Braskem http://www.so-l.ru/tags/show/braskem Sun, 29 Mar 2020 14:28:05 +0300 <![CDATA[Braskem S.A. reports Q4 results]]> http://www.so-l.ru/news/y/2018_03_29_braskem_s_a_reports_q4_results Thu, 29 Mar 2018 12:55:24 +0300 <![CDATA[3 Reasons To Like LyondellBasell's $2.25B Acquisition Of A. Schulman]]> http://www.so-l.ru/news/y/2018_02_16_3_reasons_to_like_lyondellbasell_apos_s Fri, 16 Feb 2018 18:33:00 +0300 <![CDATA[Braskem S.A. goes ex-dividend tomorrow]]> http://www.so-l.ru/news/y/2017_12_07_braskem_s_a_goes_ex_dividend_tomorrow Thu, 07 Dec 2017 14:55:05 +0300 <![CDATA[Is Braskem S.A. (BAK) a Great Stock for Value Investors?]]> Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value?

One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. Let’s put Braskem S.A. BAK stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks:

PE Ratio

A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This shows us how much investors are willing to pay for each dollar of earnings in a given stock, and is easily one of the most popular financial ratios in the world. The best use of the PE ratio is to compare the stock’s current PE ratio with: a) where this ratio has been in the past; b) how it compares to the average for the industry/sector; and c) how it compares to the market as a whole.

On this front, Braskem S.A. has a trailing twelve months PE ratio of 10.9, as you can see in the chart below:

This level actually compares pretty favorably with the market at large, as the PE for the S&P 500 compares in at about 21.1. If we focus on the stock’s long-term PE trend, the current level puts Braskem S.A.’s current PE ratio somewhat above its midpoint (which is 7.7) over the past three years.

Further, the stock’s PE also compares favorably with the industry’s trailing twelve months PE ratio, which stands at 22.3. At the very least, this indicates that the stock is relatively undervalued right now, compared to its peers.

We should also point out that Braskem S.A. has a forward PE ratio (price relative to this year’s earnings) of just 10.1, so it is fair to say that a slightly more value-oriented path may be ahead for Braskem S.A.’s stock in the near term too.   

P/S Ratio

Another key metric to note is the Price/Sales ratio. This approach compares a given stock’s price to its total sales, where a lower reading is generally considered better. Some people like this metric more than other value-focused ones because it looks at sales, something that is far harder to manipulate with accounting tricks than earnings.

Right now, Braskem S.A. has a P/S ratio of about 0.7. This is substantially lower than the S&P 500 average, which comes in at 3.4 right now. Also, as we can see in the chart below, this is somewhat below the highs for this stock in particular over the past few years.

If anything, this suggests some level of undervalued trading—at least compared to historical norms.

Broad Value Outlook

In aggregate, Braskem S.A. currently has a Value Style Score of A, putting it into the top 20% of all stocks we cover from this look. This makes BAK a solid choice for value investors.

What About the Stock Overall?

Though Braskem S.A. might be a good choice for value investors, there are plenty of other factors to consider before investing in this name. In particular, it is worth noting that the company has a Growth grade of A and a Momentum score of D. This gives BAK a VGM score—or its overarching fundamental grade—of A. (You can read more about the Zacks Style Scores here >>)

Meanwhile, the company’s recent earnings estimates have been encouraging. The current quarter has seen one estimate go higher in the past thirty days, compared to none lower, while the full year estimate has seen a similar trend in the same time period.

This has had a favorable impact on the consensus estimate, as the current quarter consensus estimate has surged about 32.8% in the past one month, while the full year estimate has risen about 4.8%. You can see the consensus estimate trend and recent price action for the stock in the chart below:

Braskem S.A. Price and Consensus

 

Braskem S.A. Price and Consensus | Braskem S.A. Quote

The stock holds a Zacks Rank #3 (Hold), which indicates expectations of in-line performance from the company in the near term. However, Braskem S.A. is enjoying bullish analyst sentiment, as indicated by the positive estimate revisions, and this works in the company’s favor.  

Bottom Line

Braskem S.A. is an inspired choice for value investors, as it is hard to beat its incredible lineup of statistics on this front. Moreover, a good industry rank (top 12% out of more than 250 industries) further supports the growth potential of the stock. However, with a Zacks Rank #3, it is hard to get too excited about this company overall. In fact, over the past one year, the sector has clearly underperformed the broader market, as you can see below:

Despite positive estimate revision activity, investors should wait for industry trends to turn around first.  When it does, this stock could be a compelling value pick.

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http://www.so-l.ru/news/y/2017_12_04_is_braskem_s_a_bak_a_great_stock_for Mon, 04 Dec 2017 17:45:00 +0300
<![CDATA[Braskem (BAK): Strong Industry, Solid Earnings Estimate Revisions]]> One stock that might be an intriguing choice for investors right now is Braskem S.A. BAK. This is because this security in the Oil and Gas - Integrated - International space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Oil and Gas - Integrated - International space as it currently has a Zacks Industry Rank of 33 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Braskem is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

Braskem S.A. Price and Consensus

In fact, over the past month, current quarter estimates have risen from 61 cents per share to 81 cents per share, while current year estimates have risen from $3.15 per share to $3.30 per share. The company currently carries a Zacks Rank #3 (Hold), which is also a favorable signal. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

So, if you are looking for a decent pick in a strong industry, consider Braskem. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

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Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.

