October 9, 2018: Markets opened mixed Tuesday and equities seesawed around the break-even line for most of the day. Investors seem willing to wait until we begin hearing about Q3 earnings. That all starts Friday when some of the nation’s big banks spill the beans. The energy sector was the day’s best performer while industrials and basic materials lagged.
WTI crude oil for November delivery settled at $74.96 a barrel, up about 0.9% for the day. December gold added about 0.2% to settle at $1,191.50. Equities were heading for a narrowly mixed close about 10 minutes before the bell as the Dow traded down 0.18% for the day, the S&P 500 traded down 0.10%, and the Nasdaq Composite traded up 0.12%.
Equity indexes traded very near the break-even line just minutes before the closing bell. The closing tally could show either a small gain or a small loss for any of the indexes.
Bitcoin futures (XBTV8) for October delivery traded at $6,590, down about 0.5% on the Cboe after opening at $6,615 this morning. The trading range today was $6,535 to $6,620.
Top Energy Stocks To Buy Right Now: Eco-Stim Energy Solutions, Inc.(ESES)
Advisors’ Opinion:
- [By Logan Wallace]
Eco-Stim Energy Solutions (NASDAQ:ESES) and Quintana Energy Services (NYSE:QES) are both small-cap oils/energy companies, but which is the better business? We will contrast the two companies based on the strength of their dividends, analyst recommendations, earnings, institutional ownership, profitability, valuation and risk.
- [By Joseph Griffin]
Hurricane Energy (OTCMKTS: HRCXF) and Eco-Stim Energy Solutions (NASDAQ:ESES) are both small-cap oils/energy companies, but which is the better business? We will contrast the two businesses based on the strength of their profitability, earnings, risk, dividends, analyst recommendations, institutional ownership and valuation.
- [By Ethan Ryder]
Press coverage about Eco-Stim Energy Solutions (NASDAQ:ESES) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Eco-Stim Energy Solutions earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned media coverage about the oil and gas company an impact score of 47.1001025646776 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
- [By Ethan Ryder]
Get a free copy of the Zacks research report on Eco-Stim Energy Solutions (ESES)
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Top Energy Stocks To Buy Right Now: Weatherford International plc(WFT)
Advisors’ Opinion:
- [By Paul Ausick]
Weatherford
Weatherford International PLC (NYSE: WFT) falls to the sixth spot on the list as the number of its shares sold short dropped 4.2% during the last two weeks of May. Short interest has decreased for five periods in a row, and the more than 139.3 million shares reported most recently represented 14.1% of the total float. The number of days to cover rose from six to 10. The stock’s price at Monday’s market close was $3.51 in a 52-week range of $2.07 to $4.72. - [By Max Byerly]
Weatherford International plc (NYSE:WFT) Director William E. Macaulay sold 767,591 shares of the stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $2.86, for a total value of $2,195,310.26. Following the completion of the transaction, the director now directly owns 399,443 shares in the company, valued at $1,142,406.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
- [By Paul Ausick]
Weatherford International plc (NYSE: WFT) traded down about 9.2% Monday and posted a new 52-week low of $2.08 after closing Thursday at $2.29. The stock’s 52-week high is $6.86. Volume was about 20% below the daily average of around 23.7 million shares. The company had no specific news.
- [By Tyler Crowe]
Shares of Weatherford International (NYSE:WFT) have been in decline for years. The company’s burdensome debt load and management’s lip service toward turning the business around left investors with little faith that things were ever going to improve at the distressed oil services company.
- [By ]
Cramer was bearish on New York Community Bancorp (NYCB) and Weatherford International (WFT) .
