Top 10 Oil Stocks To Invest In Right Now

tags:MMP,RRC,MRO,RIG,COP,WLL,APA,ECA,HAL,WPZ,

June 15, 2018: Markets opened lower Friday as traders waited for the expected announcement of Trump’s tariffs on certain Chinese goods. The announcement was quickly followed by a Chinese statement that it would retaliate. The Dow index got hit the worst in the sell-off, but the trade war has been telegraphed for at least three months, so most traders were in position. The energy sector was the day’s worst performer, more than offsetting consumer staples, the day’s best performer.

WTI crude oil for July delivery settled at $65.06 a barrel, down about 2.7% for the day and a loss for the week of about 1%. The oil rig count rose by one this week, but the price drop is related to questions about the OPEC production cuts and when they might end. August gold dropped about 2.3% on the day to settle at $1,278.50, the yellow metal’s lowest settlement of the year to date. Equities were headed for a lower close about 10 minutes before the bell as the Dow traded down 0.42% for the day, the S&P 500 traded down 0.15%, and the Nasdaq Composite traded down 0.20%.

Top 10 Oil Stocks To Invest In Right Now: Magellan Midstream Partners L.P.(MMP)

Advisors' Opinion:

• [By Joseph Griffin]

  TRADEMARK VIOLATION NOTICE: “Magellan Midstream Partners, L.P. (MMP) Shares Sold by Tdam USA Inc.” was first reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this news story can be viewed at https://www.tickerreport.com/banking-finance/4134187/magellan-midstream-partners-l-p-mmp-shares-sold-by-tdam-usa-inc.html.

• [By Joseph Griffin]

  Magellan Midstream Partners, L.P. (NYSE:MMP) insider Douglas J. May sold 5,000 shares of the stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $68.69, for a total value of $343,450.00. Following the completion of the sale, the insider now owns 33,000 shares in the company, valued at approximately $2,266,770. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

• [By Joseph Griffin]

  Tortoise Index Solutions LLC lifted its stake in shares of Magellan Midstream Partners, L.P. (NYSE:MMP) by 110.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 83,210 shares of the pipeline company’s stock after acquiring an additional 43,677 shares during the quarter. Magellan Midstream Partners makes up approximately 1.8% of Tortoise Index Solutions LLC’s holdings, making the stock its 14th biggest holding. Tortoise Index Solutions LLC’s holdings in Magellan Midstream Partners were worth $4,748,000 at the end of the most recent reporting period.

• [By ]

  That means pipelines are equally busy carrying all that raw crude into these refineries and then carrying out gasoline, diesel and other finished products. So you'd think these would be boon times for Magellan Midstream Partners (NYSE: MMP), which owns 10,000 miles of pipeline that connect with 50% of the nation's refinery capacity.

• [By Tyler Crowe]

  Oil and gas investors have been through the wringer over the past few years. Even the most stable investments in this industry -- pipelines, processing, and logistics -- haven't been spared. Case in point: Shares of Magellan Midstream Partners (NYSE:MMP) have declined 18% over the past three years despite the company posting consistent revenue and cash flow growth. To top it off, there has been a slew of regulatory and tax changes in recent months that will have a significant impact on this particular industry.

Top 10 Oil Stocks To Invest In Right Now: Range Resources Corporation(RRC)

Advisors' Opinion:

• [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.

• [By Shane Hupp]

  Toronto Dominion Bank increased its holdings in Range Resources Corp. (NYSE:RRC) by 25.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 123,421 shares of the oil and gas exploration company’s stock after purchasing an additional 24,839 shares during the period. Toronto Dominion Bank’s holdings in Range Resources were worth $1,794,000 as of its most recent SEC filing.

• [By Chris Lange]

  The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Monday was Range Resources Corp. (NYSE: RRC) which rose about 6% to $16.05. The stock's 52-week range is $11.93 to $25.96. Volume was 8.6 million compared to the daily average volume of 7.4 million.

• [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.

Top 10 Oil Stocks To Invest In Right Now: Marathon Oil Corporation(MRO)

Advisors' Opinion:

• [By Stephan Byrd]

  Melrose Industries (LON:MRO) had its price target upped by Numis Securities from GBX 250 ($3.39) to GBX 280 ($3.80) in a research report report published on Monday morning. They currently have a buy rating on the stock.

