Southwestern Energy (NYSE: SWN), LG Display Co Ltd. (NYSE: LPL), Post Properties, Inc. (NYSE: PPS) and Transcept Pharmaceuticals Incorporated (NASDAQ: TSPT) were upgraded by analysts.
Southwestern Energy (SWN) was upgraded by Raymond James (NYSE:RJF) from an “Underperform” rating to a “Market Perform” rating.
LG Display Co Ltd. (LPL) was upgraded by HSBC (NYSE:HBC) from an “Underweight” rating to an “Overweight” rating.
Post Properties, Inc. (PPS) was upgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Underweight” rating to a “Neutral” rating. They have a price target of $34.00 on the company.
Transcept Pharmaceuticals Incorporated (TSPT) was upgraded by MLV Capital from a “Hold” rating to a “Buy” rating. They have a price target of $21.00 on the company.
Showing posts with label Southwestern Energy. Show all posts
Showing posts with label Southwestern Energy. Show all posts
Wednesday, November 2, 2011
Monday, August 15, 2011
AutoZone, Inc. (AZO) (CX) (VRSN) (ATI) (SWN) (PCX) (AZO) Upgraded
AutoZone, Inc. (NYSE: AZO), Cemex SAB de CV (NYSE: CX), Verisign, Inc. (NASDAQ: VRSN), Allegheny Technologies Incorporated (NYSE: ATI), Southwestern Energy (NYSE: SWN), Patriot Coal Corp (NYSE: PCX) and AutoZone, Inc. (NYSE: AZO) upgraded by analysts.
Cemex SAB de CV (CX) was upgraded by Bank of America (NYSE:BAC) from an “Underperform” rating to a “Neutral” rating.
Verisign, Inc. (VRSN) was upgraded by Credit Agricole from an “Outperform” rating to a “Buy” rating.
Allegheny Technologies Incorporated (ATI) was upgraded by Citigroup (NYSE:C) from a “Sell” rating to a “Hold” rating.
Southwestern Energy (SWN) was upgraded by Robert W. Baird from a “Neutral” rating to an “Outperform” rating. They have a price target of $45.00 on the company, down from $47.00.
Patriot Coal Corp. (PCX) was upgraded by Citigroup (NYSE:C) from a “Sell” rating to a “Hold” rating.
AutoZone, Inc. (AZO) was upgraded by Oppenheimer from a “Perform” rating to an “Outperform” rating. They have a price target of $332.00 on the company.
Cemex SAB de CV (CX) was upgraded by Bank of America (NYSE:BAC) from an “Underperform” rating to a “Neutral” rating.
Verisign, Inc. (VRSN) was upgraded by Credit Agricole from an “Outperform” rating to a “Buy” rating.
Allegheny Technologies Incorporated (ATI) was upgraded by Citigroup (NYSE:C) from a “Sell” rating to a “Hold” rating.
Southwestern Energy (SWN) was upgraded by Robert W. Baird from a “Neutral” rating to an “Outperform” rating. They have a price target of $45.00 on the company, down from $47.00.
Patriot Coal Corp. (PCX) was upgraded by Citigroup (NYSE:C) from a “Sell” rating to a “Hold” rating.
AutoZone, Inc. (AZO) was upgraded by Oppenheimer from a “Perform” rating to an “Outperform” rating. They have a price target of $332.00 on the company.
Thursday, August 11, 2011
Newmont (NEM) (WY) (SWN) (PCL) (PFE) (OAS) Upgraded
Newmont Mining Co. (NYSE: NEM), Weyerhaeuser (NYSE: WY), Southwestern Energy (NYSE: SWN), Plum Creek Timber Co. (NYSE: PCL), Pfizer Inc (NYSE: PFE) and Oasis Petroleum Inc. (NYSE: OAS) upgraded by analysts.
Weyerhaeuser (WY) was upgraded by UBS AG (NYSE:UBS) from a “Sell” rating to a “Neutral” rating.
Southwestern Energy (SWN) was upgraded by Global Hunter Securities from a “Reduce” rating to a “Neutral” rating. They have a price target of $39.00 on the company.
Plum Creek Timber Co. (PCL) was upgraded by UBS AG from a “Sell” rating to a “Neutral” rating.
Pfizer Inc. (PFE) was upgraded by Argus from a “Hold” rating to a “Buy” rating. They have a price target of $21.00 on the company.
Oasis Petroleum Inc. (OAS) was upgraded by Morgan Keegan from a “Market Perform” rating to an “Outperform” rating. The have a price target of $34.00 on the company.
Newmont Mining Co. (NEM) was upgraded by Stifel Nicolaus from a “Hold” rating to a “Buy” rating. They have a price target of $76.00 on the company.
Weyerhaeuser (WY) was upgraded by UBS AG (NYSE:UBS) from a “Sell” rating to a “Neutral” rating.
Southwestern Energy (SWN) was upgraded by Global Hunter Securities from a “Reduce” rating to a “Neutral” rating. They have a price target of $39.00 on the company.
Plum Creek Timber Co. (PCL) was upgraded by UBS AG from a “Sell” rating to a “Neutral” rating.
Pfizer Inc. (PFE) was upgraded by Argus from a “Hold” rating to a “Buy” rating. They have a price target of $21.00 on the company.
Oasis Petroleum Inc. (OAS) was upgraded by Morgan Keegan from a “Market Perform” rating to an “Outperform” rating. The have a price target of $34.00 on the company.
