Apache (NYSE: APA), St. Jude Medical, Inc. (NYSE: STJ), Teradata Co. (NYSE: TDC), Visa Inc. (NYSE: V), American Community Properties Trust (NYSE: APO) and Apollo Group, Inc. (NASDAQ: APOL) had price targets on them adjusted by analysts.
St. Jude Medical, Inc. (STJ) had its price target lowered by Barclays Capital (NYSE:BCS) from $51.00 to $48.00. They have an “Overweight” rating on the company.
Teradata Co. (TDC) had its price target lowered by UBS AG (NYSE:UBS) from $62.00 to $54.00. They have a “Neutral” rating on the company.
Visa Inc. (V) had its price target raised by Guggenheim to $108.00. They have a “Neutral” rating on the company.
Apache (APA) had its price target lowered by Oppenheimer to $120.00.
American Community Properties Trust (APO) had its price target
lowered by Barclays Capital from $24.00 to $21.00. They have an “Overweight” rating on the company.
Apollo Group, Inc. (APOL) had its price target raised by Citigroup (NYSE:C) to $58.00.
Showing posts with label Apache Corp. Show all posts
Showing posts with label Apache Corp. Show all posts
Monday, January 9, 2012
Tuesday, December 13, 2011
Venoco (VQ) (WAC) (WCN) (ADTN) (APA) (APC) Ratings, Price Targets
Venoco, Inc. (VQ), Walter Investment Management Corp. (WAC), Waste Connections, Inc. (WCN), ADTRAN, Inc. (ADTN), Apache (APA) and Anadarko Petroleum (APC) ratings and price targets.
Jefferies (NYSE:JEF) reiterated its “Hold” rating on Venoco, Inc. (VQ). They have a price target of $10.00 on the company.
Credit Suisse (NYSE:CS) upgraded Walter Investment Management Corp. (WAC) from a “Neutral” rating to an “Outperform” rating. They have a price target of $28.00 on the company.
Wunderlich reiterated its “Buy” rating on Waste Connections, Inc.
(WCN). They have a price target of $40.00 on the company.
Raymond James (NYSE:RJF) downgraded ADTRAN, Inc. (ADTN) from a “Buy” rating to a “Market Perform” rating.
Robert W. Baird initiated coverage on Apache (APA). They placed an “Outperform” rating and a price target of $129.00 on the company.
Robert W. Baird initiated coverage on Anadarko Petroleum (APC). They placed a “Neutral” rating and a price target of $85.00 on the company.
Jefferies (NYSE:JEF) reiterated its “Hold” rating on Venoco, Inc. (VQ). They have a price target of $10.00 on the company.
Credit Suisse (NYSE:CS) upgraded Walter Investment Management Corp. (WAC) from a “Neutral” rating to an “Outperform” rating. They have a price target of $28.00 on the company.
Wunderlich reiterated its “Buy” rating on Waste Connections, Inc.
(WCN). They have a price target of $40.00 on the company.
Raymond James (NYSE:RJF) downgraded ADTRAN, Inc. (ADTN) from a “Buy” rating to a “Market Perform” rating.
Robert W. Baird initiated coverage on Apache (APA). They placed an “Outperform” rating and a price target of $129.00 on the company.
Robert W. Baird initiated coverage on Anadarko Petroleum (APC). They placed a “Neutral” rating and a price target of $85.00 on the company.
Tuesday, September 6, 2011
BHP (BHP) (DVN) (CLF) (APA) (EGN) Pressured Down Today
BHP (NYSE:BHP), Devon (NYSE:DVN), Cliffs Natural Resources (NYSE:CLF), Apache (NYSE:APA) and Energen (NYSE:EGN) were pressured down today, along with the broader market, as concerns over whether the European Union can even survive in the midst of the seemingly endless sovereign debt crisis in the region, as socialistic practices prove to be unsustainable and countries like Greece refusing to take practical steps to cut spending, even though they assert they do.
In Italy, it appears there could be mass protests as the country is forced to implement austerity measures as well, as the progressive, socialist disaster continues to unfold.
In America, Obama is slowly being forced to cut back on his socialist agenda as well, although he did get his debt ceiling raised, as Democrats and Republicans caved, even in light of the European crisis, which should be teaching anyone with a brain that you can't continue to spend.
This is of course not being acknowledged because big government, in general, and its promises of taking care of its people from cradle to grave would be found to be a lie, and actions would have to be taken to stop similar protests as are growing in number and magnitude in Europe.
