Zacks Value Trader Highlights: Exxon Mobil, Apache, CNX Resources, SM Energy and Matador Resources - Yahoo Finance

For Immediate Release

Chicago, IL – June 21, 2019 – Zacks Value Trader is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here:

Is It Finally Time to Buy Energy Stocks?

Welcome to Episode #146 of the Value Investor Podcast.

Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio, shares some of her top value investing tips and stock picks.

What’s the most hated industry on Wall Street?

It’s not retail, it’s energy.

After selling off in late 2018, the exploration and production (E&P) stocks are taking a beating again in 2019. Some are trading near 52-week lows.

That has created a buying opportunity and the insiders are jumping in.

Are they buying at the bottom or will this be another false bottom since crude prices began to plunge in 2015?

Where Are the Insiders Buying This Time?

1.        Exxon Mobil Corp. XOM shares are actually up 10.5% year-to-date. But while that is still trailing the S&P 500 on the year, which is up 16.7%, the insiders haven’t been buying in 2019. Insider buying has been quiet at all of Big Oil so far this year.

2.        Apache Corp. APA shares have fallen 33% over the last year even though first quarter production in the Permian was at a new record, up 36% year-over-year. Did the insiders see this as a buying opportunity?

3.        CNX Resources Corp. CNX shares have fallen 35.7% year-to-date even though the natural gas E&P has been buying back shares with cash and has reduced share count by 15%. It expects $500 million in free cash flow in 2020. Did the insiders think this was a deal this spring?

4.        SM Energy Co. SM has a market cap of just $1.3 billion but it still pays a dividend, currently yielding 0.9%. It recently raised its second quarter and full year production guidance thanks to better-than-expected well performance. Shares are trading near 52-week lows. Who was buying?

5.        Matador Resources Co. MTDR has sunk 32% over the last year but has rebounded 15% year-to-date. In the first quarter, its total oil, natural gas and oil equivalent production were all at record highs. As of May 1, 70% of its oil production was hedged for the remainder of 2019. Do the insiders still think the shares are a value?

The insiders have to hold the stock for at least 6 months after they buy so insider buys are a long-term play, not a short term, on the stock and the company.

And the energy insiders have bought several times before when the shares have weakened, including in 2017 and 2018.

Is this time different?

Tune into this week’s podcast to find out.

[In full disclosure, Tracey owns shares of Apache in her own personal portfolio.]

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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.

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CNX Resources Corporation. (CNX) : Free Stock Analysis Report
 
Exxon Mobil Corporation (XOM) : Free Stock Analysis Report
 
SM Energy Company (SM) : Free Stock Analysis Report
 
Apache Corporation (APA) : Free Stock Analysis Report
 
Matador Resources Company (MTDR) : Free Stock Analysis Report
 
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2019-06-21 14:48:00Z
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