Newmont Mining Co. (NEM) was upgraded by Stifel Nicolaus from a “Hold” rating to a “Buy” rating. They have a price target of $76.00 on the company.
Tuesday, August 2, 2011
Amgen (AMGN) (HP) (SWN) (WY) (NWL) (OI) EPS Estimates Changed
Amgen, Inc. (NASDAQ: AMGN), Helmerich & Payne (NYSE: HP), Southwestern Energy (NYSE: SWN), Weyerhaeuser (NYSE: WY), Newell Rubbermaid (NYSE: NWL) and Owens-Illinois (NYSE: OI) EPS estimated adjusted.
Oppenheimer lowered its EPS estimates on Amgen, Inc. (AMGN). They have an “Outperform” rating and a price target of $66.00 on the company.
Goldman Sachs (NYSE:GS) boosted its EPS estimates on Helmerich & Payne (HP). They have a “Neutral” rating and a price target of $80.00 on the company.
Morgan Stanley (NYSE:MS) raised its EPS estimates on Southwestern Energy (SWN). They have a “Neutral” rating and a price target of $51.00 on the company.
UBS AG (NYSE:UBS) cuts its EPS estimates Weyerhaeuser (WY). They have a “Sell” rating and a price target of $18.00 on the company.
Morgan Stanley cut its EPS estimates on Newell Rubbermaid (NWL). They have an “Overweight” rating and a price target of $20.00 on the company.
Goldman Sachs cut its EPS estimates on Owens-Illinois (OI). They have a “Neutral” rating and a price target of $28.00 on the company.
Oppenheimer lowered its EPS estimates on Amgen, Inc. (AMGN). They have an “Outperform” rating and a price target of $66.00 on the company.
Goldman Sachs (NYSE:GS) boosted its EPS estimates on Helmerich & Payne (HP). They have a “Neutral” rating and a price target of $80.00 on the company.
Morgan Stanley (NYSE:MS) raised its EPS estimates on Southwestern Energy (SWN). They have a “Neutral” rating and a price target of $51.00 on the company.
UBS AG (NYSE:UBS) cuts its EPS estimates Weyerhaeuser (WY). They have a “Sell” rating and a price target of $18.00 on the company.
Morgan Stanley cut its EPS estimates on Newell Rubbermaid (NWL). They have an “Overweight” rating and a price target of $20.00 on the company.
Goldman Sachs cut its EPS estimates on Owens-Illinois (OI). They have a “Neutral” rating and a price target of $28.00 on the company.
Thursday, May 19, 2011
Rosetta (ROSE) (RRC) (SWN) (TAT) (EPM) Trade Up on Weak U.S. Dollar
Shares of oil companies Rosetta Resources (NASDAQ:ROSE), Range Resources (NYSE:RRC), Southwestern Energy (NYSE:SWN), TransAtlantic Petroleum (AMEX:TAT) and Evolution Petroleum (AMEX:EPM) traded higher Wednesday after a report from the Energy Information Administration saying gas inventory was up less than expected and oil inventory was flat.
Benchmark West Texas Intermediate crude for June delivery was up $3.19, or 3.3 percent, to settle at $100.10 a barrel on the New York Mercantile Exchange.
Retail gasoline prices continued to fall, dropping almost 2 cents on Wednesday for a national average of $3.926 a gallon. Gasoline demand continues to fall in wake of high prices at the pump.
Heating oil for June increased 6.08 cents to settle at $2.9059 a gallon and gasoline futures jumped 3.62 cents to settle at $2.9555 a gallon. Natural gas gained 2 cents at $4.266 per 1,000 cubic feet.
Brent crude rose $2.31 in London, or 2.1 percent, to settle at $112.30 a barrel on the ICE Futures exchange.
The U.S. dollar index, which measures the dollar against a basket of six currencies, traded at 75.438, down a little from 75.441 late Tuesday. That was also a factor in oil prices going up, as well as other commodity prices as well.
The euro traded at $1.4233, strengthening after falling to $1.4193 and up slightly from its $1.4219 close on Tuesday.
Traders bought commodities, including oil, on the weaker greenback.
TransAtlantic Petroleum (TAT) closed Wednesday at $2.21, gaining $0.07, or 3.27 percent.
Benchmark West Texas Intermediate crude for June delivery was up $3.19, or 3.3 percent, to settle at $100.10 a barrel on the New York Mercantile Exchange.
Retail gasoline prices continued to fall, dropping almost 2 cents on Wednesday for a national average of $3.926 a gallon. Gasoline demand continues to fall in wake of high prices at the pump.
Heating oil for June increased 6.08 cents to settle at $2.9059 a gallon and gasoline futures jumped 3.62 cents to settle at $2.9555 a gallon. Natural gas gained 2 cents at $4.266 per 1,000 cubic feet.
Brent crude rose $2.31 in London, or 2.1 percent, to settle at $112.30 a barrel on the ICE Futures exchange.
The U.S. dollar index, which measures the dollar against a basket of six currencies, traded at 75.438, down a little from 75.441 late Tuesday. That was also a factor in oil prices going up, as well as other commodity prices as well.
The euro traded at $1.4233, strengthening after falling to $1.4193 and up slightly from its $1.4219 close on Tuesday.
Traders bought commodities, including oil, on the weaker greenback.
TransAtlantic Petroleum (TAT) closed Wednesday at $2.21, gaining $0.07, or 3.27 percent.
