Top 10 Oil Stocks To Watch Right Now

The markets have roared back from the December lows, with the S&P 500 up more than 13 percent. If you missed the rally, two experts say there’s still time to get in.

“I think you’re going to see incremental participation underneath the surface,” Ari Wald, head of technical analysis at Oppenheimer, said Monday on CNBC’s “Trading Nation.” “I think more and more stocks are going to slowly participate as the markets rotate their way higher as conditions improve.”

Wald noted that for investors looking to take advantage of the market recovery, stocks in the energy space are beginning to look attractive.

“I’d call out the trend improvement that we’re seeing in a lot of the midstream oil and gas companies,” he said. “We’re seeing participation really start to grow out in names like Oneok and Kinder Morgan.”

Top 10 Oil Stocks To Watch Right Now: Halliburton Company(HAL)

Advisors’ Opinion:

  • [By Jason Hall]

    In this week’s episode of Industry Focus: Energy, host Nick Sciple and Motley Fool contributor Jason Hall explain. Find out how the industry works, the biggest threats and opportunities in the industry today, and what long-term investors should know before buying in. Also, the hosts take a deep dive on two of the biggest companies in the space, Schlumberger (NYSE:SLB) and Halliburton (NYSE:HAL). Learn what differentiates the two, which one has performed better lately, and, of course, which company looks like the better long-term buy.

  • [By Joseph Griffin]

    Ferguson Wellman Capital Management Inc. purchased a new position in shares of Halliburton (NYSE:HAL) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 386,214 shares of the oilfield services company’s stock, valued at approximately $17,403,000.

  • [By Logan Wallace]

    Ladenburg Thalmann Financial Services Inc. decreased its position in shares of Halliburton (NYSE:HAL) by 2.9% during the first quarter, HoldingsChannel reports. The firm owned 43,482 shares of the oilfield services company’s stock after selling 1,312 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Halliburton were worth $2,035,000 at the end of the most recent reporting period.

Top 10 Oil Stocks To Watch Right Now: Range Resources Corporation(RRC)

Advisors’ Opinion:

  • [By Tyler Crowe]

    Companies in this region have had more measured growth plans because of the lack of pipelines. As Miller mentioned, though, improved efficiency has resulted in most companies outpacing their production growth plans. The lack of takeaway capacity has led to much lower prices for in-basin production. Range Resources (NYSE:RRC), one of the larger producers in the region, has noted that its price realizations were 10% below benchmark prices because of a lack of takeaway capacity. 

  • [By Shane Hupp]

    Toronto Dominion Bank increased its holdings in Range Resources Corp. (NYSE:RRC) by 25.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 123,421 shares of the oil and gas exploration company’s stock after purchasing an additional 24,839 shares during the period. Toronto Dominion Bank’s holdings in Range Resources were worth $1,794,000 as of its most recent SEC filing.

  • [By Ethan Ryder]

    Get a free copy of the Zacks research report on Range Resources (RRC)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [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.

  • [By Joseph Griffin]

    Media headlines about Range Resources (NYSE:RRC) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Range Resources earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave media headlines about the oil and gas exploration company an impact score of 46.3371462950661 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

  • [By Joseph Griffin]

    Range Resources Corp. (NYSE:RRC) – Research analysts at Piper Jaffray Companies upped their Q1 2019 earnings per share (EPS) estimates for Range Resources in a report issued on Monday, August 27th. Piper Jaffray Companies analyst D. Kistler now anticipates that the oil and gas exploration company will post earnings of $0.43 per share for the quarter, up from their prior forecast of $0.42. Piper Jaffray Companies has a “Buy” rating and a $27.00 price objective on the stock. Piper Jaffray Companies also issued estimates for Range Resources’ Q2 2019 earnings at $0.35 EPS, Q4 2019 earnings at $0.44 EPS, FY2019 earnings at $1.61 EPS, Q2 2020 earnings at $0.39 EPS and FY2020 earnings at $1.93 EPS.

Top 10 Oil Stocks To Watch Right Now: Whiting Petroleum Corporation(WLL)

Advisors’ Opinion:

  • [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 Logan Wallace]

    Whiting Petroleum Corp (NYSE:WLL)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $46.75, but opened at $48.93. Whiting Petroleum shares last traded at $50.12, with a volume of 80658 shares trading hands.

  • [By Jon C. Ogg]

    Whiting Petroleum Corp. (NYSE: WLL) was reiterated as Overweight and the target price was raised to $56 from $45 (versus a $50.78 close) at KeyBanc Capital Markets.