Commodities and commodity stocks have been weakened by the announcement from the Swiss National Bank that it'll fight to weaken the franc against the euro very aggressively.
In Italy, it appears there could be mass protests as the country is forced to implement austerity measures as well, as the progressive, socialist disaster continues to unfold.
In America, Obama is slowly being forced to cut back on his socialist agenda as well, although he did get his debt ceiling raised, as Democrats and Republicans caved, even in light of the European crisis, which should be teaching anyone with a brain that you can't continue to spend.
This is of course not being acknowledged because big government, in general, and its promises of taking care of its people from cradle to grave would be found to be a lie, and actions would have to be taken to stop similar protests as are growing in number and magnitude in Europe.
Commodities and commodity stocks have been weakened by the announcement from the Swiss National Bank that it'll fight to weaken the franc against the euro very aggressively.
Saturday, May 21, 2011
Price Targets (BMY) (A) (AMRN) (APA) (AVP) Weekly Recap
Price targets on shares of Bristol Myers Squibb Co. (NYSE: BMY), Agilent Technologies Inc. (NYSE: A), Amarin Co. plc (NASDAQ: AMRN), Apache (NYSE: APA) and Avon Products, Inc. (NYSE: AVP)upgraded by analysts during the last week.
Bank of America (NYSE:BAC) raised their price target on Bristol Myers Squibb Co. (BMY) to $29.00. They have a “neutral” rating on the company.
JPMorgan Chase & Co. (NYSE:JPM) raised their price target on Agilent Technologies Inc. (A) from $53.00 to $59.00. They have an “overweight” rating on the company.
Jefferies (NYSE:JEF) raised their price target on Amarin Co. plc (AMRN) from $21.00 to $25.00. They have a “buy” rating on the company.
Morgan Stanley (NYSE:MS) raised their price target on Apache (APA) from $145.00 to $150.00. They have an “overweight” rating on the company.
Jefferies raised their price target on Avon Products, Inc. (AVP) from $36.00 to $37.00. They have a “buy” rating on the company.
Bank of America (NYSE:BAC) raised their price target on Bristol Myers Squibb Co. (BMY) to $29.00. They have a “neutral” rating on the company.
JPMorgan Chase & Co. (NYSE:JPM) raised their price target on Agilent Technologies Inc. (A) from $53.00 to $59.00. They have an “overweight” rating on the company.
Jefferies (NYSE:JEF) raised their price target on Amarin Co. plc (AMRN) from $21.00 to $25.00. They have a “buy” rating on the company.
Morgan Stanley (NYSE:MS) raised their price target on Apache (APA) from $145.00 to $150.00. They have an “overweight” rating on the company.
Jefferies raised their price target on Avon Products, Inc. (AVP) from $36.00 to $37.00. They have a “buy” rating on the company.
Friday, May 20, 2011
Petrobras (PBR) (LINE) (GST) (EGY) (APA) Trading Mixed
Shares of Petrobras (NYSE:PBR), Linn Energy, LLC (NASDAQ:LINE), Gastar Exploration Ltd (AMEX:GST), Vaalco Energy (NYSE:EGY) and Apache Corp (NYSE:APA) were trading mixed today as oil prices were trading down in the session.
Crude-oil futures were trading down $0.79 to $97.65 a barrel on the New York Mercantile Exchange.
U. S. crude oil prices also gained some back from earlier losses spurred by comments from the German Bundesbank, which said growth in Europe's largest economy will probably slow down.
Shares of oil companies like BP (NYSE:BP), Anadarko (NYSE:APC), Transocean and Cameron International (NYSE:CAM), all of which were connected to the Gulf oil spill, were all trading up on news of the settlement between BP and Macondo Well partner Mitsui (OTC:MITSY) to help pay for cleanup costs.
Apache Corp (APA) was trading at $123.21, gaining $0.36, or 2:17 percent, as of 2:10 PM EDT. Vaalco Energy (EGY) was at $6.92, down $0.01, or 0.15 percent. Gastar Exploration Ltd (GST) was trading at $3.55, up $0.09, or 2.60 percent. Linn Energy, LLC (LINE) was at $38.53, gaining $0.18, or 0.47 percent. Petrobras (PBR) was trading at $34.03, jumping $0.34, or 2:21 percent.
Crude-oil futures were trading down $0.79 to $97.65 a barrel on the New York Mercantile Exchange.
U. S. crude oil prices also gained some back from earlier losses spurred by comments from the German Bundesbank, which said growth in Europe's largest economy will probably slow down.