Monday, May 16, 2011
Flotek (FTK) (DRQ) (EPM) (SWN) Trade Mixed as Oil Prices Rebounded
Shares of Flotek Industries, Inc. (NYSE:FTK), Dril-Quip, Inc. (NYSE:DRQ), Evolution Petroleum (AMEX:EPM) and Southwestern Energy (NYSE:SWN) traded mixed even as oil and gas prices closed Friday in positive territory.
On the New York Mercantile Exchange, crude for June delivery on Friday settled at $99.65 a barrel, up 68 cents, or 0.69 percent, after trading in a range of $97.09 to $100.70.
For the week, front-month crude climbed $2.47, or 2.5 percent.
ICE Brent for June delivery settled at $113.83 a barrel, up 85 cents, or 0.75 percent, after trading in a range of $111.72 to $114.92. The Brent crude contract for July delivery was at 66 cents, or 0.6 percent higher on Friday, at $112.99. Last week, Brent crude jumped $4.70, or 4.3 percent.
The U.S. dollar index was up 0.8 percent higher at $75.72 as the euro was down 1 percent against the dollar at $1.411. On Friday, European officials said that Greece, Ireland and Portugal's sovereign debt problems may be worse than previously believed.
NYMEX June gasoline settled at $3.0744 a gallon, up 1.05 cents, or 0.34 percent, after trading in a range of $3.0342 to $3.1388.
For the week, front-month RBOB fell 1.57 cents, or 0.5 percent.
NYMEX June heating oil closed at $2.9422 a gallon, rising 2.85 cents, or 1 percent.
Front-month heating oil for last week was up 9.65 cents.
Southwestern Energy (SWN) closed Friday at $41.20, dropping $0.21, or 0.51 percent.
On the New York Mercantile Exchange, crude for June delivery on Friday settled at $99.65 a barrel, up 68 cents, or 0.69 percent, after trading in a range of $97.09 to $100.70.
For the week, front-month crude climbed $2.47, or 2.5 percent.
ICE Brent for June delivery settled at $113.83 a barrel, up 85 cents, or 0.75 percent, after trading in a range of $111.72 to $114.92. The Brent crude contract for July delivery was at 66 cents, or 0.6 percent higher on Friday, at $112.99. Last week, Brent crude jumped $4.70, or 4.3 percent.
The U.S. dollar index was up 0.8 percent higher at $75.72 as the euro was down 1 percent against the dollar at $1.411. On Friday, European officials said that Greece, Ireland and Portugal's sovereign debt problems may be worse than previously believed.
NYMEX June gasoline settled at $3.0744 a gallon, up 1.05 cents, or 0.34 percent, after trading in a range of $3.0342 to $3.1388.
For the week, front-month RBOB fell 1.57 cents, or 0.5 percent.
NYMEX June heating oil closed at $2.9422 a gallon, rising 2.85 cents, or 1 percent.
Front-month heating oil for last week was up 9.65 cents.
Southwestern Energy (SWN) closed Friday at $41.20, dropping $0.21, or 0.51 percent.
Wednesday, May 11, 2011
Southwestern Energy (SWN) Trades Up as Oil, Gas Rise
Southwestern Energy (NYSE:SWN) traded up Tuesday as crude oil, natural gas and gasoline prices jumped, pushing up the share price of the company.
Benchmark crude for May delivery rose $1.33 to settle at $103.88 a barrel on the New York Mercantile Exchange.
Heating oil jumped 3.94 cents to settle at $3.0012 a gallon. Gasoline futures climbed 10.13 cents to settle at $3.3797 a gallon, while natural gas for June delivery increased 8.7 cents to settle at $4.303 per 1,000 cubic feet.
Southwestern Energy participates in the exploration, development, and production of natural gas and crude oil in the United States.
Southwestern Energy (SWN) closed Tuesday at $43.01, rising $0.40, or 0.94 percent.
Benchmark crude for May delivery rose $1.33 to settle at $103.88 a barrel on the New York Mercantile Exchange.
Heating oil jumped 3.94 cents to settle at $3.0012 a gallon. Gasoline futures climbed 10.13 cents to settle at $3.3797 a gallon, while natural gas for June delivery increased 8.7 cents to settle at $4.303 per 1,000 cubic feet.
Southwestern Energy participates in the exploration, development, and production of natural gas and crude oil in the United States.
Southwestern Energy (SWN) closed Tuesday at $43.01, rising $0.40, or 0.94 percent.
Tuesday, May 10, 2011
Kodiak (KOG) (END) (RRC) (SWN) Trade Up as Oil Prices Jump
Most oil and related companies performed strong Monday, as Kodiak Oil & Gas (Amex:KOG), Endeavour International (NYSE:END), Range Resources (NYSE:RRC) and Southwestern Energy (NYSE:SWN) traded up as the price of oil rebounded.
Crude oil for June delivery climbed $5.37 to settle at $102.55 a barrel on the New York Mercantile Exchange, the largest one-day boost since February 22.
Brent crude for June settlement jumped $6.77, or 6.2 percent, to $115.90 a barrel on the London-based ICE Futures Europe exchange.
Wholesale gasoline prices soared 5 percent on Monday to $3.20 a gallon on fears that refineries in Mississippi may have to shut down because of the Mississippi River flooding.
The average U.S. price of a gallon of regular gasoline Monday fell by a penny to $3.96, according to AAA.