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http://www.so-l.ru/news/y/2017_12_04_braskem_bak_strong_industry_solid_ea Mon, 04 Dec 2017 16:38:00 +0300
<![CDATA[New Strong Buy Stocks for November 28th]]> Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:

Braskem SA (BAK): This company that produces thermoplastic resins has seen the Zacks Consensus Estimate for its current year earnings increasing 2.3% over the last 60 days.

Braskem S.A. Price and Consensus

 

Braskem S.A. Price and Consensus

Braskem S.A. price-consensus-chart | Braskem S.A. Quote

Emergent Biosolutions Inc (EBS): This life sciences company has seen the Zacks Consensus Estimate for its current year earnings increasing 11.6% over the last 60 days.

Emergent Biosolutions, Inc. Price and Consensus

 

Emergent Biosolutions, Inc. Price and Consensus

Emergent Biosolutions, Inc. price-consensus-chart | Emergent Biosolutions, Inc. Quote

Methode Electronics Inc. (MEI): This manufacturer of component and subsystem devices has seen the Zacks Consensus Estimate for its current year earnings increasing 2.4% over the last 60 days.

POSCO (PKX): This company that engages in the manufacture and distribution of steel products has seen the Zacks Consensus Estimate for its current year earnings increasing 8.4% over the last 60 days.

POSCO Price and Consensus

 

POSCO Price and Consensus

POSCO price-consensus-chart | POSCO Quote

Sucampo Pharmaceuticals, Inc. (SCMP): This biopharmaceutical company has seen the Zacks Consensus Estimate for its current year earnings increasing 10.9% over the last 60 days.

Sucampo Pharmaceuticals, Inc. Price and Consensus

 

Sucampo Pharmaceuticals, Inc. Price and Consensus

Sucampo Pharmaceuticals, Inc. price-consensus-chart | Sucampo Pharmaceuticals, Inc. Quote

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here

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Emergent Biosolutions, Inc. (EBS): Free Stock Analysis Report
 
Braskem S.A. (BAK): Free Stock Analysis Report
 
To read this article on Zacks.com click here.]]>
http://www.so-l.ru/news/y/2017_11_28_new_strong_buy_stocks_for_november_28th Tue, 28 Nov 2017 14:37:00 +0300
<![CDATA[New Strong Buy Stocks for November 24th]]> Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:

MCBC Holdings, Inc. (MCFT): This company that manufactures recreational sport boats has seen the Zacks Consensus Estimate for its current year earnings increasing 11% over the last 60 days.

ZAGG Inc (ZAGG): This manufacturer of mobile tech accessories has seen the Zacks Consensus Estimate for its current year earnings increasing 17.6% over the last 60 days.

ZAGG Inc Price and Consensus

 

ZAGG Inc Price and Consensus

ZAGG Inc price-consensus-chart | ZAGG Inc Quote

Braskem S.A. (BAK): This producer and seller of thermoplastic resins has seen the Zacks Consensus Estimate for its current year earnings increasing 5.7% over the last 60 days.

Braskem S.A. Price and Consensus

 

Braskem S.A. Price and Consensus

Braskem S.A. price-consensus-chart | Braskem S.A. Quote

Cummins Inc. (CMI): This manufacturer of diesel and natural gas engines has seen the Zacks Consensus Estimate for its current year earnings increasing 4.6% over the last 60 days.

Cummins Inc. Price and Consensus

 

Cummins Inc. Price and Consensus

Cummins Inc. price-consensus-chart | Cummins Inc. Quote

KB Home (KBH): This homebuilding company has seen the Zacks Consensus Estimate for its current year earnings increasing 4.7% over the last 60 days.

KB Home Price and Consensus

 

KB Home Price and Consensus

KB Home price-consensus-chart | KB Home Quote

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here

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Zacks Investment Research]]>
http://www.so-l.ru/news/y/2017_11_24_new_strong_buy_stocks_for_november_24th Fri, 24 Nov 2017 16:43:00 +0300
<![CDATA[Continental Resources to Sell Second Consignment of Bakken]]> Continental Resources, Inc. CLR has announced the sale of second international consignment of Bakken crude oil.

The exploration and production company proposes to sell 430,000 barrels of oil for January delivery to international markets. The transaction is expected to take place in Cushing, OK.

This news closely follows the company’s announcement for the sale of 1,005,000 barrels of Bakken crude oil to Atlantic Trading and Marketing, in October. This oil was planned for export to China.

The lifting of the 1977 crude oil export ban in December 2015 helped the industry to pursue energy export, which has grown rapidly since then. Continental Resources believes that stable production of oil in the United States and higher export will drive inventories. The company believes that this will correct the disparity between Brent and WTI prices. Contemporary improved transportation mode for crude will also help to open the international market for Continental Resources' light sweet oil.

About the Company

Continental Resources is a crude-oil concentrated, independent oil and natural gas exploration and production company with operations in the Rocky Mountain, Mid-Continent and Gulf Coast regions of the United States. The company focuses on large new and developing plays where horizontal drilling, advanced fracture stimulation and enhanced recovery technologies provide the means to economically develop and produce oil and natural gas reserves from unconventional formations.

Price Performance

The company’s shares have returned 8.9% as against the industry’s decline of 5% in the past six months.

Zacks Rank & Key Picks

Continental Resources currently carries a Zacks Rank #3 (Hold). A few better-ranked players in the energy sector include Braskem SA BAK, ConocoPhillips COP and Northern Oil and Gas Inc NOG. All these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The largest petrochemical operator in Latin America, Braskem, delivered a positive earnings surprise of 25.49% in the preceding quarter.

