Source: ThinkstockJanuary 3, 2018: The S&P 500 closed up 0.6% at 2,713.00. The DJIA closed up 0.4% at 24,922.27. Separately, the Nasdaq was up 0.8% at 7,065.53.
Wednesday was another positive day for the U.S. broad markets, with all major exchanges hitting a new record high. Although this is only the second trading day of 2018, the markets seem to be off to a running start. Crude oil pushed above $60, and with this breakthrough it looks to push even higher. The S&P 500 sectors were practically all positive. The best performing sectors were energy and health care, up 1.5% and 1.0%, respectively. The worst performing sector was utilities, down 0.7%.
Crude oil was up 2.2% at $61.72.
Gold was relatively flat at $1,317.20.
Top 10 Energy Stocks To Buy For 2019: PetroChina Company Limited(PTR)
Advisors' Opinion:- [By Ethan Ryder]
These are some of the news stories that may have effected Accern Sentiment’s analysis:
Get PetroChina alerts: PetroChina Company Limited (PTR) Receives Consensus Rating of “Buy” from Analysts (americanbankingnews.com) PetroChina to spend 5.3 bln yuan on Chongqing gas storage: Xinhua (reuters.com) UPDATE: Bernstein Upgrades Petrochina (PTR) to Outperform (streetinsider.com) Kunlun Energy Company Limited — Moody’s changes Kunlun Energy’s outlook to stable from negative (finance.yahoo.com) PetroChina (PTR) Upgraded at Sanford C. Bernstein (americanbankingnews.com)Shares of PetroChina traded down $0.85, reaching $82.35, during midday trading on Friday, Marketbeat Ratings reports. The company had a trading volume of 165,409 shares, compared to its average volume of 150,236. The company has a market capitalization of $152.09 billion, a P/E ratio of 46.26 and a beta of 1.43. PetroChina has a 52-week low of $60.69 and a 52-week high of $84.10. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.55 and a current ratio of 0.82.
- [By Todd Campbell]
The following table highlights the 10 biggest energy companies by market capitalization. Some of these companies operate upstream, midstream, and downstream businesses, but all of them derive the majority of their revenue from upstream operations.
Rank Company Market Cap 1 ExxonMobil $348 billion 2 Royal Dutch Shell (NYSE:RDS-A)(NYSE:RDS-B) $286 billion 3 Chevron (NYSE:CVX) $223 billion 4 Petrochina Co. Ltd. (NYSE:PTR) $218 billion 5 Total SA (NYSE:TOT) $163 billion 6 BP Plc (NYSE:BP) $143 billion 7 China Petroleum (NYSE:SNP) $107 billion 8 Equinor ASA (NYSE:EQNR) $89 billion 9 ConocoPhillips (NYSE:COP) $84 billion 10 Schlumberger Ltd. (NYSE:SLB) $84 billionData source: Yahoo! Finance on Sept. 13, 2018.
- [By Paul Ausick]
But the Cupertino behemoth won’t be the first publicly traded company to reach that valuation. More than 10 years ago, China’s state-controlled oil giant PetroChina Co. Ltd. (NYSE: PTR) posted a market cap of $1.005 trillion on the day of its initial public offering in Shanghai. The class A shares went out at 16.7 yuan, and the stock nearly tripled on its first day of trading to 43.96 yuan. At the time it took about 7.5 yuan to equal one U.S. dollar.
- [By Danny Vena]
But you might be surprised to find that Apple is not the first company to achieve this distinction. Even more surprising: you've probably never heard of the company that beat them, PetroChina (NYSE:PTR).
Top 10 Energy Stocks To Buy 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 the latest report:
Exxon Mobil Corp. (NYSE: XOM), the country’s largest producer of natural gas, traded down less than 0.1% to $84.62, in a 52-week range of $72.16 to $89.30. Chesapeake Energy Corp. (NYSE: CHK) traded up about 1.6%, at $4.37 in a 52-week range of $2.53 to $5.60. EOG Resources Inc. (NYSE: EOG) traded down about 0.5% to $119.63. The 52-week range is $93.14 to $131.60.In addition, the United States Natural Gas ETF (NYSEARCA: UNG) traded up about 0.8%, at $23.96 in a 52-week range of $20.40 to $27.43.
- [By Tyler Crowe, Jason Hall, and Matthew DiLallo]
There are loads of management teams out there that aren't great for shareholders, but Matt, Jason, and I (Tyler here) have a few in particular that get under our skin for their poor performance. Here's why we think those running Chesapeake Energy (NYSE:CHK), Ultra Petroleum (NASDAQ:UPL), and Buckeye Partners (NYSE:BPL) should be shown the door.
