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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: isopatch6/19/2019 2:37:34 PM
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<Why Shares of Ensco Rowan plc (ESV) Surged Today

By Peggy Goldman

June 19, 2019

Ensco Rowan plc (NYSE:ESV) is among the top gainers of the stock market today, skyrocketing 2.17% or (0.16 points) to $7.53 from its previous close of $7.37. Does this growth mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 2470438 contracts so far this session. ESV shares had a relatively better volume day versus average trading capacity of 6.57 million shares, but with a 0.2 billion float and a -3.03% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for ESV stock indicates that the average analyst price target is $23.85 per share. This means the stock has a potential increase of 216.73% from where the ESV share price has been trading recently which is between $6.8454 and $7.465.

The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Patterson-UTI (PTEN) Jumps: Stock Rises 7%” and dated June 14, 2019.

During the recent trading session for Ensco Rowan plc (NYSE:ESV), the company witnessed their stock rise $0.33 over a week and tumble down $-2.88 from the price 20 days ago. When compared to their established 52-week high of $38.04, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 09/10/18. The recent low of $6.54 stood for a -80.21% since 06/17/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 2.22 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.

Looking at the current readings for Ensco Rowan plc, the two-week RSI stands at 32.74. This figure suggests that ESV stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current ESV readings is similarly very revealing as it has a stochastic reading of 24.61% at this stage. This figure means that ESV share price today is being overbought.

Technical chart claims that Ensco Rowan plc (ESV) would settle between $7.61/share to $7.85/share level. However, if the stock price goes below the $6.99 mark, then the market for Ensco Rowan plc becomes much weaker. If that happens, the stock price might even plunge as low as $6.61 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.13. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.

Analysts at BofA/Merrill, assumed coverage of ESV assigning Underperform rating, according to their opinion released on June 10. RBC Capital Mkts, analysts launched coverage of Ensco Rowan plc (NYSE:ESV) stock with a Outperform recommendation, according to their flash note issued to investors on May 17. Analysts at Morgan Stanley, made their first call for the equity with a Overweight recommendation, according to a research note that dated back to April 16.

ESV equity has an average rating of 2.21, with the figure leaning towards a bullish end. 29 analysts who tracked the company were contacted by Reuters. Amongst them, 10 rated the stock as a hold while the remaining 19 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 18 analysts rated Ensco Rowan plc (NYSE:ESV) as a buy or a strong buy while 1 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.

Moving on, ESV stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/S ratio is 0.87 while for the average stock in the same group, the multiple is 2.74. Ensco Rowan plc current P/E ratio of 41.41 means it is trading at a premium against its industry’s 1.8. In the past 5 years, this ratio for the stock has been fluctuating between 3.13 and 12.88.

Ensco Rowan plc (ESV)’s current-quarter revenues are projected to climb by nearly 28.71% to hit $590130, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 32.21% from $1.71 billion to a noteworthy $2.25 billion. At the other end of the current quarter income statement, Ensco Rowan plc is expected to see its adjusted earnings surge by roughly -8.33% to hit $-1.3 per share. For the fiscal year, ESV’s earnings are projected to climb by roughly 3.54% to hit $-5.17 per share.

<It’s understandable why traders are mauling Callon Petroleum Company (CPE)

By Edward Bosworth

June 19, 2019

Callon Petroleum Company (NYSE:CPE) is one of the stocks that are grabbing investor focus today: sinking -3.06% or (-0.2 points) to $6.33 from its previous close of $6.53. Does this decline mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 2344998 contracts so far this session. CPE shares had a relatively better volume day versus average trading capacity of 6.41 million shares, but with a 0.23 billion float and a 3.16% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for CPE stock indicates that the average analyst price target is $11.47 per share. This means the stock has a potential increase of 81.2% from where the CPE share price has been trading recently which is between $6.28 and $6.6308. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $8.

The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Callon Petroleum Company Announces Redemption of 10.00% Series A Cumulative Preferred Stock” and dated June 18, 2019.>

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During the recent trading session for Callon Petroleum Company (NYSE:CPE), the company witnessed their stock rise $0.17 over a week and tumble down $-1.51 from the price 20 days ago. When compared to their established 52-week high of $13.09, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 04/10/18. The recent low of $5.57 stood for a -51.64% since 12/26/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.47 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.

Looking at the current readings for Callon Petroleum Company, the two-week RSI stands at 41.14. This figure suggests that CPE stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current CPE readings is similarly very revealing as it has a stochastic reading of 56.08% at this stage. This figure means that CPE share price today is being neutral.

