|Bid||58.99 x 1200|
|Ask||59.23 x 1800|
|Day's range||58.22 - 59.86|
|52-week range||27.00 - 95.29|
|Beta (5Y monthly)||1.49|
|PE ratio (TTM)||11.52|
|Earnings date||30 Jul 2020 - 03 Aug 2020|
|Forward dividend & yield||1.50 (2.72%)|
|Ex-dividend date||16 Jul 2020|
|1y target est||60.10|
Recovering crude prices will boost cashflow of exploration and production companies.
The Zacks Analyst Blog Highlights: Diamondback Energy, Cimarex Energy, Pioneer Natural Resources, EOG Resources and Parsley Energy
The Zacks Analyst Blog Highlights: Halliburton, Baker Hughes, EOG Resources, Parsley Energy and Pioneer Natural Resources
Oil prices have been crazy volatile this year. West Texas Intermediate, the primary U.S. oil price benchmark, started 2020 in the mid-$60s. Many oil market watchers believe that crude could have much further to run.
Higher crude oil prices are likely to enable upstream players to lock in higher prices for their commodities.
U.S. shale oil producers are beginning to reverse production cuts as prices recover from historic lows, underscoring shale's ability to quickly adjust to pricing and posing a challenge to OPEC as it considers extending production curbs. U.S. producers slashed output in April and May as oil prices collapsed due to a supply glut and as restrictions on populations worldwide to slow the COVID-19 pandemic destroyed fuel demand. Shale producers Parsley Energy Inc <PE.N> and EOG Resources Inc <EOG.N> on Tuesday disclosed plans to restore some or all of their output cuts.
The Zacks Analyst Blog Highlights: Diamondback Energy, EOG Resources, Pioneer Natural Resources, Valero Energy and HollyFrontier
The Zacks Analyst Blog Highlights: EOG Resources, Occidental Petroleum, ExxonMobil, Chevron and BP
Missed the slew of shale oil earnings? Here's a quick run-through of how some of the bigwigs fared in their first-quarter earnings reports.
Shares of hard-hit oil and gas exploration and production companies (E&Ps) Callon Petroleum (NYSE: CPE), Diamondback Energy (NASDAQ: FANG), and EOG Resources (NYSE: EOG) soared in April, according to data provided by S&P Global Market Intelligence. EOG's shares were up 32.3%, Diamondback's shares jumped 66.2%, and Callon's shares rocketed up 71.5% during the month. Year to date, EOG shares are down 38.3%, Diamondback's shares are down 54.4%, and Callon's stock has fallen a jaw-dropping 83.3%.
Put simply, investors who want to bet on an oil market rebound should look elsewhere. Three better oil stock options are ConocoPhillips (NYSE: COP), EOG Resources (NYSE: EOG), and Pioneer Natural Resources (NYSE: PXD).
EOG Resources' (EOG) first-quarter results are hurt by low commodity price realizations and higher operating costs, partially offset by an increase in production volumes.
EOG Resources (EOG) delivered earnings and revenue surprises of -24.66% and 17.21%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Employees at the largest U.S. oil companies have lost around $5 billion in retirement savings since the end of 2018 because of outsized bets on their own slumping stock, according to a Reuters analysis of company disclosures, a trend exacerbated by the recent crash in oil prices. The losses spread across the 401(k) plans of some 66,000 workers underscore the dangers facing employees that do not diversify their retirement investments. The issue is most pronounced at big blue-chip corporations that have historically matched worker retirement contributions in shares and whose stocks have track records of stable growth.
The launch of a price war between Saudi Arabia and Russia drove oil prices down by about a third on Monday, sending another shockwave through an industry that has been cutting costs since the 2014-2016 price collapse. Chevron Corp, the second largest U.S. producer, joined Marathon Oil Corp, EOG Resources Inc Canada's Cenovus Energy Inc and several smaller oil producers revisiting their spending and production plans in light of OPEC's decision to pump full bore beginning next month.
Investing.com - EOG Resources (NYSE:EOG) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Cimarex Energy (XEC) fourth-quarter earnings are likely to have been supported by a rise in total production and higher oil price realization.
Pioneer Natural Resources' (PXD) fourth-quarter results are likely to be positively impacted by higher production and realized crude prices.