Renting in Manhattan is notoriously expensive. But lately it’s becoming just a little bit more affordable … a little.
Prices have been on a general decline this year as more apartments become available, and landlords continue to make concessions.
Rental prices declined for the first four months of the year, according to market reports by real estate appraisal firm Miller Samuel for Douglas Elliman Real Estate.
In March, rental prices dropped 3% from a year earlier to $3,400.
Luxury apartments have seen the biggest price drops.
Rentals with three bedrooms or more have seen a nearly 6% annual drop in May, while rents on two-bedroom units are down 4.6%, the latest report found.
Last month, overall prices crept up 0.6%, partly because the summer ushers in a flood of new renters and there was a jump in bigger apartments hitting the market.
Top 10 Energy Stocks To Watch Right Now: Devon Energy Corporation(DVN)
Devon is a leading independent energy company engaged primarily in the exploration, development and production of oil, natural gas and NGLs. Our operations are concentrated in various North American onshore areas in the U.S. and Canada. Our portfolio of oil and gas properties provides stable, environmentally responsible production and a platform for future growth. We have doubled our onshore North American oil production since 2010 to more than 275 MBbls per day and have a deep inventory of development opportunities. Devon also produces over 1.6 Bcf of natural gas a day and more than 136 MBbls of NGLs per day.
Additionally, we control EnLink, a leading integrated midstream business with significant size and scale in key operating regions in the U.S. This MLP focuses on providing gathering, transmission, processing, fractionation and marketing to producers of natural gas, NGLs, crude oil and condensate. Advisors’ Opinion:
- [By Matthew DiLallo]
Driving that view is the success its peers have had in the state. Devon Energy (NYSE:DVN), for example, grew its STACK production 11% during the fourth quarter. While Devon is prioritizing free cash flow generation from the region over volume growth this year, that will allow it to retain the optionality to reaccelerate in the future. EOG, likewise, sees upside in Oklahoma’s shale plays as it believes it’s sitting on more than 200 million BOE of net resource potential in the region that it can develop in the coming years. When market conditions improve, investors will likely see oil companies restart their Oklahoma growth engines.
- [By Shane Hupp]
ValuEngine cut shares of Devon Energy (NYSE:DVN) from a hold rating to a sell rating in a research report released on Saturday morning.
DVN has been the subject of a number of other research reports. Morgan Stanley set a $33.00 target price on shares of Devon Energy and gave the company a hold rating in a research report on Tuesday, January 29th. Capital One Financial cut shares of Devon Energy from an overweight rating to an underweight rating in a research note on Thursday, December 20th. MKM Partners lifted their price objective on shares of Devon Energy from $33.00 to $35.00 and gave the stock a buy rating in a research note on Thursday, February 21st. Zacks Investment Research cut shares of Devon Energy from a hold rating to a strong sell rating in a research note on Thursday, January 3rd. Finally, Mizuho set a $31.00 price target on shares of Devon Energy and gave the company a hold rating in a report on Wednesday, November 28th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $45.48.
- [By Travis Hoium, Jason Hall, and Matthew DiLallo]
Given the current economic backdrop of mild global growth in the economy and energy usage, we asked three of our Foolish contributors for their favorite energy stocks. Devon Energy Corp (NYSE:DVN), ExxonMobil Corporation (NYSE:XOM), and Brookfield Infrastructure Partners (NYSE:BIP) were the stocks that made the list.
Top 10 Energy Stocks To Watch Right Now: Imperial Oil Limited(IMO)
Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment explores for and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2015, the Upstream segment had 513 million oil-equivalent barrels of proved undeveloped reserves. The Downstream segment is involved in the transportation and refining of crude oil, as well as blending, distribution, and marketing of refined products. This segment also maintains a distribution system to handle bulk and packaged petroleum products moving from refineries to market by pipeline, tanker, rail, and road transport; and owns and operates natural gas liquids and products pipelines in Alberta, Manitoba, and Ontario, as well as holds interests in crude oil and products pipeline companies. In addition, this segment sells petroleum products under the Esso and Mobil brand to motoring public through approximately 1,700 Esso retail service stations of which approximately 470 are company owned or leased; and approximately 1,250 Esso branded service stations, which provides customer services. The Chemical segment manufactures and markets various petrochemicals, including ethylene, benzene, aromatic and aliphatic solvents, plasticizer intermediates, and polyethylene resins. The company serves agriculture, residential heating, and commercial markets through branded resellers, as well as sells petroleum products to large industrial and transportation customers, independent marketers, resellers, and other refiners. Imperial Oil Limited was founded in 1880 and is headquartered in Calgary, Canada. Imperial Oil Limited is a subsidiary of Exxon Mobil Corporation.
