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Looking At California Resources's Recent Unusual Options Activity - California Resources (NYSE:CRC)
Benzinga· 2025-10-09 17:01
Investors with a lot of money to spend have taken a bullish stance on California Resources (NYSE:CRC).And retail traders should know.We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CRC, it often means somebody knows something is about to happen.Today, Benzinga's options scanner spotted 8 options trades for California Resou ...
Here is Why Vital Energy (VTLE) Fell This Week
Yahoo Finance· 2025-10-06 01:29
The share price of Vital Energy, Inc. (NYSE:VTLE) fell by 6.92% between September 26 and October 3, 2025, putting it among the Energy Stocks that Lost the Most This Week. Here is Why Vital Energy (VTLE) Fell This Week Vital Energy, Inc. (NYSE:VTLE) is an independent energy company that engages in the acquisition, exploration, and development of oil and natural gas properties in the Permian Basin of West Texas. Vital Energy, Inc. (NYSE:VTLE) faced a slight downturn last week following an almost 8% declin ...
Can Permian Connection Brighten XOM, CVX & COP's Outlook?
ZACKS· 2025-10-01 16:11
Key Takeaways Chevron controls 2MM acres in the Permian, with mineral rights on 75%, lowering royalty costs.ExxonMobil targets 2.3MM oil equivalent barrels from the Permian by decade's end.ConocoPhillips saw 56% of its Lower 48 output from the Permian in Q2 2025.The Permian is the most prolific oil and natural gas play in the United States. With multiple layers of shale rocks, the basin has significant potential for oil and natural gas resources. Integrated energy giant Chevron Corporation (CVX) noted that, ...
Mizuho Reiterates Outperform on Viper Energy, Inc. (VNOM) With 35% Upside
Yahoo Finance· 2025-09-24 20:38
Group 1 - Viper Energy, Inc. (NASDAQ:VNOM) is considered one of the best safe stocks to buy, with an 'Outperform' rating and a revised price target of $51.00, indicating a potential upside of nearly 34.7% [1] - The research firm anticipates a rise in gas prices over the next 12 months, positioning Viper Energy for long-term growth, as gas stocks are currently trading at a 10% to 15% discount compared to implied commodity prices [2] - Viper Energy's $4.1 billion acquisition of Sitio Royalties is expected to provide synergies across the Permian region and enhance oil and gas production, making it an attractive investment for those seeking limited operational downside risks [3] Group 2 - Viper Energy, Inc. is a Texas-based company specializing in oil and natural gas properties in North America, founded in 2013, with a commitment to maximizing long-term returns [4]
Permian Resources Corporation (PR) – A Top Dividend Stock Among Hedge Funds
Yahoo Finance· 2025-09-24 02:09
Core Insights - Permian Resources Corporation (NYSE:PR) is recognized as one of the top dividend stocks in the natural gas and oil sector, highlighting its strong financial performance and shareholder returns [1][2]. Financial Performance - The company has a leading cost structure and low break-even prices, enabling it to generate robust cash flows and high returns for shareholders throughout various market cycles [2]. - In Q2, Permian Resources executed a $43 million share buyback program and declared a quarterly dividend of $0.15 per share in August [2]. - Following the acquisition of Apache at lower than mid-cycle commodity prices, the company increased its FY 2025 production guidance by 3% and reduced its capital budget by 2% compared to the original plan [3]. Production and Cost Efficiency - The acquired locations from the Apache deal have a breakeven price as low as $30 per barrel, which positions the company to achieve over 5% free cash flow per share accretion in the near, mid, and long term [3]. - Over the past five years, Permian Resources has seen a remarkable gain of over 2,200%, reflecting its strong operational focus in the Permian Basin, particularly in the Delaware Basin [4].
Paramount Resources (PRMRF) Soars 5.5%: Is Further Upside Left in the Stock?