Immediate delivery futures of Texas crude oil rose $5.53 to $102.71 a barrel. Natural gas was up 0.06 cents to $4.17 per mbtu, while gasoline prices fell 20.17 cents to 329.18 cents a gallon.
Endeavour International (END) closed Monday at $12.34, gaining $0.51, or 4.31 percent.
Crude oil for June delivery climbed $5.37 to settle at $102.55 a barrel on the New York Mercantile Exchange, the largest one-day boost since February 22.
Brent crude for June settlement jumped $6.77, or 6.2 percent, to $115.90 a barrel on the London-based ICE Futures Europe exchange.
Wholesale gasoline prices soared 5 percent on Monday to $3.20 a gallon on fears that refineries in Mississippi may have to shut down because of the Mississippi River flooding.
The average U.S. price of a gallon of regular gasoline Monday fell by a penny to $3.96, according to AAA.
Immediate delivery futures of Texas crude oil rose $5.53 to $102.71 a barrel. Natural gas was up 0.06 cents to $4.17 per mbtu, while gasoline prices fell 20.17 cents to 329.18 cents a gallon.
Endeavour International (END) closed Monday at $12.34, gaining $0.51, or 4.31 percent.
Monday, May 9, 2011
Shares of (KOG) (WLL) (SWN) (BHI) (XOM) Trade Mixed as Oil Closed Down 15% Last Week
Companies exposed to oil and the industry traded mixed to end the week, as oil prices plummeted 15 percent last week, taking Kodiak Oil & Gas (Amex:KOG), Whiting Petroleum (NYSE:WLL), Southwestern Energy (NYSE:SWN), Baker Hughes Incorporated (NYSE:BHI) and Exxon Mobil (NYSE:XOM), and others, down with it.
Light, sweet crude oil for June delivery on the New York Mercantile Exchange dropped $2.62 to settle at $97.18 a barrel, matching the eight-week low of March 15. The U.S. Oil Fund (USO) closed down 1.1 percent on Friday.
For the week, the June oil futures contract fell 14.7 percent to $113.93.
Light, sweet crude for June delivery fell $2.62, or 2.6%, to close at $97.18 a barrel on the New York Mercantile Exchange.
In London, Brent crude finished the day off $1.67 at $109.13 per barrel on the ICE Futures exchange.
Republicans went on the offensive against higher oil and gas prices by passing a bill to hasten the leasing process dragging on in the Gulf of Mexico as the Obama administration drag their feet on taking action. The bill would also require leasing to be allowed off the coast of Virginia.
According to Rep. Michael Burgess (R-Texas), the bill helped push down the price of oil as it sent a message to the market they're serious about the future supply.
All Obama has done so far has obsessed on the fantasy of green, clean or so-called alternative energy; a dubious matter at best, and at worst, ignoring what they country needs now and is available to it.
In other Nymex trading for June contracts, heating oil fell 4.12 cents to $2.8457 a U.S. gallon and gasoline futures were down 0.53 cents to $3.0901 a U.S. gallon. Natural gas fell 3.4 cents to $4.297 per 1,000 cubic feet.
Kodiak Oil & Gas (KOG) closed Friday at $6.18, gaining $0.10, or 1.64 percent.
Light, sweet crude oil for June delivery on the New York Mercantile Exchange dropped $2.62 to settle at $97.18 a barrel, matching the eight-week low of March 15. The U.S. Oil Fund (USO) closed down 1.1 percent on Friday.
For the week, the June oil futures contract fell 14.7 percent to $113.93.
Light, sweet crude for June delivery fell $2.62, or 2.6%, to close at $97.18 a barrel on the New York Mercantile Exchange.
In London, Brent crude finished the day off $1.67 at $109.13 per barrel on the ICE Futures exchange.
Republicans went on the offensive against higher oil and gas prices by passing a bill to hasten the leasing process dragging on in the Gulf of Mexico as the Obama administration drag their feet on taking action. The bill would also require leasing to be allowed off the coast of Virginia.
According to Rep. Michael Burgess (R-Texas), the bill helped push down the price of oil as it sent a message to the market they're serious about the future supply.
All Obama has done so far has obsessed on the fantasy of green, clean or so-called alternative energy; a dubious matter at best, and at worst, ignoring what they country needs now and is available to it.
In other Nymex trading for June contracts, heating oil fell 4.12 cents to $2.8457 a U.S. gallon and gasoline futures were down 0.53 cents to $3.0901 a U.S. gallon. Natural gas fell 3.4 cents to $4.297 per 1,000 cubic feet.
Kodiak Oil & Gas (KOG) closed Friday at $6.18, gaining $0.10, or 1.64 percent.
Friday, May 6, 2011
Encana (ECA) (PXP) (SWN) (DVN) Pressured as Oil Falls
Oil and oil-related companies Encana Corp. (NYSE:ECA), Plains Exploration & Production (NYSE:PXP), Southwestern Energy (NYSE:SWN) and Devon Energy (NYSE:DVN) were pressured Thursday as crude for June delivery dropped below the $100 a barrel mark.
Crude oil for June delivery was down $9.44, or 8.6 percent, to $99.80 a barrel on the New York Mercantile Exchange. The price has fallen 12 percent so far this week, declining every day of the week. Crude has soared 25 percent over the last year.
Gasoline for May delivery was down 22.71 cents, or 6.8 percent, to $3.0954 a gallon on the Nymex, the lowest settlement in five weeks. Gasoline has jumped 39 percent in a year.