Advisors’ Opinion:
- [By Ethan Ryder]
Newfield Exploration Co. (NYSE:NFX) – Stock analysts at B. Riley upped their Q3 2018 earnings estimates for shares of Newfield Exploration in a research note issued to investors on Tuesday, October 9th. B. Riley analyst R. Rashid now expects that the energy company will post earnings per share of $0.87 for the quarter, up from their prior estimate of $0.82. B. Riley also issued estimates for Newfield Exploration’s Q4 2018 earnings at $1.09 EPS, FY2018 earnings at $3.72 EPS, Q1 2019 earnings at $1.07 EPS, Q2 2019 earnings at $1.20 EPS, Q4 2019 earnings at $1.62 EPS, FY2019 earnings at $5.27 EPS, Q1 2020 earnings at $1.72 EPS, Q3 2020 earnings at $1.90 EPS and FY2020 earnings at $7.49 EPS.
- [By Matthew DiLallo]
However, while the entire sector looks undervalued, two sticks stand out as being insanely cheap versus their peers: EQT Corp. (NYSE:EQT) and Newfield Exploration (NYSE:NFX). Value investors will want to take a closer look at these two energy companies.
- [By Joseph Griffin]
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its holdings in Newfield Exploration Co. (NYSE:NFX) by 21.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 84,982 shares of the energy company’s stock after selling 23,320 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Newfield Exploration were worth $2,571,000 at the end of the most recent quarter.
- [By Max Byerly]
The Hong Kong and China Gas (NYSE: NFX) and Newfield Exploration (NYSE:NFX) are both utilities companies, but which is the superior stock? We will contrast the two businesses based on the strength of their institutional ownership, earnings, profitability, risk, analyst recommendations, valuation and dividends.
Top 10 Energy Stocks To Watch Right Now: Oceaneering International, Inc.(OII)
Oceaneering International, Inc. is a global oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. Oceaneering also serves the defense, aerospace and commercial theme park industries. Oceaneering was organized as a Delaware corporation in 1969 out of the combination of three diving service companies founded in the early 1960s. Since our establishment, we have concentrated on the development and marketing of underwater services and products to meet customer needs requiring the use of advanced deepwater technology. We believe we are one of the world’s largest underwater services contractors. Advisors’ Opinion:
- [By Logan Wallace]
Eaton Vance Management lessened its holdings in Oceaneering International (NYSE:OII) by 44.5% during the fourth quarter, Holdings Channel reports. The fund owned 1,376,354 shares of the oil and gas company’s stock after selling 1,104,665 shares during the period. Eaton Vance Management’s holdings in Oceaneering International were worth $16,653,000 at the end of the most recent reporting period.
- [By Shane Hupp]
Shares of Oceaneering International (NYSE:OII) have been given a consensus recommendation of “Hold” by the eighteen ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $22.75.
- [By Motley Fool Transcribing]
Oceaneering International (NYSE:OII) Q4 2018 Earnings Conference CallFeb. 14, 2019 11:00 a.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
Top 10 Energy Stocks To Watch Right Now: Transocean Inc.(RIG)
Transocean Ltd. provides offshore contract drilling services for oil and gas wells worldwide. It offers deepwater and harsh environment drilling, oil and gas drilling management, and drilling engineering and drilling project management services. The company also offers well and logistics services. In addition, it engages in oil and gas exploration, development, and production activities primarily in the United States offshore Louisiana and Texas, and in the United Kingdom sector of the North Sea. As of February 10, 2011, the company owned, had partial ownership interests in, and operated 138 mobile offshore drilling units, including 47 high-specification floaters, 25 midwater floaters, 9 high-specification jackups, 54 standard jackups, and 3 other rigs, as well as 1 ultra-deepwater floater and 3 high-specification jackups under construction. Transocean Ltd. was founded in 1953 and is based in Zug, Switzerland.
Advisors’ Opinion:
- [By WWW.GURUFOCUS.COM]
For the details of LASRY MARC’s stock buys and sells, go to www.gurufocus.com/guru/lasry+marc/current-portfolio/portfolio
These are the top 5 holdings of LASRY MARCPacific Drilling SA (PACD) – 18,702,188 shares, 49.14% of the total portfolio. New PositionVistra Energy Corp (VST) – 6,438,245 shares, 29.01% of the total portfolio. Shares reduced by 5.78%Transocean Ltd (RIG) – 7,772,098 shares, 10.62% of the total portfolio. New PositionMidstates Petroleum Co Inc (MPO) – 3,494,914 shares, 5.17% of the total portfolio. Roan Resources Inc (ROAN) – 1,57
- [By Tyler Crowe]
This was one of those quarters where Transocean’s (NYSE:RIG)results aren’t necessarily reflective of the company’s accomplishments. Even though Transocean posted yet another quarterly loss, the company completed a major acquisition and netted some notable contract wins. These won’t show up on the financial statements for a while, but they are indicative of a companypoised to do better in the future.