Technical chart claims that Callon Petroleum Company (CPE) would settle between $6.68/share to $6.83/share level. However, if the stock price goes below the $6.33 mark, then the market for Callon Petroleum Company becomes much weaker. If that happens, the stock price might even plunge as low as $6.13 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.13. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.

Analysts at Morgan Stanley, assumed coverage of CPE assigning Equal-Weight rating, according to their opinion released on March 21. Imperial Capital analysts again handed out a Outperform recommendation to Callon Petroleum Company (NYSE:CPE) stock but they lifted target price for the shares in a flash note issued to investors on February 13. The target price has been raised from $12 to $15. Analysts at Citigroup released an upgrade from Neutral to Buy for the stock, in a research note that dated back to January 23.

CPE equity has an average rating of 1.85, with the figure leaning towards a bullish end. 27 analysts who tracked the company were contacted by Reuters. Amongst them, 5 rated the stock as a hold while the remaining 22 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 22 analysts rated Callon Petroleum Company (NYSE:CPE) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.

Moving on, CPE stock price is currently trading at 5.61X forward 12-month Consensus EPS estimates, and its P/S ratio is 7.65 while for the average stock in the same group, the multiple is 99.33. Callon Petroleum Company current P/E ratio of 21.88 means it is trading at a premium against its industry’s 14.33. In the past 5 years, this ratio for the stock has been fluctuating between 8.39 and 69.02.

Callon Petroleum Company (CPE)’s current-quarter revenues are projected to climb by nearly 21.79% to hit $166960, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 13.07% from $587620 to a noteworthy $664440. At the other end of the current quarter income statement, Callon Petroleum Company is expected to see its adjusted earnings surge by roughly -8.7% to hit $0.21 per share. For the fiscal year, CPE’s earnings are projected to climb by roughly 0% to hit $0.82 per share.>

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<Superior Energy Services, Inc. (SPN): what caused a melt-up today?

By Peggy Goldman

June 19, 2019

An interesting stock that came up in some of our conversations today is Superior Energy Services, Inc. (NYSE:SPN). At current price of $1.51, the shares have already added 0.05 points (3.77% higher) from its previous close of $1.46. Should you buy or avoid them? The stock sets an active trading volume day with a reported 1173439 contracts so far this session. SPN shares had a relatively better volume day versus average trading capacity of 3.45 million shares, but with a 0.15 billion float and a -10.43% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for SPN stock indicates that the average analyst price target is $4.84 per share. This means the stock has a potential increase of 220.53% from where the SPN share price has been trading recently which is between $1.405 and $1.6. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $2.

The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Is Superior Energy Services, Inc. (SPN) A Good Stock To Buy?” and dated June 18, 2019.

During the recent trading session for Superior Energy Services, Inc. (NYSE:SPN), the company witnessed their stock rise $0.13 over a week and tumble down $-0.82 from the price 20 days ago. When compared to their established 52-week high of $11.14, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 03/10/18. The recent low of $1.23 stood for a -86.4% since 06/17/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 2.49 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.

Looking at the current readings for Superior Energy Services, Inc., the two-week RSI stands at 31. This figure suggests that SPN stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current SPN readings is similarly very revealing as it has a stochastic reading of 30.92% at this stage. This figure means that SPN share price today is being neutral.

Technical chart claims that Superior Energy Services, Inc. (SPN) would settle between $1.57/share to $1.68/share level. However, if the stock price goes below the $1.38 mark, then the market for Superior Energy Services, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $1.29 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.02. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.

Analysts at JP Morgan raised their recommendation on shares of SPN from Underweight to Neutral in their opinion released on June 04. Barclays analysts have lowered their rating of Superior Energy Services, Inc. (NYSE:SPN) stock from Equal Weight to Underweight in a separate flash note issued to investors on May 20. Analysts at Gabelli & Co lowered the stock to a Hold call from its previous Buy recommendation, in a research note that dated back to April 25.

SPN equity has an average rating of 2.78, with the figure leaning towards a bullish end. 23 analysts who tracked the company were contacted by Reuters. Amongst them, 14 rated the stock as a hold while the remaining 9 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 6 analysts rated Superior Energy Services, Inc. (NYSE:SPN) as a buy or a strong buy while 3 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.

Moving on, SPN stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/S ratio is 0.99 while for the average stock in the same group, the multiple is 2.28.

Superior Energy Services, Inc. (SPN)’s current-quarter revenues are projected to climb by nearly -12.52% to hit $468490, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over -9.79% from $2.13 billion to a noteworthy $1.92 billion. At the other end of the current quarter income statement, Superior Energy Services, Inc. is expected to see its adjusted earnings surge by roughly -37.5% to hit $-0.22 per share. For the fiscal year, SPN’s earnings are projected to climb by roughly 6.67% to hit $-0.84 per share.>

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