Hot Energy Stocks For 2018

Related LNT 7 Ways To Play An Improving Utilities Industry Earnings Scheduled For February 22, 2016 Alliant Energy declares $0.29375 dividend (Seeking Alpha)

Alliant Energy Corporation (NYSE: LNT) revealed that its board has declared its quarterly cash dividend of $0.29375 per share. For the full year, this translated into $1.18 a share. The dividend provided a yield of 3.0 percent, which was lower than the average 3.40 percent for the five-year period.

Alliant fixed July 29 as the record date for determining eligible shareholders to get the dividend. The company indicated that the dividend would be paid on August 15. The dividend payout ratio was approximately 68.0 percent, which was higher than the five-year average of 63.0 percent.

Hot Energy Stocks For 2018: Energy XXI Ltd.(EXXI)

Advisors’ Opinion:

  • [By Lisa Levin]

    Shares of Energy XXI Ltd (NASDAQ: EXXI) were down 72 percent to $0.181 after the company announced that it and some of its subsidiaries have entered into a Restructuring Support Agreement (RSA) with holders of more than 63 percent of its secured second lien 11.0 percent notes. Energy XXI added that in order to implement the terms of the RSA, it has commenced cases under Chapter 11 of the Bankruptcy Code.

Hot Energy Stocks For 2018: Concho Resources Inc.(CXO)

Advisors’ Opinion:

  • [By Chris Lange]

    The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Concho Resources Inc. (NYSE: CXO) which traded down about 9% at $143.15. The stocks 52-week range is $106.73 to $162.91. Volume was 11.8 million compared to the daily average volume of 1.3 million.

  • [By Ben Levisohn]

    Large Caps. Our E&P coverage is pricing in $61/bbl WTI and $3.30 gas, and with a lower crude forecast the group is looking less compelling. We argue names that continue to demonstrate resource improvement at the low-end of the cost curve, namely in the Permian and STACK remain attractive, such as Concho Resources (CXO), Devon Energy (DVN), Newfield Exploration (NFX) and Pioneer Natural Resources (PXD). Noble (NBL) remains a compelling value, though has yet to commit to an accelerated US onshore drilling program.

  • [By Ben Levisohn]

    Lear also sees strong “upside potential” forConcho Resources (CXO), Pioneer Natural Resources (PXD) and Newfield Exploration (NFX) as well performance improves in the Permian/STACK, and also writes positively on Devon Energy (DVN).

  • [By Matthew DiLallo]

    Rising acreage prices are causing Permian peers concern that the market is getting too hot. For example, Concho Resources (NYSE:CXO) recently said that it was having difficulty finding a good value in Permian land deals. That’s saying a lot for a company that completed several deals over the past year, including paying $1.625 billion for 40,000 net acres last August, or more than $40,000 per acre. However, with recent deals in the mid-$40,000s per acre, and up to as high as $58,500 per acre, buyers like Concho are growing cautious, which suggests land values might be topping out.

Hot Energy Stocks For 2018: NGL ENERGY PARTNERS LP(NGL)

Advisors’ Opinion:

  • [By Lisa Levin]

    On Friday, the energy sector proved to be a source of strength for the market. Leading the sector was strength from NGL Energy Partners LP (NYSE: NGL) and Legacy Reserves LP (NASDAQ: LGCY).

  • [By Lisa Levin]

    In trading on Thursday, energy shares were relative laggards, down on the day by about 0.87 percent. Meanwhile, top losers in the sector included NGL Energy Partners LP (NYSE: NGL), down 17 percent, and Contango Oil & Gas Company (NYSE: MCF), down 12 percent.

  • [By Lisa Levin]

    Shares of NGL Energy Partners LP (NYSE: NGL) were down around 24 percent to $16.40. NGL Energy Partners declared a quarterly distribution of $0.39 per unit and revised its fiscal year 2017 and fiscal year 2018 outlook.

Hot Energy Stocks For 2018: Chesapeake Energy Corporation(CHK)

Advisors’ Opinion:

  • [By Kumar Abhishek]

    Shares ofChesapeake Energy Corporation(NYSE:CHK) have been in a downtrend over the past three months, declining 25% in this period. In a bearish move,Chesapeake Energy Corporation’s 50-day and 200-day SMA’s formed a death cross afew days ago. A death cross is a strong bearish signal. However, the stock continued to climb up. Chesapeake Energy Corporation technical chart, the stock has broken out above the 20-day SMA which had provided strong resistance in the past. A breakout above the 20-day SMA resistance in spite of death cross suggests astrong bullish trend. The stock is now forming a double bottom pattern. The double bottom is a bullish trend reversal pattern, which indicates a medium term reversal in the trend. The double bottom patternwill be complete when the stock hits the previous high.

  • [By Paul Ausick]

    Chesapeake Energy Corp. (NYSE: CHK) dropped about 4.6% Friday to match a 52-week low of $3.30 after closing at $3.46 on Thursday. The stock’s 52-week high is $6.65. Volume was around 35 million, about 25% above the daily average of around 28.8 million. The company had no specific news.

  • [By Ben Levisohn]

    Chesapeake Energy (CHK) tumbled to the bottom of the S&P 500 today after natural gas prices tumbled.

    Getty Images

    Chesapeake Energydropped 3.2% to $6.11 today, while the S&P 500 declined 0.3% to 2,352.95. Front Month Nymex natural gas for May delivery fell 0.8% to $3.2660 per million British thermal units.

    Yesterday, Chesapeake Energy 6.8% yesterday as natural gas futures rose to a two month high.

    Chesapeake Energy’s market capitalization fell to $5.5 billion today from $5.7 billion yesterday. It reported a net loss of $4.4 billion on sales of $8.6 billion in 2017.

  • [By Paul Ausick]

    Chesapeake Energy Corp. (NYSE: CHK) posted a new 52-week low of $3.55 on Tuesday, down about 2.7% from Monday’s closing price of $3.65. The stock’s 52-week high is $8.20. Volume totaled around 23 million shares, about 30% below the daily average. The company had no specific news.

  • [By Paul Ausick]

    Here’s how share prices of the largest U.S. natural gas producers reacted to this latest report:

    Exxon Mobil Corp. (NYSE: XOM), the country’s largest producer of natural gas, traded up about 0.1% to $77.53, in a 52-week range of $72.16 to $89.30. Chesapeake Energy Corp. (NYSE: CHK) traded down about 1.1%, at $3.16 in a 52-week range of $2.53 to $6.18. EOG Resources Inc. (NYSE: EOG) traded down about 0.2% to $109.21. The 52-week range is $81.99 to $119.00.

    In addition, the United States Natural Gas ETF (NYSEAMERICAN: UNG) traded up about 0.7%, at $222.17 in a 52-week range of $20.40 to $31.72.

  • [By Paul Ausick]

    Chesapeake Energy Corp. (NYSE: CHK) dropped 3.1% Thursday to match a 52-week low of $2.80 (set yesterday) after closing at $2.89 on Wednesday. The stock’s 52-week high is $6.65. Volume was around 29 million, about equal to the daily average. The company had no specific news.