Top Oil Stocks To Own Right Now

I’ve created a simulation of past and future oil production in the Bakken in the form of a virtual oil field.

(image source:Illinois DNR)

In this simulation, I created a number of virtual oil wells for each week, over time, based on Baker Hughes Rig Count data.

Top Oil Stocks To Own Right Now: Range Resources Corporation(RRC)

Advisors’ Opinion:

  • [By Paul Ausick]

    Range Resources Corp. (NYSE: RRC) fell about 3.6% Monday to post a new 52-week low of $14.77 after closing at $15.30 on Friday. The 52-week high is $35.64. Volume of about 9.4 million was about 20% higher than the daily average of around 7.7 million shares traded. The company had no specific news.

  • [By Paul Ausick]

    Range Resources Corp. (NYSE: RRC) fell about 4.4% Tuesday to post a new 52-week low of $14.43 after closing at $15.09 on Monday. The 52-week high is $34.93. Volume of about 15 million was nearly double the daily average of around 7.7 million shares traded. The company had no specific news.

Top Oil Stocks To Own Right Now: Encana Corporation(ECA)

Advisors’ Opinion:

  • [By Matthew DiLallo]

    Today, however, many drillers are setting a high bar for new wells. EOG Resources (NYSE:EOG) has been one of the leaders in disrupting the former way of thinking by establishing a high return hurdle rate for new wells of 30% after-tax at $40 oil. Others followed with similar return-focused approaches, including Encana (NYSE:ECA), which needs locations to achieve a 35% after-tax return at $50 oil to meet its premium hurdle rate.

  • [By ]

    Already, shale companies such as Encana (ECA) , Occidental Petroleum (OXY) and Pioneer Natural Resources (PXD) , among others, are reporting higher cash flows and earnings on higher oil prices. As a result, they are paying down debt, increasing dividends and engaging in buybacks. This is a dramatic improvement in shareholder yield for the group.

Top Oil Stocks To Own Right Now: Williams Partners L.P.(WPZ)

Advisors’ Opinion:

  • [By Lisa Levin] Gainers
    Carver Bancorp, Inc. (NASDAQ: CARV) shares jumped 92.1 percent to $7.01.
    iPic Entertainment Inc. (NASDAQ: IPIC) gained 21.6 percent to $9.73.
    Baozun Inc. (NASDAQ: BZUN) shares jumped 18.7 percent to $53.49 after reporting Q1 results.
    World Wrestling Entertainment, Inc. (NYSE: WWE) shares jumped 15.9 percent to $50.50. The company's "Smackdown Live" may not be renewed at NBCUniversal network and the company's "Monday Night Raw" program could be worth three times its current value elsewhere, according to a report for The Hollywood Reporter.
    Spectrum Pharmaceuticals, Inc. (NASDAQ: SPPI) gained 14.7 percent to $ 20.46 after the company issued further details on Phase 3 ADVANCE study of ROLONTIS.
    Motus GI Holdings, Inc. (NASDAQ: MOTS) climbed 13.4 percent to $5.5009.
    Endocyte, Inc. (NASDAQ: ECYT) rose 13.3 percent to $ 14.23 after the company announced presentation of Phase 2 data from prostate cancer trial of 177Lu-PSMA-617 at the 2018 ASCO Annual Meeting.
    Diana Containerships Inc. (NASDAQ: DCIX) gained 12.9 percent to $1.7499 after the company announced the sale of Post-Panamax Container Vessel for $21 million.
    Essendant Inc. (NASDAQ: ESND) gained 12.7 percent to $12.43. Essendant confirmed receipt of unsolicited proposal from Staples of $11.50 per share in cash.
    Blink Charging Co (NASDAQ: BLNK) rose 11.8 percent to $8.04 after surging 31.68 percent on Wednesday.
    OptimumBank Holdings, Inc. (NASDAQ: OPHC) gained 11.5 percent to $5.15.
    Flotek Industries, Inc. (NYSE: FTK) shares climbed 10.7 percent to $3.74.
    Farmer Bros. Co. (NASDAQ: FARM) rose 7.9 percent to $25.95 after climbing 7.90 percent on Wednesday.
    Minerva Neurosciences Inc (NASDAQ: NERV) rose 6.5 percent to $6.93 after Journal of Clinical Psychiatry published positive results of cognitive performance from Phase 2B trial of roluperidone in schizophrenia patients.
    Williams Partners L.P. (NYSE: WPZ) rose 5.6 percent to $40
  • [By Shane Hupp]