Shares of oil companies like BP (NYSE:BP), Anadarko (NYSE:APC), Transocean and Cameron International (NYSE:CAM), all of which were connected to the Gulf oil spill, were all trading up on news of the settlement between BP and Macondo Well partner Mitsui (OTC:MITSY) to help pay for cleanup costs.
Apache Corp (APA) was trading at $123.21, gaining $0.36, or 2:17 percent, as of 2:10 PM EDT. Vaalco Energy (EGY) was at $6.92, down $0.01, or 0.15 percent. Gastar Exploration Ltd (GST) was trading at $3.55, up $0.09, or 2.60 percent. Linn Energy, LLC (LINE) was at $38.53, gaining $0.18, or 0.47 percent. Petrobras (PBR) was trading at $34.03, jumping $0.34, or 2:21 percent.
Whiting (WLL) (CLR) (KMP) (GST) (APA) Trade Mixed as Energy Falls
Shares of Whiting Petroleum (NYSE:WLL), Continental Resources (NYSE:CLR), Kinder Morgan Energy Partners (NYSE:KMP), Gastar Exploration Ltd (AMEX:GST) and Apache Corp (NYSE:APA) on Thursday as oil and gas were down on the day.
Benchmark crude for June delivery fell $1.63 to settle at $98.93 per barrel on the New York Mercantile Exchange.
Brent crude oil for July delivery was down 23 cents, or 0.2 percent, to $112.07.
June, heating oil fell 1.12 cents to settle at $2.8947 a gallon, gasoline dropped 2.95 cents to $2.926 a gallon and natural gas fell 10.5 cents to $4.161 per 1,000 cubic feet.
Kinder Morgan Energy Partners (KMP) closed Thursday at $73.21, gaining $0.89, or 1.23 percent.
Benchmark crude for June delivery fell $1.63 to settle at $98.93 per barrel on the New York Mercantile Exchange.
Brent crude oil for July delivery was down 23 cents, or 0.2 percent, to $112.07.
June, heating oil fell 1.12 cents to settle at $2.8947 a gallon, gasoline dropped 2.95 cents to $2.926 a gallon and natural gas fell 10.5 cents to $4.161 per 1,000 cubic feet.
Kinder Morgan Energy Partners (KMP) closed Thursday at $73.21, gaining $0.89, or 1.23 percent.
Thursday, May 19, 2011
Dividends on (ACE) (ANF) (APA) (ASH) (BDC) Declared
ACE Limited (NYSE:ACE), Abercrombie & Fitch Co. (NYSE:ANF), Apache Corp. (NYSE:APA), Ashland Inc. (NYSE:ASH) and Belden Inc. (NYSE:BDC) declare dividends.
The Board of Directors of ACE Limited (ACE) declared a quarterly common stock dividend of $0.35 per share payable 7/21/11 to shareholders of record at the close of business on 6/30/11.
The Board of Directors of Abercrombie & Fitch Co. (ANF) declared a quarterly common stock dividend of $0.175 per share payable 6/14/11 to shareholders of record at the close of business on 5/27/11.
The Board of Directors of Apache Corp. (APA) declared a quarterly common stock dividend of $0.15 per share payable 8/22/11 to shareholders of record at the close of business on 7/22/11.
The Board of Directors of Ashland Inc. (ASH) declared a quarterly common stock dividend of $0.175 per share payable 6/15/11 to shareholders of record at the close of business on 6/2/11.
The Board of Directors of Belden Inc. (BDC) declared a quarterly common stock dividend of $0.05 per share payable 7/6/11 to shareholders of record at the close of business on 6/2/11.
The Board of Directors of ACE Limited (ACE) declared a quarterly common stock dividend of $0.35 per share payable 7/21/11 to shareholders of record at the close of business on 6/30/11.
The Board of Directors of Abercrombie & Fitch Co. (ANF) declared a quarterly common stock dividend of $0.175 per share payable 6/14/11 to shareholders of record at the close of business on 5/27/11.
The Board of Directors of Apache Corp. (APA) declared a quarterly common stock dividend of $0.15 per share payable 8/22/11 to shareholders of record at the close of business on 7/22/11.
The Board of Directors of Ashland Inc. (ASH) declared a quarterly common stock dividend of $0.175 per share payable 6/15/11 to shareholders of record at the close of business on 6/2/11.
The Board of Directors of Belden Inc. (BDC) declared a quarterly common stock dividend of $0.05 per share payable 7/6/11 to shareholders of record at the close of business on 6/2/11.