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Top Energy Stocks To Buy Right Now: Recon Technology, Ltd.(RCON)
Advisors’ Opinion:
- [By Shane Hupp]
Media coverage about Recon Technology (NASDAQ:RCON) has been trending positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Recon Technology earned a media sentiment score of 0.27 on Accern’s scale. Accern also assigned media headlines about the oil and gas company an impact score of 44.9374991541436 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Top Energy Stocks To Buy Right Now: ENI S.p.A.(E)
Advisors’ Opinion:
- [By Zacks]
Following the reform, Mexico drew multi-billion dollars' investment. It could lead up to an output of 3 MMBbl/d by the end of the planned period, as predicted by the supporters of the reform. The reform could also bring down electricity rates in the country. So far, Mexico has awarded around 90 contracts, both onshore and offshore. The country raised about $100 billion from the auctions by the end of January. With nine oil and gas blocks, Shell has emerged as the leading player in the auctions held so far. Other winners in the bidding processes include Eni S.p.A. (NYSE: E)of Italy, Inpex of Japan, France's TOTAL S.A. (NYSE: TOT), Chevron and more.
- [By Joseph Griffin]
Eni SpA (NYSE:E) has received an average rating of “Hold” from the twelve analysts that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $34.24.
- [By Shane Hupp]
Enterprise Group Inc (TSE:E) shares hit a new 52-week low during trading on Friday . The stock traded as low as C$0.37 and last traded at C$0.37, with a volume of 24200 shares traded. The stock had previously closed at C$0.40.
- [By Shane Hupp]
ENI (NYSE:E) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “With recovering oil prices, Eni’s operating profits from its Refining & Marketing business has gone down in the first half of 2018 against the comparable period of 2017. Also, operating profit from its Chemical business fell 79% during this period due to rising costs of oil-based feedstock. Moreover, Eni has sold 50% of its stake in the Zohr field, a high yielding project, which can impact its revenues. Fall in demand for products like gasoil and gasoline, in Italy, is also a concern for the company. If this consumption trend persists, the company’s profit levels will get affected. Given these headwinds, Eni seems like a risky bet that ordinary investors should exit.”
Top Energy Stocks To Buy Right Now: BWX Technologies, Inc.(BWXT)
Advisors’ Opinion:
- [By Stephan Byrd]
Synovus Financial Corp acquired a new stake in shares of BWX Technologies (NYSE:BWXT) during the first quarter, Holdings Channel reports. The fund acquired 1,892 shares of the technology company’s stock, valued at approximately $122,000.
- [By Shane Hupp]
Get a free copy of the Zacks research report on BWX Technologies (BWXT)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Ethan Ryder]
Get a free copy of the Zacks research report on BWX Technologies (BWXT)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Ethan Ryder]
News coverage about BWX Technologies (NYSE:BWXT) has trended somewhat positive on Friday, Accern reports. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. BWX Technologies earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 44.8987761555585 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
- [By Stephan Byrd]
Get a free copy of the Zacks research report on BWX Technologies (BWXT)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Shane Hupp]
BWX Technologies (NYSE:BWXT) was downgraded by analysts at Bank of America from a “neutral” rating to an “underperform” rating in a research note issued on Friday, The Fly reports.
Top Energy Stocks To Buy Right Now: SM Energy Company(SM)
Advisors’ Opinion:
- [By Ethan Ryder]
SM Energy Co (NYSE:SM) gapped up prior to trading on Tuesday . The stock had previously closed at $32.22, but opened at $32.20. SM Energy shares last traded at $31.49, with a volume of 60289 shares trading hands.
- [By Logan Wallace]
Scotia Howard Weill upgraded shares of SM Energy (NYSE:SM) from a sector perform rating to a sector outperform rating in a research note published on Thursday morning.
- [By Matthew DiLallo]
Shares of oil producers Laredo Petroleum (NYSE:LPI) and SM Energy (NYSE:SM), as well as units of Golar LNG Partners LP (NASDAQ:GMLP), an MLP that owns liquified natural gas carriers and floating storage and regasification units, all declined by double digits by Friday afternoon. Lower oil prices weighed on the first two, while an analyst downgrade was the culprit in the latter.