Top 10 Oil Stocks To Watch Right Now: ConocoPhillips(COP)

Advisors’ Opinion:

  • [By Matthew DiLallo]

    While those issues led many oil companies to abandon Alaska over the years, ConocoPhillips (NYSE:COP) was one of a handful that remained committed to the state’s oil potential. That commitment is starting to pay off as changes in the state’s tax code alongside some technological advancements have given the company the incentive and the tools to explore for new oil resources. Those exploration efforts are starting to get results, so much so that now ConocoPhillips is making plans to increase its wager on Alaska’s oil future.

  • [By Chris Lange]

    The number of ConocoPhillips (NYSE: COP) shares short dropped to 17.34 million from the previous level of 18.27 million. Shares were trading at $68.71, within a 52-week range of $42.27 to $71.71.

  • [By Matthew DiLallo]

    Last fall, ConocoPhillips (NYSE:COP) outlined its three-year operating plan, anticipating that it could increase production at a 5% compound annual growth rate assuming oil averaged $50 a barrel. While the return to a growth trajectory was nice to see, its forecast paled in comparison to rivals like EOG Resources (NYSE:EOG) and Anadarko Petroleum (NYSE:APC), which both project double-digit oil production growth rates over the next few years.

  • [By The Ticker Tape]

    TD Ameritrade clients appeared to take some profits in multiple names during the period. Oil companies were popular sells with ConocoPhillips (NYSE: COP), BP  PLC (ADR) (NYSE: BP), National-Oilwell Varco Inc. (NYSE: NOV), and Transocean LTD (NYSE: RIG) all net sold. Oil prices traded near three-year highs on higher global demand and possible OPEC-led production cuts. COP and BP both traded at multi-year highs, while NOV and RIG reached 52-week highs, enticing clients to take profits in all four names. Alcoa Corp. (NYSE: AA) traded at levels not seen since before the financial crisis following proposed tariffs on steel and aluminum, and was net sold. For the third month in a row, Facebook, Inc. (NASDAQ: FB) was net sold after CEO Mark Zuckerberg testified before Congress regarding the misuse of user data and a beat on earnings.

  • [By Matthew DiLallo]

    One oil stock, however, managed to go against that tide and deliver superior performance. That standout was ConocoPhillips (NYSE:COP), which generated a market-smashing total return of 15.6% last year. It was the second straight year that ConocoPhillips vastly outperformed peers, which the company attributes to a strategy shift it set in motion in late 2016. The oil giant firmly believes its plan will continue to pay dividends for investors, which was evident by the comments of CEO Ryan Lance on the fourth-quarter conference call, where he laid out why he expects the company to continue prospering.

Top 10 Oil Stocks To Watch Right Now: Encana Corporation(ECA)

Advisors’ Opinion:

  • [By Keith Noonan, Travis Hoium, and Matthew DiLallo]

    We asked three Motley Fool investors to profile some of the best under-the-radar growth stocks on the market today. Read on to see why they selected Encana (NYSE:ECA), Activision Blizzard (NASDAQ:ATVI), and Baozun (NASDAQ:BZUN) as top growth stocks for in-the-know investors.

  • [By Shane Hupp]

    Electra (CURRENCY:ECA) traded 3.4% lower against the dollar during the 24-hour period ending at 18:00 PM Eastern on June 4th. Electra has a total market capitalization of $45.83 million and approximately $326,372.00 worth of Electra was traded on exchanges in the last 24 hours. One Electra coin can currently be bought for $0.0018 or 0.00000024 BTC on cryptocurrency exchanges including Novaexchange, Octaex, Fatbtc and Cryptopia. In the last seven days, Electra has traded 12.8% higher against the dollar.

  • [By Max Byerly]

    Shares of Encana Corp (NYSE:ECA) (TSE:ECA) have been given an average rating of “Buy” by the twenty-four analysts that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, twenty-one have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $16.17.

  • [By Stephan Byrd]

    COPYRIGHT VIOLATION NOTICE: “FDx Advisors Inc. Takes Position in Encana Corp (ECA)” was first posted by Ticker Report and is owned by of Ticker Report. If you are viewing this article on another website, it was copied illegally and reposted in violation of United States and international copyright laws. The correct version of this article can be accessed at www.tickerreport.com/banking-finance/4202858/fdx-advisors-inc-takes-position-in-encana-corp-eca.html.

  • [By Max Byerly]

    Electra (CURRENCY:ECA) traded 8% higher against the U.S. dollar during the 1-day period ending at 22:00 PM ET on June 20th. In the last week, Electra has traded 12.6% higher against the U.S. dollar. Electra has a market capitalization of $34.87 million and $128,874.00 worth of Electra was traded on exchanges in the last 24 hours. One Electra coin can now be purchased for $0.0014 or 0.00000020 BTC on exchanges including Fatbtc, Novaexchange, CoinFalcon and CryptoBridge.