    Williams Pipeline Partners LP (NYSE:WPZ) – US Capital Advisors decreased their Q3 2018 earnings per share (EPS) estimates for shares of Williams Pipeline Partners in a research note issued to investors on Monday, May 14th. US Capital Advisors analyst B. Followill now forecasts that the pipeline company will post earnings per share of $0.39 for the quarter, down from their previous forecast of $0.41. US Capital Advisors also issued estimates for Williams Pipeline Partners’ Q4 2018 earnings at $0.45 EPS and FY2019 earnings at $1.87 EPS.

  • [By Dan Caplinger]

    The stock market stayed in a pretty narrow range on Thursday, climbing early in the session but then slowly drifting lower through the afternoon hours. In the absence of major news, investors largely looked forward to key events like trade negotiations among the world’s largest economies. Other financial markets saw mixed moves as well, with 10-year Treasury yields climbing above 3.1% while oil prices stayed comfortably above $70 per barrel. Despite the quiet day, some companies had good news that pushed their shares sharply higher. World Wrestling Entertainment (NYSE:WWE), Chesapeake Energy (NYSE:CHK), and Williams Partners (NYSE:WPZ) were among the best performers on the day. Below, we’ll look more closely at these stocks to tell you why they did so well.

Top Oil Stocks To Own Right Now: ConocoPhillips(COP)

Advisors’ Opinion:

  • [By Paul Ausick]

    Before markets open Friday, the two energy producers among the 30 Dow Jones industrial stocks will be reporting first-quarter results. Exxon Mobil Corp. (NYSE: XOM) and Chevron Corp. (NYSE: COP) are both expected to show higher revenues and profits, largely as a result of higher commodity prices. But there are other issues at play as well.

  • [By Ethan Ryder]

    Whittier Trust Co. grew its holdings in ConocoPhillips (NYSE:COP) by 15.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 11,978 shares of the energy producer’s stock after acquiring an additional 1,635 shares during the period. Whittier Trust Co.’s holdings in ConocoPhillips were worth $710,000 at the end of the most recent reporting period.

  • [By Chris Lange]

    The number of ConocoPhillips (NYSE: COP) shares short rose to 24.44 million from the previous level of 23.91 million. Shares were trading at $64.80, within a 52-week range of $42.27 to $67.30.

  • [By Matthew DiLallo]

    ConocoPhillips’ (NYSE:COP) management team has worked tirelessly in recent years to transform the oil company into one that could thrive on lower prices. As a result, itcashed in during the first quarterwhen crude was well above its baseline plan. That strong showing sets the company up for continued success in the coming year — a key theme running through management’s comments on the accompanying conference call, which detailed recent achievements and how they frame what lies ahead.

  • [By Chris Lange]

    The number of ConocoPhillips (NYSE: COP) shares short decreased to 23.15 million from the previous level of 24.60 million. Shares were trading at $52.55, within a 52-week range of $42.27 to $61.32.

  • [By Spencer Israel]

    Oil companies were popular sells for the month, including ConocoPhillips (NYSE: COP), BP p.l.c. (NYSE: BP), and Transocean Ltd. (NYSE: RIG) all net sold. Investors also net sold Alcoa Corp. (NYSE: AA), Starbucks Corporation (NYSE: CMG). and Facebook Inc. (NASDAQ: FB) in the midst of CEO Mark Zuckerberg's testimony before Congress.