Tuesday, May 17, 2011
Apache (APA) Trades Down as Oil Prices Drop
Apache Corp (NYSE:APA) was under pressure as oil as gas prices fell Wednesday, dragging the majority of energy companies down as well.
Brent crude settled down $5.06 at $112.57 a barrel, while U.S. crude futures dropped $5.67 to settle at $98.21.
Natural gas for June delivery settled 6.5 cents, or 1.5%, lower, at $4.181 per million British thermal units on the New York Mercantile Exchange.
The U.S. Oil Fund (USO) dropped 4.2 percent to closed at $39.35, the Energy Select Sector SPDR Fund (XLE) was down 2.9 percent to close at $74.28, and the U.S. gasoline fund LP (UGA) plunged 6.4 percent to close at $51.44.
Apache Corporation participates in the exploration, development, and production of natural gas, crude oil, and natural gas liquids.
Apache Corp (APA) closed Wednesday at $123.42, down $4.53, or 3.54 percent.
Brent crude settled down $5.06 at $112.57 a barrel, while U.S. crude futures dropped $5.67 to settle at $98.21.
Natural gas for June delivery settled 6.5 cents, or 1.5%, lower, at $4.181 per million British thermal units on the New York Mercantile Exchange.
The U.S. Oil Fund (USO) dropped 4.2 percent to closed at $39.35, the Energy Select Sector SPDR Fund (XLE) was down 2.9 percent to close at $74.28, and the U.S. gasoline fund LP (UGA) plunged 6.4 percent to close at $51.44.
Apache Corporation participates in the exploration, development, and production of natural gas, crude oil, and natural gas liquids.
Apache Corp (APA) closed Wednesday at $123.42, down $4.53, or 3.54 percent.
Shares of (APC) (APA) (CAM) (MRO) (RDS-A) Trade Down as Oil Continues to Fall
The share prices of Anadarko (NYSE:APC), Shell (NYSE:RDS-A), Apache Corp (NYSE:APA), Cameron International (NYSE:CAM) and Marathon Oil (NYSE:MRO) traded down Monday as the falling price of oil and gas weigh on the companies.
U.S. crude futures fell 2.3 percent and gasoline futures dropped 5 percent to hit a nine-week low as worries mounted about high prices squelching energy demand and the fragile economy weigh on the industry.
Crude futures have fallen close to 15 percent so far on the month.
Oil futures were down 2.3 percent to $97.37 a barrel in New York. June Brent fell to $112.87, down 1 percent for Monday.
Gasoline futures for June delivery declined 14 cents, or 5.01 percent, to end the session at $2.93 a gallon, the lowest close since March 16.
U.S. gasoline at the retail level fell to $3.955 Monday from $3.961 Sunday. Diesel prices dropped $4.123 from $4.127.
June natural gas closed up 7 cents, or 1.7 percent, at $4.32 per million British thermal units. Natural gas prices were up on concerns flooding in Louisiana may cut back on supply.
Heating oil futures were down Monday, with the June heating oil contract closing at $2.87 a gallon, down 7 cents, or 2.3 percent.
U.S. crude futures fell 2.3 percent and gasoline futures dropped 5 percent to hit a nine-week low as worries mounted about high prices squelching energy demand and the fragile economy weigh on the industry.
Crude futures have fallen close to 15 percent so far on the month.
Oil futures were down 2.3 percent to $97.37 a barrel in New York. June Brent fell to $112.87, down 1 percent for Monday.
Gasoline futures for June delivery declined 14 cents, or 5.01 percent, to end the session at $2.93 a gallon, the lowest close since March 16.
U.S. gasoline at the retail level fell to $3.955 Monday from $3.961 Sunday. Diesel prices dropped $4.123 from $4.127.
June natural gas closed up 7 cents, or 1.7 percent, at $4.32 per million British thermal units. Natural gas prices were up on concerns flooding in Louisiana may cut back on supply.
Heating oil futures were down Monday, with the June heating oil contract closing at $2.87 a gallon, down 7 cents, or 2.3 percent.
Monday, May 16, 2011
Price Targets on (AMRN) (A) (APA) (AVP) (BMY) Updated
Price targets on Amarin Co. plc (NASDAQ: AMRN), Agilent Technologies Inc. (NYSE: A), Apache (NYSE: APA), Avon Products, Inc. (NYSE: AVP) and Bristol Myers Squibb Co. (NYSE: BMY) were updated by analysts.
