Top 5 Oil Stocks To Buy Right Now

Related PAA Plains All American and Employee Indicted by California State Grand Jury for Alleged Violations in connection with May 19, 2015 Accidental Oil Release near Santa Barbara As Oil Rebounds, This MLP ETF Blazes A Comeback Trail Plains All American Pipeline faces charges in 2015 California oil spill (Seeking Alpha)

Goldman Sachs’ Steve Sherowski reiterated his Sell rating on Plains All American Pipeline, L.P. (NYSE: PAA), keeping the price objective at $17.00.

Top 5 Oil Stocks To Buy Right Now: Apache Corporation(APA)

Advisors’ Opinion:

  • [By Matthew DiLallo]

    Oil prices have continued rebounding this year, with the U.S. benchmark price WTI up another 7% to around $65 per barrel. That improving oil price has helped drive up most oil stocks. I say most because Devon Energy (NYSE:DVN), Apache (NYSE:APA), and Newfield Exploration (NYSE:NFX) are flat to down so far this year because investors seem to have overlooked them entirely. Because of that, they trade for a dirt-cheap valuation versus their peers, making them intriguing options to consider.

  • [By Matthew DiLallo]

    Kinder Morgan announced that it signed a letter of intent with private equity-backed EagleClaw Midstream Ventures and Apache Corporation (NYSE:APA) to develop the Permian Highway Pipeline Project. The proposed $2 billion, 430-mile pipeline would move 2 billion cubic feet of natural gas per day from the Permian to the Gulf Coast. However, the partners are evaluating the feasibility of building a larger pipeline that could move even more gas. Kinder Morgan and EagleClaw would each initially own a 50% stake in the project, though Apache has the option to acquire a 33% interest from those partners. Apache has committed to supply the pipeline with about a quarter of its initial capacity, while EagleClaw has also agreed to be a significant shipper on the proposed line, which could enter service by the end of 2020.

  • [By Jason Hall, Tyler Crowe, and John Bromels]

    If you’re shopping for great buys in the oil patch right now, three Motley Fool contributors think you should take a close look at tech-heavy but asset-light oilfield services providerCore Laboratories N.V.(NYSE:CLB), value-priced independent oil producerApache Corporation(NYSE:APA), and refining giantMarathon Petroleum Corp(NYSE:MPC).

  • [By Joseph Griffin]

    Apache Co. (NYSE:APA) – Research analysts at Capital One Financial upped their Q2 2018 earnings per share estimates for shares of Apache in a research note issued on Thursday, July 5th. Capital One Financial analyst R. Tullis now forecasts that the energy company will earn $0.37 per share for the quarter, up from their previous estimate of $0.31.

Top 5 Oil Stocks To Buy Right Now: Marathon Oil Corporation(MRO)

Advisors’ Opinion:

  • [By ]

    Presto, West Texas Intermediate crude rose 3% to $71.18, the highest since December 2014, boosting shares of oil companies including Occidental (OXY) , which gained 4.8%, Marathon (MRO) , up 3.8%, and Apache (APA) , which gained 2.5%. Spot gasoline also rose 2.7% to $2.17 a gallon, boding ill for the summer driving season in the U.S. and potentially eroding any gains middle-class Americans received from the Trump tax cuts.

  • [By Matthew DiLallo]

    The company’s Powder River Basinassets also generated strong drilling results, with several wells topping 1,000 BOE/D. Finally, while the company did drill four wells in the Bakken, it has deferred completing them until later this year. That program is one to keep an eye on given the results Marathon Oil (NYSE:MRO) delivered last quarter, when it completed record-setting wells in the Three Forks and Middle Bakken formations.

  • [By Matthew DiLallo]

    Marathon Oil (NYSE:MRO), likewise, said it would stick with its $2.3 billion drilling budget, which is enough money to grow oil and gas production in the U.S. by 25% to 30% versus last year. Because of that capital discipline, Marathon is on pace to produce more than $500 million in excess cash this year, and that’s assuming crude averages $60 a barrel.

  • [By Dan Caplinger]

    The stock market largely gained ground on Friday, although triple-digit gains for the Dow Jones Industrial Average were offset somewhat by modest losses in the Nasdaq Composite. European Union tariffs were set to take effect today on more than $3 billion in U.S. goods, representing the latest escalation in trade tensions between the U.S. and trade partners across the globe. Yet investors were ready for a break after several days of poor performance for the overall market, and good news from several companies helped set a positive mood on Wall Street. Marathon Oil (NYSE:MRO), WillScot (NASDAQ: WSC), and Del Taco Restaurants (NASDAQ:TACO) were among the best performers on the day. Here’s why they did so well.

