oil and gas

oil-jack-pumps

Analyst Gets More Positive on Top Eagle Ford Shale Oil Stocks

While the long slide in oil pricing may have finally settled into what could be a longtime sideways move, some firms we cover on Wall Street are getting incrementally more ...
Read Full Story »
Drilling Rig

Halliburton Results Hammered by Charges

Halliburton Co. (NYSE: HAL) reported first-quarter 2015 results before markets opened Monday. The oil and gas services company posted adjusted diluted earnings per share (EPS) of $0.49 on revenues of ...
Read Full Story »
Oil drilling rig

Oil Rigs Drop by 26, Hedge Funds Increase Long Bets as Crude Prices Rise

In the week ended April 17, the number of rigs drilling for oil in the United States totaled 734, compared with 760 in the prior week and 1,510 a year ...
Read Full Story »
oil rig

Why Schlumberger Will Fire 11,000

The announcement was simple and came as a part of Schlumberger Ltd.'s (NYSE: SLB) terrible first-quarter earnings announcement. The carnage of layoffs continues across the oil industry due to low crude ...
Read Full Story »
Oil drilling rig

Schlumberger Job Cuts Now Total 11,000

Schlumberger Ltd. (NYSE: SLB) reported first quarter 2015 results after markets closed on Thursday. The oil field services firm reported adjusted diluted quarterly earnings per share (EPS) of $1.06 on ...
Read Full Story »
Blue flames of gas stove

Natural Gas Price Falls on Large Inventory Addition

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 63 billion cubic feet for the week ending April 10. Analysts expected a storage ...
Read Full Story »
467094355

Analyst Raises Price Targets on Top Permian Basin Oil Stocks

Crude oil is printing 2015 highs in prices, and some investors are starting to feel that perhaps the worst of the nine-month nightmare may be closer to being over. With ...
Read Full Story »
153715598

Crude Oil Price Jumps Following Light Inventory Growth

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 1.3 million barrels last week, maintaining a total U.S. commercial ...
Read Full Story »
Drilling Rig

US Crude Oil Production Begins to Fall

Earlier this week, the U.S. Energy Information Administration released its drilling productivity report for the month of April. The agency forecast a drop in production of 57,000 barrels of oil ...
Read Full Story »
downgrade

Why 2 Major Analysts Downgraded BP in 2 Days

Even long after the Gulf oil spill, BP PLC (NYSE: BP) has had a rough run of things. It does not help that two analysts are making near identical calls ...
Read Full Story »
coal train

What Drove Norfolk Southern Earnings Lower

We have another warning in the transportation sector. In March, Kansas City Southern (NYSE: KSU) warned that it would have a weaker-than-expected first quarter due to lower fuel revenues. It ...
Read Full Story »
oil-jack-pumps

Why Oil Stocks Will Get More Expensive

Has oil bottomed out yet and what would the picture in the Middle East look like if it has? Oppenheimer suggests that there will be an increased wave of mergers ...
Read Full Story »
Oil spill

Short Sellers Stay Aggressive on Big Oil Stocks

The short interest data have been released for the most recent settlement date. It just so happens that some of the latest short interest readings for major oil companies are ...
Read Full Story »
Oil drilling rig

Low Crude Oil Prices Leave Thousands of US Wells Uncompleted

There are roughly 2,500 to 3,500 drilled but uncompleted oil wells in the United States, according to analysts at IHS Inc. (NYSE: IHS). As many as 1,400 of those wells are ...
Read Full Story »
Oil Tanker

5 Oil and Gas Stocks Analysts Want You to Buy

The oil and energy sector is in a rough spot. Still, a Federal Reserve report showed less-bad expectations even as rig counts are still on the decline. Still, West Texas ...
Read Full Story »