Oil prices tumbled Wednesday after data showed an unexpected increase in U.S. crude supplies, according to WSJ
Diesel futures dropped to the lowest level since 2004 as U.S. stockpiles of distillates, a category that includes diesel fuel and heating oil, rose more than expected.
A global glut of crude has weighed on the market for more than a year. Oil prices are on course to fall by more than a third this year as big suppliers such as Saudi Arabia and Russia have continued pumping crude in a bid to defend their market share. Meanwhile, U.S. crude output has been resilient despite the low prices, and much of the excess has gone into storage.
Light, sweet crude for February delivery settled down $1.27, or 3.35%, at $36.60 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, declined $1.33, or 3.5%, to $36.46 a barrel on ICE Futures Europe.WSJ Report
On Wednesday, Oasis Petroleum Inc. (NYSE:OAS)’s shares declined -6.97% to $6.81. With its recent share price change, OAS market value has reached roughly $1.02 billion. Its most recent quarter balance sheet showed the company is standing at a -0.90 current ratio and possess -1.03 as debt to equity ratio. The company has a Profit Margin (ttm) of 14.60% and has 69.90% gross margins. The operating profit margin is -5.00%. The stock’s performance in 1 month is -40.73% and its volatility for the same period is 10.81%.
Oasis Petroleum Inc., an independent exploration and production company, focuses on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin.
Halliburton Company (NYSE:HAL)’s shares dropped -1.04% to $34.14. The market capitalization of Halliburton Company (NYSE:HAL) is $29.53 billion with the total traded volume of the company is 5.68 million. Turning to market valuation, the Price-to-Earnings ratio is -110.10, the Price-to-Sales ratio is 1.07 and the Price-to-Book ratio is finally 1.89. The dividend yield amounts to 2.11 percent and the beta ratio has a value of 1.48.
Halliburton Company provides a range of services and products to the upstream oil and natural gas industry worldwide. The company operates through two segments, Completion and Production, and Drilling and Evaluation.
Pengrowth Energy Corp (USA) (NYSE:PGH)‘s shares dipped -4.81% to $0.700. The last trading range of Pengrowth Energy Corp (USA) (NYSE:PGH) ranges between $0.70 and $0.72. The EPS of the company stands at $-1.52. The 52-week range shows that the stock reached higher at $3.62 while its lower range is $0.70 in the last 52-weeks. The average volume of the company is at 1.37 million with the Outstanding Shares of 543.03 million. The market capitalization of the company is $396.29 million. The Beta of the company stands at 1.85 with the RSI (Relative Strength Index) of 38.75.
Pengrowth Energy Corporation engages in the acquisition, development, exploration, and production of oil and natural gas assets in the Alberta, British Columbia, Saskatchewan, and Nova Scotia provinces in Canada. It primarily explores for crude oil, bitumen, natural gas, and natural gas liquids.