ConocoPhillips, based in Houston, TX, is a major global exploration and production (E&P) company. It delivered an average positive earnings surprise of 152.34% in the last four quarters.

Northern Oil and Gas, based in Minnetonka, MN, is an independent energy company. The company delivered an average earnings surprise of 175.00% in the last four quarters.

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Braskem S.A. (BAK): Free Stock Analysis Report
 
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Continental Resources, Inc. (CLR): Free Stock Analysis Report
 
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To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://www.so-l.ru/news/y/2017_11_20_continental_resources_to_sell_second_con Mon, 20 Nov 2017 17:31:00 +0300
<![CDATA[New Strong Buy Stocks for November 20th]]> Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List for Monday

Artisan Partners Asset Management Inc. (APAM): This publicly owned investment manager has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.1% over the last 60 days.

Braskem S.A. (BAK): This producer and seller of thermoplastic resins has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.7% over the last 60 days.

Braskem S.A. Price and Consensus

 

Braskem S.A. Price and Consensus | Braskem S.A. Quote

Century Casinos, Inc. (CNTY): This casino entertainment company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.8% over the last 60 days.

Century Casinos, Inc. Price and Consensus

 

Century Casinos, Inc. Price and Consensus | Century Casinos, Inc. Quote

Stifel Financial Corp. (SF): This financial services and bank holding company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.4% over the last 60 days.

Tata Motors Limited (TTM): This manufacturer of a range of automotive vehicles has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.8% over the last 60 days.

Tata Motors Ltd Price and Consensus

 

Tata Motors Ltd Price and Consensus | Tata Motors Ltd Quote

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here

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Braskem S.A. (BAK): Free Stock Analysis Report
 
Artisan Partners Asset Management Inc. (APAM): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://www.so-l.ru/news/y/2017_11_20_new_strong_buy_stocks_for_november_20th Mon, 20 Nov 2017 17:27:00 +0300
<![CDATA[Statoil (STO) Plans to Boost Exploration Activities in NCS]]> Statoil ASA STO has decided to accelerate oil and gas exploration activities in the Norwegian Continental Shelf (“NCS”) in 2018.

In 2014, when commodity prices started dropping drastically, oil companies had to lower exploration budgets considerably. However, these companies have reinitiated exploration activities. This implies additional work for owners of drilling rigs, such as Transocean Ltd or Seadrill Limited.

Statoil is reviving from the depression and has become one of the most dynamic offshore explorers. The majority-state owned company intends to drill 25 to 30 wells in Norway in 2018. Per the previous plan, Statoil planned to drill 16 to 18 wells in 2017. The number also includes partner-operated wells.

Earlier, the company forwarded a proposal to drill five wells in the Barents Sea in 2018. This area is perceived as an unexplored region offshore Norway.

In 2017, Statoil projected to drill about 30 exploration wells worldwide at a total budget of $1.3 billion. However, the company has not revealed the number for 2018, as a few wells are in the planning stage.

In 2016, Statoil drilled a total of 23 exploration wells as operator and partner, including 14 offshore Norway.

Statoil’s endeavors to improve resource recovery in mature fields are commendable. The company has operations in all major hydrocarbon-producing regions of the world, with an emphasis on the NCS. We believe that the commpany is well positioned to sustain steady production growth in the next few years on the back of a large resource base at NCS. Its expertise in operating in this region will enable the company to achieve targets.

Price Performance

The company’s shares have returned 9.1% compared with the industry’s rally of 4.8% in the past six months.



 

Zacks Rank & Other Key Picks

Statoil currently carries a Zacks Rank #2 (Buy). Other top-ranked players in the energy sector include Braskem SA BAK, ConocoPhillips COP and Northern Oil and Gas Inc NOG. All these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks Rank #1 stocks here.

The largest petrochemical operator in Latin America, Braskem, delivered a positive earnings surprise of 25.49% in the preceding quarter.

ConocoPhillips, based in Houston, TX, is a major global exploration and production (E&P) company. It posted an average positive earnings surprise of 152.34% in the last four quarters.

Northern Oil and Gas, based in Minnetonka, MN, is an independent energy company. The company delivered an average earnings surprise of 175.00% in the last four quarters.

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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Statoil ASA (STO): Free Stock Analysis Report
 
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Northern Oil and Gas, Inc. (NOG): Free Stock Analysis Report
 
ConocoPhillips (COP): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://www.so-l.ru/news/y/2017_11_20_statoil_sto_plans_to_boost_exploration Mon, 20 Nov 2017 15:42:00 +0300
<![CDATA[SCANA's Subsidiary Provides Solutions for Abandoned Plant]]> SCANA Corporation’s SCG principal subsidiary — South Carolina Electric & Gas Company (“SCE&G”) — has announced plans to resolve issues relating to the abandoned V.C. Summer Station nuclear construction project.

These plans are anticipated to reduce costs for customers and drive energy production. Total cost savings for SCE&G customers are estimated at about $4.8 billion. The solutions provided by the plan are listed below.

The first step includes the rollback of residential electric rates back to March 2015 level. This will reduce rates by about $90 million per year, or 3.5%. The monthly bill of a customer using 1,000 kilowatt hours of electricity will be lowered by more than $5.

In the next five decades, SCANA’s shareholders will absorb the net nuclear construction costs through lower earnings. This will lead to savings of about $2.9 billion. The plan also proposes the addition of a 540-megawatt, natural-gas-fired power plant to SCE&G’s system. This is expected to substitute more than 40% of the projected power that was to be provided to SCE&G from the V.C. Summer nuclear construction project. However, acquisition cost will be provided by SCANA’s shareholders. This will result in savings of $680 million, which includes purchase price of $180 million.