- [By Matthew DiLallo]
Chesapeake Energy (NYSE:CHK) is also excited by what it sees in the PRB. The shale driller pointed out in its second-quarter report that the region was "quickly establishing itself as the growth engine of the company." That's after output in the area surged from an average of 18,000 BOE/d at the end of last year to 32,000 BOE/d by mid-July. Chesapeake expects its PRB production to reach 38,000 BOE/d by the end of this year and for it to more than double in 2019 compared to this year's average.
- [By Matthew DiLallo]
Chesapeake Energy (NYSE:CHK) was on fire last quarter, rocketing by nearly 75%, including surging 50% in the month of May alone. Several factors drove that big run-up, including higher oil prices, strong first-quarter results, and a bit of short covering.
Top 10 Energy Stocks To Buy For 2019: Black Stone Minerals, L.P.(BSM)
Advisors' Opinion:- [By Logan Wallace]
Get a free copy of the Zacks research report on Black Stone Minerals (BSM)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Shane Hupp]
Bitsum (CURRENCY:BSM) traded 14.1% higher against the U.S. dollar during the twenty-four hour period ending at 9:00 AM ET on August 25th. Bitsum has a total market capitalization of $203,304.00 and $61,158.00 worth of Bitsum was traded on exchanges in the last day. During the last seven days, Bitsum has traded 7.4% higher against the U.S. dollar. One Bitsum coin can now be bought for approximately $0.0002 or 0.00000003 BTC on exchanges including Stocks.Exchange and TradeOgre.
- [By Ethan Ryder]
Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Black Stone Minerals LP (NYSE:BSM) by 75.0% in the second quarter, HoldingsChannel.com reports. The firm owned 70,000 shares of the oil and gas producer’s stock after buying an additional 30,000 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Black Stone Minerals were worth $1,294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
- [By Joseph Griffin]
News headlines about Black Stone Minerals (NYSE:BSM) have been trending somewhat positive on Monday, Accern Sentiment reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Black Stone Minerals earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave press coverage about the oil and gas producer an impact score of 46.3482301445705 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
- [By Shane Hupp]
Get a free copy of the Zacks research report on Black Stone Minerals (BSM)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Logan Wallace]
Get a free copy of the Zacks research report on Black Stone Minerals (BSM)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 10 Energy Stocks To Buy For 2019: Patterson-UTI Energy, Inc.(PTEN)
Advisors' Opinion:- [By Max Byerly]
First Pacific Advisors LLC decreased its holdings in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) by 15.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,451,909 shares of the oil and gas company’s stock after selling 273,567 shares during the quarter. First Pacific Advisors LLC owned 0.65% of Patterson-UTI Energy worth $25,423,000 at the end of the most recent reporting period.
- [By Logan Wallace]
Get a free copy of the Zacks research report on Patterson-UTI Energy (PTEN)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Joseph Griffin]
Get a free copy of the Zacks research report on Patterson-UTI Energy (PTEN)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 10 Energy Stocks To Buy For 2019: Westport Innovations Inc(WPRT)
Advisors' Opinion:- [By Stephan Byrd]
News headlines about Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) have trended somewhat positive on Sunday, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Westport Fuel Systems earned a news impact score of 0.11 on Accern’s scale. Accern also assigned news stories about the auto parts company an impact score of 47.9209173885936 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
- [By Rich Smith]
Westport Fuel Systems (NASDAQ:WPRT) shareholders, who've watched their stock lose 45% of its value over the past year, got even more bad news today: Chief Financial Officer Michael Willis has resigned, and Westport doesn't have a ready replacement.
- [By Maxx Chatsko]
Shares of Westport Fuel Systems (NASDAQ:WPRT) jumped 11.9% last month, according to data provided by S&P Global Market Intelligence. But it wasn't a smooth ride for shareholders.
Top 10 Energy Stocks To Buy For 2019: Recon Technology, Ltd.(RCON)
Advisors' Opinion:- [By Shane Hupp]
Media coverage about Recon Technology (NASDAQ:RCON) has been trending positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Recon Technology earned a media sentiment score of 0.27 on Accern’s scale. Accern also assigned media headlines about the oil and gas company an impact score of 44.9374991541436 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Top 10 Energy Stocks To Buy For 2019: Geopark Ltd(GPRK)
Advisors' Opinion:- [By Logan Wallace]
Get a free copy of the Zacks research report on GeoPark (GPRK)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Shane Hupp]
Lonestar Resources US (NYSE: GPRK) and GeoPark (NYSE:GPRK) are both small-cap oils/energy companies, but which is the superior stock? We will compare the two companies based on the strength of their analyst recommendations, profitability, earnings, dividends, valuation, risk and institutional ownership.
- [By Max Byerly]
Canaccord Genuity reaffirmed their buy rating on shares of Geopark (NYSE:GPRK) in a research note published on Tuesday morning.
