:NEON … (stocksnewspoint.com) Bright Stocks in Review: Seadrill Limited (NYSE:SDRL), Neonode Inc. (NASDAQ:NEON), The LS Starrett Company … (journalfinance.net) Zacks: Brokerages Expect Neonode Inc (NEON) to Announce -$0.01 Earnings Per Share (americanbankingnews.com) Pulling the Curtain Back on Neonode Inc (NEON) (parkcitycaller.com) Hair-Raising Facts to know about 200 Days simple moving average (SMA200): Stein Mart, Inc. (NASDAQ:SMRT … (stocksnewspoint.com)
A number of brokerages have recently weighed in on NEON. Cowen reiterated a “buy” rating and set a $1.00 target price on shares of Neonode in a research note on Friday, March 9th. Zacks Investment Research upgraded Neonode from a “sell” rating to a “hold” rating in a research note on Tuesday, February 13th.