- [By Motley Fool Transcribers]
Transocean Ltd (NYSE:RIG)Q42018 Earnings Conference CallFeb. 19, 2019, 9:00 a.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
Top 10 Energy Stocks To Watch Right Now: CVR Energy Inc.(CVI)
CVR Energy, Inc. (CVR Energy), incorporated on September 25, 2006, is a holding company. The Company engages in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It operates under two business segments: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership). The Company’s Refining Partnership is an independent petroleum refiner and marketer of transportation fuels. Its Nitrogen Fertilizer Partnership produces and markets nitrogen fertilizers in the form of urea and ammonium nitrate (UAN) and ammonia. The petroleum business consists of a coking medium-sour crude oil refinery in Coffeyville, Kansas and a crude oil refinery in Wynnewood, Oklahoma. The nitrogen fertilizer business consists of UAN and ammonia products.
Petroleum Business
The petroleum business, operated by the Refining Partnership, includes a complex full coking medium-sour crude oil refinery with a rated capacity of over 115,000 barrels per calendar day (bpcd) and a complex crude oil refinery with a rated capacity of approximately 70,000 bpcd capable of processing over 20,000 bpcd of light sour crude oil (within its rated capacity of over 70,000 bpcd). The combined crude capacity represents approximately 22% of the region’s refining capacity. Its Coffeyville refinery’s product yield include gasoline (46%), diesel fuel (primarily ultra-low sulfur diesel) (43%), and pet coke and other refined products such as natural gas liquids (NGL) (propane and butane), slurry, sulfur and gas oil (11%). The Wynnewood refinery’s product yield included gasoline (52%), diesel fuel (primarily ultra-low sulfur diesel) (36%), asphalt (5%), jet fuel (4%) and other products (3%).
The Company owns and operates a crude oil g! athering system serving Kansas, Nebraska, Oklahoma, Missouri, Colorado and Texas. The system has field offices in Bartlesville and Pauls Valley, Oklahoma and Plainville, Winfield and Iola, Kansas. The petroleum business owns a pipeline system capable of transporting approximately 170,000 bpd of crude oil from its Broome Station facility located near Caney, Kansas to its Coffeyville refinery. Crude oils sourced outside of the gathering system are delivered by common carrier pipelines into various terminals in Cushing, Oklahoma, where they are blended and then delivered to the Broome Station tank farm via a pipeline owned by Plains Pipeline L.P. (Plains). The petroleum business also has a rack marketing division supplying product through tanker trucks directly to customers located in close geographic proximity to Coffeyville, Kansas and Wynnewood, Oklahoma and to customers at throughput terminals on Magellan Midstream Partners, L.P. (Magellan) and NuStar Energy, LP’s (NuStar) refined products distribution systems. The Coffeyville refinery has the capability to process blends of various crude oil ranging from heavy sour to light sweet crude oil. The Wynnewood refinery has the capability to process blends of various crude oil ranging from medium sour to light sweet crude oil, although isobutane, gasoline components, and normal butane are also typically used.
The Company competes with Phillips 66, HollyFrontier, CHS, Valero and Flint Hills Resources.
Nitrogen Fertilizer Business
The nitrogen fertilizer business, operated by the Nitrogen Fertilizer Partnership, is a nitrogen fertilizer plant in North America that utilizes a pet coke gasification process to produce nitrogen fertilizer products, which are used primarily by farmers to manage the yield and quality of their crops. The nitrogen fertilizer facility includes a 1,300 ton-per-day ammonia unit, a 3,000 ton-per-day UAN unit and a gasifier complex having a capacity of approximately 90 million standard cubic feet per ! day of hy! drogen. The nitrogen fertilizer business’ principal products are UAN and ammonia. These products are manufactured at its facility in Coffeyville, Kansas. The nitrogen fertilizer business’ product sales are heavily weighted toward UAN and all of its products are sold on a wholesale basis. The nitrogen fertilizer business owns all of the truck and rail loading equipment at the nitrogen fertilizer facility. The nitrogen fertilizer business also utilizes over two separate UAN storage tanks, and related truck and railcar load-out facilities. Each of these facilities, located in Phillipsburg and Dartmouth, Kansas, has a UAN storage tank that has a capacity of over two million gallons, or approximately 10,000 tons. The Phillipsburg property that the terminal was constructed on is owned by a subsidiary of CVR Refining, which operates the terminal. The Dartmouth terminal is located on leased property owned by the Pawnee County Cooperative Association, which operates the terminal. The purpose of the UAN terminals is to collectively distribute approximately 40,000 tons of UAN fertilizer annually. The nitrogen fertilizer business sells UAN products to retailers and distributors. In addition, it sells ammonia to agricultural and industrial customers.
