For Immediate Release
Chicago, IL – September 30, 2016 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Bill Barrett Corp. (NYSE: BBG -Free Report ), Whiting Petroleum Corp. (NYSE: WLL -Free Report ), Vanguard Natural Resources LLC (NASDAQ: VNR -Free Report ), W&T Offshore Inc. (NYSE: WTI -Free Report ) and Vermilion Energy Inc. (NYSE: VET -Free Report ).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Thursday’s Analyst Blog:
5 Stocks that Gained from Crude Price Increase
The energy sector has long been suffering due to the weakness in crude prices. The commodity has been tumbling since mid-2014 owing to a supply glut in the face of lackluster demand. In such a scenario, most of the energy players saw their shares slipping to 52-week lows again and again. Adding to the woes, The Organization of the Petroleum Exporting Countries (OPEC) members along with U.S and Russia continued to increase oil production, which further worsened conditions and resulted in crude prices hitting the rock bottom.
However, the OPEC’s recent announcement is expected to turn the tide for the energy sector. This international cartel of oil producers which controls more than a third of the global oil supply, has decided to curb oil production for the first time in years. Also, oil inventory has been decreasing over the last four straight weeks, leading to oil price touching the highest mark in three weeks. Yesterday, West Texas Intermediate (WTI) increased by more than 5% to reach $47.05 per barrel.
The OPEC Agrees to Cut Production
In a favorable turn of events for the energy sector, the OPEC has agreed to cut production the first time since 2008, owing to the prolonged crude prices weaknesses. In yesterday’s meeting at Algeria, the OPEC decided to cut its output to a range of 32.5–33 million barrels per day from August’s production level of 33.2 million barrels a day.
However, the limit of oil production for each country will be decided at next formal meeting in November. According to media sources, Iran, Libya and Nigeria will likely be permitted to increase production but Saudi Arabia is expected to lower output.
People with knowledge of the matter view the OPEC’s announcement as an end to the production war between the major oil producers in the world, where the OPEC is apparently the winner.
Decline in Crude Inventory
Along with OPEC’s plan to curb output, the decline in crude inventory also supported the gain in oil prices. The commodity market has witnessed a decline in the U.S oil inventories for the fourth consecutive week.
Energy Stocks Worth Considering
The increase in oil price is undoubtedly a boon for exploration companies since they will be able to sell the commodity at higher prices. In fact, the upstream energy players have been gaining significantly with the improvement in oil prices. In this article we have highlighted five exploration stocks that gained significantly in the last trading session.
Bill Barrett Corp. (NYSE: BBG -Free Report ) is an upstream energy company engaged in the exploration and production of oil and natural gas resources in the U.S. The Zacks Rank #2 (Buy) company gained almost 13% in the last trading session in the NYSE.
Whiting Petroleum Corp . (NYSE: WLL -Free Report ) is involved in exploration and production activities of oil and gas in the rocky Mountains and Permian Basin areas of the U.S. In the last trading session, the company gained almost 14% in the NYSE. Whiting Petroleum currently carries a Zacks Rank #3 (Hold).
Houston, TX-based Vanguard Natural Resources LLC (NASDAQ: VNR -Free Report ) is engaged in the development and acquisition of oil and gas resources in the U.S. The company gained almost 11% on Sep 29. Vanguard Natural currently carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here ..
W&T Offshore Inc. (NYSE: WTI -Free Report ) , headquartered in Houston, TX, is an independent oil and gas firm involved in upstream operations like exploration and production of oil and gas assets in the Gulf of Mexico. The company gained more than 6% in the last trading session. The company currently carries a Zacks Rank #2.
Calgary, Canada-based Vermilion Energy Inc. (NYSE: VET -Free Report ) is an upstream player involved in exploration and production of oil resources in North America, Europe, and Australia. The company gained almost 6.2% and carries a Zacks Rank #2.
Looking for Ideas with Even Greater Upside?
Today's investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more. Click here for a peek at this private information >>
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.
Get the full Report on BBG - FREE
Get the full Report on WLL - FREE
Get the full Report on VNR - FREE
Get the full Report on WTI - FREE
Get the full Report on VET - FREE
Follow us on Twitter: https://twitter.com/zacksresearch
Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
BILL BARRETT CP (BBG): Free Stock Analysis Report
WHITING PETROLM (WLL): Free Stock Analysis Report
VANGUARD NATURL (VNR): Free Stock Analysis Report
W&T OFFSHORE (WTI): Free Stock Analysis Report
VERMILION EGY (VET): Free Stock Analysis Report
Original post