On Friday, our Under the Radar Movers newsletter suggested shorting small cap energy transportation and distribution stock Enbridge Inc (NYSE: ENB):
"Enbridge has been on our watchlist for a while, but finally moved past the tipping point today. That is, after several weeks of push-and-pull, the bears are starting to win the war. The 20-day moving average line (blue) just crossed under the 200-day moving average line, and more than that, ENB shares are finally decidedly below the 200-day line (green) itself. The breakdown unfurled on huge volume too. Granted, the volume has dried up since then, but with a lower low being made today, the second wave of selling could be around the corner."
Our Under the Radar Movers newsletter has a more detailed discussion about Enbridge Inc's technical chart along with a potential shorting strategy:
Hot Energy Stocks To Watch For 2019: FMC Technologies, Inc.(FTI)
Advisors' Opinion:- [By Max Byerly]
FansTime (CURRENCY:FTI) traded down 3.1% against the US dollar during the 1-day period ending at 20:00 PM E.T. on September 1st. One FansTime token can now be purchased for approximately $0.0037 or 0.00000051 BTC on popular exchanges including Gate.io, HADAX and Bit-Z. FansTime has a total market capitalization of $0.00 and $166,963.00 worth of FansTime was traded on exchanges in the last day. During the last week, FansTime has traded 4.3% higher against the US dollar.
- [By Dan Caplinger]
Oil-field services companies have endured a rocky road in recent years, and even though 2018 has seen nice gains in oil prices so far, investors aren't sure whether companies like TechnipFMC (NYSE:FTI) have truly turned the corner. For the provider of energy services both off the coast and at land-based well sites, rising energy prices are just the first step in spurring its exploration and production company customers to utilize more of its services.
- [By Shane Hupp]
Get a free copy of the Zacks research report on TechnipFMC (FTI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Tyler Crowe]
Recently, though, Baker Hughes and other large oil services providers have been acquiring equipment manufacturers in order to make all-in-one package offerings to producers. Schlumberger (NYSE:SLB) bought Cameron International, and Technip merged with FMC Corporation to form TechnipFMC (NYSE:FTI) -- both in 2016 -- to make for more competitive bids for subsea infrastructure projects. The combination of Baker Hughes and GE, though, was unprecedented, as General Electric's equipment manufacturing covered an incredibly wide swath of products for all parts of the oil drilling process as well as equipment for logistics, transportation, and refining.
Hot Energy Stocks To Watch For 2019: EQT Corporation(EQT)
Advisors' Opinion:- [By Joseph Griffin]
Canada Pension Plan Investment Board lowered its position in EQT Co. (NYSE:EQT) by 64.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 180,010 shares of the oil and gas producer’s stock after selling 320,100 shares during the period. Canada Pension Plan Investment Board’s holdings in EQT were worth $9,933,000 as of its most recent SEC filing.
- [By Max Byerly]
DekaBank Deutsche Girozentrale raised its stake in shares of EQT (NYSE:EQT) by 85.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,281 shares of the oil and gas producer’s stock after purchasing an additional 31,000 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in EQT were worth $3,219,000 at the end of the most recent reporting period.
- [By Chris Lange]
The S&P 500 stock posting the largest daily percentage loss ahead of the close Thursday was EQT Corp. (NYSE: EQT) which traded down over 5% at $49.72. The stock's 52-week range is $43.70 to $67.84. Volume was 7.6 million compared to the daily average volume of nearly 4 million.
- [By Max Byerly]
EQT (NYSE:EQT) last issued its earnings results on Thursday, July 26th. The oil and gas producer reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.07. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.13 billion. EQT had a negative net margin of 6.19% and a positive return on equity of 3.73%. The firm’s revenue was up 53.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 earnings per share. analysts predict that EQT Co. will post 2.22 earnings per share for the current fiscal year.
