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   Gold/Mining/EnergyBig Dog's Boom Boom Room


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To: IC720 who wrote (199298)6/17/2019 8:51:28 AM
From: E_K_S
1 Recommendation   of 199579
 
One of my investment themes is an AG basket of stocks. Been buying CTVA the AG spin off from DOW. Probably the best pure play I have found (for value & growth) in the AG sector. I also have a few mico caps that develop seeds using new genetic technologies (Crisper) including SANW (have an alfalfa, Corn, Sunflower,Sorghum) and RKDA (Arcadia Biosciences). Both companies develop seed varieties that are draught tolerant and water salt tolerant so can be used in places w/ marginal production.

These small companies lose money and it takes a lot of money to get a new variety into production. You got to feed the world and these hybrid seeds can increase production and be used on marginal soils. RKDA has ties to UCD (University CA Davis one of the best AG schools in the US) and are developing some 'hemp' varieties and testing those strains in Hawaii. Their hemp improves the soil and other than POT, there are many other uses for hemp (fibres/oil) and it grows like a weed (3 harvest in a year). Animals can eat the siliage and then the fibre left over is used to make fibre (rope, cloth etc).

Keep your eye on India too. Not only are soy beans a big crop but I suspect peas (green & yellow) now being used to make the BYND meat product. These are grown all over the world but India have been growing these legumes for hundreds of years (lentils). Very high in protein.

Feeding your population will trump politics IMO. The US has the technology in seed development to share w/ the world.

Good Investing

EKS

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To: E_K_S who wrote (199300)6/17/2019 8:58:52 AM
From: IC720
2 Recommendations   of 199579
 
You may follow M. Armstrong...

post this today..

"The Fall Army Worm (FAW; Spodoptera frugiperda) is a crop-eating pest that was first detected in China back in January 2019. It has now spread across China’s southern border and currently impacts about 8,500 hectares (127,000 mu) of grain production in Yunnan, Guangxi, Guangdong, Guizhou, Hunan, and Hainan provinces. Officially, Chinese authorities have employed an emergency action plan to monitor and respond to the pest."

armstrongeconomics.com

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To: John Koligman who wrote (199297)6/17/2019 9:09:25 AM
From: E_K_S
   of 199579
 
That is a very interesting article. I had an investment a few years ago in a company that developed driverless tractors. The concept was good but it never really scaled. All the driverless software is controlled by the manufacturer (ie Deere) in a closed system and the company I invested in was using an 'open' platform.

Farmers still have to pay Deere on every software update. They do have some very sophisticated systems that help the farmer monitor what/where they plant in their field, apply fertilizer based on soil type/seed variety, measure/track yield during harvest and many other integrated devices (use of drones and satellite) field data.

This data is now being shared w/ farmers and it is just a matter of time before these systems become more 'open' and smart. There is even a Farm COOP (I track on Youtube in MN)) that is helping their members buy seed directly from the manufacturer and through their consortium may/could help expand/integrate these needed farm services (as a group). There is lots of farm data generated that can be fed into AI programs.

Therefore at some point this 'closed' software system that Deere controls, must open up and that will scale.

Still in the early stages of development, similar to where the PC was in the 90's.

This is true for many sectors but mining and AG seem to be the early adopters.

EKS

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To: E_K_S who wrote (199302)6/17/2019 12:37:59 PM
From: JimisJim
   of 199579
 
My cousin is a John Deere dealer on the side (very rural area) and he's got several "machines" that are all but driverless -- he has someone in them at all times just in case. They are all about GPS signals and Dept. of Ag satellites... literally, my cousin or his "employees" sit and listen to music in air conditioned cabs while the "machine" (they are all specialized now, and fewer plain old tractors are sold now except to the very small farmers) just does it's thing... also gets continuous instant feedback down to the square foot when going over a field spraying fertilizers or herbicides and the computers adjust how much is applied every square foot -- something people were unable to do -- I know some who tried.

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To: JimisJim who wrote (199303)6/17/2019 12:51:10 PM
From: John Koligman
1 Recommendation   of 199579
 
Here ya go, watching Netflix while plowing <ggg>... The farmer cracked me up when he said 'you want an unlimited data plan'..