Jefferies (NYSE:JEF) raised their price target on Amarin Co. plc (AMRN) from $21.00 to $25.00. They have a “buy” rating on the company.
JPMorgan Chase & Co. (NYSE:JPM) raised their price target on Agilent Technologies Inc. (A) from $53.00 to $59.00. They have an “overweight” rating on the company.
Morgan Stanley (NYSE:MS) raised their price target on Apache (APA) from $145.00 to $150.00. They have an “overweight” rating on the company.
Jefferies raised their price target on Avon Products, Inc. (AVP) from $36.00 to $37.00. They have a “buy” rating on the company.
Bank of America (NYSE:BAC) raised their price target on Bristol Myers Squibb Co. (BMY) to $29.00. They have a “neutral” rating on the company.
Jefferies (NYSE:JEF) raised their price target on Amarin Co. plc (AMRN) from $21.00 to $25.00. They have a “buy” rating on the company.
JPMorgan Chase & Co. (NYSE:JPM) raised their price target on Agilent Technologies Inc. (A) from $53.00 to $59.00. They have an “overweight” rating on the company.
Morgan Stanley (NYSE:MS) raised their price target on Apache (APA) from $145.00 to $150.00. They have an “overweight” rating on the company.
Jefferies raised their price target on Avon Products, Inc. (AVP) from $36.00 to $37.00. They have a “buy” rating on the company.
Bank of America (NYSE:BAC) raised their price target on Bristol Myers Squibb Co. (BMY) to $29.00. They have a “neutral” rating on the company.
Petrohawk (HK) (TAT) (LUFK) (TSO) (APA) Trade Mixed as Oil Prices Rebounded
Shares of Petrohawk Energy Corp. (NYSE:HK), TransAtlantic Petroleum (AMEX:TAT), Lufkin Industries, Inc. (NASDAQ:LUFK), Tesoro Corporation (NYSE:TSO) and Apache Corp (NYSE:APA) traded mixed even as oil 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.
Petrohawk Energy Corp. (NYSE:HK) closed Friday at $24.33, falling $0.07, or 0.29 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.
Petrohawk Energy Corp. (NYSE:HK) closed Friday at $24.33, falling $0.07, or 0.29 percent.
Wednesday, May 11, 2011
Apache (NYSE:APA) Trades Positive as Oil, Gas Rise
Crude oil, natural gas and gasoline prices jumped Tuesday, pushing up the share price of Apache Corporation (APA).
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.
Apache Corporation participates in the exploration, development, and production of natural gas, crude oil, and natural gas liquids.
Apache closed at $127.95, gaining $0.62, or 0.49 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.
Apache Corporation participates in the exploration, development, and production of natural gas, crude oil, and natural gas liquids.
Apache closed at $127.95, gaining $0.62, or 0.49 percent.
Tuesday, May 10, 2011
Marathon (MRO) (CHK) (VQ) (DRQ) (APA) Trade Up as Oil Prices Rebound
Most oil and related companies performed strong Monday, as Marathon Oil (NYSE:MRO), Chesapeake Energy Corp. (NYSE:CHK). Venoco Inc. (NYSE:VQ), Dril-Quip, Inc. (NYSE:DRQ) and Apache Corp (NYSE:APA) 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.
Marathon Oil (MRO) closed Monday at $52.19, climbing $2.62, or 5.29 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.
Marathon Oil (MRO) closed Monday at $52.19, climbing $2.62, or 5.29 percent.
Monday, May 9, 2011
Biggest Winners (FMC) (LO) (ASH) (HLF) (APA) on May 6
Among the winners on Friday, May 6, as measured by share price increases, were FMC Corp. (FMC), Lorillard Inc (LO), Ashland Inc. (ASH), Herbalife Ltd (HLF) and Apache Corp. (APA).
FMC Corp. (FMC) was up $1.40, to close at $84.71, a gain of 1.68 percent.
Lorillard Inc (LO) jumped $1.38 on the day to close at $108.62, an increase of 1.29 percent.
Ashland Inc. (ASH) rose $1.38 to close at $62.13, a boost of 2.27 percent.
Herbalife Ltd (HLF) soared $1.37 to close the session at $104.84, a gain of 1.32 percent.
Apache Corp. (APA) surged $1.37 to end the day at $124.21, climbing 1.12 percent.
FMC Corp. (FMC) was up $1.40, to close at $84.71, a gain of 1.68 percent.
