Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Upgrading Energy To Overweight There continues to be a dearth of bearish signals emanating from this market. As a result, we remain bullish and we continue to view any pullbacks as buying opportunities. · S&P 500, Nasdaq 100. On the S&P 500 we see short-term support at 3750 (coinciding with the uptrend), with the next key support levels coming in at 3635, 3588, and 3550. As long as 3550 holds, we believe a bullish intermediate-term outlook is appropriate. As for the Nasdaq 100 (QQQ), $3...
A director at Wpx Energy Inc sold 102,146 shares at 8.252USD and the significance rating of the trade was 74/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly ...
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
The independent financial analyst theScreener just awarded an improved star rating to WPX ENERGY (US), active in the Exploration & Production industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 4 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date November 10, 2020, the ...
Value Overtaking Growth; Treasury Yields and Commodities Bottoming New and ongoing developments continue to support our bullish outlook. In the “new†column, we have bullish inflections in Treasury yields, the value vs. growth ratio, and broad commodities (Bloomberg Commodity index). These are classic signs that the economy is improving and is historically consistent with prior equity bull markets. Another new development is the market becoming increasingly overbought. As we outline below, ...
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
Key Points: • A number of Consumer Cyclical names continue to reflect leadership. (ex. SBUX, RRGB, MCD, PZZA, and ROST.) • The Financial Sector has a number of attractive names developing major bases and staging RS reversals. (ex. SIVB, STT, AXP, SPGI, CME, GS, and JEF) • The Technology Sector has a number of technically attractive constituents. (ex. AMD, OLED, MPWR, CRUS, BR, FIS, VRSN, SAIC, LDOS, AAOI, BELFB, FARO, STX, and AAPL) .
Key Points: • Energy Sector names continue to develop price and RS reversals. (ex. OXY, VAL, DO, RIG, SLB, MTDR, SM, MUR, WPX, XEC, JAG, TALO, APA, DVN, and EOG) • Aero-Defense related names are reversing price and RS downtrends. (ex. AVAV, NOC, AJRD, LMT, LHX, HII, and RTN.
We are nudging our fair value to $11 after taking a second look at WPX's first-quarter financial and operating results. The increase was mainly driven by incorporating above-average initial production rates that the firm consistently delivers in both the Delaware and Bakken shale plays. As we have previously commented, the firm's acreage is ideally located in the "sweet spot" of both plays, and its technical team has been able to make the most of this advantage. As a reminder, the firm delivere...
WPX Energy started out producing natural gas in Colorado's Piceance Basin after the 2011 spin-off from Williams. The company has completely transformed itself since then and is now developing oil-weighted shale acreage in the Delaware and Williston basins (oil volumes doubled between 2016 and 2018). It sold the last of its legacy assets in the Rockies in 2017.The Delaware Basin property has become the cornerstone of the portfolio. The company holds 131,000 net acres in the northern portion of th...
We are nudging our fair value to $11 after taking a second look at WPX's first-quarter financial and operating results. The increase was mainly driven by incorporating above-average initial production rates that the firm consistently delivers in both the Delaware and Bakken shale plays. As we have previously commented, the firm's acreage is ideally located in the "sweet spot" of both plays, and its technical team has been able to make the most of this advantage. As a reminder, the firm delivered...
West Texas Intermediate crude oil has fallen from over $65 a barrel in late April to about $54/bbl today, a hair below our midcycle forecast of $55/bbl. The slump has dragged most exploration and production stocks down with it, with 22 of the 23 names we cover now trading below our fair value estimates. The median and mean discounts are 12% and 16%, respectively. We see more upside than that for industry cost leaders like Diamondback Energy and Pioneer Natural Resources, which are better positio...
West Texas Intermediate crude oil has fallen from over $65 a barrel in late April to about $54/bbl today, a hair below our midcycle forecast of $55/bbl. The slump has dragged most exploration and production stocks down with it, with 22 of the 23 names we cover now trading below our fair value estimates. The median and mean discounts are 12% and 16%, respectively. We see more upside than that for industry cost leaders like Diamondback Energy and Pioneer Natural Resources, which are better positio...
West Texas Intermediate crude oil has fallen from over $65 a barrel in late April to about $54/bbl today, a hair below our midcycle forecast of $55/bbl. The slump has dragged most exploration and production stocks down with it, with 22 of the 23 names we cover now trading below our fair value estimates. The median and mean discounts are 12% and 16%, respectively. We see more upside than that for industry cost leaders like Diamondback Energy and Pioneer Natural Resources, which are better positio...
WPX Energy started out producing natural gas in Colorado's Piceance Basin after the 2011 spin-off from Williams. The company has completely transformed itself since then and is now developing oil-weighted shale acreage in the Delaware and Williston basins (oil volumes doubled between 2016 and 2018). It sold the last of its legacy assets in the Rockies in 2017.The Delaware Basin property has become the cornerstone of the portfolio. The company holds 131,000 net acres in the northern portion of th...
Our fair value estimate and no-moat rating remain unchanged after a first look at WPX’s first-quarter operating and financial results. The firm delivered production of 155 mboe/d in the first quarter, which was 1% lower sequentially and 51% higher year over year. This was a hair above our forecast of 154 mboe/d (and management noted that first quarter oil volumes would have been 1.4 mbbls/d higher if not for severe winter storms causing power outages in the Delaware Basin). There was no change...
Our fair value estimate and no-moat rating remain unchanged after a first look at WPX’s first-quarter operating and financial results. The firm delivered production of 155 mboe/d in the first quarter, which was 1% lower sequentially and 51% higher year over year. This was a hair above our forecast of 154 mboe/d (and management noted that first quarter oil volumes would have been 1.4 mbbls/d higher if not for severe winter storms causing power outages in the Delaware Basin). There was no chang...
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