|Bid||45.38 x 4000|
|Ask||45.60 x 900|
|Day's Range||44.83 - 45.56|
|52 Week Range||33.90 - 47.83|
|PE Ratio (TTM)||34.22|
|Forward Dividend & Yield||2.40 (5.22%)|
|1y Target Est||49.49|
LONDON/NEW YORK (Reuters) - The world's biggest oil traders are counting hefty losses after a surprise doubling in the price discount of U.S. light crude to benchmark Brent (WTCLc1-LCOc1) in just a month, as surging U.S production upends the market. "As the exporter of U.S. crude, traders are naturally long WTI and hedge their bets by shorting Brent.
Tallgrass Energy (TGE) is looking to solicit additional shipping commitments for Niobrara crude oil transportation service on the Iron Horse Pipeline.
“These transactions are significant for ConocoPhillips because they continue our strategy of coring up our legacy asset base in Alaska, while retaining an interest in the Clair Field in the U.K.”
Momentum traders look to take advantage of trends in a stock's price in the belief that these stocks will continue heading in the same direction - leading to timely and profitable trades.
BP p.l.c. (BP) is a pretty good value pick, as it has decent revenue metrics to back up its earnings and is seeing solid earnings estimate revisions as well.
Glencore PLC Chairman Tony Hayward is heading a new board committee to oversee the Anglo-Swiss mining giant’s response to a subpoena by the U.S. Department of Justice, the company said Wednesday. On July 3, Glencore said it had received a subpoena from the Justice Department relating to its compliance with the U.S. Foreign Corrupt Practices Act and money-laundering statutes. The company said it was asked to produce documents concerning Glencore’s business in Nigeria, Congo and Venezuela from 2007 to the present.
The Zacks Analyst Blog Highlights: Union Pacific, Twenty-First Century Fox, BP, Mondelez and TOTAL
BP, Mattel, Stitch Fix, Nordstrom and Urban Outfitters highlighted as Zacks Bull and Bear of the Day
Supply-side constraints are likely to extend gains in oil prices irrespective of trade war fears. This call for bets on top-ranked energy stocks.
BP p.l.c. (BP) seems well-positioned for future earnings growth and it is seeing rising earnings estimates as well, coupled with a solid Zacks Rank.
Oil markets appear to be getting more bullish by the day, with outages in Norway and Gabon adding to the supply fears caused by falling production in Venezuela, supply disruptions in Libya and sanctions on Iran
In this article, we’ll compare the forward valuations of integrated energy stocks ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP). CVX is also trading above the peer averages, but Shell and BP are trading below the peer averages on both metrics. Why are XOM and CVX trading at premium valuations while Shell and BP are trading at discounted valuations?