Best Oil Stocks To Invest In 2019

tags:RRC,MMP,HAL,ECA,COP,

News stories about Cypress Energy Partners (NYSE:CELP) have been trending somewhat positive on Wednesday, Accern Sentiment reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Cypress Energy Partners earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned media headlines about the oil and gas company an impact score of 45.7904647443962 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

CELP traded down $0.33 during trading hours on Wednesday, hitting $7.61. The stock had a trading volume of 800 shares, compared to its average volume of 17,368. Cypress Energy Partners has a 1 year low of $5.50 and a 1 year high of $8.50. The firm has a market cap of $85.61 million, a P/E ratio of 15.22 and a beta of 1.59.

Best Oil Stocks To Invest In 2019: Range Resources Corporation(RRC)

Advisors' Opinion:

• [By Ethan Ryder]

  Get a free copy of the Zacks research report on Range Resources (RRC)

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

• [By Joseph Griffin]

  Range Resources Corp. (NYSE:RRC) – Research analysts at Piper Jaffray Companies upped their Q1 2019 earnings per share (EPS) estimates for Range Resources in a report issued on Monday, August 27th. Piper Jaffray Companies analyst D. Kistler now anticipates that the oil and gas exploration company will post earnings of $0.43 per share for the quarter, up from their prior forecast of $0.42. Piper Jaffray Companies has a “Buy” rating and a $27.00 price objective on the stock. Piper Jaffray Companies also issued estimates for Range Resources’ Q2 2019 earnings at $0.35 EPS, Q4 2019 earnings at $0.44 EPS, FY2019 earnings at $1.61 EPS, Q2 2020 earnings at $0.39 EPS and FY2020 earnings at $1.93 EPS.

• [By Tyler Crowe]

  Companies in this region have had more measured growth plans because of the lack of pipelines. As Miller mentioned, though, improved efficiency has resulted in most companies outpacing their production growth plans. The lack of takeaway capacity has led to much lower prices for in-basin production. Range Resources (NYSE:RRC), one of the larger producers in the region, has noted that its price realizations were 10% below benchmark prices because of a lack of takeaway capacity. 

• [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.

Best Oil Stocks To Invest In 2019: Magellan Midstream Partners L.P.(MMP)

Advisors' Opinion:

• [By John Bromels]

  Speaking of debt, energy infrastructure MLPs tend to take on high levels of it to fund their large infrastructure development projects. That means taking on additional debt to fund a distribution isn't always feasible. Luckily, in the case of Magellan and Enterprise, their conservative management teams have kept them at comparatively good debt ratings and low levels of debt relative to their peers:

  Company Debt Rating Debt-to-EBITDA Ratio (TTM)  Debt-to-Adjusted-EBITDA Ratio (TTM) Magellan Midstream Partners (NYSE:MMP) BBB+/Baa1 3.5 3.3 Enterprise Products Partners (NYSE:EPD) BBB+/Baa1 4.3 3.7 Buckeye Partners BBB-/Baa3 5.0 4.3 Energy Transfer Partners BBB-/Baa3 5.2 N/A

  Data sources: Company presentations and YCharts. TTM = trailing 12 months.

• [By Reuben Gregg Brewer]

  There are always clear signs of excess at market tops -- which everyone typically sees in hindsight. With stock market averages trading near all-time highs and now two companies' market caps topping $1 trillion, it's time to considering some boring, financially strong dividend payers. Here are three stocks to get you going: NextEra Energy, Inc. (NYSE:NEE), The Hormel Foods Company (NYSE:HRL), and Magellan Midstream Partners, L.P. (NYSE:MMP).

• [By Matthew DiLallo]

  Meanwhile, MPLX took another step forward in early September after the company and its partners -- fellow MLPs Energy Transfer Partners (NYSE:ETP) and Magellan Midstream Partners (NYSE:MMP) as well as refiner Delek US Holdings -- secured enough shippers to move ahead with construction on the Permian Gulf Coast Pipeline. The 600-mile pipeline will move crude oil from the Permian to the Texas coast. From there, it will flow into Energy Transfer Partners' Nederland terminal as well as Magellan Midstream Partners' East Houston terminal. The partners expect that the system will be in operation by the middle of 2020. It's a crucial project for the industry since there currently isn't enough pipeline capacity to move oil out of the Permian.

• [By Shane Hupp]

  Magellan Midstream Partners, L.P. (NYSE:MMP) has been given an average rating of “Hold” by the seventeen brokerages that are currently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $74.46.