• [By Logan Wallace]

  Get a free copy of the Zacks research report on Marathon Oil (MRO)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Zacks]

  Oil production is surging in Canada but producers are far from happy as their profit margin is sinking and they are striving to stay competitive with their U.S. counterparts. While upstream companies like Marathon Oil Corporation (NYSE: MRO), Hess Corporation (NYSE: HES) and others are enjoying the shale boom and rebound in prices in the United States, their Canadian counterparts like Cenovus Energy Inc. (NYSE: CVE) and others are thinking of reducing production. The primary reason behind this is the shortage of pipelines in the country. In short, pipeline construction in Canada has failed to keep pace with rising domestic oil production – the heavier sour variety churned out of the oil sands –  resulting in infrastructural bottlenecks. This has also forced producers to give away their products at a discounted rate.

Top 10 Oil Stocks To Invest In Right Now: Transocean Inc.(RIG)

Advisors' Opinion:

• [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. 

• [By Lisa Levin]

  Check out these big penny stock gainers and losers

  Losers Aceto Corporation (NASDAQ: ACET) fell 41.9 percent to $4.30 in pre-market trading. ACETO board disclosed that it is taking proactive steps to address business and financial challenges. Canaccord Genuity downgraded Aceto from Buy to Sell. Helios and Matheson Analytics Inc. (NASDAQ: HMNY) fell 25.3 percent to $2.86 in pre-market trading after reporting an ATM offering of $150 million. Pier 1 Imports, Inc. (NYSE: PIR) fell 17.4 percent to $2.86 in pre-market trading after reporting a fourth quarter sales miss. Comps were down 7.5 percent in the quarter. Sleep Number Corporation (NASDAQ: SNBR) fell 12.4 percent to $32.00 in pre-market trading following a first quarter earnings miss. Paratek Pharmaceuticals, Inc. (NASDAQ: PRTK) fell 10.2 percent to $11.90 in pre-market trading on news of $125 million convertible debt offering. Merrimack Pharmaceuticals, Inc. (NASDAQ: MACK) shares fell 8 percent to $8.02 in pre-market trading after dropping 2.02 percent on Wednesday. Exponent, Inc. (NASDAQ: EXPO) shares fell 5.6 percent to $80 in pre-market trading. Lumentum Holdings Inc. (NASDAQ: LITE) shares fell 4.8 percent to $60.00 in pre-market trading after rising 1.78 percent on Wednesday. vTv Therapeutics Inc. (NASDAQ: VTVT) fell 4.6 percent to $2.10 in pre-market trading after surging 84.87 percent on Wednesday. Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) shares fell 4.5 percent to $40.07 in pre-market trading after the company reported Q1 results. Align Technology, Inc.. (NASDAQ: ALGN) fell 3.5 percent to $267.40 in pre-market trading after rising 1.61 percent on Wednesday. Transocean Ltd. (NYSE: RIG) shares fell 3.5 percent to $12 in pre-market trading after the company issued quarterly fleet status report. GoPro, Inc. (NASDAQ: GPRO) fell 3.2 percent to $4.90 in pre-market trading. Unilever PLC (NYSE: UL) fell 2.6 percent to $54.73 in pre-market
• [By Jim Crumly]

  As for individual stocks, Amazon.com (NASDAQ:AMZN) briefly broke through $1 trillion in valuation, and Transocean Ltd. (NYSE:RIG) announced plans to acquire Ocean Rig UDW (NASDAQ:ORIG).

• [By Max Byerly]

  Shares of Transocean LTD (NYSE:RIG) gapped down prior to trading on Thursday . The stock had previously closed at $13.41, but opened at $13.13. Transocean shares last traded at $12.81, with a volume of 16922465 shares trading hands.

• [By Ethan Ryder]

  An issue of Transocean LTD (NYSE:RIG) debt fell 2.8% as a percentage of its face value during trading on Thursday. The high-yield debt issue has a 6.8% coupon and will mature on March 15, 2038. The bonds in the issue are now trading at $82.13 and were trading at $84.00 one week ago. Price changes in a company’s debt in credit markets often predict parallel changes in its stock price.

• [By The Ticker Tape]

  TD Ameritrade clients appeared to take some profits in multiple names during the period. Oil companies were popular sells with ConocoPhillips (NYSE: COP), BP  PLC (ADR) (NYSE: BP), National-Oilwell Varco Inc. (NYSE: NOV), and Transocean LTD (NYSE: RIG) all net sold. Oil prices traded near three-year highs on higher global demand and possible OPEC-led production cuts. COP and BP both traded at multi-year highs, while NOV and RIG reached 52-week highs, enticing clients to take profits in all four names. Alcoa Corp. (NYSE: AA) traded at levels not seen since before the financial crisis following proposed tariffs on steel and aluminum, and was net sold. For the third month in a row, Facebook, Inc. (NASDAQ: FB) was net sold after CEO Mark Zuckerberg testified before Congress regarding the misuse of user data and a beat on earnings.