Lorillard Inc (LO) jumped $1.38 on the day to close at $108.62, an increase of 1.29 percent.
Ashland Inc. (ASH) rose $1.38 to close at $62.13, a boost of 2.27 percent.
Herbalife Ltd (HLF) soared $1.37 to close the session at $104.84, a gain of 1.32 percent.
Apache Corp. (APA) surged $1.37 to end the day at $124.21, climbing 1.12 percent.
Shares of (LUFK) (CRZO) (SLB) (APA) (BP) 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 Lufkin Industries, Inc. (NASDAQ:LUFK), Carrizo Oil & Gas (NASDAQ:CRZO), Schlumberger (NYSE:SLB), Apache Corp (NYSE:APA) and BP (NYSE:BP), 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.
Apache Corp (APA) closed Friday at $124.21, gaining $1.37, or 1.12 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.
Apache Corp (APA) closed Friday at $124.21, gaining $1.37, or 1.12 percent.
Friday, May 6, 2011
Petrohawk (HK) (EPD) (BPL) (PQ) (APA) Pressured as Oil Falls
Oil and oil-related companies Petrohawk Energy Corp. (NYSE:HK), Enterprise Products Partners (NYSE:EPD), Buckeye Partners L.P. (NYSE:BPL), PetroQuest Energy (NYSE:PQ) and Apache Corp (NYSE:APA) 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.
PetroQuest Energy (PQ) closed Thursday at $7.74, down $0.27, or 3.37 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.
PetroQuest Energy (PQ) closed Thursday at $7.74, down $0.27, or 3.37 percent.
Thursday, May 5, 2011
Venoco (VQ) (NOG) (CPE) (GEOI) (APA) Trade Down on Slowing Oil Demand
Oil companies and other industry-related companies Venoco Inc. (NYSE:VQ), Northern Oil and Gas (Amex:NOG), Callon Petroleum (NYSE:CPE), GeoResources (NASDAQ:GEOI) and Apache Corp (NYSE:APA) 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.
Northern Oil and Gas (NOG) closed Wednesday at $20.65, falling $1.60, or 7.19 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.
Northern Oil and Gas (NOG) closed Wednesday at $20.65, falling $1.60, or 7.19 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 (ACI) (ADP) (AOL) (APA) (AOSL) Updated
Price targets on Arch Coal, Inc. (NYSE: ACI), Automatic Data Processing Incorporated (NYSE: ADP), AOL (NYSE: AOL), Apache (NYSE: APA) and Alpha and Omega Semi (NASDAQ: AOSL) were updated today by analysts.
FBR Capital cut their price target on Arch Coal, Inc. (ACI) from $50.00 to $46.00. They have an “outperform” rating on the company.
RBC Capital raised their price target on Automatic Data Processing Incorporated (ADP) from $52.00 to $60.00. They have an “outperform” rating on the company.
Oppenheimer raised their price target on Apache (APA) from $130.00 to $150.00. They have an “outperform” rating on the company.
Citigroup (NYSE:C) cut their price target on AOL (AOL) from $28.00 to $23.00. They have a “hold” rating on the company.
Stifel Nicolaus raised their price target on Alpha and Omega Semi (AOSL) from $18.00 to $20.00. They have a “buy” rating on the company.
FBR Capital cut their price target on Arch Coal, Inc. (ACI) from $50.00 to $46.00. They have an “outperform” rating on the company.
RBC Capital raised their price target on Automatic Data Processing Incorporated (ADP) from $52.00 to $60.00. They have an “outperform” rating on the company.
Oppenheimer raised their price target on Apache (APA) from $130.00 to $150.00. They have an “outperform” rating on the company.
Citigroup (NYSE:C) cut their price target on AOL (AOL) from $28.00 to $23.00. They have a “hold” rating on the company.
Stifel Nicolaus raised their price target on Alpha and Omega Semi (AOSL) from $18.00 to $20.00. They have a “buy” rating on the company.
Lufkin (LUFK) (NOG) (STR) (APA) (APC) Trade Mixed on Volatile Energy Day
On a volatile day for oil prices, shares of Lufkin Industries, Inc. (NASDAQ:LUFK), Northern Oil and Gas (Amex:NOG), Questar Corporation (NYSE:STR), Apache Corp (NYSE:APA) and Anadarko (NYSE:APC) 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.
Anadarko closed Monday at $80.35, gaining $1.41, or 1.79 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.
Anadarko closed Monday at $80.35, gaining $1.41, or 1.79 percent.
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