For Immediate Release Chicago, IL – June 23, 2015 – 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 includethe Chesapeake Energy Corp. (CHK), Range Resources Corp. (RRC), QEP Resources Inc. (QEP), EOG Resources Inc. (EOG) and Devon Energy Corp. ( DVN). Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free. Here are highlights from Monday’s Analyst Blog: Natural Gas Loses Ground Despite Bullish Inventory Data The U.S. Energy Department's weekly inventory release showed a smaller-than-expected increase in natural gas supplies. But despite the bullish inventory news, natural gas prices stayed down as production remains plentiful and is expected to outpace demand for most part of 2015. About the Weekly Natural Gas Storage Report The Weekly Natural Gas Storage Report – brought out by the Energy Information Administration (EIA) every Thursday since 2002 – includes updates on natural gas market prices, the latest storage level estimates, recent weather data and other market activities or events. The report provides an overview of the level of reserves and their movements, thereby helping investors understand the demand/supply dynamics of natural gas. It is an indicator of current gas prices and volatility that affect businesses of natural gas-weighted companies and related support plays. Analysis of the Data Stockpiles held in underground storage in the lower 48 states rose by 89 billion cubic feet (Bcf) for the week ended Jun 12, 2015, below the guided range (of 91–95 Bcf gain) as per the analysts surveyed by Platts, the energy information arm of McGraw-Hill Financial Inc. The increase – the eleventh successive weekly injection – was also less than last year’s build of 112 Bcf though it exceeded the 5-year (2010–2014) average addition of 87 Bcf for the reported week. Following past week’s climb, the current storage level – at 2.433 trillion cubic feet (Tcf) – is up 730 Bcf (42.9%) from last year and is 46 Bcf (1.9%) above the five-year average. Bullish Data Fails to Lift Prices Despite the lower-than-expected injection of natural gas into storage, prices are currently hovering around the lowly $2.8 per million Btu (MMBtu) mark. With production from the major shale plays remaining strong and the commodity’s demand failing to keep pace with this supply surge, natural gas prices have been held back. Even the summer cooling demand on the back of warm weather has been of little help. Gas-Weighted Companies to Suffer The price weakness translates into limited upside for natural gas-weighted companies like Chesapeake Energy Corp. (CHK), Range Resources Corp. (RRC), QEP Resources Inc. (QEP), EOG Resources Inc. (EOG) and Devon Energy Corp. ( DVN). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> 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.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
CHESAPEAKE ENGY (CHK): Free Stock Analysis Report
RANGE RESOURCES (RRC): Free Stock Analysis Report
QEP RESOURCES (QEP): Free Stock Analysis Report
EOG RES INC (EOG): Free Stock Analysis Report
DEVON ENERGY (DVN): Free Stock Analysis Report
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