A large-scale solar energy of about 100 megawatts will added to SCE&G’s system. This is expected to boost non-rooftop solar capacity by about 50%.

Per the current estimates, if this proposal is implemented, an additional generation source will not be required for several years. This will be an important step to meet the growing needs of South Carolina.

In a separate announcement, SCE&G has stated that it has inked an agreement in principle to acquire a 540-megawatt, combined-cycle, natural-gas-fired power plant from Columbia Energy LLC for $180 million. The company intends to complete the purchase in the upcoming weeks and regulatory approval are expected by 2018.

Price Movement

Over a year, the company’s shares have declined 35.4% as against the industry’s rally of 17.5%.



 

Zacks Rank & Key Picks

SCANA currently carries a Zacks Rank #5 (Strong Sell). A few better-ranked players in the energy sector are Braskem SA BAK, ConocoPhillips COP and Northern Oil and Gas Inc NOG. All these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The largest petrochemical operator in Latin America, Braskem, delivered a positive earnings surprise of 68.54% in the preceding quarter.

ConocoPhillips, based in Houston, TX, is a major global exploration and production (E&P) company. It delivered an average positive earnings surprise of 152.34% in the last four quarters.

Northern Oil and Gas, based in Minnetonka, MN, is an independent energy company. The company delivered a positive earnings surprise of 500.00% in the preceding quarter.

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Scana Corporation (SCG): Free Stock Analysis Report
 
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Northern Oil and Gas, Inc. (NOG): Free Stock Analysis Report
 
ConocoPhillips (COP): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://www.so-l.ru/news/y/2017_11_17_scana_s_subsidiary_provides_solutions_fo Fri, 17 Nov 2017 16:03:00 +0300
<![CDATA[Schlumberger's Operations in Ecuador Face Financial Crunch]]> Schlumberger Limited SLB has stated that Ecuador's government has failed to accede with a payment agreement of $350 million, which was a portion of $850-million debt.

The operations of the largest oilfield service player in the Andean nation is hampered. In November, Ecuador had agreed to discharge its debt with the oil company in tranches but failed to fulfill its obligation. Petroamazonas, a state oil company, was supposed to make the payment.

Earlier, Petroamazonas had paid the debt in installments following a series of postponement. However, it decided to pay the remaining amount in November, from funds raised via issuance of bonds in the international market.

The recent volatility in oil prices has raised liquidity problems for Ecuador. The government is contemplating over various sources to raise funds in order to cover payments to international and local contractors.

Even the analysts are of the view that the delay in the fulfillment of the payment may further complicate Schlumberger’s operations in the region.

Schlumberger is the operator of a consortium in the Shushufindi field. Currently, the field produces 60,400 barrels per day.The company intends to invest about $2 billion from 2018 onwards, in order to boost production.

Investors should know that the company’s lucrative international operations are appreciable. Being the leading provider of technology for complex oilfield projects, Schlumberger is better positioned than most of its peers to undertake new offshore projects in the shallow water basins outside North America.

Price Movement

The company’s shares have declined 2.3% compared with the industry’s rally of 2.3% in the last three months.



Zacks Rank & Other Key Picks

Houston, TX-based Schlumberger currently carries a Zacks Rank #3 (Hold). A few better-ranked players in the energy sector include Braskem SA BAK, ConocoPhillips COP and Northern Oil and Gas Inc NOG. All these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The largest petrochemical operator in Latin America, Braskem, delivered a positive earnings surprise of 68.54% in the preceding quarter.

ConocoPhillips, based in Houston, TX, is a major global exploration and production (E&P) company. It delivered an average positive earnings surprise of 152.34% in the last four quarters.

Northern Oil and Gas, based in Minnetonka, MN, is an independent energy company. The company delivered an earnings surprise of 100.00% in the preceding quarter.

Zacks’ Best Private Investment Ideas

While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.

Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.

Click here for Zacks' private trades >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Schlumberger N.V. (SLB): Free Stock Analysis Report
 
Braskem S.A. (BAK): Free Stock Analysis Report
 
Northern Oil and Gas, Inc. (NOG): Free Stock Analysis Report
 
ConocoPhillips (COP): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://www.so-l.ru/news/y/2017_11_17_schlumberger_s_operations_in_ecuador_fac Fri, 17 Nov 2017 01:24:00 +0300
<![CDATA[Marathon Petroleum Opts for Strategic Dropdown, Gets $8.1B]]>

Oil refining and marketing giant Marathon Petroleum Corporation MPC recently announced that it will sell its fuel distribution services and refining and logistics assets to its midstream subsidiary MPLX LP MPLX for $8.1 billion. The deal is expected to be over by Feb 1, 2018.

Deal Details

Of the $8.1 billion, Marathon Petroleum will receive $4.1 billion in cash. The remaining $4 billion will be in the form of equity of MPLX, comprising 111.6 million common (Limited Partner) units of MPLX along with 2.3 million general partner units, including incentive distribution rights. This will enable Marathon Petroleum to keep 2% general partner interest in its subsidiary.

Per the company, the assets can generate earnings before interest, taxes, depreciation and amortization (EBITDA) of $1 billion per annum. In the third quarter, the company’s Refining and Marketing segment recorded operating income of $1,097 million.