Farmers Plow Through Netflix While Plowing FieldsLong days of planting are also good for binge-watching ‘The Office’ from comfy tractor cabs

Farmer Aaron Newell in the cab of his tractor on his farm near Fort Dodge, Iowa. RACHEL MUMMEY FOR THE WALL STREET JOURNAL

By
Jacob Bunge

May 10, 2019 1:13 p.m. ET

After kissing his three children good-night this spring, Aaron Newell settled in to binge-watch the “Avengers” movies ahead of the franchise’s new theater release, “Avengers: Endgame.”

Mr. Newell’s home theater—equipped with a stereo sound system and an ergonomically designed chair—sits inside a five-by-five foot soundproofed cab above roughly 30,000 pounds of rumbling machinery, crawling over fields on massive caterpillar tracks.


Best seat in the house

For rural Midwesterners like Mr. Newell, springtime now means two things: Netflix and farm.

“People think I’m crazy, but I look forward to it,” Mr. Newell, 35, said of planting-season hours on his farm that can begin before dawn and stretch past midnight.

Mr. Newell, who plowed through all six seasons of Netflix’s “House of Cards” while tilling his fields near Callender, Iowa, last fall, said he would farm with or without modern conveniences. But glancing over at “The Wolf of Wall Street” or the “Star Wars” series on a cabin-mounted iPad makes long days go by faster, he said. “If it was dead silence for 12 to 13 hours, that might be a different issue.”

Thanks to GPS-enabled guidance systems and high-speed planters, U.S. farmers can plant and harvest fields faster than ever before, often with minimal human involvement. Self-steering tractors and combines free farmers to monitor seeding rates, haggle on the phone over crop sales, watch the weather—and get bored.

Expanding cellular signal coverage and streaming video apps have helped some farmers to convert these mobile offices into after-hours living rooms on wheels, complete with climate control, leather upholstery and built-in refrigerators. In recent years, massage seats have become available.

“I love farming, but when you’re going back and forth on 200 to 300 acres, that’s a lot of going back and forth with not a lot of change of scenery,” said Matt Barnard, 40, who raises corn and soybeans near Foosland, Ill.

With a limited window to sow the year’s crop and thousands of acres to cover, 18-hour days are the springtime norm for many farmers. Moving at 6 to 10 miles an hour, 10 minutes can pass on a big field before farmers have to take the wheel to make a turn.

Mr. Barnard, who last year watched eight seasons of “Shameless,” said he didn’t have a Netflix subscription until he started farming full-time about seven years ago. Since his tractor’s already outfitted with wireless-enabled devices and monitors, he said, “it’s too tempting not to.”


During planting and harvest seasons, farmers can spend 18 hours a day in their tractor and combine cabs. PHOTO:JOHN DEERE

Binge-watching while farming can be tricky. Movies and shows with complex plotlines get hard to follow when farmers have to hit pause to yank out a rock from the soil or refill a planter with seed. Since modern farm machinery often uploads several gigs’ worth of data on seeding and soil conditions to remote servers a day, heavy Hulu and Netflix use can seriously swell farmers’ data bills.

“You want an unlimited data plan,” Mr. Barnard said.

Cinephile farmers acknowledge that their pastime skews toward a younger, more tech-savvy farmer. But they reject the idea that they’re soft. While auto-steering machinery and high-tech planting equipment let them take their hands off the wheel and avoid spending half the day twisting to peer out the rear window, they say they work long hours for weeks at a stretch and do plenty of multitasking from the tractor seat.

Paul Butler, 52, regularly texts and video chats with land owners and farmer friends while he farms corn and soybeans near Macon, Ill. Beyond his farm, he also works as a software development manager, and sometimes joins videoconferences from the field. As the hours wear on, and the weather radio updates become repetitive, Mr. Butler will turn on comedies like Netflix’s “Santa Clarita Diet,” about a real-estate agent who turns into a zombie.

“Looking away for 30 seconds or a minute [in a field] is not like driving down the road, you’re not going to get in an accident,” he said. “Distracted farming is pretty common.”