  • [By Matthew DiLallo]

    That ability to organically discover new shale plays has saved it a ton of money. The company was able to quietly gobble up 50,000 acres in Oklahoma over a four-year period for just $750 an acre. Contrast that with rivalsDevon Energy(NYSE:DVN) andMarathon Oil(NYSE:MRO). Devon spent $1.9 billion to buy Felix Energy in late 2015 for the company’s 80,000 acres in Oklahoma, paying a whopping $23,750 an acre. Meanwhile, Marathon paid $888 million for PayRock Energy and its 61,000 acres in the state, which amounted to roughly $14,500 an acre. EOG’sdeepknowledge of shale helps it know where to look so it can lock up land for next to nothing before rivals even know what’s there.

Top 5 Oil Stocks To Buy Right Now: ConocoPhillips(COP)

Advisors’ Opinion:

  • [By Chris Lange]

    The number of ConocoPhillips (NYSE: COP) shares short dropped to 18.27 million from the previous level of 21.33 million. Shares were trading at $70.01 within a 52-week range of $42.27 to $71.71.

  • [By Matthew DiLallo]

    Several other oil companies have also steadily increased cash returns to shareholders in the last year. ConocoPhillips (NYSE:COP), for example, initially expected to repurchase $3 billion in stock through 2019. But after selling a boatload of assets last year, the company bought back that entire amount in 2017. So the company said it would buy back $1.5 billion per year through 2020, increasing its overall authorization to $7.5 billion. However, thanks to improving oil prices, the company has already boosted 2018’s buyback by $500 million — along with increasing its dividend 7.5%. And it could raise its repurchase authorization again given where crude prices are these days, and the fact that the company is on pace to achieve its debt-reduction target a year early.

  • [By John Bromels]

    If you’re looking for a compelling oil and gas industry investment, why not start at the top? The biggest U.S. oil and gas company,ExxonMobil(NYSE:XOM), had been outperforming the biggest U.S. independent oil and gas exploration and production company,ConocoPhillips(NYSE:COP), for years as the oil price downturn hurt profits.

Top 5 Oil Stocks To Buy Right Now: Halliburton Company(HAL)

Advisors’ Opinion:

  • [By Stephan Byrd]

    SemGroup (NYSE: SEMG) and Halliburton (NYSE:HAL) are both oils/energy companies, but which is the superior investment? We will compare the two businesses based on the strength of their dividends, analyst recommendations, earnings, institutional ownership, valuation, profitability and risk.

  • [By Garrett Baldwin]

    Earnings season is now in full swing, with today’s key reports fromAlphabet Inc. (Nasdaq: GOOGL) and Halliburton Co.(NYSE: HAL). Thanks to tax cuts, expectations are high. Analysts expect profit growth to top 18%, which would be the biggest jump in seven years. But there are a few bearish trends that are still lurking in the market. And if you’re serious about making money, you need to know how to harness them and target individual stocks for life-changing gains.Money MorningQuantitative Specialist Chris Johnson explains.

  • [By ]

    Houston-based Halliburton Co. (HAL) stock fell during premarket trading Monday, April 23, despite reporting a 34% increase in revenue driven by expanding U.S. production, as the oilfield service provider experienced sand delivery challenges and took a charge related to its business in Venezuela.

Top 5 Oil Stocks To Buy Right Now: Williams Partners L.P.(WPZ)

Advisors’ Opinion:

  • [By Logan Wallace]

    Williams Partners (NYSE: WPZ) and Targa Resources (NYSE:TRGP) are both large-cap oils/energy companies, but which is the better stock? We will compare the two companies based on the strength of their risk, dividends, institutional ownership, earnings, analyst recommendations, profitability and valuation.

  • [By Max Byerly]

    Get a free copy of the Zacks research report on Williams Pipeline 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.

  • [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 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 Matthew DiLallo]

    Williams Companies (NYSE:WMB) was off to a great start in 2018 thanks to the growth of its majority-owned master limited partnership,Williams Partners (NYSE:WPZ). There’s plenty more where that came from, which was clear from the comments of CEO Alan Armstrong on the accompanying quarterly conference call. While he didn’t fill in every detail about what lies ahead, he made sure investors knew that the company’s future looks bright.

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