Rationale

While the deal is expected to enrich MPLX's earnings by diversifying it with fee-based stable revenue streams and strengthening the partnership’s distributable cash flow base, Marathon Petroleum is following its strategy of enhancing shareholder value by accelerating dropdowns to MPLX. The increased equity participation in the subsidiary will also help Marathon Petroleum to receive a steady and growing revenue stream.

About Marathon Petroleum

Findlay, OH-based Marathon Petroleum is a leading independent refiner, transporter and marketer of petroleum products. The company, in its current form, came into existence following the 2011 spin-off of Houston, TX-based Marathon Oil Corporation’s refining/sales business into a separate, independent and publicly-traded entity.

Marathon Petroleum's financial flexibility and a strong balance sheet are real assets in this highly unstable economy. As of Sep 30, the company had cash and cash equivalents of $2,088 million and total debt of $12,782 million, with a debt-to-capitalization ratio of 38%.

Importantly, Marathon Petroleum is known for raising dividends since it became a standalone public company in mid-2011. Additionally, it has an active share repurchase program. These highlight the company’s commitment to return more value to shareholders. During the third quarter, Marathon Petroleum returned $654 million of capital to shareholders, including $452 million of share repurchases.

Price Performance

Marathon Petroleum has gained 24.9% year to date compared with 6.6% growth of its industry.

Zacks Rank and Stocks to Consider

Marathon Petroleum has a Zacks Rank #2 (Buy).

Some better-ranked stocks in the oil and energy sector include Braskem S.A. BAK and Denbury Resources Inc. DNR. Both stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Houston, TX-based ConocoPhillips (COP) is a major global exploration and production company. The company’s sales for 2017 are expected to increase 24.4% year over year. The company delivered an average positive earnings surprise of 152.3% in the last four quarters.

Plano, TX-based Denbury Resources is an oil and gas company. The company’s sales for the fourth quarter of 2017 are expected to increase 4.8% year over year. The company delivered an average positive earnings surprise of 125% in the last four quarters.

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MPLX LP (MPLX): Free Stock Analysis Report
 
Denbury Resources Inc. (DNR): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://www.so-l.ru/news/y/2017_11_15_marathon_petroleum_opts_for_strategic_dr Wed, 15 Nov 2017 17:24:00 +0300
<![CDATA[Eni Inks Exploration Agreement for Block 52, Offshore Oman]]> Eni SpA E has inked an Exploration and Production Sharing Agreement (EPSA) with Oman Oil Company Exploration and Production ("OOCEP"), a subsidiary of state company Oman Oil Company SAOC ("OOC"), relating to Block 52.

Block 52 covers an area of about 90,000 square kilometer. It is an unexplored area with immense hydrocarbon potential. The area is located in the southern region of Oman in water depths ranging from 10 to more than 3,000 meters.

Per the EPSA, Eni, through its subsidiary, Eni Oman B.V., will be the operator of the block. The company will hold 85% interest, while its partner OOCEP will hold the remaining stakes. Eni won exploration rights for Block 52 consequent to an international bid round process initiated in October 2016.

Eni also signed an agreement with Qatar Petroleum to farm in the block. Per the agreement, Qatar Petroleum will acquire a stake of 30% in Block 52 from Eni. On completion of this transaction, Eni’s holding will decline to 55%. The other partners — Qatar Petroleum and OOCEP —  will hold 30% and 15%, respectively. The agreement is subject to the approval of the competent authorities of the Sultanate of Oman.

This EPSA relating to Block 52 emphasizes Eni’s aim to strengthen presence in the Middle East. The block’s robust oil and gas production history will add value to the company’s portfolio.

Price Movement

The company’s shares have returned 6.6% compared with the industry’s rally of 11.4% in the last three months.



 

Zacks Rank & Key Picks

Eni currently carries a Zacks Rank #3 (Hold). A few better-ranked players in the energy sector include Braskem SA BAK, ConocoPhillips COP and Northern Oil and Gas Inc NOG. All these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The largest petrochemical operator in Latin America, Braskem, delivered a positive earnings surprise of 68.54% in the preceding quarter.

ConocoPhillips, based in Houston, TX, is a major global exploration and production (E&P) company. It delivered an average positive earnings surprise of 152.34% in the last four quarters.

Northern Oil and Gas, based in Minnetonka, MN, is an independent energy company. The company delivered an earnings surprise of 100.00% in the preceding quarter.

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Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


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ENI S.p.A. (E): Free Stock Analysis Report
 
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Northern Oil and Gas, Inc. (NOG): Free Stock Analysis Report
 
ConocoPhillips (COP): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
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http://www.so-l.ru/news/y/2017_11_15_eni_inks_exploration_agreement_for_block Wed, 15 Nov 2017 16:07:00 +0300
<![CDATA[ExxonMobil in Talks with Ghana Over Exploration Project]]> ExxonMobil Corporation XOM has been presented with an opportunity by Ghana for carrying out deepwater exploration off the country’s coast.

Ghana has initiated talks with the oil giant and negotiations are underway as per current regulations. Per sources, the government had chosen to negotiate directly with ExxonMobil instead of resorting to competitive tendering. Also, regulations relating to open competitive tendering are yet to be passed by the country.

Per a new petroleum law, oil contracts should be awarded through open and competitive tender. However, direct negotiation is also allowed if deemed necessary and reasonable.

In 2015, ExxonMobil inked a Memorandum of Understanding with Ghana relating to the examination of its Deepwater Cape Three Point (DCTP) region. The region was situated 150 kilometers (100 miles) off the coast in water depth ranging between 2,000 and 4,000 meters (6,500 and 13,000 feet). The DCTP represents the second effort by ExxonMobil to purchase oil assets in Ghana. The company’s first attempt was takeover of Kosmos' stake in the flagship Jubilee field in 2009. This attempt was blocked by the government.

