Stocks finished ever so slightly lower today as the election looms, the Federal Reserve geared up for its November meeting beginning tomorrow, and earning season continued apace.
Getty ImagesThe S&P 500 declined 0.01% to
2,126.15 today, while the Dow Jones Industrial Average declined 18.77 points, or 0.1%, to 18,142.42. The Nasdaq Composite finished off 0.02% at 5,189.13.
If it was just earnings, we probably wouldn’t be stuck in this rut. Deutsche Bank’s David Bianco and team, for one, contend that the so-called earnings recession appears to be ending:
Macro conditions were challenging in 3Q, US and globally, especially for capital goods demand and related manufacturing. Commodity prices were weak, non-res construction flat, very slow trade, soft and promotional retailing, stable but paralyzed global markets. Despite this backdrop, 3rd qtr S&P EPS appears likely to rise 2-3% y/y, thus exiting the profit recession and likely the best S&P EPS growth ex. Energy in a year at ~6%. The drivers of this improvement are not cyclical sectors like Industrials or Con Disc, but rather Financials, encouraging acceleration at Tech (ex AAPL) and continued superior high single-digit growth at Health Care. These 3 sectors are 50%+ of S&P EPS.
Top 5 Energy Stocks To Invest In Right Now: Natural Gas(NG)
Advisors' Opinion:- [By Joseph Griffin]
National Grid (LON:NG)‘s stock had its “overweight” rating reiterated by research analysts at Morgan Stanley in a note issued to investors on Monday.
- [By Logan Wallace]
NovaGold Resources Inc. (TSE:NG) (AMEX:NG) insider David Ottewell sold 60,309 shares of the business’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of C$4.85, for a total value of C$292,498.65.
- [By Max Byerly]
NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) VP David A. Ottewell sold 60,309 shares of the firm’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $3.73, for a total value of $224,952.57. Following the transaction, the vice president now owns 645,385 shares in the company, valued at $2,407,286.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Top 5 Energy Stocks To Invest In Right Now: Enerplus Corporation(ERF)
Advisors' Opinion:- [By Stephan Byrd]
News coverage about Enerplus (NYSE:ERF) (TSE:ERF) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Enerplus earned a news impact score of 0.09 on Accern’s scale. Accern also assigned headlines about the oil and natural gas company an impact score of 47.3097650375709 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
- [By Stephan Byrd]
Get a free copy of the Zacks research report on Enerplus (ERF)
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- [By Stephan Byrd]
Enerplus Corp (NYSE:ERF) (TSE:ERF) has been assigned an average rating of “Buy” from the eight analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $16.50.
- [By Ethan Ryder]
Enerplus (NYSE:ERF) (TSE:ERF) – Stock analysts at National Bank Financial reduced their FY2018 earnings estimates for Enerplus in a research note issued on Thursday, May 3rd. National Bank Financial analyst T. Wood now forecasts that the oil and natural gas company will earn $1.13 per share for the year, down from their previous estimate of $1.27. National Bank Financial also issued estimates for Enerplus’ FY2019 earnings at $1.96 EPS.
- [By Max Byerly]
Enerplus (TSE:ERF) (NYSE:ERF) had its target price hoisted by CIBC from C$19.00 to C$20.00 in a research note published on Friday morning.
Other research analysts also recently issued research reports about the stock. CSFB upped their price objective on shares of Enerplus from C$17.00 to C$20.00 in a report on Friday, April 13th. GMP Securities upped their price objective on shares of Enerplus from C$17.00 to C$18.00 in a report on Thursday, March 1st. Barclays upped their price objective on shares of Enerplus from C$18.00 to C$20.00 in a report on Monday, February 26th. Canaccord Genuity upped their price objective on shares of Enerplus from C$16.50 to C$17.00 in a report on Monday, February 26th. Finally, Desjardins upped their price objective on shares of Enerplus from C$16.00 to C$17.50 in a report on Monday, February 26th. Seven equities research analysts have rated the stock with a buy rating, The stock has an average rating of Buy and an average price target of C$18.29.
- [By Max Byerly]
Get a free copy of the Zacks research report on Enerplus (ERF)
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Top 5 Energy Stocks To Invest In Right Now: Halliburton Company(HAL)
Advisors' Opinion:- [By Ethan Ryder]
Societe Generale downgraded shares of Halliburton (NYSE:HAL) from a buy rating to a hold rating in a report released on Friday, The Fly reports. They currently have $43.00 price target on the oilfield services company’s stock.
- [By ]
You've heard all about the bottlenecks in domestic distribution. Now, you've heard Secretary Mnuchin talk about production. Still, we have to get this stuff to market. When it comes to energy, I have focused on oil services, hence my well-known long positions in both Action Alerts PLUS holding Schlumberger (SLB) , and Halliburton (HAL) .