ZACKS· 2025-09-23 13:41
Company Overview - Paramount Resources (PRMRF) shares increased by 5.5% to close at $15.66, supported by higher trading volume compared to normal sessions [1] - The company is based in Calgary, Canada, and operates in oil and gas exploration and production [2] Recent Developments - Paramount Resources announced the sale of a portion of its investment in NuVista Energy Ltd, which provided fresh capital and showcased a commitment to disciplined capital allocation [2] - This strategic move is aimed at increasing operational flexibility and strengthening the balance sheet amid a volatile energy market [2] Financial Performance Expectations - The upcoming quarterly earnings report is expected to show earnings of $0.11 per share, reflecting a year-over-year decline of 76.6% [3] - Revenue is projected to be $92.91 million, down 71.1% from the same quarter last year [3] Market Sentiment and Stock Performance - The consensus EPS estimate for Paramount Resources has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without earnings estimate revisions [4] - The stock currently holds a Zacks Rank of 3 (Hold), while Baytex Energy (BTE), another company in the same industry, has a Zacks Rank of 2 (Buy) [5][6]
Royale Energy Expands Interest in Pradera Fuego Project Through Farm-Out Agreement
Globenewswire· 2025-09-17 13:00
Core Insights - Royale Energy, Inc. has completed a Farm-out agreement to acquire an additional 2.5% working interest in the Pradera Fuego project, increasing its total non-operated working interest to 7.5% across 17,000 acres [1][2] - The Pradera Fuego project includes a significant development pipeline with 39 future Barnett drilling locations and 44 future Woodford locations, which supports long-term growth for the company [2] - Royale currently has interests in all eight producing Barnett wells within the project, producing approximately 3,583 gross BOEPD, with 201 net BOEPD attributable to Royale [3] Company Operations - The recent well, Irma 1H, is flowing at 1,196 BOEPD on a 50/64" choke, indicating strong performance consistent with other producing wells in the project [3] - The CEO of Royale Energy, Johnny Jordan, emphasized the exceptional results from the Pradera Fuego project as a valuable source of long-term growth for the company and its shareholders [4] - Royale Energy is an independent exploration and production company focused on oil and natural gas acquisition, development, and marketing, primarily operating in Texas's Permian Basin [5]
Is Devon Energy Stock Underperforming the Nasdaq?
Yahoo Finance· 2025-09-15 10:13
Company Overview - Devon Energy Corporation (DVN) has a market cap of $22.1 billion and is a leading independent U.S. oil and natural gas producer with operations in major shale basins including Delaware, Eagle Ford, Anadarko, Williston, and Powder River [1] - The company holds over 2.1 billion BOE in proved reserves and emphasizes financial discipline through strong free cash flow, efficient capital spending, a fixed-plus-variable dividend policy, and share buybacks [2] Stock Performance - Devon Energy's shares have decreased 13.1% over the past 52 weeks, underperforming the Nasdaq Composite's 26% increase during the same period [4] - The stock has pulled back 19.7% from its 52-week high of $43.29, but has increased 6.2% year-to-date (YTD), compared to Nasdaq's 14.7% rise [3][4] - On September 11, shares slipped more than 1% due to falling WTI crude oil prices, which were down nearly 2% [5] Analyst Sentiment - Despite the stock's weak performance, analysts maintain a moderately optimistic outlook with a consensus rating of "Moderate Buy" from 27 analysts [6] - The mean price target for DVN is $45.08, indicating an upside potential of 29.7% from current market prices [6]
Wall Street Bullish on Canadian Natural Resources (CNQ), Here’s Why?
Yahoo Finance· 2025-09-12 05:02
Group 1 - Canadian Natural Resources Limited (NYSE:CNQ) reported a revenue of $6.33 billion for its fiscal second quarter of 2025, a decrease of 3% year-over-year, missing expectations by $98.58 million, while the EPS of $0.52 exceeded consensus by $0.02 [1] - The company completed the planned turnaround at its Athabasca Oil Sands Project five days early and on budget, resulting in a quarterly production reduction of about 120,000 barrels per day, but overall production volumes reached approximately 1,420 MBOE/d, an increase of around 135,000 BOE/d from the prior year [2] - Analysts have shown a bullish sentiment towards CNQ, with RBC Capital maintaining a Buy rating but lowering the price target from C$64 to C$62, while Raymond James raised the price target from C$41.82 to C$54, also reiterating a Buy rating [3] Group 2 - Canadian Natural Resources Limited operates primarily in Western Canada, the UK North Sea, and Offshore Africa, positioning itself as a significant player in the oil and natural gas sector [4]
Melius Launches Coverage on EOG Resources (EOG), Assigns Buy Rating
Yahoo Finance· 2025-09-11 15:31
Group 1 - EOG Resources, Inc. is recognized as one of the best dividend stocks to buy, with Melius Research initiating coverage and assigning a Buy rating with a price target of $173 [1][2] - The company's disciplined focus on internal growth rather than acquisitions distinguishes it within the energy sector [1][2] - EOG's technological advancements have enabled the production of oil and gas at lower costs while maintaining high well productivity [2] Group 2 - EOG Resources has a long-standing history of maintaining dividend payouts for 36 years, indicating financial stability [2]