Top 10 Oil Stocks To Invest In Right Now: ConocoPhillips(COP)

Advisors' Opinion:

• [By Garrett Baldwin]

  Well, Money Morning Special Situation Strategist Tim Melvin has broken these secrets out of the vault of the Smart Money managers. And he's sharing the Max Wealth secrets for free right here.

  Stocks to Watch Today: GE, FB, TSLA Shares of General Electric Co. (NYSE: GE) popped 7% in pre-market hours after the company reported stronger-than-expected revenue before the bell. The firm's profit estimates, however, fell $0.05 short of consensus expectations at $0.17 per share. CEO Larry Culp will still need to address three issues that are keeping many potential investors on edge: GE Capital still faces financial challenges, the SEC and Justice Department are still investigating the firm, and its power division has been burning cash at an incredible rate. Shares of Facebook Inc. (NASDAQ: FB) popped more than 11% in pre-market hours after the company crushed earnings after the bell Wednesday. The social media giant reported gains in daily active users in every geographic market on the planet. The firm also reported earnings per share of $2.38, topping expectations by $0.19. Its $16.91 billion in quarterly revenue also bested consensus expectations of $16.39 billion. The firm matched daily and monthly active user estimates. In addition, investors largely ignored the latest date scandal rattling sentiment. Shares of Tesla Inc. (NASDAQ: TSLA) slumped 4.5% before the bell Thursday. During the company's quarterly conference call, CEO Elon Musk announced that CFO Deepak Ahuja will be retiring. This is the second time that Ahuja has departed the company after returning just two years ago. Despite the departure, the firm's quarterly earnings report was mixed overall. Adjusted earnings per share came in at $1.93, well below the $2.20 expected by analysts. Revenue, however, beat estimates, and Musk said he expects that his company will be profitable moving forward. Look for other earnings reports from Mastercard Inc. (NYSE: MA), Celegene Corp. (NASDAQ: CELG), Altria Group I
• [By Matthew DiLallo]

  One of the early leaders of this industrywide pivot was U.S. oil giant ConocoPhillips (NYSE:COP). In late 2016, ConocoPhillips unveiled a differentiated strategy aimed at creating value by driving out costs, improving returns on investments, and returning excess cash to shareholders, which it has done through three dividend increases and a multibillion-dollar share-repurchase program. Those initiatives enabled the company to make more money in last year's third quarter than it did when crude oil was over $100 a barrel. This formula has proven to be a smashing success as ConocoPhillips' stock has vastly outperformed its peers in recent years. Last year, for instance, it delivered a double-digit total return despite the slump in crude prices. That success is leading more oil producers to take a page out of ConocoPhillips' playbook.

• [By Matthew DiLallo]

  ConocoPhillips (NYSE:COP) is starting to become an income growth machine once again. While the U.S. oil giant has a blemished dividend history after slashing its payout by two-thirds in 2016 -- wiping out more than a decade of growth -- the company restarted its dividend growth engine last year. It has now boosted its payout three times in less than two years and appears as if it has plenty of fuel to continue expanding the payout, making it an appealing dividend growth stock for investors to consider.

• [By Matthew DiLallo]

  ConocoPhillips (NYSE:COP) is one of a growing number of oil producers that is reevaluating its drilling plans in the Permian Basin because of the region's looming pipeline shortage. Among the options it's considering is redeploying at least some of its resources out of the Basin until new pipes start up toward the end of next year. While that could affect its growth prospects in the near term, it also might provide the company with the opportunity to enhance its longer-term growth potential in the region.

• [By ]

  It starts in 2007 when the Oracle of Omaha began purchasing shares of ConocoPhillips (NYSE: COP). By the end of 2007, Buffett had spent just over $1 billion.

Top 10 Oil Stocks To Invest In Right Now: Whiting Petroleum Corporation(WLL)

Advisors' Opinion:

• [By Logan Wallace]

  Penn Capital Management Co. Inc. purchased a new stake in shares of Whiting Petroleum Corp (NYSE:WLL) in the 1st quarter, HoldingsChannel reports. The fund purchased 318,157 shares of the oil and gas exploration company’s stock, valued at approximately $10,783,000.