The Company competes with Agrium, Inc., Koch Nitrogen Company, LLC, Saskatchewan, Inc., CF Industries Holdings, Inc. and Terra Nitrogen Company, LP.
Advisors’ Opinion:
- [By Money Morning Staff Reports]
He earned more than $100 million in a famous board room battle with RJR Nabisco, and recently he’s led the charge in pressing Caesars Entertainment Corp. (NASDAQ: CZR) to sell its assets. Rumors are swirling that the gambling giant will soon merge with Eldorado Resorts Inc. (NASDAQ: ERI). He also has stakes in CVR Energy Inc. (NYSE: CVI), Herbalife Nutrition Ltd. (NYSE: HLF), Cheniere Energy Inc. (NYSE: LNG), Newell Brands Inc. (NASDAQ: NWL), and of course, his firm Icahn Enterprises LP (NASDAQ: IEP).
- [By Motley Fool Transcribers]
CVR Energy Inc (NYSE:CVI)Q42018 Earnings Conference CallFeb. 21, 2019, 3:00 p.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
- [By Logan Wallace]
COPYRIGHT VIOLATION WARNING: “CVR Energy (CVI) Issues Quarterly Earnings Results, Misses Expectations By $0.15 EPS” was posted by Ticker Report and is the property of of Ticker Report. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be read at www.tickerreport.com/banking-finance/4168558/cvr-energy-cvi-issues-quarterly-earnings-results-misses-expectations-by-0-15-eps.html.
- [By Stephan Byrd]
CVR Energy (NYSE:CVI) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Wednesday.
Top 10 Energy Stocks To Watch Right Now: WPX Energy, Inc.(WPX)
On December 31, 2011 (the “Distribution Date”), WPX Energy, Inc. became an independent, publicly traded company as a result of a distribution by The Williams Companies, Inc. (“Williams”) of its shares of WPX to Williams’ stockholders. On the Distribution Date, Williams’ stockholders of record as of the close of business on December 14, 2011 (the “Record Date”) received one share of WPX common stock for every three shares of Williams’ common stock held as of the Record Date (the “Distribution”). WPX is comprised of Williams’ former natural gas and oil exploration and production business. Our common stock began trading “regular-way” under the ticker symbol “WPX” on the New York Stock Exchange on January 3, 2012.
Our principal executive offices are located at One Williams Center, Tulsa, Oklahoma 74172. Our telephone number is 855-979-2012.
WPX ENERGY, INC. Advisors’ Opinion:
- [By Joseph Griffin]
Northland Securities reaffirmed their buy rating on shares of WPX Energy (NYSE:WPX) in a research report released on Tuesday. They currently have a $20.00 target price on the oil and gas producer’s stock.
- [By Motley Fool Transcribers]
WPX Energy Inc (NYSE:WPX)Q42018 Earnings Conference CallFeb. 21, 2019, 10:00 a.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
Top 10 Energy Stocks To Watch Right Now: EV Energy Partners, L.P.(EVEP)
EV Energy Partners, L.P. engages in the acquisition, development, and production of oil and natural gas properties in the United States. Its properties are located in the Barnett Shale; the Appalachian Basin; the San Juan Basin; Michigan; Central Texas; the MidContinent areas in Oklahoma, Texas, Arkansas, Kansas, and Louisiana; the Monroe Field in Northern Louisiana; and the Permian Basin. As of December 31, 2015, the company had estimated net proved reserves of 22.0 million barrels of oil; 747.0 billion cubic feet of natural gas; and 36.3 million barrels of natural gas liquids. EV Energy GP, L.P. serves as the general partner of EV Energy Partners, L.P. EV Energy Partners, L.P. was founded in 2006 and is based in Houston, Texas.
Advisors’ Opinion:
- [By Shane Hupp]
Media coverage about Recon Technology (NASDAQ:RCON) has been trending positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Recon Technology earned a media sentiment score of 0.27 on Accern’s scale. Accern also assigned media headlines about the oil and gas company an impact score of 44.9374991541436 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
