|Bid||4.90 x 1400|
|Ask||5.15 x 42300|
|Day's Range||5.12 - 5.24|
|52 Week Range||3.42 - 6.72|
|PE Ratio (TTM)||4.93|
|Earnings Date||Oct 24, 2018 - Oct 29, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||6.09|
On August 14, natural gas September 2018 futures closed at a premium of ~$0.24 to September 2019 futures. On August 7, the futures spread was at a premium of $0.23. On August 7–14, natural gas September futures rose 2.1%.
In the week ending August 3, the negative inventories spread, which is the difference between natural gas inventories and their five-year average, was at -19.5%. The inventories spread contracted by ten basis points compared to the previous week. On August 9, the EIA (U.S. Energy Information Administration) reported the natural gas inventory data for the week ending August 3.
The natural gas rig count was at 186 last week—three more than the previous week. However, the natural gas rig count has fallen ~88.4% from its record level of 1,606 in 2008. US natural gas marketed production rose ~51.9% between January 2008 and May 2018 despite the natural gas rig count falling. As a result of the increased supply, natural gas active futures have fallen 62.3% since January 2008.
On August 14, natural gas September futures rose 1% and settled at $2.959 per MMBtu (million British thermal units)—the highest closing level for active natural gas futures since June 27.
Transocean's stock moved 8.36% lower Monday, to close the day at $11.51. The stock recorded a trading volume of 21,663,566 shares, which was above its three months average volume of 12,283,580 shares. In the last year, Transocean's shares have traded in a range of 7.20 - 14.34.
On August 3–10, the United States Natural Gas ETF (UNG) rose 3.4%, while the ProShares Ultra Bloomberg Natural Gas ETF (BOIL) rose 6.7%. These ETFs track natural gas futures.
Black Stone Minerals (BSM), a mineral interest owner structured as an MLP, was the strongest E&P (exploration and production) stock last week, rising 11.1%. This growth may have been due to its strong second-quarter earnings and gains in natural gas prices. Its distribution rose 8% year-over-year during the quarter, and the partnership increased its 2018 production guidance. BSM has risen 6.4% this year, while peer Viper Energy Partners (VNOM) has risen 59%. For a comparison of the two royalty owners, read VNOM and BSM: A Comparative Analysis of Two Mineral Interest MLPs.
On August 3–10, midstream stock TC PipeLines (TCP) saw the highest gain on our list of energy stocks. In fact, the Alerian MLP ETF (AMLP) fell 0.6%—the second lowest decline among major energy subsector ETFs during this period, as we discussed in the previous part.
On August 9, natural gas’s implied volatility was 21.5%, which was ~5.9% above its 15-day moving average. In the trailing week, natural gas’s implied volatility has risen 5.4%. September natural gas futures have risen 4.9% during the same timeframe. Since June, these two metrics have been moving in tandem.
The natural gas–weighted stocks under review that are sensitive to US crude oil September futures’ movements based on their correlations with US crude oil September futures in the last five trading sessions are: Gulfport Energy (GPOR) at 33.2% Cabot Oil & Gas (COG) at 28.7% Chesapeake Energy (CHK) at 26.1%
On August 7, 2018, natural gas September 2018 futures closed at a premium of ~$0.23 to September 2019 futures. On July 31, 2018, the futures spread was at a premium of $0.14. Between July 31 and August 7, 2018, natural gas September futures rose 4.1%.
The natural gas rig count was at 183 last week, three less than in the previous week. The natural gas rig count has fallen ~88.6% from its record level of 1,606 in 2008. However, US natural gas marketed production rose ~51.9% between January 2008 and May 2018 despite the natural gas rig count falling. As a result of the increased supply, natural gas active futures have fallen 63.1% since January 2008.
On August 7, 2018, natural gas September futures rose 1.3% and settled at $2.897 per MMBtu (million British thermal units), the highest closing level for active natural gas futures since June 29, 2018.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Though Noble Energy (NBL) misses Q2 earnings estimates, solid U.S. onshore activities are going to drive its performance in the long run.
PointLogic estimates that US dry natural gas consumption decreased 1.09% to 63.5 Bcf (billion cubic feet) per day on July 26–August 1. However, natural gas consumption increased 5.8% YoY (year-over-year).
NEW YORK, NY / ACCESSWIRE / August 3, 2018 / Southwestern Energy Company (NYSE: SWN ) will be discussing their earnings results in their Q2 Earnings Call to be held on August 3, 2018 at 10:00 AM Eastern ...
Southwestern Energy (SWN) delivered earnings and revenue surprises of 12.50% and 0.96%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
Between July 25 and August 1, our list of natural gas–weighted stocks fell 3.9%, while natural gas September futures rose just 0.1%. On average, natural gas–weighted stocks underperformed natural gas futures in this period.
Raises full year 2018 production guidance with no increase to capital investment guidance Expects portfolio to generate modest free cash flow in 2018
The natural gas–weighted stocks under review that are sensitive to US crude oil September futures’ movements based on their last five trading sessions’ worth of correlations with US crude oil September futures are as follows: Chesapeake Energy (CHK) at 69.5% Antero Resources (AR) at 43.6% Southwestern Energy (SWN) at 33.8%
In the week ending July 20, natural gas inventories rose by 24 Bcf (billion cubic feet) to 2,273 Bcf, according to EIA’s (U.S. Energy Information Administration) data released on July 26. The market expected an addition of 36 Bcf for the same week, according to Reuters’ estimates. On July 26, natural gas September futures rose 0.3%.