Per the government, two firms had separately decided not to explore the field due to its depth and the risk involved. However, ExxonMobil was highly favored by the government because of its expertise and understanding of deepwater operations.

Ghana anticipates oil production to reach about 250,000 barrels per day by 2019. The yield is expected from four oil fields including Jubilee, which currently has a combined average annual output of about 100,000 barrels per day. These transactions will add significantly to ExxonMobil’s assets portfolio.
 
Price Movement

The company’s shares have returned 6% compared with the industry’s rally of 11.6% in the last three months.

 

Zacks Rank & Other Key Picks

ExxonMobil currently carries a Zacks Rank #1 (Strong Buy).

A few other top-ranked players in the energy sector include Braskem SA BAK, ConocoPhillips COP and Northern Oil and Gas Inc. NOG. All these stocks sport a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

The largest petrochemical operator in Latin America, Braskem, delivered a positive earnings surprise of 68.54% in the preceding quarter.

ConocoPhillips, based in Houston, TX, is a major global exploration and production (E&P) company. It delivered an average positive earnings surprise of 152.34% in the last four quarters.

Northern Oil and Gas, based in Minnetonka, MN, is an independent energy company. The company delivered an earnings surprise of 100.00% in the preceding quarter.

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Northern Oil and Gas, Inc. (NOG): Free Stock Analysis Report
 
ConocoPhillips (COP): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://www.so-l.ru/news/y/2017_11_14_exxonmobil_in_talks_with_ghana_over_expl Tue, 14 Nov 2017 23:47:00 +0300
<![CDATA[Statoil (STO) & SembMarine Sign LOI for Barents Sea FPSO]]>

Norway-based integrated oil and gas company Statoil ASA STO recently signed a letter of intent (LOI) with a Singapore-based rig builder, Sembcorp Marine Rigs & Floaters Pte. Ltd or SembMarine, for building hull and integrated living quarters in a floating production, storage and offloading (FPSO) vessel. Per Statoil, the FPSO is expected to be in the Barents Sea's Johan Castberg field, located 240km north-west of its Hammerfest liquefied natural gas plant.

The contract with SembMarine includes engineering, procurement and construction work and is expected to be signed before Christmas. The infrastructure can also be used for future works in multiple fields in the Barents Sea. The contract is valued at $490 million. Statoil conducted international competitive bidding for the contract.

The project is expected to come online in 2022 and generate around 47,000 man-years of employment in Norway during its construction phase starting from 2018. Recoverable resources from the Johan Castberg field – includes oil discoveries in Skrugard, Havis and Drivis located in PL 532 – are estimated to be 450-650 million barrels of oil equivalent.

During the period of 2019-2024, the company plans to drill 30 wells in the field. While Statoil has 50% interest in the project, Italian giant Eni S.p.A. E and Norwegian government-owned Petoro own 30% and 20% interests, respectively.

About the Company

Statoil is one of the world's biggest sellers of crude oil. It is also a major supplier of natural gas in the European market and has substantial industrial operations. The company is one of the world's most environmentally-efficient producers and transporters of oil and gas. It is headquartered in Stavanger, Norway. Though the company has operations in all major hydrocarbon-producing regions of the world, it has an upstream focus on the Norwegian Continental Shelf (NCS).

Due to its strong offshore exposure, Statoil is a leader in subsea production. The company operates in four segments – Development and Production Norway, Development and Production International, Marketing, Midstream and Processing as well as Other.

We applaud the company’s strong cost-control efforts amid weak oil and gas pricing environment. During the third-quarter of 2017, Statoil managed to lower its exploration expenses by 33%. In this quarter, Statoil’s earnings and revenues both improved from the year-ago quarter.

Price Performance

Statoil has gained 13.4% of its value year to date compared with 4.8% growth of its industry.

Zacks Rank and Stocks to Consider

Statoil has a Zacks Rank #2 (Buy).

Some better-ranked stocks in the oil and energy sector include Braskem S.A. BAK and Denbury Resources Inc. DNR. Both stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Braskem’s sales for 2017 are expected to increase 12.1% year over year. The company delivered an average positive earnings surprise of 47% in the last four quarters.

Denbury Resources’ sales for the fourth quarter of 2017 are expected to increase 4.8% year over year. The partnership delivered an average positive earnings surprise of 125% in the last four quarters.

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It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.

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Statoil ASA (STO): Free Stock Analysis Report
 
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Denbury Resources Inc. (DNR): Free Stock Analysis Report
 
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Zacks Investment Research]]>
http://www.so-l.ru/news/y/2017_11_14_statoil_sto_sembmarine_sign_loi_for Tue, 14 Nov 2017 23:26:00 +0300
<![CDATA[Shell (RDS.A) to Offload Woodside Stake for $2.7 Billion]]> Moving ahead with its divestment goals, European oil giant Royal Dutch Shell plc RDS.A is set to vend its entire holding in Australian LNG operator Woodside Petroleum Limited WOPEY. Shell entered into an underwriting agreement with two investment banks to sell 111.8 million shares (representing 13.28% of Woodside’s issued capital) for $2.7 billion. The deal is expected to close by Nov 16.

