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Zacks News
3 Oil Stocks to Gain Traction From Crude Trading Above $50
by Nilanjan Banerjee
With lower cost structures, oil majors are now in a better position as oil price recovers considerably. Energy players that are well poised to grow are COP, PXD and CVX.
Energy M&A: 5 Biggest Deals of 2020 & the Outlook for 2021
by Nilanjan Choudhury
Big energy companies, such as Chevron (CVX), Pioneer Natural (PXD), ConocoPhillips (COP), Cenovus Energy (CVE) and Devon Energy (DVN) recently acquired smaller firms with attractive asset bases.
3 Reasons Growth Investors Will Love Concho Resources (CXO)
by Zacks Equity Research
Concho Resources (CXO) could produce exceptional returns because of its solid growth attributes.
OPEC+ Decides to Hike Production, Bullish on Oil Recovery
by Nilanjan Banerjee
With several vaccines in development seeing success, the outlook for the overall energy market is getting brighter. EOG, SLB, MTDR & CXO are thus well poised to gain.
ConocoPhillips (COP) to Sack 25% Houston Workers by Early 2021
by Zacks Equity Research
ConocoPhillips (COP) plans to lay off 500 or more of its Houston employees after the acquisition of Concho Resources at the beginning of 2021.
Permian Producers in Focus as Crude Price Picks Up
by Nilanjan Banerjee
Improving oil prices are definitely a boon for Permian explorers like Devon (DVN), Diamondback (FANG), Concho (CXO) and Matador (MTDR).
Stock Market News for Oct 28, 2020
by Zacks Equity Research
Wall Street closed mostly lower on Tuesday owing to a record-high resurgence of coronavirus in the United States and Europe.
Concho (CXO) Q3 Earnings Beat Estimates, Revenues Miss Mark
by Zacks Equity Research
As part of its strategic moves to reduce costs and boost margins, Concho (CXO) succeeds in trimming its controllable expenses by 27% year over year to $7.06 per Boe in Q3.
4 Oil & Gas Earnings to Watch on Oct 29: COG, DVN, COP & NFE
by Nilanjan Choudhury
Given the dull year-over-year backdrop, four energy players - Cabot (COG), Devon Energy (DVN), ConocoPhillips (COP) and New Fortress Energy (NFE) - are set to report their third-quarter results on Oct 29.
Concho Resources (CXO) Q3 Earnings Top Estimates
by Zacks Equity Research
Concho Resources (CXO) delivered earnings and revenue surprises of 25.44% and -10.01%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?
Shell (RDS.A) Gears Up for Q3 Earnings: What's in Store?
by Zacks Equity Research
Shell's (RDS.A) Q3 upstream production is estimated between 2,150 and 2,250 thousand barrels of oil equivalent per day (boe/d) after considering the impact of hurricanes in the Gulf of Mexico.
Cenovus (CVE) & Husky Deal to Create C$1.2B Annual Synergies
by Zacks Equity Research
Cenovus Energy (CVE) is the third-largest hydrocarbon producer in Canada and its deal with Husky Energy is likely to enable it to decrease its output difference with the top two producers.
Is a Beat Likely for Concho Resources (CXO) in Q3 Earnings?
by Zacks Equity Research
In the last-reported quarter, Concho Resources (CXO) beat the consensus mark due to better-than-expected daily production volumes.
The Zacks Analyst Blog Highlights: Pioneer Natural, ConocoPhillips, Concho, Devon and Chevron
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Pioneer Natural, ConocoPhillips, Concho, Devon and Chevron
What's Behind the Recent Frenzy of U.S. Energy M&A Deals?
by Nilanjan Choudhury
Big energy companies, such as Chevron (CVX), Pioneer Natural (PXD), ConocoPhillips (COP) and Devon Energy (DVN) have all recently acquired smaller firms with attractive asset bases.
Shale Mergers Strengthening: ETFs to Benefit
by Sanghamitra Saha
The energy space has warmed up to solid deal activities with the U.s. shale industry announcing back-to-back merger deals.
Concho Resources (CXO) Reports Next Week: Wall Street Expects Earnings Growth
by Zacks Equity Research
Concho Resources (CXO) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Is a Beat Likely for National Oilwell (NOV) in Q3 Earnings?
by Zacks Equity Research
National Oilwell's (NOV) backlog orders in the Completion & Production Solutions segment might have contracted in Q3 amid the pandemic, lowering crude price as well as drilling rig activities.
M&A ETF (MNA) Hits New 52-Week High
by Sweta Killa
This M&A ETF hits a new 52-week high. Are more gains in store for this ETF?
Oil & Gas Stock Roundup: ConocoPhillips' Acquisition, Schlumberger & Halliburton's Q3 & More
by Nilanjan Choudhury
The headline came from ConocoPhillips' (COP) $9.7 billion acquisition of Concho Resources (CXO). Meanwhile, oilfield service majors Schlumberger (SLB) and Halliburton (HAL) reported Q3 results.
What's in the Cards For Patterson-UTI (PTEN) in Q3 Earnings?
by Zacks Equity Research
Patterson-UTI's (PTEN) Contract Drilling and Pressure Pumping segments are likely to have underperformed in the third quarter.
What's in Store for Core Laboratories (CLB) in Q3 Earnings?
by Zacks Equity Research
Core Laboratories' (CLB) Production Enhancement unit is expected to have incurred operating loss in Q3, same as the previous quarter.
Energy ETFs Set to Soar as ConocoPhillips Acquires Concho
by Sweta Killa
ConocoPhillips has agreed to buy U.S. shale oil producer Concho Resources for $9.7 billion in an all-stock deal.
Conoco-Concho Merge: ETFs in Focus on 2020's Top Shale Deal
by Sanghamitra Saha
ConocoPhillips (COP) has announced that it will purchase Permian-focused shale oil driller Concho Resources (CXO) for $9.7 billion.
ConocoPhillips Confirms $9.7B Acquisition Deal With Concho
by Zacks Equity Research
Apart from the all-stock nature of the transaction, another important point that is making most analysts favor the deal is the low debt levels of both ConocoPhillips (COP) and Concho (CXO).