On February 16, US crude oil April futures rose 0.6% and settled at $61.55 per barrel. The markets were closed on February 19, 2018.
Andeavor (ANDV) announced its 4Q17 results on February 15, 2018, after the market closed. Let’s look at how Andeavor stock performed the next day.
Andeavor (ANDV) saw a gross refining margin contraction of $1.8 per barrel YoY (year-over-year) to $7.6 per barrel in 4Q17.
Andeavor posted its 4Q17 results on February 15, 2018, reporting revenue of $10.6 billion and missing analysts’ consensus estimate.
April US crude oil futures were above their 100-day and 50-day moving averages on February 16, 2018.
US crude oil rigs increased by seven or 0.9% to 798 on February 9–16, 2018. Rigs increased by 201 or 33.7% from a year ago.
Cushing inventories could have declined on February 9–16, 2018. The EIA will release its crude oil inventories report on February 22, 2018.
The US dollar depreciated 1.5% to 89.1 on February 9–16, 2018. US crude oil prices advanced 4.2% last week.
March WTI crude oil futures contracts rose 0.6% to $61.68 per barrel on February 16, 2018—the highest settlement since February 7, 2018.
Between March 3, 2016, and February 16, 2018, there was a gain of 56.1% for natural gas active futures after falling to their 17-year low.
Between February 11, 2016, and February 16, 2018, there was a gain of 135.3% for US crude oil active futures.
On February 9–16, upstream stocks Sanchez Energy and Chesapeake Energy were the first and fifth-largest losers on our list of energy stocks.
Tallgrass Energy Partners (TEP) was the fourth-highest gainer on our list of energy stocks last week.
Compared to equity indexes’ positive returns, US crude oil April futures rose 4.3% in the week ending February 16, 2018.
On February 9–16, 2018, US crude oil April futures rose 4.3% and closed at $61.55 per barrel on February 16, 2018.
According to Wall Street analyst consensus, FirstEnergy (FE) stock has a mean price target of $36.20 against its current market price of $32.80.
On February 15, 2018, FirstEnergy (FE) stock was trading 5% above its 50-day and 200-day moving averages.
FirstEnergy (FE) stock is currently trading at an EV-to-EBITDA valuation of 8.4x compared to the peer average of 11.0x.
First Energy (FE) is reporting its 4Q17 earnings today, February 20, 2018. Analysts expect it to report earnings of $0.68 per share.
As of February 15, Reuters reported 26 analysts with recommendations on Marathon Oil (MRO).