Permian Basin

The Permian Basin's daily requirements for tanker trucks to take crude out of the oilfield could quadruple in the second quarter of this year, Rystad Energy warned in its January newsletter. Rystad Energy, based in Oslo with its U.S. office in Houston, is a leading independent energy research...

Energen Corporation (NYSE: EGN), an oil exploration and production company that focuses on the Permian Basin, reported Tuesday morning with second-quarter results that came in better than expected, but prompted Imperial Capital to downgrade the stock. The Analyst Imperial Capital's Irene...

PermRock Royalty Trust (NYSE: PRT), a statutory trust that's entitled to receive 80 percent of the net profits from the sale of oil and natural gas production from certain properties owned by Boaz Energy in the Permian Basin, is a "straightforward opportunity" for investors to benefit...

Chevron Corporation (NYSE: CVX)'s ramp-up in the Permian region isn't a bullish sign for the stock, RBC Capital Markets said in a research report. On the contrary, Biraj Borkhataria downgrades Chevron's stock rating from Sector Perform to Underperform with a price target slashed from $112 to $100...

Insiders at this pipeline and storage giant scooped up many shares this past week. Those purchases followed the announcement of the acquisition of Permian assets. The share price dropped sharply following news of the deal. Conventional wisdom says insiders and 10-percent owners really only buy...

Rodman & Renshaw analyst Noel Parks initiated coverage on Resolute Energy Corp (NYSE: REN) with a Buy rating and $32 price target. The bullish rating is based on a risked Net Asset Value (NAV) and optimism regarding Permian Basin wells, specifically in the Delaware Basin, said Parks....

A West Texas oil discovery could be one of the biggest energy finds of the last decade. Apache Corporation (NYSE: APA) said the find could yield "3 billion barrels of oil in the Barnett and Woodford formations alone," according to the company's press release. The new project, which the company is...

Imperial Capital sees 30 percent upside in the shares of RSP Permian Inc (NYSE: RSPP), as it initiated the coverage of the stock with an Outperform rating and price target of $45. The brokerage's bullish thesis is based on the company's prime midland basin acreage and strong balance sheet....

The Texas Tribune’s Kiah Collier reported on Texas’ Permian Basin and interviewed two key players in the region’s oil economy as crude oil prices approach $50.00. “Nowhere in the United States is there another oil province as prolific and substantial” said Don...

To say that the energy sector has made for some tricky trading in the past couple of years would be quite an understatement, but Canaccord analysts have found four energy stocks that they love: Earthstone Energy Inc (NYSE: ESTE), Abraxas Petroleum Corp. (NASDAQ: AXAS), Canadian Solar Inc. (NASDAQ:...

Goldman Sachs said Apache Corporation (NYSE: APA) needs to show more differentiated growth, but the firm updated its estimates and target price on the stock while maintaining a Neutral rating on the issue. Analyst Brian Singer narrowed his loss estimate for 2016 to -$0.71 from -$2.34. The analyst...

JPMorgan’s Phil Gresh likes Occidental Petroleum Corporation (NYSE: OXY)'s “combination of offense and defense,” and mentioned that the stock valuation currently prices in the medium-term expectations. Gresh downgraded the rating on the company from Overweight to Neutral, while...

Citi has upgraded Superior Energy Services, Inc. (NYSE: SPN) to Buy from Neutral as it sees upside to shares on potential accretive acquisition due to the supply of excess frac equipment potentially available at depressed prices. Possible M&A Activity The brokerage said a deal could also...

Anadarko Petroleum Corporation (NYSE: APC) reported its 1Q results ahead of the consensus and the estimates. Goldman Sachs’ Brian Singer maintains a Buy rating on the company, while raising the price target from $58 to $60. Singer mentioned that Anadarko Petroleum reported its EPS and EBITDA...