- [By Stephan Byrd]
SemGroup (NYSE: SEMG) and Halliburton (NYSE:HAL) are both oils/energy companies, but which is the superior investment? We will compare the two businesses based on the strength of their dividends, analyst recommendations, earnings, institutional ownership, valuation, profitability and risk.
- [By ]
Energy sector earnings season starts rolling later this week, and as always, the party will kick off with the so-called big three oilfield services providers: Schlumberger Ltd. (SLB) , General Electric Co.'s (GE) Baker Hughes (BHGE) , and Halliburton Co. (HAL) .
- [By Shane Hupp]
Tiverton Asset Management LLC grew its holdings in Halliburton (NYSE:HAL) by 110.1% during the second quarter, HoldingsChannel.com reports. The fund owned 42,268 shares of the oilfield services company’s stock after purchasing an additional 22,153 shares during the quarter. Tiverton Asset Management LLC’s holdings in Halliburton were worth $1,905,000 at the end of the most recent quarter.
- [By Tyler Crowe]
If you want to take the pulse of the North American oil and gas market, one of the best places to start is Halliburton's (NYSE:HAL) quarterly conference call. As the largest oil services company in North America and with clients of all sizes across every shale basin, management has an intimate knowledge of what is going on in the oil patch at any given moment. Listening to, or reading a transcript of, Halliburton's quarterly conference calls can give investors insights into the market that can help steer investment decisions.
Top 5 Energy Stocks To Invest In Right Now: Statoil ASA(STO)
Advisors' Opinion:- [By Matthew DiLallo]
Another highlight in April was that Shell gave the green light to the Vito project, which is a joint venture with Statoil (NYSE:STO) in the Gulf of Mexico. Shell and Statoil were able to cut that project's cost estimate by 70% from the original design so that it's now profitable at $35 a barrel. The partners expect the project to produce 100,000 BOE/D of low-cost oil and gas when it comes online in 2021.
- [By Shane Hupp]
Statoil (NYSE: STO) and Delek US (NYSE:DK) are both oils/energy companies, but which is the superior stock? We will compare the two businesses based on the strength of their institutional ownership, earnings, valuation, analyst recommendations, dividends, profitability and risk.
- [By Tyler Crowe]
Anyone that has watched oil prices tick up recently has probably expected oil producers to report some impressive earnings results this past quarter, and Statoil (NYSE:STO) did just that with a 21% boost to the bottom line. At the same time, management is using all of its additional cash to do some wheeling and dealing that should help boost its growth possibilities in the nearer term.
Top 5 Energy Stocks To Invest In Right Now: Chesapeake Energy Corporation(CHK)
Advisors' Opinion:- [By Paul Ausick]
Here’s how share prices of the largest U.S. natural gas producers reacting to the latest report:
Exxon Mobil Corp. (NYSE: XOM), the country’s largest producer of natural gas, traded down about 0.5%, at $80.10 in a 52-week range of $72.16 to $89.30. Chesapeake Energy Corp. (NYSE: CHK) traded up about 1.6% to $4.96, in a 52-week range of $2.53 to $5.20. EOG Resources Inc. (NYSE: EOG) traded down about 2.2% to $116.85. The 52-week range is $81.99 to $128.03.Also, the United States Natural Gas ETF (NYSEARCA: UNG) traded up about 0.2%, at $24.06 in a 52-week range of $24.05 to $27.92.
- [By Logan Wallace]
Get a free copy of the Zacks research report on Chesapeake Energy (CHK)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Paul Ausick]
Here’s how share prices of the largest U.S. natural gas producers reacted to today’s report:
Exxon Mobil Corp. (NYSE: XOM), the country’s largest producer of natural gas, traded down about 2.4%, at $80.21 in a 52-week range of $72.16 to $89.30. Chesapeake Energy Corp. (NYSE: CHK) traded down about 1.8%, at $4.55 in a 52-week range of $2.53 to $5.68. EOG Resources Inc. (NYSE: EOG) traded down about 2.1% to $120.38. The 52-week range is $81.99 to $128.03.Also, the United States Natural Gas ETF (NYSEARCA: UNG) traded up about 0.3%, at $23.99 in a 52-week range of $20.40 to $29.96.
- [By Ethan Ryder]
Chesapeake Energy Co. (NYSE:CHK) – Research analysts at Piper Jaffray Companies increased their Q3 2019 earnings per share estimates for shares of Chesapeake Energy in a note issued to investors on Sunday, October 7th. Piper Jaffray Companies analyst K. Harrison now expects that the oil and gas exploration company will earn $0.17 per share for the quarter, up from their previous estimate of $0.16. Piper Jaffray Companies currently has a “Hold” rating and a $5.00 price objective on the stock. Piper Jaffray Companies also issued estimates for Chesapeake Energy’s Q4 2019 earnings at $0.18 EPS and FY2019 earnings at $0.74 EPS.
- [By Ethan Ryder]
Get a free copy of the Zacks research report on Chesapeake Energy (CHK)
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