Averaged across the nation, regular gasoline at the pump increased 0.3 cent to $3.985 a gallon on Wednesday, according to the website of AAA. That's highest price of gasoline since July 24, 2008.
Heating oil for May delivery was down 25.61 cents, or 8.1 percent, to $2.8869 a gallon on the Nymex. Heating oil has climbed 32 percent over the last year.
The New York Mercantile Exchange reported that oil futures settled at $99.80, down $9.44 or 8.6 percent on Thursday.
Government figures show gasoline demand in America has dropped about 2 percent over the last month, which added to rises in inventory, should push gasoline prices down again.
Encana Corp. (ECA) closed Thursday at $32.13, down $0.49, or 1.50 percent.
Crude oil for June delivery was down $9.44, or 8.6 percent, to $99.80 a barrel on the New York Mercantile Exchange. The price has fallen 12 percent so far this week, declining every day of the week. Crude has soared 25 percent over the last year.
Gasoline for May delivery was down 22.71 cents, or 6.8 percent, to $3.0954 a gallon on the Nymex, the lowest settlement in five weeks. Gasoline has jumped 39 percent in a year.
Averaged across the nation, regular gasoline at the pump increased 0.3 cent to $3.985 a gallon on Wednesday, according to the website of AAA. That's highest price of gasoline since July 24, 2008.
Heating oil for May delivery was down 25.61 cents, or 8.1 percent, to $2.8869 a gallon on the Nymex. Heating oil has climbed 32 percent over the last year.
The New York Mercantile Exchange reported that oil futures settled at $99.80, down $9.44 or 8.6 percent on Thursday.
Government figures show gasoline demand in America has dropped about 2 percent over the last month, which added to rises in inventory, should push gasoline prices down again.
Encana Corp. (ECA) closed Thursday at $32.13, down $0.49, or 1.50 percent.
Thursday, May 5, 2011
Exxon Mobil (XOM) (UPL) (SWN) (KMP) (WLL) Trade Down on Slowing Oil Demand
Oil companies and other industry-related companies Exxon Mobil (NYSE:XOM), Ultra Petroleum (NYSE:UPL), Southwestern Energy (NYSE:SWN), Kinder Morgan Energy Partners (NYSE:KMP) and Whiting Petroleum (NYSE:WLL) all closed down Wednesday as oil prices took a breather.
Oil prices dropped after a government report showed that inventories are growing as demand softens in the U.S. Benchmark crude for June delivery was down $1.81 to settle at $109.24 a barrel on the New York Mercantile Exchange.
In other NYMEX trading for June contracts, heating oil fell 4.78 cents to settle at $3.143 a gallon, gasoline futures lost 0.69 cent to $3.3225 a gallon and natural gas was lower by 9.4 cents to $4.644 per 1,000 cubic feet.
The U.S. dollar index shrunk 0.15 percent to $73.01, down from Tuesday's 73.127 close. The dollar index has fallen 7.5 percent so far in 2011.
Whiting Petroleum (WLL) closed Wednesday at $64.05, falling $2.00, or 3.03 percent.
Oil prices dropped after a government report showed that inventories are growing as demand softens in the U.S. Benchmark crude for June delivery was down $1.81 to settle at $109.24 a barrel on the New York Mercantile Exchange.
In other NYMEX trading for June contracts, heating oil fell 4.78 cents to settle at $3.143 a gallon, gasoline futures lost 0.69 cent to $3.3225 a gallon and natural gas was lower by 9.4 cents to $4.644 per 1,000 cubic feet.
The U.S. dollar index shrunk 0.15 percent to $73.01, down from Tuesday's 73.127 close. The dollar index has fallen 7.5 percent so far in 2011.
Whiting Petroleum (WLL) closed Wednesday at $64.05, falling $2.00, or 3.03 percent.
Wednesday, May 4, 2011
Chesapeake (CHK) (FTI) (SWN) (CWEI) (APA) Drop as Oil Prices Fall
Decreasing demand for fuel has pushed down oil inventories and the price of oil, putting pressure on FMC Technologies, Inc. (NYSE:FTI), Southwestern Energy (NYSE:SWN), Clayton Williams Energy (NASDAQ:CWEI), Chesapeake Energy Corp. (NYSE:CHK) and Apache Corp (NYSE:APA).
Light, sweet crude for June delivery settled down $2.47, or 2.2%, at $111.05 a barrel on the New York Mercantile Exchange. London Brent crude for June fell $2.67 to settle at $122.45 a barrel.
Front-month June reformulated gasoline blendstock, or RBOB, settled down $1.85 cents, or 0.6%, at $3.3294 a gallon. June heating oil lost 6.13 cents, or 1.9%, to settle at $3.1908 a gallon.
Gasoline prices on average across America have jumped to just under $4.00 a gallon, rising to $3.97 a gallon for regular gas, according to AAA.
Silver is considered the key catalyst for downward pressure on oil prices and trading, as it has become a proxy to some for risk appetite among commodity traders.
After selling out of silver commodity traders followed up with divesting of positions in oil as well.
Even so, it appears the slight strengthening of the U.S dollar played a bit role Tuesday as well.
Chesapeake Energy Corp. (CHK) closed Tuesday at $31.33, falling $1.90, or 5.72 percent.
Light, sweet crude for June delivery settled down $2.47, or 2.2%, at $111.05 a barrel on the New York Mercantile Exchange. London Brent crude for June fell $2.67 to settle at $122.45 a barrel.