The Anglo-Dutch giant has been divesting stakes in Woodside for quite some time now. In November 2010, the company sold 10% of the issued capital of Woodside, reducing its holding in the company to 24.27%. In 2014, it sold 78.27 million shares, bringing down its interest in Woodside to over 13%. With the current deal, Shell is set to make an exit from Woodside. However, Shell still remains one of the partners of the joint venture in two LNG projects in Western Australia. It holds 16.7% and 27% interest, respectively in the North West Shelf and Browse Basin projects in the continent. 

The move will help Shell proceed with its $30-billion divestment program, which is aimed at lowering debt arising from the $47-billion acquisition of BG Group. The latest divestment is expected to enhance Shell’s cash flows and return value to shareholders. With Shell already closing more than $25 billion divestment deals, it remains on track to meet its target by 2018. The move is also in line with the company's aim to upgrade and streamline its portfolio.Shell seeks to simplify the operational structure by offloading assets. 

Headquartered in Netherlands, Shell is one of the largest integrated energy companies engaged in production, refining, distribution and marketing of oil and natural gas. The company currently carries a Zacks Rank #3 (Hold). Shares of Shell have rallied 17.5% year to date compared with 4.4% growth of its industry.

 

Some better-ranked players in the same industry are ExxonMobil Corporation XOM and Braskem S.A. BAK. Both these companies sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

ExxonMobil delivered an average positive earnings surprise of 8.81% in the trailing four quarters.

Braskem S.A. delivered an average positive earnings surprise of 47.02% in the trailing four quarters.

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 It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.

And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.

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Braskem S.A. (BAK): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://www.so-l.ru/news/y/2017_11_14_shell_rds_a_to_offload_woodside_stake Tue, 14 Nov 2017 16:13:00 +0300
<![CDATA[New Strong Buy Stocks for November 13th]]> Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List for Monday

Braskem SA (BAK): This company that produces thermoplastic resins has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.7% over the last 60 days.

Braskem S.A. Price and Consensus

 

Braskem S.A. Price and Consensus | Braskem S.A. Quote

PBF Energy Inc (PBF): This independent petroleum refiner has witnessed the Zacks Consensus Estimate for its current year earnings increasing 72.8% over the last 60 days.

PBF Energy Inc. Price and Consensus

 

PBF Energy Inc. Price and Consensus | PBF Energy Inc. Quote

POSCO (PKX): This company engaged in the manufacture and distribution of steel products has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.4% over the last 60 days.

POSCO Price and Consensus

 

POSCO Price and Consensus | POSCO Quote

Zagg Inc (ZAGG): This producer and distributor of professional product solutions for mobile devices has witnessed the Zacks Consensus Estimate for its current year earnings increasing 16.5% over the last 60 days.

ZAGG Inc Price and Consensus

 

ZAGG Inc Price and Consensus | ZAGG Inc Quote

American Public Education, Inc. (APEI): This company that provides online and on-campus postsecondary education has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.9% over the last 60 days.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here

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POSCO (PKX): Free Stock Analysis Report
 
PBF Energy Inc. (PBF): Free Stock Analysis Report
 
Braskem S.A. (BAK): Free Stock Analysis Report
 
American Public Education, Inc. (APEI): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://www.so-l.ru/news/y/2017_11_13_new_strong_buy_stocks_for_november_13th Mon, 13 Nov 2017 18:04:00 +0300
<![CDATA[McDermott (MDR) Secures New EPCI Contract in Arabian Gulf]]> Energy-focused engineering and construction company McDermott International, Inc. MDR recently announced that it has received an engineering, procurement, construction and installation ("EPCI") contract from a customer in the Middle East. The news follows the company's strong third-quarter results, which showed a 72% year-over-year increase in quarterly revenues.

McDermott's customer in the Middle East, possibly Saudi Aramco, has provided the contract for a project in the Safaniya oil field in the Arabian Gulf. Although the financial details of the deal are yet to be announced, the project is expected to be worth $750 million to $1.5 billion. It is part of Saudi Aramco’s new $4.5 billion worth energy-related agreements.  

McDermott will start working on the project immediately. Per the company, the impact of the project will be reflected in its fourth-quarter 2017 backlog. In this context, we would like to remind investors that as of Sep 30, McDermott had a backlog of $2.4 billion. While 85% of the total backlog is related to offshore operations, the remaining 15% pertains to subsea operations.

The company's strong foothold in the Middle East is expected to enable it to execute the project smoothly with its engineering and procurement teams in Dubai, Chennai and Al Khobar, Saudi Arabia. Per the company, its facilities in Saudi Arabia's Dammam and Jebel Ali, located in Dubai will carry out the construction work while its vessels will be charge of installation.

About McDermott

Incorporated in 1959, Houston, TX-based McDermott is an engineering and construction company, solely focused on the offshore oil and gas business. McDermott primarily serves the worldwide offshore oil and gas field developments, including the front-end design and detailed engineering, fabrication and installation of offshore drilling and production facilities, as well as installation of marine pipelines and subsea production systems. Additionally, the company provides project management and procurement services. It operates in most major offshore oil and gas producing regions under three main reporting segments: Asia Pacific, Americas and the Middle East.

We appreciate McDermott’s broad product portfolio, diversified geographical footprint, good market position and strong relationship with national oil companies. However, due to the company’s exclusive focus on the offshore oil and gas business and the uncertain commodity price scenario expected over the next few quarters, investor sentiment toward the company is likely to remain lukewarm.

Price Performance

McDermott has gained 3.4% year to date against 20.7% fall of its industry.

Zacks Rank and Stocks to Consider

McDermott has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the oil and energy sector include Braskem S.A. BAK, ConocoPhillips COP and Denbury Resources Inc. DNR. All these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Braskem’s sales for 2017 are expected to increase 12.1%% year over year. The company delivered an average positive earnings surprise of 47% in the last four quarters.

