Company Overview and News
Estimates for Anadarko Petroleum Corporation (APC - Free Report) have been revised upward over the past 30 days, reflecting analysts’ confidence in the stock post solid first-quarter 2018 results. The Zacks Consensus Estimate for 2018 and 2019 earnings have moved up 29% and 41.4% to $2.54 and $2.97, respectively. Shares of Anadarko Petroleum have gained 35.3% in the last 12 months compared with the Zacks Oil & Gas E&P Industry’s rally of 12%.
Oil price has been enjoying a smooth sail for the past couple of months with Brent hovering near $80 per barrel, the highest since 2014, and U.S. crude trading above $72 per barrel. The rally was driven by several factors that are pointing to a rebalancing of the oil market and infusing optimism among investors. This has pushed the energy stocks higher, making it the best-performing sector so far in the second quarter.
Pioneer Energy Services Corp. (PES - Free Report) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 93.8% in the past one-month time frame.
Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, May 21st:
In its weekly release, Baker Hughes (BHGE - Free Report) , a GE company, reported an increase in rig count in the United States.
Per Bloomberg, BP plc (BP - Free Report) and ConocoPhillips (COP - Free Report) are in talks over an asset swap deal. Per the agreement, BP will raise stake in the North Sea Clair field, offshore U.K., in exchange of its assets in Alaska. BP is contemplating to acquire ConocoPhillips’ 24% interest in the Clair field. BP, the operator of the field, already has a holding of 28.6%. In return, ConocoPhillips will acquire some of BP’s assets in Alaska.
Taking a look at the recent rumors regarding a possible asset swap between ConocoPhillips and BP plc.
(Bloomberg) -- BP Plc and ConocoPhillips are in discussions for an asset swap deal that would see the U.K. energy major gain a greater foothold in a key project in the North Sea and the U.S. explorer get Alaskan assets, according to people familiar with the talks.
High crude oil prices and the improving natural gas pipeline capacity in the US have been driving the rise in natural gas supplies. WTI oil prices have risen ~68.1% since June 21, 2017. The decline in OECD oil inventories, geopolitical tensions, and ongoing production cuts are driving oil prices higher.
The current implied volatility in Whiting Petroleum (WLL) is ~44.9%. In comparison, its peers Apache Corp. (APA) and Anadarko Petroleum (APC) have implied volatilities of ~30.8% and ~26.8%, respectively. The broader energy sector, represented by the Energy Select Sector SPDR ETF (XLE), has an implied volatility of ~16.5%.
The U.S. oil benchmark hit a 3 1/2-year high around $72 Thursday, helping to put a popular fund that tracks oil-related companies on pace for its longest period of uninterrupted gains in 12 years.
Increasing interest in the Permian Basin has been evident across the upstream oil and gas industry over the past two years. Distinguished Eagle Ford players such as Devon Energy (DVN) and Pioneer Natural Resources (PXD) dedicated their 2016 and 2017 budgets away from the Eagle Ford Shale. Both companies dedicated only two rigs to Eagle Ford in the first half of 2017.
Management focus on friendly investor returns and accelerating natural gas project in Mozambique will support APC’s share in the short and long term.
Noble Energy, Inc. (NBL - Free Report) finalized an agreement with EPIC Pipeline, LP (“EPIC”) to transport crude oil from Delaware Basin area to Corpus Christi, TX. Per the contract, the company will start transporting 100 thousand barrels of oil per day (MBbl/d) through EPIC pipelines for a period of 10 years starting from the second half of 2019. The 730-mile EPIC crude oil pipeline has a total capacity of 590 MBbl/d and will connect the Permian Basin and the Eagle Ford area to the Port of Corpus Christi.
23h - Asif
Overview Anthera Pharmaceuticals, Inc. is a biopharmaceutical company focused on advancing the development and commercialization of innovative medicines that benefit patients with unmet medical needs. The company currently have two compounds in development, Sollpura and blisibimod. The company licensed Sollpura from Eli Lilly & Co (“Eli Lilly”) in July 2014. Sollpura is a novel non-porcine investigational Pancreatic Enzyme Replacement Therapy (“PERT”) intended for the treatment of patients with Exocrine Pancreatic Insufficiency (“EPI”), often seen in patients with cystic fibrosis and other conditions. The company licensed blisibimod from Amgen, Inc. (“Amgen”) in December 2007. Blisibimod targets B-cell activating factor, or BAFF, which has been shown to be elevated in a variety of B-cell mediated autoimmune diseases, including Immunoglobulin A nephropathy, or IgA nephropathy. Sollpura The exocrine pancreas is responsible for synthesis and secretion of digestive en...
23h - Asif
Business Agenus is a clinical-stage immuno-oncology (“I-O”) company dedicated to becoming a leader in the discovery and development of innovative combination therapies and committed to bringing effective medicines to patients with cancer. The company's business is designed to drive success in I-O through speed, innovation, and effective combination therapies. Agenus has assembled fully integrated capabilities from novel target discovery, antibody generation, cell line development, and good manufacturing practice (“GMP”) manufacturing together with a comprehensive portfolio consisting of antibody-based therapeutics, adjuvants and cancer vaccine platforms. The company leverage its immune biology platforms to identify effective combination therapies for development and have developed productive partnerships to advance its innovation. The company believe the next generation of cancer treatment will build on clinically validated antibodies targeting CTLA-4 and PD-1 combined wi...
2018-05-21 - Asif
Business The company started Square in February 2009 to enable businesses (sellers) to accept card payments, an important capability that was previously inaccessible to many businesses. However, sellers also need innovative solutions to thrive, and Square has since expanded to provide additional products and services to give these businesses access to the same tools as large businesses. This approach aligns with its purpose of economic empowerment, as everything the company do should give sellers accessible, affordable tools to grow their businesses and participate in the economy. Square is a cohesive commerce ecosystem that helps its sellers start, run, and grow their businesses. The company combine sophisticated software with affordable hardware to enable sellers to turn mobile and computing devices into powerful payment and point-of-sale solutions. Square has high seller acceptance rates and fast onboarding, while maintaining low risk and fraud losses as a result of its a...
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