Front-month June reformulated gasoline blendstock, or RBOB, settled down $1.85 cents, or 0.6%, at $3.3294 a gallon. June heating oil lost 6.13 cents, or 1.9%, to settle at $3.1908 a gallon.
Gasoline prices on average across America have jumped to just under $4.00 a gallon, rising to $3.97 a gallon for regular gas, according to AAA.
Silver is considered the key catalyst for downward pressure on oil prices and trading, as it has become a proxy to some for risk appetite among commodity traders.
After selling out of silver commodity traders followed up with divesting of positions in oil as well.
Even so, it appears the slight strengthening of the U.S dollar played a bit role Tuesday as well.
Chesapeake Energy Corp. (CHK) closed Tuesday at $31.33, falling $1.90, or 5.72 percent.
Tuesday, May 3, 2011
Price Targets on (SPG) (SWN) (SYKE) (VTUS) Updated
Price targets on Simon Properties (NYSE: SPG), Southwestern Energy (NYSE: SWN), Sykes Enterprises, Incorporated (NASDAQ: SYKE) and Ventrus Biosciences Inc (NASDAQ: VTUS) were updated today by analysts.
RBC Capital raised their price target on Simon Properties (SPG) from $120.00 to $130.00. They have a “top pick” rating on the company.
Howard Weil raised their price target on Southwestern Energy (SWN) from $44.00 to $48.00. They have an “outperform” rating on the company.
Stifel Nicolaus raised their price target on Sykes Enterprises, Incorporated (SYKE) from $24.00 to $26.00. They have a “buy” rating on the company.
Rodman & Renshaw raised their price target on Ventrus Biosciences Inc (VTUS) from $12.00 to $25.00. They have an “outperform” rating on the company.
RBC Capital raised their price target on Simon Properties (SPG) from $120.00 to $130.00. They have a “top pick” rating on the company.
Howard Weil raised their price target on Southwestern Energy (SWN) from $44.00 to $48.00. They have an “outperform” rating on the company.
Stifel Nicolaus raised their price target on Sykes Enterprises, Incorporated (SYKE) from $24.00 to $26.00. They have a “buy” rating on the company.
Rodman & Renshaw raised their price target on Ventrus Biosciences Inc (VTUS) from $12.00 to $25.00. They have an “outperform” rating on the company.
Venoco (VQ) (SWN) (BPL) (KMP) Trade Mixed on Volatile Energy Day
Shares of Venoco Inc. (NYSE:VQ), Southwestern Energy (NYSE:SWN), Buckeye Partners L.P. (NYSE:BPL) and Kinder Morgan Energy Partners (NYSE:KMP) closed mixed on the uncertainty following the death of Osama bin Laden.
Crude futures settled lower Monday after the death of Osama bin Laden stirred up oil markets, as traders attempted to measure the impact of the event on the stability in the Middle East.
Light, sweet crude for June delivery settled 41 cents, or 0.4%, lower at $113.52 a barrel on the New York Mercantile Exchange, in a volatile session that saw both two-and-a-half year highs near $115 a barrel and a decline to $110.82 a barrel.
Brent crude on the ICE futures exchange closed 77 cents lower at $125.12 a barrel.
Front-month June reformulated gasoline blendstock, or RBOB, settled 5.05 cents, or 1.5 percent down at $3.3479 a gallon. June heating oil settled 2.37 cents, or 0.7 percent lower at $3.2521 a gallon.
Kinder Morgan Energy Partners closed Monday at $75.84, losing $1.48, or 1.91 percent.
Crude futures settled lower Monday after the death of Osama bin Laden stirred up oil markets, as traders attempted to measure the impact of the event on the stability in the Middle East.
Light, sweet crude for June delivery settled 41 cents, or 0.4%, lower at $113.52 a barrel on the New York Mercantile Exchange, in a volatile session that saw both two-and-a-half year highs near $115 a barrel and a decline to $110.82 a barrel.
Brent crude on the ICE futures exchange closed 77 cents lower at $125.12 a barrel.
Front-month June reformulated gasoline blendstock, or RBOB, settled 5.05 cents, or 1.5 percent down at $3.3479 a gallon. June heating oil settled 2.37 cents, or 0.7 percent lower at $3.2521 a gallon.
Kinder Morgan Energy Partners closed Monday at $75.84, losing $1.48, or 1.91 percent.
Monday, May 2, 2011
Price Targets on (SWN) (TWC) (VFC) (VRX) Raised by Analysts
Southwestern Energy (NYSE: SWN), Time Warner Cable (NYSE: TWC), V.F. Co. (NYSE: VFC) and Valeant Pharmaceuticals (NYSE: VRX) get price targets raised today by analysts.
Global Hunter Securities raised their price target on Southwestern Energy (SWN) from $33.00 to $37.00. They have a “reduce” rating on the company.
Wunderlich raised their price target on shares of Time Warner Cable (TWC) to $80.00.
Goldman Sachs (NYSE:GS) raised their price target on V.F. Co. (VFC) from $90.00 to $95.00. They have a “neutral” rating on the company.
Piper Jaffray (NYSE:PJF) raised their price target on Valeant Pharmaceuticals (VRX) from $46.00 to $62.00.
Global Hunter Securities raised their price target on Southwestern Energy (SWN) from $33.00 to $37.00. They have a “reduce” rating on the company.
Wunderlich raised their price target on shares of Time Warner Cable (TWC) to $80.00.
