|Bid||8.39 x 1200|
|Ask||8.40 x 3000|
|Day's Range||8.32 - 8.57|
|52 Week Range||3.80 - 33.77|
|Beta (5Y Monthly)||4.73|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 04, 2020|
|Forward Dividend & Yield||0.10 (1.08%)|
|Ex-Dividend Date||Oct 21, 2020|
|1y Target Est||16.59|
Energy stocks took a broad dive Monday, as crude oil prices sold off amid concerns that the recent surge in new COVID-19 cases globally would sap demand. The SPDR Energy Select Sector ETF slumped 3.0%, and was the biggest decliner among SPDR ETFs tracking the S&P 500's 11 key sectors, with all 25 equity components losing ground. Apache Corp.'s stock was the ETF's (XLE) biggest decliner, as it dropped 6.3% toward a 6-month low. Among other more active XLE components, shares of Marathon Oil Corp. slid 5.3%, Occidental Petroleum Corp. shed 4.2%, Exxon Mobil Corp. slid 2.8%, Halliburton Co. declined 3.2% and Schlumberger NV gave up 3.2%. Meanwhile, crude oil futures fell 3.3% to a 3-week low.
Moody's Investors Service, ("Moody's") assigned a Baa3 rating to Fieldwood Energy LLC (DIP)'s (Fieldwood) $100 million senior secured priming super-priority debtor-in-possession (DIP) delayed draw term loan. The DIP facility was provided by certain pre-petition first lien term loan lenders, which will help the company manage its operations and liquidity needs during the Chapter 11 reorganization process. The DIP facility has a final maturity date of August 4, 2021.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Apache Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.