- [By ]
In addition, Elliott Management, which often pushes for M&A and other strategic transactions at targeted companies, made investments in EQT Corp. (EQT) , CommVault Systems Inc. (CVLT) , Sabre Corp. (SABR) , Teradyne Inc. (TER) and Windstream Holdings Inc. (WIN)
- [By Ethan Ryder]
Mount Yale Investment Advisors LLC acquired a new stake in shares of EQT Co. (NYSE:EQT) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,022 shares of the oil and gas producer’s stock, valued at approximately $191,000.
Hot Energy Stocks To Watch For 2019: Tetra Technologies, Inc.(TTI)
Advisors' Opinion:- [By Joseph Griffin]
Shares of TETRA Technologies, Inc. (NYSE:TTI) have earned a consensus recommendation of “Hold” from the fourteen analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $5.71.
- [By Ethan Ryder]
B. Riley set a $8.00 price target on TETRA Technologies (NYSE:TTI) in a research report sent to investors on Friday. The firm currently has a buy rating on the oil and gas company’s stock. B. Riley also issued estimates for TETRA Technologies’ Q3 2018 earnings at $0.10 EPS, FY2018 earnings at $0.17 EPS and Q1 2019 earnings at $0.03 EPS.
- [By Stephan Byrd]
Get a free copy of the Zacks research report on TETRA Technologies (TTI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Hot Energy Stocks To Watch For 2019: Dril-Quip, Inc.(DRQ)
Advisors' Opinion:- [By Logan Wallace]
Get a free copy of the Zacks research report on Dril-Quip (DRQ)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Logan Wallace]
Get a free copy of the Zacks research report on Dril-Quip (DRQ)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Logan Wallace]
Gabelli Funds LLC grew its holdings in Dril-Quip, Inc. (NYSE:DRQ) by 4.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,500 shares of the oil and gas company’s stock after purchasing an additional 2,500 shares during the period. Gabelli Funds LLC owned about 0.15% of Dril-Quip worth $2,486,000 at the end of the most recent quarter.
- [By Jon C. Ogg]
Dril-Quip Inc. (NYSE: DRQ) was started with an Underweight rating and assigned a target price of $50 (versus a $49.80 close, after a 1.5% gain). The shares were last seen down five cents at $49.75, in a 52-week range of $37.35 and with a consensus target price of $45.13.
- [By Shane Hupp]
Dril-Quip, Inc. (NYSE:DRQ) – Stock analysts at Piper Jaffray issued their Q2 2018 earnings per share (EPS) estimates for Dril-Quip in a research note issued on Monday, May 14th. Piper Jaffray analyst I. Macpherson anticipates that the oil and gas company will post earnings per share of ($0.11) for the quarter. Piper Jaffray currently has a “Hold” rating and a $40.00 price target on the stock. Piper Jaffray also issued estimates for Dril-Quip’s Q3 2018 earnings at ($0.08) EPS, Q4 2018 earnings at ($0.09) EPS, Q1 2019 earnings at ($0.03) EPS, Q2 2019 earnings at $0.02 EPS, Q3 2019 earnings at $0.08 EPS, Q4 2019 earnings at $0.08 EPS and FY2020 earnings at $0.64 EPS.
Hot Energy Stocks To Watch For 2019: PBF Logistics LP(PBFX)
Advisors' Opinion:- [By Joseph Griffin]
Get a free copy of the Zacks research report on PBF Logistics (PBFX)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Logan Wallace]
PBF Logistics (NYSE:PBFX) issued its quarterly earnings results on Thursday. The pipeline company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.06), MarketWatch Earnings reports. PBF Logistics had a net margin of 33.57% and a return on equity of 56.03%. The company had revenue of $64.00 million for the quarter, compared to the consensus estimate of $67.75 million. During the same quarter in the previous year, the business earned $0.55 earnings per share. PBF Logistics’s revenue was up 5.8% compared to the same quarter last year.
- [By Max Byerly]
Plains GP (NYSE: PBFX) and PBF Logistics (NYSE:PBFX) are both oils/energy companies, but which is the better stock? We will contrast the two companies based on the strength of their profitability, valuation, risk, analyst recommendations, institutional ownership, earnings and dividends.
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