“We expect the Street to raise its estimates once again on the back of these strong results.”,” the firm’s analyst wrote.
Top 10 Energy Stocks To Buy For 2019: Williams Partners L.P.(WPZ)
Advisors' Opinion:- [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 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 Reuben Gregg Brewer]
There's an interesting dichotomy here, however. Crestwood was looking to stay financially disciplined, but it also needed to invest to grow. Doing both at the same time is difficult, which is why it partnered up with Con Ed in the Marcellus region, Shell Midstream Partners LP (NYSE:SHLX) and First Reserve in the Delaware Basin, and Williams Partners (NYSE:WPZ) in the Powder River basin. These agreements allow Crestwood to keep expanding its business without having to foot the entire bill for the investments.
Top 10 Energy Stocks To Buy For 2019: EQT Corporation(EQT)
Advisors' Opinion:- [By Chris Lange]
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Thursday was EQT Corp. (NYSE: EQT) which rose about 10% to $53.35. The stock's 52-week range is $43.70 to $67.84. Volume was nearly 11 million compared to the daily average volume of 3.6 million.
- [By Matthew DiLallo, Jason Hall, and Tyler Crowe]
Tyler, Jason, and I (Matt here) were recently discussing why natural gas stocks have taken it on the chin over the past year. While some have been the victim of their own mistakes, shares of many of the country's largest gas-focused producers have lost value even though oil prices have been on the upswing. For example, the country's leading gas producer, EQT Corp. (NYSE:EQT), has seen its stock tumble more than 20%, while other large gas-focused companies such as Antero Resources (NYSE:AR), Cabot Oil & Gas (NYSE:COG), and Southwestern Energy have declined between 5% and 15% over the past 12 months. Those sell-offs caught our attention. Here's what we think is weighing down gas stocks these days.
- [By Stephan Byrd]
Texas Permanent School Fund cut its holdings in shares of EQT Co. (NYSE:EQT) by 2.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 61,546 shares of the oil and gas producer’s stock after selling 1,713 shares during the quarter. Texas Permanent School Fund’s holdings in EQT were worth $3,396,000 at the end of the most recent quarter.
- [By Logan Wallace]
Shares of EQT Co. (NYSE:EQT) fell 5.3% on Wednesday after Morgan Stanley lowered their price target on the stock from $54.00 to $45.00. Morgan Stanley currently has a hold rating on the stock. EQT traded as low as $44.40 and last traded at $44.44. 3,459,800 shares traded hands during mid-day trading, an increase of 10% from the average session volume of 3,136,030 shares. The stock had previously closed at $46.93.
- [By Joseph Griffin]
Get a free copy of the Zacks research report on EQT (EQT)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 10 Energy Stocks To Buy For 2019: MPLX LP(MPLX)
Advisors' Opinion:- [By Matthew DiLallo]
That's why investors should pay attention to companies that can continuously grow their dividends, since that improves the probability that they can outperform the market. One company with plenty of fuel to continue increasing its payout is midstream master limited partnership (MLP) MPLX (NYSE:MPLX). That's one reason it tops my list of dividend growth stocks that I think investors should consider buying in October.
- [By Stephan Byrd]
Get a free copy of the Zacks research report on Mplx (MPLX)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Tyler Crowe]
While there are likely loads of candidates out there that fit this description, three companies have stood out to me as high-yielding dividend stocks you might want to consider for your portfolio: pipeline master limited partnership MPLX (NYSE:MPLX), telecommunications giant Verizon Communications (NYSE:VZ), and mining titan Rio Tinto (NYSE:RIO).
- [By Matthew DiLallo]
MPLX (NYSE:MPLX) currently expects to increase its 7.1%-yielding distribution by 10% this year. Furthermore, the MLP has $2.2 billion of expansion projects underway, which should fuel it to keep growing the payout in the future. However, an interesting catalyst developed earlier in the year when MPLX's parent company, refining giant Marathon Petroleum, agreed to buy fellow refiner Andeavor. What makes that deal interesting to MPLX is that Andeavor owns several midstream assets as well as a stake in MLP Andeavor Logistics. It seems highly likely that Marathon will eventually sell those midstream assets to MPLX as well as merge the two MLPs. Those transactions have the potential to move the needle for MPLX, which is what makes it a compelling company to watch.
- [By Tyler Crowe, Matthew DiLallo, and Reuben Gregg Brewer]
So we asked three of our Motley Fool contributors to sift through stocks in the oil industry to come up with three that investors should put on their radars. Here's why they picked MPLX LP (NYSE:MPLX), Cimarex Energy (NYSE:XEC), and ExxonMobil (NYSE:XOM).
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