Paul Butler's screen setup on his tractor. PHOTO: JULIA BUTLER

Tractor and combine manufacturers cater to seatbound farmers, some of whom will pack a half-dozen monitors, tablets and laptops into their cabs to track tractor performance, seeding rates, and field conditions. New models sport multiple power and USB outlets, plus vibration-deadening seats that smooth the ride across bumpy fields. The latest tractors can cost $250,000 or more, while combines can fetch $500,000 and up.

“We have worked very hard to make sure that comfort isn’t a reason a farmer has to stop,” said Deere & Co.’s Deanna Kovar, who oversees operator stations for the tractor maker. But farmers dream of more.

Ms. Kovar said some farmers have requested in-cab microwaves to heat their lunch. Eric Jacobsthal, industrial design manager for farm-equipment company CNH Industrial, said he’s seen coffee makers plugged into in-cab outlets.

Some tractor makers warn farmers against kicking back too much. “We encourage our customers to operate our vehicles in a safe manner, and use our products in a manner that is not distracted and keep their focus on the field in front of them,” said a spokeswoman for Agco Corp., a Georgia-based farm machinery company.

Cory Ritter sometimes puts on “The Office” or “The West Wing” as he farms near Blue Mound, Ill. Often, though, he breaks the monotony of staring at his own fields by watching other farmers tend theirs, via live feeds on Facebook or videos posted to YouTube.

“I want to know how planting progress is going, is their crop under stress, is it looking good,” said Mr. Ritter, 38. Sometimes he watches South American farmers’ feeds to get a read on rival crops, and out of curiosity he browses videos of farmers in far-off places raising rice and potatoes.

The streaming video revolution hasn’t swept every farm.

Don Loeslie, 80, said he was 9 years old when his dad got him started driving a combine on the family’s northwestern Minnesota farm. For decades, Mr. Loeslie said, he was too busy steering and checking the planter behind the tractor to get bored—though when he got his first in-tractor radio about 50 years ago, “we thought we died and went to heaven.”

Since then, Mr. Loeslie said he has come to appreciate self-steering tractors, which use satellite-assisted guidance systems to avoid overlap when planting and spraying crops, helping farmers save money. But he has yet to put on any movies or TV shows.

“I’m still a radio guy,” said Mr. Loeslie, whose tastes lean toward 1950s-era oldies and news. “Sometimes, surprisingly, I just shut it off.”


Aaron Newell’s tricked out tractor. PHOTO: RACHEL MUMMEY FOR THE WALL STREET JOURNAL

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To: IC720 who wrote (199298)6/17/2019 12:52:45 PM
From: rsroberto
   of 199579
 
if in china the coming food crisis is like the article tells, the price of oil will go down.

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To: John Koligman who wrote (199304)6/17/2019 9:17:47 PM
From: JimisJim
   of 199579
 
Yup... what you don't want to ask or even know is how many of those machines are "manned" by kids and or drunks and opioid addicts... <g/ng>

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From: Black Blade6/19/2019 11:57:00 AM
   of 199579
 
Summary of Weekly Petroleum Data for the week ending June 14, 2019
...............................................................................................................................


U.S. crude oil refinery inputs averaged 17.3 million barrels per day during the week ending June 14, 2019, which was 200,000 barrels per day more than the previous week’s average. Refineries operated at 93.9% of their operable capacity last week. Gasoline production increased last week, averaging 10.4 million barrels per day. Distillate fuel production increased last week, averaging 5.4 million barrels per day.

U.S. crude oil imports averaged 7.5 million barrels per day last week, down by 144,000 barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 7.5 million barrels per day, 7.6% less than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 837,000 barrels per day, and distillate fuel imports averaged 165,000 barrels per day.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.1 million barrels from the previous week. At 482.4 million barrels, U.S. crude oil inventories are about 7% above the five year average for this time of year. Total motor gasoline inventories decreased by 1.7 million barrels last week and are about 1% above the five year average for this time of year. Finished gasoline and blending components inventories both decreased last week. Distillate fuel inventories decreased by 0.6 million barrels last week and are about 5% below the five year average for this time of year. Propane/propylene inventories increased by 3.3 million barrels last week and are about 16% above the five year average for this time of year. Total commercial petroleum inventories decreased last week by 0.4 million barrels last week.