  • [By Joseph Griffin]

    These are some of the media stories that may have effected Accern’s scoring:

    Get Encana alerts:

    Should You Listen to This Stock? Encana Corporation (ECA) moves 51.44% away from One Year Low (nasdaqchronicle.com) Hot Mover of the Day – Encana Corporation (NYSE:ECA) (thestockgem.com) Enrapturing Stocks: Encana Corporation, (NYSE: ECA), AmTrust Financial Services, Inc., (NASDAQ: AFSI) (globalexportlines.com) Analysts, Options Traders Love This Lesser-Known Energy Stock (schaeffersresearch.com) Encana Corp (ECA) Expected to Announce Quarterly Sales of $1.12 Billion (americanbankingnews.com)

    ECA traded up $0.27 on Thursday, hitting $12.47. 9,071,326 shares of the stock were exchanged, compared to its average volume of 9,380,907. Encana has a 12 month low of $8.01 and a 12 month high of $14.31. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $11.70 billion, a price-to-earnings ratio of 29.00, a P/E/G ratio of 1.98 and a beta of 2.00.

Top 10 Oil Stocks To Watch Right Now: Apache Corporation(APA)

Advisors’ Opinion:

  • [By John Bromels]

    Three such companies that look like good buys right now are Royal Dutch Shell (NYSE:RDS-A)(NYSE:RDS-B), Enterprise Products Partners (NYSE:EPD), and Apache Corporation (NYSE:APA). Here’s why they may be good picks for your portfolio:

  • [By Logan Wallace]

    Apache (NYSE:APA)‘s stock had its “hold” rating reaffirmed by research analysts at Stifel Nicolaus in a report released on Thursday. They presently have a $49.00 price target on the energy company’s stock. Stifel Nicolaus’ target price suggests a potential upside of 11.80% from the company’s current price.

  • [By John Bromels]

    Three stocks with outsized prospects for doing just that are uniform renter Cintas (NASDAQ:CTAS), oil and gas driller Apache Corp. (NYSE:APA), and natural gas pipeline operator Kinder Morgan (NYSE:KMI). Here’s why I recommend them.

Top 10 Oil Stocks To Watch Right Now: Magellan Midstream Partners L.P.(MMP)

Advisors’ Opinion:

  • [By Matthew DiLallo]

    Magellan Midstream Partners (NYSE:MMP) is one of the best master limited partnerships (MLPs) around. The oil and refined products pipeline and storage company boasts one of the top credit ratings and financial profiles in the sector. As a result, the company’s 5.6%-yielding distribution is on rock-solid ground.

  • [By John Bromels]

    Magellan Midstream Partners (NYSE:MMP), Royal Dutch Shell (NYSE:RDS-A)(NYSE:RDS-B), and Darling Ingredients (NYSE:DAR) are three energy industry companies that are safe bets to buy and then forget about all summer long. 

  • [By Matthew DiLallo]

    Magellan Midstream Partners (NYSE:MMP) is right up there with Enterprise for having one of the best balance sheets among MLPs. That top-tier financial profile increases the company’s ability to sustain and grow its attractive 6.6%-yielding distribution. Magellan Midstream currently anticipates that it can increase that payout by another 5% this year and at a 5% to 8% rate in 2020 as it completes its current slate of expansion projects. That combination of healthy income, steady growth, and a top-notch financial profile makes Magellan Midstream an excellent option for risk-averse investors.

  • [By Reuben Gregg Brewer]

    Enbridge Inc. (NYSE:ENB) has a roughly 6% yield, while Magellan Midstream Partners, L.P. (NYSE:MMP) offers a slightly lower 5.5%. Before simply buying the higher-yielding midstream company, step back and consider the risks at each today. When you do that, the slightly lower yield at Magellan looks a lot more enticing. Here’s what you need to know to decide which is the better buy: Enbridge or Magellan.

  • [By Shane Hupp]

    Magellan Midstream Partners, L.P. (NYSE:MMP) has been given an average rating of “Hold” by the seventeen brokerages that are currently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $74.46.

  • [By Matthew DiLallo]

    Over the past five years, Magellan Midstream Partners (NYSE:MMP) has generated a total return of nearly 70%. That’s quite impressive considering that most master limited partnerships (MLPs) have lost value over that timeframe. One of the reasons the company has delivered such strong total returns is that it has steadily increased its payout even as rivals have either stopped raising their distribution, or cut it. Magellan has avoided this fate by investing within its means instead of stretching to grow at a faster pace.