• [By Stephan Byrd]

  Oppenheimer began coverage on shares of Whiting Petroleum (NYSE:WLL) in a research note issued to investors on Wednesday. The firm issued an outperform rating and a $67.00 price objective on the oil and gas exploration company’s stock. Oppenheimer also issued estimates for Whiting Petroleum’s Q3 2018 earnings at $0.64 EPS, Q4 2018 earnings at $0.80 EPS, FY2018 earnings at $2.97 EPS, Q3 2019 earnings at $1.45 EPS, Q4 2019 earnings at $1.50 EPS and FY2019 earnings at $5.99 EPS.

• [By Max Byerly]

  Sheaff Brock Investment Advisors LLC purchased a new position in Whiting Petroleum Co. (NYSE:WLL) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 14,439 shares of the oil and gas exploration company’s stock, valued at approximately $489,000.

• [By Matthew DiLallo]

  Whiting Petroleum (NYSE:WLL) bounded upward more than 55% for the quarter, fueled by rising crude prices and its strong first-quarter results. After struggling to scrape by on lower oil prices, Whiting's cash flow has surged this year, providing it enough money to fund its drilling program with more than $100 million to spare during the first quarter.

Top 10 Oil Stocks To Invest In Right Now: Apache Corporation(APA)

Advisors' Opinion:

• [By Ethan Ryder]

  Dimensional Fund Advisors LP boosted its stake in Apache Co. (NYSE:APA) by 4.6% in the 1st quarter, HoldingsChannel reports. The firm owned 2,132,014 shares of the energy company’s stock after buying an additional 94,324 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Apache were worth $82,040,000 as of its most recent SEC filing.

• [By Paul Ausick]

  Apache Corp. (NYSE: APA) dropped about 7.3% Thursday to post a new 52-week low of $34.50. Shares closed at $37.20 on Wednesday and the stock’s 52-week high is $55.23. Volume was over 11 million, about three times the daily average of around 3.9 million. The company reported quarterly results this morning, but investors were not impressed.

• [By Matthew DiLallo]

  Kinder Morgan initially unveiled the Permian Highway Pipeline project in late June, announcing that it signed a letter of intent with private equity-backed EagleClaw Midstream and Apache (NYSE:APA) to develop another new gas pipeline out of the Permian Basin. That project got a big boost of confidence last month when ExxonMobil's XTO Energy subsidiary signed on to be an anchor shipper. The partners would go on to secure additional shippers for nearly all the pipeline's remaining capacity, which allowed them to officially sanction the project this week.

• [By Rich Duprey, John Bromels, and Anders Bylund]

  Micron Technology (NASDAQ:MU), Apache (NYSE:APA), and Apple (NASDAQ:AAPL) are three such companies that Wall Street has given up on, but that could be a big mistake. Here are the reasons why three Motley Fool contributors think the market is wrong about these stocks.

• [By Joseph Griffin]

  Meridian Wealth Management LLC purchased a new stake in Apache Co. (NYSE:APA) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 9,729 shares of the energy company’s stock, valued at approximately $255,000.

• [By Chris Lange]

  The S&P 500 stock posting the largest daily percentage loss ahead of the close was Apache Corp. (NYSE: APA) which traded down about 4% at $42.73. The stock's 52-week range is $33.60 to $51.21. Volume was over 6 million compared to the daily average volume of 4.5 million.

Top 10 Oil Stocks To Invest In Right Now: Encana Corporation(ECA)

Advisors' Opinion:

• [By Shane Hupp]

  Electra (CURRENCY:ECA) traded 3.4% lower against the dollar during the 24-hour period ending at 18:00 PM Eastern on June 4th. Electra has a total market capitalization of $45.83 million and approximately $326,372.00 worth of Electra was traded on exchanges in the last 24 hours. One Electra coin can currently be bought for $0.0018 or 0.00000024 BTC on cryptocurrency exchanges including Novaexchange, Octaex, Fatbtc and Cryptopia. In the last seven days, Electra has traded 12.8% higher against the dollar.

