Average Gas Price Rising Across US
For the first time in 833 days, the price of gasoline is higher than it was on the same date a year earlier. The price per gallon dropped the most in Ohio and Michigan.
Energy
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Analyst Raises Price Targets on Top Oilfield Services Stocks to Buy
With the price of oil firming around $50 and expected to be close to $60 this time next year, these four companies could be poised for significant increase in business over the next 12…
Chesapeake Energy Analysts Change Their Tune
Chesapeake Energy shares dropped by more than 5% early Thursday as the company kicked off its first investor day presentation in two years. The downturn very likely resulted from the company's forecast for 2016…
8 Key Oil and Gas Stocks Analysts Want You to Buy Now
The week of October 21 brought several key analyst calls looking for handy upside in the oil and gas sector, including Kinder Morgan and Halliburton.
Rising Rig Count, Continuing Crude Glut Weighs on Price
The the number of rigs drilling for oil in the United States has risen to 443, according to the latest Baker Hughes North American Rotary Rig Count.
When Does ‘Too Much Oil’ Become the Problem?
Until about 2008 or so, discussion about the future price of crude oil was directed by the concept of peak oil. The discussion is now focused on the concept of peak demand.
Schlumberger Profits Up on Strong Margins, Light Revenues
Schlumberger Ltd. (NYSE: SLB) reported third-quarter 2016 results after markets closed on Thursday. The oil field services firm reported adjusted diluted quarterly earnings per share (EPS) of $0.25 on revenues of $7.02 billion. In…
Analysts Getting Even More Positive on Kinder Morgan and Halliburton After Earnings
It is not unusual at all to see big moves in share prices after earnings reports and other key news releases. It is also not that uncommon to see analysts become more positive or…
Why Chesapeake Energy Stock Is Tanking Thursday
In its presentation to investors, Chesapeake touts its efforts to get its balance sheet in order, and that story is encouraging. What is not encouraging is the company's outlook.
Natural Gas Price Dips 1.6% on Storage Report
The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 77 billion cubic feet for the week ending October 14.
The Texas Oil & Gas Economy, and Houston vs. Dallas, Carved Out in Just 8 Fresh Points
The Federal Reserve released its Beige Book for October, and 24/7 Wall St. broke down the general economic views of business leaders in just 14 simple points. What stands out is that the terms…
Kinder Morgan Claims Progress, Investors Remain Wary
Kinder Morgan reported third-quarter 2016 results and declared a dividend after markets closed Wednesday.
Crude Oil Inventory Plunges, December Futures Jump to Near $52
U.S. commercial crude inventories decreased by more than 5 million barrels last week, according to the U.S. Energy Information Administration (EIA).
Rising Rig Count, Cost Cutting Push Halliburton to Surprise Profit
Halliburton reported mixed third-quarter 2016 results before markets opened Wednesday morning.
What to Expect From Chesapeake Energy’s Investor Day
Thursday morning, Chesapeake Energy will host its first investor day in two years. Ahead of that presentation, 24/7 Wall St. wanted to see what the most fresh consensus analyst expectations were for 2017 and…