• [By Matthew DiLallo]

  In addition to those pipelines already under construction, companies continue to pitch new projects to shippers in hopes of locking in the next wave of growth. The latest entry into this building boom is the proposed Permian Gulf Coast pipeline, which is a joint venture between Energy Transfer Partners (NYSE:ETP), Magellan Midstream Partners (NYSE:MMP), MPLX (NYSE:MPLX), and Delek US Holdings (NYSE:DK). The line could be in service as soon as mid-2020 if everything goes according to plan.

Best Oil Stocks To Invest In 2019: Halliburton Company(HAL)

Advisors' Opinion:

• [By Logan Wallace]

  Ladenburg Thalmann Financial Services Inc. decreased its position in shares of Halliburton (NYSE:HAL) by 2.9% during the first quarter, HoldingsChannel reports. The firm owned 43,482 shares of the oilfield services company’s stock after selling 1,312 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Halliburton were worth $2,035,000 at the end of the most recent reporting period.

• [By Joseph Griffin]

  Mckinley Capital Management LLC Delaware grew its position in shares of Halliburton (NYSE:HAL) by 68.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,626 shares of the oilfield services company’s stock after purchasing an additional 2,689 shares during the quarter. Mckinley Capital Management LLC Delaware’s holdings in Halliburton were worth $311,000 as of its most recent filing with the SEC.

• [By Ethan Ryder]

  Get a free copy of the Zacks research report on Halliburton (HAL)

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

• [By Jason Hall, Tyler Crowe, and Matthew DiLallo]

  Not only are these pipeline issues impacting producers, but they're also starting to pinch the profits of oil-field service companies. Halliburton (NYSE:HAL), for example, recently said that while "we thought there would be a downturn in activity [in the Permian] due to budget constraints and takeaway issues... it's more than we expected." Because of those issues and some others, Halliburton's third-quarter results will come in $0.08 to $0.10 per share below expectations. Meanwhile, its outlook for 2019 is dimming due to the slowdown. 

Best Oil Stocks To Invest In 2019: Encana Corporation(ECA)

Advisors' Opinion:

• [By Keith Noonan, Travis Hoium, and Matthew DiLallo]

  We asked three Motley Fool investors to profile some of the best under-the-radar growth stocks on the market today. Read on to see why they selected Encana (NYSE:ECA), Activision Blizzard (NASDAQ:ATVI), and Baozun (NASDAQ:BZUN) as top growth stocks for in-the-know investors.

• [By ]

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

• [By Joseph Griffin]

  Morgan Stanley set a $19.00 price objective on Encana (NYSE:ECA) (TSE:ECA) in a report published on Friday morning. The brokerage currently has a buy rating on the oil and gas company’s stock.

• [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 Shane Hupp]

  Electra (CURRENCY:ECA) traded down 5.1% against the U.S. dollar during the 24-hour period ending at 15:00 PM E.T. on June 12th. Over the last seven days, Electra has traded down 25.7% against the U.S. dollar. Electra has a market cap of $34.53 million and approximately $134,011.00 worth of Electra was traded on exchanges in the last 24 hours. One Electra coin can currently be bought for $0.0013 or 0.00000020 BTC on exchanges including CryptoBridge, Fatbtc, CoinFalcon and Coinhouse.

Best Oil Stocks To Invest In 2019: ConocoPhillips(COP)

Advisors' Opinion:

• [By Reuben Gregg Brewer]

  Oil prices have risen off of the lows reached following the mid-2014 oil downturn. That's been great news for most oil-related companies, since it means revenues are heading higher. The biggest beneficiaries are the companies most reliant on oil prices, like ConocoPhillips (NYSE:COP), which is up 85% since mid-January 2016, when oil prices started rising again. However, the downturn was an ugly reminder that what goes up can just as quickly go down. If you are considering an oil investment, forget ConocoPhillips and take a look at this pair of diversified energy giants instead.

• [By Matthew DiLallo]

  As things stand right now, analysts anticipate that at least some Iranian oil will come off the market as a result of the sanctions. That lost output would further tighten an oil market that suddenly has little margin for error thanks to red-hot demand and tame supply growth. That's the recipe for higher oil prices and could make top-tier U.S. oil stocks Anadarko Petroleum (NYSE:APC), Devon Energy (NYSE:DVN), and ConocoPhillips (NYSE:COP) big winners in the coming years.

• [By Matthew DiLallo]

  Many of its peers slashed or eliminated their dividends to preserve cash. Former dividend stalwarts ConocoPhillips (NYSE:COP) and Anadarko Petroleum (NYSE:APC) were among the many that caved under the pressure of lower oil prices, with ConocoPhillips slicing its payout by two-thirds, while Anadarko slashed its dividend by 82%.