Up’s and downs of Oil sector

As the market pondered the possibility of strengthening New York and London restrictions before a readily accessible vaccine, oil prices increased.

Since switching earlier between losses and gains, futures ended at a nine-month high. The U.S. began distributing the Covid-19 vaccine and national immunization initiatives in other countries, offering a roadmap for stabilizing oil demand.

However, price gains remain minimal as reopening plans across the globe are affected by the virus’s spread. In the middle of a new strain of the epidemic, London is growing pandemic controls this week while New York City’s mayor said people should be prepared for a complete lockdown. The Association of Petroleum Exporting Countries, meanwhile, cut forecasts for global fuel demand by 1 million barrels a day in the first quarter of 2021.

GasLog Partners LP (NYSE:GLOP) shares were trading up 31.18% at $3.45 at the time of writing on Monday.

GasLog Partners LP (NYSE:GLOP) share price went from a low point around $1.51 to briefly over $16.20 in past 52 weeks, though shares have since pulled back to $3.45. GLOP market cap has remained high, hitting $177.88M at the time of writing, giving it price-to-sales ratio of more than 0.

If we look at the recent analyst rating GLOP, BTIG Research downgraded coverage on GLOP shares with a Neutral rating and a $3.28 price target, which implies room for -0.17% downside momentum this year.

Mid-Con Energy Partners LP (MCEP) last closed at $3.78, in a 52-week range of $1.14 to $8.70.

SandRidge Energy Inc. (SD) stock soar by 10.61% to $3.44 after reporting that it has entered into a definitive agreement for the sale of its North Park Basin assets. The most recent rating by Seaport Global Securities, on June 21, 2017, is at a Neutral.

Enservco Corporation (AMEX:ENSV) Shares headed rising, higher as much as 5.73%. The most recent rating by Northland Capital, on November 13, 2015, is at an Outperform.

Renewable Energy Group Inc. (NASDAQ:REGI) rose 4.31% after gaining more than $2.68 on Monday. The company on December 3, 2020 declared changes to the organizational construct of its senior leadership team intended to accelerate the company’s performance as a leader in a rapidly growing industry.

U.S. Well Services Inc. (USWS) last closed at $0.48, in a 52-week range of $0.23 to $2.02.

NOW Inc. (DNOW) stock soar by 2.38% to $6.45. The firm has scheduled a conference call to discuss fourth quarter and full-year 2020 earnings on Wednesday, February 17, 2021 at 8:00 am (US Central Time). The most recent rating by Stephens, on October 16, 2020, is at an Equal-weight.

Ultrapar Participacoes S.A. (NYSE:UGP) Shares headed rising, higher as much as 2.21%. The most recent rating by Morgan Stanley, on June 02, 2020, is at an Overweight.

ChampionX Corporation (NYSE:CHX) rose 1.08% after gaining more than $0.15 on Monday following the announcement of early tender offer results and extension of early tender premium.

Oceaneering International Inc. (OII) last closed at $8.25, in a 52-week range of $2.01 to $15.99. Analysts have a consensus price target of $7.48.

Euronav NV (EURN) stock soar by 0.61% to $8.25. The most recent rating by BTIG Research, on October 21, 2020, is at a Neutral.

TransAtlantic Petroleum Ltd. (AMEX:TAT) Shares headed rising, higher as much as 0.60%. On November 20, 2020, the company released its financial results for the quarter ended September 30, 2020. The most recent rating by TD Securities, on September 09, 2016, is at a Speculative buy.

Pacific Ethanol Inc. (NASDAQ:PEIX) rose 0.17% after gaining more than $0.01 on Monday. The firm declared on December 1, 2020, the closing of its agreement with Liberty Basin, LLC to sell 134 acres, rail loop and grain handling assets at its Pacific Ethanol Magic Valley plant in Burley, Idaho for $10 million in cash.

Talos Energy Inc. (TALO) last closed at $9.21, in a 52-week range of $5.00 to $31.34 after declaring proposed offering of $400 million of second-priority senior secured notes due 2026. Analysts have a consensus price target of $13.17.

Valvoline Inc. (VVV) stock drop by -0.17% to $23.01. The most recent rating by JP Morgan, on August 05, 2020, is at an Overweight. The company on December 2, 2020 reported that it plans to acquire 27 quick-lube locations that will expand its service center network across the U.S.

Leave a Comment

Your email address will not be published.

Latest Posts