Goldman Sachs (NYSE:GS) raised their price target on V.F. Co. (VFC) from $90.00 to $95.00. They have a “neutral” rating on the company.
Piper Jaffray (NYSE:PJF) raised their price target on Valeant Pharmaceuticals (VRX) from $46.00 to $62.00.
EPS Est. on (MRK) (NEE) (SWN) Raised
Merck & Co Inc (NYSE: MRK), NextEra Energy, Inc. (NYSE: NEE) and Southwestern Energy (NYSE: SWN) get EPS estimates raised today.
UBS AG (NYSE:UBS) raised their EPS estimate on Merck & Co Inc (MRK). They have a “buy” rating and a price target of $40.00 on the company.
Wunderlich raised their EPS estimate on NextEra Energy, Inc. (NEE). They have a “buy” rating on the company.
Goldman Sachs (NYSE:GS) raised their EPS estimate on Southwestern Energy (SWN). They have a “neutral” rating and a price target of $46.00 on the company.
UBS AG (NYSE:UBS) raised their EPS estimate on Merck & Co Inc (MRK). They have a “buy” rating and a price target of $40.00 on the company.
Wunderlich raised their EPS estimate on NextEra Energy, Inc. (NEE). They have a “buy” rating on the company.
Goldman Sachs (NYSE:GS) raised their EPS estimate on Southwestern Energy (SWN). They have a “neutral” rating and a price target of $46.00 on the company.
Exxon (XOM) (HK) (CRK) (SWN) (FTK) Trade Up on Gas, Oil Price Jumps
Petrohawk Energy Corp. (NYSE:HK), Comstock Resources (NYSE:CRK), Southwestern Energy (NYSE:SWN), Flotek Industries, Inc. (NYSE:FTK) and Exxon Mobil (NYSE:XOM) close up Friday as oil and gasoline prices jump again.
Nymex light, sweet crude oil for June delivery rose $1.07 a barrel, to $113.93 a barrel. That's the highest close in two-a-half-years.
On Nymex, reformulated gasoline blendstock futures for May delivery expired at $3.4648 a gallon, up 3.5 cents Friday. That is the highest level since July 14, 2008. Prices have soared 23.17 cents, or 7.2 percent, over the past week.
AAA Daily Fuel Gauge Report said the nationwide average price of regular gasoline was $3.909 a gallon Friday, up 6.1 cents from last week.
May heating oil expired at $3.2558 a gallon, up 2.42 cents, and the highest since April 8.
Tightening inventory and higher gasoline prices continue to push oil prices up. Another major factor, as it is with most commodities, is the ongoing collapse of the U.S. dollar. That will continue based on Federal Reserve chairman Ben Bernanke's comments he's not going to raise interest rates.
Exxon closed Friday at $87.98, up $0.64, or 0.73 percent.
Nymex light, sweet crude oil for June delivery rose $1.07 a barrel, to $113.93 a barrel. That's the highest close in two-a-half-years.
On Nymex, reformulated gasoline blendstock futures for May delivery expired at $3.4648 a gallon, up 3.5 cents Friday. That is the highest level since July 14, 2008. Prices have soared 23.17 cents, or 7.2 percent, over the past week.
AAA Daily Fuel Gauge Report said the nationwide average price of regular gasoline was $3.909 a gallon Friday, up 6.1 cents from last week.
May heating oil expired at $3.2558 a gallon, up 2.42 cents, and the highest since April 8.
Tightening inventory and higher gasoline prices continue to push oil prices up. Another major factor, as it is with most commodities, is the ongoing collapse of the U.S. dollar. That will continue based on Federal Reserve chairman Ben Bernanke's comments he's not going to raise interest rates.
Exxon closed Friday at $87.98, up $0.64, or 0.73 percent.
Friday, April 29, 2011
Bolt (BOLT) (SWN) (EPD) (LINE) Close Up as Oil, Gas Rise
Southwestern Energy (NYSE:SWN), Enterprise Products Partners (NYSE:EPD), Linn Energy, LLC (NASDAQ:LINE) and Bolt Technology Corp. (NASDAQ:BOLT) closed up as oil, gasoline and natural gas moved up in price Thursday.
Oil settled higher in volatile trading Thursday, pushed up by a collapsing U.S. dollar. After soaring to close to $114 a barrel, West Texas Intermediate crude settled up 10 cents, at $112.86, in futures trading in New York.
Brent North Sea crude oil fell 11 cents to settle at $125.02 a barrel on the Ice Futures exchange.
In futures trading on the New York Mercantile Exchange, natural gas climbed 15.7 cents to settle at $4.63 per million British thermal units.
Gasoline for May delivery jumped 1.04 cents, or 0.3 percent, to $3.4298 a gallon, the highest settlement since July 14, 2008. Futures have risen 47 percent in the past year.
The Dollar Index fell to the lowest level since July 31, 2008. The index was down 0.5 percent to 73.139, its eighth straight daily decline.
Oil settled higher in volatile trading Thursday, pushed up by a collapsing U.S. dollar. After soaring to close to $114 a barrel, West Texas Intermediate crude settled up 10 cents, at $112.86, in futures trading in New York.
Brent North Sea crude oil fell 11 cents to settle at $125.02 a barrel on the Ice Futures exchange.
In futures trading on the New York Mercantile Exchange, natural gas climbed 15.7 cents to settle at $4.63 per million British thermal units.
Gasoline for May delivery jumped 1.04 cents, or 0.3 percent, to $3.4298 a gallon, the highest settlement since July 14, 2008. Futures have risen 47 percent in the past year.