Top 10 Oil Stocks To Watch Right Now: Transocean Inc.(RIG)

Advisors’ Opinion:

  • [By Matthew DiLallo]

    Shares of RigNet are up more than 18% since the announcement. However, the company’s stock price had been in rally mode well before that news, rocketing 75% since the end of July. While some notable improvements in its second-quarter results likely helped ignite this rally, the company is also benefiting from the belief that the long-awaited offshore drilling recovery is beginning to unfold. The most recent comments supporting that view came from Transocean’s (NYSE:RIG) CEO Jeremy Thigpen. He stated last week that he expects lease rates on rigs to improve, and that contracting activity should pick up in late 2019. Based on that outlook, he said that “we are far more bullish than we have been historically,” which is one reason Transocean recently made another major acquisition.

  • [By Matthew DiLallo, Jason Hall, and Tyler Crowe]

    The good news is spending is starting to bounce back in some segments, including offshore. Transocean (NYSE:RIG) recently pointed out that offshore investments in the first half of 2018 actually exceeded total 2016 offshore spending, and full-year 2018 spending is expected to be about 50% higher than last year. But unlike shale development, which can lead to new production in weeks, it’s going to take years for new offshore spending to bear results. 

  • [By Joseph Griffin]

    Shares of Transocean LTD (NYSE:RIG) have been assigned a consensus recommendation of “Hold” from the twenty-four brokerages that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $12.52.

Top 10 Oil Stocks To Watch Right Now: Marathon Oil Corporation(MRO)

Advisors’ Opinion:

  • [By Matthew DiLallo]

    Marathon Oil (NYSE:MRO) is another oil producer built for $50 oil. At that level, Marathon can generate enough cash to grow its U.S. oil production 25% to 30% this year, while at $60 oil, the company can produce $500 million in free cash — and even more at current prices. Marathon Oil has a range of options for that money, including buying back shares, boosting the dividend, paying off debt, or acquiring more drillable land.

  • [By Ethan Ryder]

    Shares of Melrose Industries PLC (LON:MRO) have received an average rating of “Buy” from the nine analysts that are currently covering the firm, MarketBeat.com reports. Nine analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have issued a report on the stock in the last year is GBX 255 ($3.30).

  • [By Matthew DiLallo]

    Marathon Oil (NYSE:MRO) delivered strong operational and financial results through the third quarter of last year, which had the company on track to end 2018 on a high note. Investors will find out whether that’s the case when the company reports its fourth-quarter results. That’s one of several things they should keep their eye on when reviewing that report.

Top 10 Oil Stocks To Watch Right Now: Williams Partners L.P.(WPZ)

Advisors’ Opinion:

  • [By Dan Caplinger]

    The stock market stayed in a pretty narrow range on Thursday, climbing early in the session but then slowly drifting lower through the afternoon hours. In the absence of major news, investors largely looked forward to key events like trade negotiations among the world’s largest economies. Other financial markets saw mixed moves as well, with 10-year Treasury yields climbing above 3.1% while oil prices stayed comfortably above $70 per barrel. Despite the quiet day, some companies had good news that pushed their shares sharply higher. World Wrestling Entertainment (NYSE:WWE), Chesapeake Energy (NYSE:CHK), and Williams Partners (NYSE:WPZ) were among the best performers on the day. Below, we’ll look more closely at these stocks to tell you why they did so well.

  • [By Lisa Levin]

    Analysts at Stifel Nicolaus downgraded Williams Partners L.P. (NYSE: WPZ) from Buy to Hold..

    Williams Partners shares fell 0.63 percent to close at $41.23 on Friday.

  • [By Matthew DiLallo]

    Natural gas pipeline giant Williams Companies (NYSE:WMB) and its MLP Williams Partners (NYSE:WPZ) reported mixed second-quarter results after the close Wednesday. Earnings declined fractionally due to asset sales and some higher costs. Cash flow, on the other hand, moved slightly higher thanks in part to lower interest expenses as a result of  debt reduction. However, while both numbers underwhelmed in Q2, they should head much higher in the coming year because Williams has several expansion projects under way that should boost its bottom line.

  • [By Shane Hupp]

    Get a free copy of the Zacks research report on Williams Partners (WPZ)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Matthew DiLallo]

    Williams Companies is in the midst of a major transition. It recently agreed to acquire the rest of its MLP, Williams Partners (NYSE:WPZ), in a $10.4 billion deal. The pipeline giant is making this acquisition so that it can more easily finance the expansion projects Williams Partners has under development. The transaction would allow it to free up some cash flow and improve its credit metrics, giving it more financial flexibility.

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