|Bid||68.24 x 900|
|Ask||68.25 x 1100|
|Day's Range||67.50 - 68.47|
|52 Week Range||46.75 - 76.70|
|Beta (3Y Monthly)||1.84|
|PE Ratio (TTM)||86.78|
|Earnings Date||Oct 30, 2018|
|Forward Dividend & Yield||1.00 (1.48%)|
|1y Target Est||86.43|
Jim Cramer picks the energy sector's power players, which include shares of oil refiners as well as exploration and production entities.
CNBC's Jim Cramer picks the energy sector's power players, which include shares of oil refiners as well as exploration and productoin entities. Among the "Mad Money" host's favorites are Marathon Petroleum and EOG Resources. With stocks trying to recover from last week's painful selling, CNBC's Jim Cramer wanted to continue his marketwide power rankings to find plays worth buying at these levels.
* Tohoku Electric Power Co said it had signed the first contract by a Japanese buyer to procure up to 280,000 tonnes per year of liquefied natural gas (LNG) from Mozambique LNG project for 15 years from the start of production in the early 2020s. * The contract was signed with a company set up by Mozambique LNG project participants such as Anadarko Petroleum, the company said.
HOUSTON (Reuters) - Major oil producers and drillers, including Exxon Mobil Corp (XOM.N), Chevron Corp (CVX.N) and BP Plc (BP.L), on Thursday began returning workers and restoring output at U.S. Gulf of ...
Moody's Investors Service has assigned an initial Aa3 rating to The Woodlands Metro Center Municipal Utility District, of Montgomery County, TX's $4.8 million Unlimited Tax Bonds, Series 2018. The initial Aa3 rating reflects the sizeable and entirely commercial district's favorable location within the Township of The Woodlands (Aa1).
Meanwhile Senate Democratic efforts are getting cash infusions from environmental and labor groups and more.
Oil majors in the Gulf of Mexico have started to evacuate drilling platforms and shut in production ahead of hurricane Michael
About 93.0% of analysts surveyed by Reuters rate Diamondback Energy (FANG) a “buy,” and the remaining 7.0% rate it a “hold.” Oppenheimer recently initiated coverage on FANG with an “outperform” rating, which is equivalent to “buy.”
In the week ending October 5, upstream energy stocks rose for the fourth consecutive week. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP), which includes 56 upstream companies, rose 0.8% last week. XOP’s gains could be attributed to the rise in commodity prices. US natural gas rose 4.3% last week and ended at $3.14 per MMBtu (million British thermal units). Read Natural Gas Is at an Eight-Month High: What’s Next? for an update on natural gas.
Rating Action: Moody's assigns initial Aa3 to The Woodlands Metro. New York, October 08, 2018 -- Moody's Investors Service has assigned an initial Aa3 rating to The Woodlands Metropolitan Center Municipal Utility District, of Montgomery County, TX's $4.8 million Unlimited Tax Bonds, Series 2018. The initial Aa3 rating reflects the sizeable and entirely commercial district's favorable location within the Township of The Woodlands (Aa1).
Anadarko Petroleum Corp on Monday shut its Marlin and Horn Mountain oil and gas platforms in the U.S. Gulf of Mexico and evacuated staff ahead of Hurricane Michael, the company said. Other offshore producers, including Exxon Mobil, BP and BHP Billiton also shut some production in preparation for the storm, which is anticipated to make landfall along the eastern part of the Gulf on Wednesday. About 19 percent of oil output in the U.S. Gulf of Mexico had been shut by midday on Monday, according to regulators.
HOUSTON , Oct. 8, 2018 /PRNewswire/ -- Anadarko Petroleum Corporation (NYSE: APC) will host an investor conference call on Wednesday, Oct. 31, 2018 , at 8 a.m. CDT ( 9 a.m. EDT ) to discuss its third-quarter ...
LONDON/SINGAPORE, Oct 3 (Reuters) - The launch of a massive liquefied natural gas (LNG) export project in Canada could fire the starting gun on a wave of other approvals around the world, potentially curbing a supply crunch expected after 2020. Royal Dutch Shell on Tuesday said it would export LNG from the west of Canada by 2025 after approving a C$40 billion ($31.2 billion) project capable of initially producing 14 million tonnes a year. The Canada and Qatar developments will significantly boost the around 300 million tonnes of LNG traded per year, helping ease a supply shortage expected in the next decade amid surging appetite for cleaner fuels from places such as China and wider Asia.
Oil and gas companies and their supporters have poured $20.3 million since August into a campaign to defeat a Colorado ballot initiative that would limit new drilling in populated areas, according to state financial filings released on Tuesday. Colorado, the sixth largest and one of the fastest growing U.S. oil-producing states, votes on Nov. 6 on a citizens' petition that would require new wells be at least 2,500 feet (762 m) from homes, schools and parks. The initiative, which received 172,834 signatures to get a spot on the ballot, was aided in part by the deaths of two men last year in an explosion caused by gas leaking from an abandoned well near a home in Firestone, Colorado.
In the week ending September 28, upstream energy stocks continued their winning streak for the third consecutive week. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP), which includes 56 upstream companies, rose 1.9% last week. Overall, XOP gained 2.2% last month. Last week, XOP’s gains were due to the rise in commodity prices and the narrowing of the WTI spreads.
The launch of a massive liquefied natural gas (LNG) export project in Canada has finally fired the starting gun on a wave of plan approvals around the world, needed to avoid a supply crunch after 2020. Royal Dutch Shell (RDSa.AS) said it would export LNG from Western Canada by 2025 after approving a $14 billion project, hot on the heels of Qatar's commitment last week to expand its facilities. The two announcements, adding 37 million tonnes a year (mtpa) to the 290 million tonnes traded in 2017, are just the start of project approvals - known as final investment decisions (FIDs) - that have been waiting in company drawers while LNG prices recovered from a three-year slump.
The launch of a massive liquefied natural gas export project in Canada has finally fired the starting gun on a wave of plan approvals around the world, needed to avoid a supply crunch after 2020. Below ...
So far in this series, we’ve looked at Devon Energy’s (DVN) market performance, technical indicators, and price forecast. Now let’s analyze its current valuation compared to its peers and historical levels.
Devon Energy (DVN) continues to trade below its short-term (50-day) moving average. It was trading 6.2% below its 50-day SMA (simple moving average) and 0.8% above its 200-day SMA as of September 26. The 200-day SMA should act as a support for DVN. In comparison, DVN’s peers Anadarko Petroleum (APC) and EOG Resources (EOG) were trading 0.8% and 5.3%, respectively, above their 200-day SMAs.
Devon Energy (DVN) has been sluggish over the past month despite the gains in crude oil and natural gas prices. DVN fell 8% in September, while crude oil and natural gas gained 2.5% and 3.6%, respectively.
The noise from drilling and fracking has obscured oil's next revolution: computer algorithms running wells, promising less pollution and more profits.