The Dollar Index fell to the lowest level since July 31, 2008. The index was down 0.5 percent to 73.139, its eighth straight daily decline.
Wednesday, April 27, 2011
Marathon (MRO) (SWN) (HNR) (NOG) Close Mixed as Oil Settles at $112.21
Southwestern Energy (NYSE:SWN), Harvest Natural Resources (NYSE:HNR), Northern Oil and Gas (Amex:NOG) and Marathon Oil (NYSE:MRO) closed mixed Tuesday as oil for June delivery fell below the $112.21 it settled at, as the American Petroleum Institute reported at 4:30 PM EDT that U.S. crude-oil stockpiles soared 4.91 million barrels to 361 million. Apache was the only company of the four trading in the black Tuesday.
Oil for June delivery settled at $112.21 a barrel on the New York Mercantile Exchange. Oil has risen 33 percent in the past year.
Prices dropped from the settlement after the American Petroleum Institute reported at 4:30 p.m. that U.S. crude-oil stockpiles soared 4.91 million barrels to 361 million. June oil was down 49 cents, or 0.4 percent, to $111.79 a barrel in electronic trading at 4:32 PM EDT.
Brent crude for June settlement on the London-based ICE Futures Europe exchange jumped 48 cents, or 0.4 percent, to $124.14 a barrel.
The dollar fell for a sixth day against the euro, equaling the longest losing streak since May 2009. Expectations are the Federal Reserve will continue to keep measures in to allegedly support the U.S. economy.
Gasoline rose more than 53 cents a gallon from January to March as unrest in Libya threatened its oil fields and helped push oil from $91 to $107 a barrel. The national average for gasoline is closing in on $3.90 a gallon. Diesel is at about $4.14.
Oil averaged $94.64 a barrel between January and March, compared with $78.89 in the same period last year.
Natural gas prices remain low compared with three years ago. It's currently trading at $4.38 per 1,000 cubic feet. In April 2008, natural gas contracts garnered over twice that.
Oil for June delivery settled at $112.21 a barrel on the New York Mercantile Exchange. Oil has risen 33 percent in the past year.
Prices dropped from the settlement after the American Petroleum Institute reported at 4:30 p.m. that U.S. crude-oil stockpiles soared 4.91 million barrels to 361 million. June oil was down 49 cents, or 0.4 percent, to $111.79 a barrel in electronic trading at 4:32 PM EDT.
Brent crude for June settlement on the London-based ICE Futures Europe exchange jumped 48 cents, or 0.4 percent, to $124.14 a barrel.
The dollar fell for a sixth day against the euro, equaling the longest losing streak since May 2009. Expectations are the Federal Reserve will continue to keep measures in to allegedly support the U.S. economy.
Gasoline rose more than 53 cents a gallon from January to March as unrest in Libya threatened its oil fields and helped push oil from $91 to $107 a barrel. The national average for gasoline is closing in on $3.90 a gallon. Diesel is at about $4.14.
Oil averaged $94.64 a barrel between January and March, compared with $78.89 in the same period last year.
Natural gas prices remain low compared with three years ago. It's currently trading at $4.38 per 1,000 cubic feet. In April 2008, natural gas contracts garnered over twice that.
Tuesday, April 26, 2011
Anadarko (APC) (PETD) (SWN) (EPD) Close Mixed as Oil Prices Pull Back
Oil prices will probably keep climbing toward the highs of 2008 as growing demand isn't matched by additional supplies and the price jump has been slow to cut into consumption, as PDC Energy (NASDAQ::PETD), Southwestern Energy (NYSE:SWN), Enterprise Products Partners (NYSE:EPD) and Anadarko (NYSE:APC) closed mixed Monday, April 25.
The front-month Brent crude-oil futures contract, the London benchmark, pulled back from a 2½-year high of $127 a barrel on April 11, amid concerns that soaring prices are hurting demand. It settled at $123.66 a barrel on Monday, up 5.4 percent so far in April. The front-month June contract on the New York Mercantile Exchange pulled back one cent to $112.28, still up 5.2 percent this month and 23 percent in 2011.
Benchmark crude for June delivery dropped a penny to settle at $112.28 a barrel on the New York Mercantile Exchange. In London, Brent crude fell 33 cents to settle at $123.66 a barrel on the ICE Futures exchange.
In other Nymex trading, heating oil was down 1.73 cents to settle at $3.1989 a gallon and gasoline futures increased a little less than a penny to settle at $3.2785 a gallon. Natural gas dropped 2.3 cents to $4.389 per 1,000 cubic feet.
The front-month Brent crude-oil futures contract, the London benchmark, pulled back from a 2½-year high of $127 a barrel on April 11, amid concerns that soaring prices are hurting demand. It settled at $123.66 a barrel on Monday, up 5.4 percent so far in April. The front-month June contract on the New York Mercantile Exchange pulled back one cent to $112.28, still up 5.2 percent this month and 23 percent in 2011.
Benchmark crude for June delivery dropped a penny to settle at $112.28 a barrel on the New York Mercantile Exchange. In London, Brent crude fell 33 cents to settle at $123.66 a barrel on the ICE Futures exchange.
In other Nymex trading, heating oil was down 1.73 cents to settle at $3.1989 a gallon and gasoline futures increased a little less than a penny to settle at $3.2785 a gallon. Natural gas dropped 2.3 cents to $4.389 per 1,000 cubic feet.
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