44.25 0.00 (0.00%)
After hours: 6:00PM EDT
|Bid||44.25 x 1100|
|Ask||44.30 x 3100|
|Day's Range||43.71 - 44.42|
|52 Week Range||33.90 - 47.83|
|PE Ratio (TTM)||33.37|
|Forward Dividend & Yield||2.40 (5.22%)|
|1y Target Est||49.49|
In the previous part of this series, we looked at BP’s (BP) earnings estimate for Q2 2018. Now let’s look at expectations for BP’s upstream earnings trend in the second quarter. BP’s upstream earnings are reliant on crude oil prices and hydrocarbon volumes.
Short interest (as a percentage of outstanding shares) in BP (BP) has fallen by 0.05 percentage points since April 2 to the current level of 0.12%. This fall implies that the bearish sentiment in the stock has decreased. During the same period, BP stock has risen 11.8%.
BP (BP) is expected to post its Q2 2018 results on July 31, 2018. Before we proceed with BP’s Q2 2018 estimates, let’s look at how the company performed in Q1 2018 in comparison to its estimates.
The oil market is weird. Standard Widgets, however, is lucky enough to have its factory built next to a major port and rail terminal, keeping distribution costs low, while WidgetKing’s founder loved the mountains and thought trains would never catch on. Thus, Standard Widgets can undercut its rival on price every time.
Well, the PED stock forecast is far from sunny. As a result, small oil and gas companies like Pedevco have been going bust at a rapid pace in recent times. As PED stock owners are likely to discover in coming months, merely avoiding bankruptcy doesn’t mean the common stock is suddenly a bargain.
Chesapeake Energy Corporation ( CHK) shares fell more than 5% on Monday after Libyan production sent crude oil prices sharply lower. After crude oil's significant rally over the past year, the market was ripe for a correction, and the reopening of four ports in Libya was enough to offset early strength from a drop in U.S. production. Chesapeake Energy was one of the worst hit companies, but energy stocks experienced a broad decline.
As cryptocurrencies have continued to grow in popularity (even in spite of diminished prices in 2018), it may be only a matter of time before major companies across the country launch their own unique digital currency offerings. A unique corporate cryptocurrency could have numerous benefits, including increasing the likelihood of customer access to a better product, the building of brand loyalty, and more. Crypto Daily highlights a hypothetical digital currency launch by a company like Coca Cola ( KO).
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.
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