US gasoline inventories increased by 3.6 MMbbls (million barrels) or 1.5% to 249 MMbbls on February 2–9, 2018, according to the EIA.
US crude oil production increased by 20,000 bpd (barrels per day) to a record high of 10,271,000 bpd on February 2–9, 2018.
The EIA reported that US crude oil inventories increased by 1.8 MMbbls (million barrels) or 0.4% to 422 MMbbls on February 2–9, 2018.
March US crude oil futures contracts rose 2.4% to $60.60 per barrel on February 14, 2018. Brent oil futures rose 2.6% to $64.36 per barrel.
Approximately 66% of the Wall Street analysts tracking Nabors Industries rated it as a “buy” or some equivalent.
On February 12, 2018, short interest in Nabors Industries (NBR) as a percentage of its float was 18.6% compared to 7.8% on February 13, 2017.
Nabors Industries’ (NBR) correlation with crude oil prices from February 12, 2017, to February 12, 2018, was -0.50. Nabors Industries’ correlation with the Dow Jones Industrial Average (DJIA-INDEX) from February…
On February 12, 2018, Nabors Industries’ (NBR) implied volatility was 69.5%.
Nabors Industries’ (NBR) one-year returns were -58.6% until February 12, 2018.
According to Wall Street analyst consensus, Southern Company (SO) stock has a mean price target of $47.8 against its current market price of $44.2.
On February 13, 2018, Southern Company (SO) stock was trading 5% lower than its 50-day moving average and 9% lower than its 200-day moving average.
Among the top S&P 500 utilities stocks, Southern Company (SO) looks to be trading at a relatively fair valuation.
According to management, Southern Company (SO) is expected to report earnings of $0.46 per share for the quarter that ended on December 31, 2017.
Southern Company (SO) is slated to report its 4Q17 and 2017 earnings on February 21.
Of the 32 analysts covering DVN stock, 31.25% have given a “strong buy” recommendation, and 37.50% of them have given “buy” recommendations.
For the past four quarters, Devon Energy (DVN) has beaten the analysts’ consensus EPS (earnings per share) estimate every time.
For 4Q17, analysts expect Devon Energy (DVN) to report ~51% higher operating cash flow of ~$810 million, compared with ~$536 million in 4Q16.
For 4Q17, Devon Energy (DVN) expects its total production to be in the range of 551 Mboepd–571 Mboepd.
For 4Q17, Wall Street analysts expect Devon Energy (DVN) to report revenues of ~$3.5 billion. On a YoY basis, this revenue expectation is ~25% higher.
On a YoY (year-over-year) basis, Devon Energy is expected to report ~145% higher profits, compared with its 4Q16 adjusted net income of ~$131 million.