• [By Max Byerly]

  Here are some of the news stories that may have effected Accern Sentiment’s rankings:

  Get Encana alerts: Encana Corp (ECA) Rising Higher 7.95% Over the Past Four Weeks (fisherbusinessnews.com) Encana Corporation (ECA) Most Active Stock Price trades 19.10% off from 200- SMA (nasdaqchronicle.com) Mid-Day Movers –: Encana Corporation (NYSE:ECA), CSX Corporation (NASDAQ:CSX), MGIC Investment Corporation … (journalfinance.net) Featured Stock: Encana Corporation (ECA) (stockquote.review) Active Stock Evaluation – Encana Corporation (NYSE: ECA) (financerater.com)

  ECA has been the subject of a number of research analyst reports. Morgan Stanley raised shares of Encana from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $15.00 to $18.00 in a report on Wednesday, January 24th. Evercore ISI raised shares of Encana from an “in-line” rating to an “outperform” rating and upped their price target for the company from $10.84 to $16.00 in a report on Wednesday, March 7th. Zacks Investment Research downgraded shares of Encana from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Scotiabank raised shares of Encana from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $13.00 to $14.00 in a report on Friday, February 16th. Finally, Goldman Sachs cut their price target on shares of Encana from $17.25 to $14.00 and set a “buy” rating for the company in a report on Friday, April 13th. Two analysts have rated the stock with a sell rating, two have given a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $15.28.

• [By Max Byerly]

  Shares of Encana Corp (NYSE:ECA) (TSE:ECA) gapped up before the market opened on Tuesday . The stock had previously closed at $5.95, but opened at $6.10. Encana shares last traded at $6.11, with a volume of 65113676 shares changing hands.

• [By Jon C. Ogg]

  Encana Corp. (NYSE: ECA) has seen its shares rise 19% so far in 2019, outperforming its peers by about 500 basis points. That said, Encana shares have underperformed peers by over 20% since the NFX deal announcement last November. Merrill Lynch has a Buy rating and $11 price objective on Encana, almost 60% higher than the prior $6.89 close. The firm noted that Encana's cube style completions have been an important driver of outperformance in the Permian. In the STACK, the firm expects Encana to be deliberate initially using "skinny cubes" to determine optimal vertical/horizontal spacing while targeting select zones using multi-well pads.

• [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. 

Top 10 Oil Stocks To Invest In Right Now: Halliburton Company(HAL)

Advisors' Opinion:

• [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.

• [By ]

  For top oilfield services picks, Seaport says to keep it simple: Halliburton Co. (HAL) and Hi-Crush Partners LP (HCLP) are the best bets, the firm contends. 

• [By Todd Shriber, ETF Professor]

  IEZ is also a top-heavy fund. Just two stocks — Schlumberger NV (NYSE: SLB) and Halliburton Inc. (NYSE: HAL) — combine for almost 26 percent of the fund's weight. Underscoring the correlation to oil prices, IEZ has a three-year standard deviation of 30 percent, indicating this ETF is far more volatile than standard diversified energy funds.

• [By Logan Wallace]

  Halcyon (CURRENCY:HAL) traded up 0.4% against the U.S. dollar during the one day period ending at 13:00 PM E.T. on September 9th. Over the last seven days, Halcyon has traded 40.7% lower against the U.S. dollar. Halcyon has a market capitalization of $171,200.00 and $23.00 worth of Halcyon was traded on exchanges in the last day. One Halcyon coin can currently be bought for approximately $0.0272 or 0.00000426 BTC on cryptocurrency exchanges.

Top 10 Oil Stocks To Invest In Right Now: Williams Partners L.P.(WPZ)

Advisors' Opinion:

• [By Matthew DiLallo]

  Overall, earnings at both Williams and its MLP Williams Partners (NYSE:WPZ) were down slightly versus the year-ago period due to asset sales, while cash flow modestly increased thanks to lower interest expenses.

• [By Matthew DiLallo]

  Williams Companies (NYSE:WMB) was off to a great start in 2018 thanks to the growth of its majority-owned master limited partnership, Williams Partners (NYSE:WPZ). There's plenty more where that came from, which was clear from the comments of CEO Alan Armstrong on the accompanying quarterly conference call. While he didn't fill in every detail about what lies ahead, he made sure investors knew that the company's future looks bright.

• [By Maxx Chatsko]

  Simpler organizational structures could yield significant benefits for individual investors. In addition to being easier to follow and understand, it will make it easier than ever to own some of the most important pieces of energy infrastructure in the United States. The proposed merger between Williams Companies (NYSE:WMB) and Williams Partners LP (NYSE:WPZ) is a great example, as it owns some of the best natural gas infrastructure in the United States. Here's why investors should be bullish on the multi-billion dollar merger.