ConocoPhillips’ sales for the fourth quarter of 2017 are expected to increase 2.7% year over year. The company delivered an average positive earnings surprise of 152.3% in the last four quarters.

Denbury Resources’ sales for the fourth quarter of 2017 are expected to increase 4.8% year over year. The partnership delivered an average positive earnings surprise of 125% in the last four quarters.

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Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker Free >>


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McDermott International, Inc. (MDR): Free Stock Analysis Report
 
Braskem S.A. (BAK): Free Stock Analysis Report
 
Denbury Resources Inc. (DNR): Free Stock Analysis Report
 
ConocoPhillips (COP): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://www.so-l.ru/news/y/2017_11_13_mcdermott_mdr_secures_new_epci_contrac Mon, 13 Nov 2017 16:53:00 +0300
<![CDATA[Noble's Drillship Receives Contract Extension From Hess]]> Per the latest fleet update released by Noble Corporation NE, the company’s drillship, Noble Paul Romano, has been awarded another contract extension by Hess Corporation HES.

The rig is currently operating in the Gulf of Mexico. It will continue to receive current dayrate of $115,000. The drillship will be under contract until second-quarter 2018. The purposes of the drillship have not been specified.

Earlier, Paul Romano was contracted to Hess from September 2016 to August 2017 at a dayrate of $128,500 and was extended till 2017-end at a lower rate.

About Noble

Noble provides diversified services for the oil and gas industry. The company offers contract drilling services with a fleet of 28 offshore drilling units, consisting of 14 semisubmersibles and drillships, and 14 jackups. It provides contract drilling services along with provision of labor contract drilling, engineering and consulting and project management services. The company offers its services in the United States, the Middle East, India, Mexico, the North Sea, Brazil and West Africa.

In addition, Noble is a leading offshore drilling firm with a robust portfolio of assets. Though the industry has witnessed a setback in the last few months, the company is likely to be less affected than its peers. This is because it enjoys a strong backlog position of $3.2 billion.

Noble has plans to upgrade its fleet through acquisitions and newbuild projects. Moreover, it continues to benefit from its robust position in the ultra-deepwater market.

The company’s robust portfolio of assets, long-term commitments and strong backlog offer some relief in the current weak pricing scenario.

Price Movement

The company’s shares have returned 34.6% compared with the industry’s rally of 26.8% over the last three months.



Zacks Rank & Key Picks

Noble currently carries a Zacks Rank #3 (Hold). A few better-ranked players in the energy sector are Braskem SA BAK and Northern Oil and Gas Inc NOG. Both these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The largest petrochemical operator in Latin America, Braskem, delivered a positive earnings surprise of 68.54% in the preceding quarter.

Northern Oil and Gas, based in Minnetonka, MN, is an independent energy company. The company delivered an earnings surprise of 100.00% in the preceding quarter.

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker Free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Braskem S.A. (BAK): Free Stock Analysis Report
 
Noble Corporation (NE): Free Stock Analysis Report
 
Northern Oil and Gas, Inc. (NOG): Free Stock Analysis Report
 
Hess Corporation (HES): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://www.so-l.ru/news/y/2017_11_13_noble_s_drillship_receives_contract_exte Mon, 13 Nov 2017 16:39:00 +0300
<![CDATA[Baker Hughes, Sonatrach to Construct Oil Equipment Plant]]> Baker Hughes, part of GE BHGE, and Algerian State energy company, Sonatrach, have proposed to set up a joint venture (JV).

Per the deal, the companies will construct an oil equipment plant in Algeria at an estimated cost of $45 million. Manufacturing, assembly and maintenance for various types of oilfield equipment will be provided by the JV. This will result in the formation of an important base, which will meet Algeria’s rising domestic needs and fulfill requirements for exports.

The project, to be based in Azrew in western Algeria, is expected to come online in December 2019. Sonatrach will hold a 51% stake in the project, while the remaining 49% will be owned by BHGE.

About the Companies

Being the world’s first and only company to provide integrated oilfield products, services and digital solutions, Baker Hughes strives to boost efficiency across the oil and gas value chain. The company operates in over 120 countries.

An Algerian government-owned company, Sonatrach was created with the intent to discover hydrocarbon resources. It enjoys some concessions in Libya, Mauritania, Peru, Yemen and Venezuela. The company is mainly engaged in all aspects of production, including exploration, extraction, transportation and refining. Recently, Sonatrach diversified its operations into petrochemistry and the desalination of seawater.

Price Movement

The company’s shares have lost 3.8% as against the industry’s rally of 5% over the last three months.



 

Zacks Rank & Key Picks

Baker Hughes currently carries a Zacks Rank #3 (Hold). A few better-ranked players in the energy sector are Braskem SA BAK, ConocoPhillips COP and Northern Oil and Gas Inc NOG. All these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The largest petrochemical operator in Latin America, Braskem, delivered a positive earnings surprise of 68.54% in the preceding quarter.

ConocoPhillips, based in Houston, TX, is a major global exploration and production (E&P) company. It delivered an average positive earnings surprise of 152.34% in the last four quarters.

Northern Oil and Gas, based in Minnetonka, MN, is an independent energy company. The company delivered an earnings surprise of 100.00% in the preceding quarter.

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker Free >>


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http://www.so-l.ru/news/y/2017_11_13_baker_hughes_sonatrach_to_construct_oil Mon, 13 Nov 2017 16:26:00 +0300