8 Oil and Gas Stocks Analysts Still Want You to Buy
24/7 Wall St. saw eight energy sector analyst upgrades and positive research calls last week that stood out among the sector calls.
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Exxon Is Best Performing Dow Stock of 2016, Up 15%
As oil prices have rebounded, so has the share price of the world's largest energy company. The stock of Exxon Mobil has risen more than 15%.
Oil Rig Count Dropped by 2 Last Week, Hedge Funds Take a Breather
In the week ended May 27, the number of rigs drilling for oil in the United States fell to 316, according to the Baker Hughes North American Rotary Rig Count.
Nomura Analysts Remain Bullish on US Energy Sector
As the price for a barrel of crude oil continues to threaten $50, exploration and production companies remain unconvinced that it will rise beyond that level and stay there long enough to inspire them…
Hercules Offshore Restructures Debt Again
Hercules Offshore has announced that it reached a restructuring support agreement with the lenders holding about 99% of its first-lien debt.
Natural Gas Price Slips After Storage Rises More Than Expected
The EIA reported Thursday morning that U.S. natural gas stocks increased by 71 billion cubic feet for the week ending May 20.
Energy MLPs Up 50% From Lows: 4 That Remain Top Analyst Picks
A new Deutsche Bank research report is cautiously optimistic on the second half of 2016, and four energy MLPs were cited as the firm's top picks.
Crude Oil Price Holds Gains as Stockpiles Fall 4.2 Million Barrels
The U.S. Energy Information Administration said that U.S. commercial crude inventories decreased by more than 4 million barrels last week.
Major Oil Has Short Sellers Running for Cover
The May 13 short interest data have been compared with the previous figures, and short interest for most of the selected oil stocks decreased.
Short Sellers Piling in on Solar Stocks
Short interest moves among solar and alternative energy stocks were mixed during the two-week reporting period that ended on May 13.
Why Crude Oil May Not Rise Above $50 a Barrel
U.S. crude oil production is expected to drop by about 1 million barrels a day between the end of the first quarter of 2016 and the third quarter of 2017.
3 Analysts Raise Parsley Energy Targets After Stock Offering, Acquisition
Parsley Energy has upsized its secondary offering, and three analysts have hiked their price targets for the stock.
Freeport-McMoRan Cancels Another Drill Ship Contract
Less than two weeks after cancelling contracts for two ultra-deepwater drill ships, Freeport-McMoRan announced late Monday that it has cancelled a third one.
Nomura Raises Price Target on Noble Energy
On Sunday, Israeli Prime Minister Benjamin Netanyahu approved a deal that he and members of his ruling coalition hope will get the ball rolling on developing a huge offshore natural gas field.
Freeport-McMoRan Cancels Oil & Gas Spin-Off
Freeport-McMoRan has formally withdrawn its proposed spin-off and initial public offering in its oil and gas business into a company that would have been named Freeport-McMoRan Oil & Gas.