Coal Spot Prices Remain Steady for the Second Month
On December 18–22, the PRB and Illinois Basin coal prices remained at $12.10 per short ton and $32.60 per short ton, respectively.
On December 21, the EIA released the estimate of the coal volumes produced in the US for the week ending December 16.
On December 21, 2017, the price of Brent crude oil was $64.90 per barrel—up 2.6% from $63.23 per barrel recorded on December 15.
Andeavor’s Valuations: Where Does It Stand Ahead of 4Q17 Earnings?
In the previous part, we evaluated institutional ownership in Andeavor (ANDV). In this concluding part, we will consider Andeavor’s forward valuation in comparison to peers, before its 4Q17 earnings release.…
Institutional ownership in Andeavor (ANDV) currently stands at ~83% of outstanding shares.
Andeavor completed the Western Refining acquisition in 2Q17. As a result, its 3Q17 results showed a full quarter of integrated performance of the merged entity.
Will BP’s Valuation Improve after 4Q Earnings?
After its earnings, BP (BP) was trading at a forward PE (price-to-earnings ratio) of 14.2x, below its peer average of 15.1x.
BP reported earnings on February 6, 2018. On the day, implied volatility in BP (BP) fell by 7.4% to 23.3%.
Post-earnings, BP has been rated by a total of 11 analysts. Of the total, five analysts have assigned “buy” or “strong buy” ratings, five have assigned “hold” ratings, and one has assigned a “sell” rating on the stock.
A Look at Key Trends in M&A Activity in the Permian
Upstream companies Occidental Petroleum (OXY), Carrizo Oil & Gas (CRZO), and Marathon Oil (MRO) all purchased Permian acreage for $600 million, $648 million, and $700 million, respectively.
ExxonMobil’s (XOM) institutional holdings currently stand at ~55%.
In this series, we’ll look at Energy Transfer Partners’ 2Q15 operating results, contrast actual numbers against analyst estimates, and compare individual segment contributions.
Week 6: Analysts’ Views on Diamond Offshore
In Week 6 (ended February 9, 2018), there was one recommendation revision for Diamond Offshore, and one target price revision. Reuters, citing Raymond James, wrote that “offshore drilling recovery ‘is harder than…
In Week 6 of 2018, all offshore drilling stocks fell more than 9%, marking their fourth consecutive week of decline.
Goldman Sachs raised the target price for Rowan Companies (RDC) to $15 from $11.5. The consensus 12-month target price for Rowan Companies is $15.68.
Shallow Water Drilling Permits Rose, Deepwater Permits Fell
In December 2017, no drilling permits were issued in the Gulf of Mexico’s shallow waters. In November, one drilling permit was issued.
In November 2017, one drilling permit was issued in the shallow waters of the Gulf of Mexico.
In August and September 2017, no drilling permits were issued in the shallow waters of the Gulf of Mexico.
Why Halliburton’s Dividend Yield Is Increasing
In December 2017, Halliburton (HAL) paid a quarterly dividend per share of $0.18. Halliburton’s quarterly dividend has not changed in the past 13 quarters. HAL’s steady dividend reflects management’s confidence…
Between 4Q16 and 4Q17, Halliburton’s (HAL) CFO (cash from operating activities) deteriorated marginally by 5%, to $1.01 billion from $1.06 billion. Although HAL’s revenue increased, adverse changes in working capital…
Between 4Q16 and 4Q17, Halliburton’s (HAL) total debt decreased 12%, while its cash and marketable securities decreased 42%. In effect, its net debt increased 3% to ~$8.6 billion. Although HAL’s total…
How Wall Street Views PPL Corporation ahead of 4Q17 Earnings
Among the total 15 analysts covering PPL Corporation, nine recommend the stock as a “hold” while two recommend it as a “strong buy.”
PPL Corporation (PPL) stock fell below both its moving average levels in October 2017 and has been trading significantly weak since then.
On February 15, PPL Corporation (PPL) stock was trading at an EV-to-EBITDA valuation multiple near 10.2x.
How Much Do Ethanol Prices Impact Pacific Ethanol?
Ethanol prices can have a significant impact on ethanol stocks. That’s known as price risk. Companies can mitigate price risk with futures contracts.
Fossil fuels are non-renewable, and a shortage can wreak havoc on the economy. It was the desire for alternative energy that gave rise to the ethanol industry.
In 2014, about half of the corn produced in the United States was used for the production of alcohol for fuel use, primarily ethanol.
What Do Analysts Expect for Yingli Solar’s Margins in 3Q17?
For 3Q17, analysts expect Yingli Solar to report a gross profit of nearly $3.0 million with a gross margin of nearly 1.2%.
For 2Q17, Yingli Solar’s (YGE) interest expenses came in at $24.4 million—compared to $22.7 million in 1Q17 and $23.9 million in 2Q16.
In 3Q16, Yingli Solar (YGE) posted nearly $218.9 million in total revenues. Analysts estimate that it will report ~$242 million in revenues in 3Q17.
Marathon Oil: Wall Street Ratings after 4Q17 Earnings
As of February 15, Reuters reported 26 analysts with recommendations on Marathon Oil (MRO).
Marathon Oil announced its 4Q17 earnings on February 14, after the market closed.
For 4Q17, Marathon Oil (MRO) reported operating cash flow of ~$501 million, which is much lower than Wall Street analysts’ expectation of ~$685 million.