Total products supplied over the last four-week period averaged 20.7 million barrels per day, up by 1.8% from the same period last year. Over the past four weeks, motor gasoline product supplied averaged 9.7 million barrels per day, up by 2.0% from the same period last year. Distillate fuel product supplied averaged 4.0 million barrels per day over the past four weeks, up by 0.3% from the same period last year. Jet fuel product supplied was up 5.1% compared with the same four-week period last year.


Black Blade (a.k.a. "Dennis Erectus"):

This week's EIA Petroleum Inventory Status Report is SLIGHTLY BULLISH as crude and Total Commercial Petroleum Inventories declined overall. Refinery utilization remains slightly to over 93% while imports of crude Ddeclined slightly. With the traditional "summer driving season" upon us it appears that the usual transportation fuel demand just isn't developing this year. It could be bother nervous consumers and businesses looking to save and watch to see what develops. One side of the political aisle looks and hopes for economic strength to grow while the other side prays, hopes and wishes that the economy would slip into a deep recession in order to retake the White House. Consumers and Businesses are caught in the cross-fire and just want to get as prepared as possible just in case the worst happens. Meanwhile, it appears that the Trade War with China could be cooling off as both the United States and China lose although the US has made it's case in regard to the theft of intellectual property and other grievances. The most interesting and perhaps the most likely disruption to oil supply is that the sanctions on Iran tighten after a few attacks against global tanker traffic in the Straights of Hormuz. This could escalate as the noose tightens around the Mullahs necks in Tehran and the Iranian people look for change and freedom.

As for the "Blade Portfolio" this week we continued to add ET, OXCL, WPG, WSR, T and VZ to the portfolio this week for income. We also began to add residential REITs like APTS and BRG to the portfolio for both income and growth. We also continue to add physical American Silver Eagles with our "dollar-cost-averaging" strategy. We also added, sold and bought and sold and bought Etherium Classic (ETC), Litecoin (ltc) and Ripple (XRP) adding more gains to our Coinbase and Robinhood accounts.

As always, get out of debt and stay out of debt, accumulate physical Silver and Gold bullion as "portfolio insurance", and stockpile supplies of long term nonperishable foods and basic necessities into storage. After all we do "live in interesting times".

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From: Black Blade6/19/2019 12:07:00 PM
   of 199579
 
WTI Spikes After Bigger Than Expected Crude Draw

.....................................................................................................................................................................

WTI is modestly lower overnight, back below $54, after a 'meh' inventory report from API following the oil market's best day in 5 months. This slide comes despite Saudi Arabia, Iraq, and the U.A.E. all agreeing they want to keep restraining production in a bid to buttress crude amid signs of faltering demand.

As Bloomberg notes, however, investors will focus on refinery consumption and imports for their impact on total supply.

“Historical data indicates another rise in utilization; shipping data indicates imports at best remaining unchanged,” says Thomas Finlon, director of Energy Analytics Group Ltd in Wellington, Florida. “This should result in a drawdown in crude inventories"

API
  • Crude -812k (-1.75mm exp)

  • Cushing +520k (+30k exp)

  • Gasoline +1.46mm (+900k exp)

  • Distillates -50k (+700k exp)

DOE

  • Crude -3.106mm (-1.75mm exp)

  • Cushing +642k (+30k exp)

  • Gasoline -1.692mm (+900k exp)

  • Distillates -551k (+700k exp)

After two weeks of surprisingly large crude builds, expectations (and API confirmed) were for a modest draw but DOE data surprised with the largest crude draw in six weeks...



With the ongoing slide in rig counts, expectations continue to view production levels declining over the next few months and they did for the second week in a row...



On the price action side, WTI broke above its 5-, 8-, and 13-DMAs yesterday, testing towards 21DMA resistance, before it started to fade overnight.



WTI hovered around $53.70 ahead of today's inventory data but spiked to overnight highs after the surprise inventory draw...


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From: isopatch6/19/2019 2:37:34 PM
   of 199579
 
No positions long or short.

<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.>

findanews.com

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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