|Bid||0.00 x 4000|
|Ask||0.00 x 900|
|Day's Range||39.86 - 40.22|
|52 Week Range||36.15 - 47.83|
|Beta (3Y Monthly)||0.34|
|PE Ratio (TTM)||15.51|
|Forward Dividend & Yield||2.46 (6.09%)|
|1y Target Est||49.15|
“Mikhail Fridman said: ‘Would you like to invest some money for me?”’ Browne recalled in an interview, relaxing in a white chair in his characteristically stylish London office. Browne, the consummate deal-making CEO who turned Britain’s BP Plc into a global oil giant, already shared a very profitable history with Fridman. When it was bought out by state oil company Rosneft Oil Co. PJSC in 2013, Fridman came away with a pile of cash.
Crude oil prices closed higher after an up-and-down session Wednesday after data showed a surprisingly sharp divergence in domestic supplies.
Will Shell’s Q4 Earnings Meet Analysts’ Expectations?(Continued from Prior Part)Analysts’ ratings for ShellIn this series, we’ve reviewed Royal Dutch Shell’s (RDS.A) fourth-quarter estimates, earnings prospects by segment, stock returns,
The Zacks Analyst Blog Highlights: Royal Dutch, SemGroup, Nabors Industries, TechnipFMC and BP
Will Shell’s Q4 Earnings Meet Analysts’ Expectations?(Continued from Prior Part)Shell’s earnings performanceLet’s analyze Royal Dutch Shell’s (RDS.A) earnings performance by segment in the third quarter of 2018 and then move on to its
Royal Dutch Shell (RDS.A) started up its fourth linear alpha olefins unit at its Geismar chemicals plant, while SemGroup (SEMG) and KKR teamed up for a Canadian midstream infrastructure platform.
Will Shell’s Q4 Earnings Meet Analysts’ Expectations?Third-quarter estimated and actual performancesRoyal Dutch Shell (RDS.A) plans to release its fourth-quarter earnings results on January 31. Before we review the company’s fourth-quarter
Venture Global LNG Inc urged U.S. energy regulators on Tuesday to approve construction of its planned Calcasieu Pass liquefied natural gas (LNG) export terminal in Louisiana by Jan. 22. "We have made very significant financial commitments to our vendors and suppliers, acting in reliance on the expectation the Commission will act on a timely basis in accordance with its established schedule," Venture Global said, noting that schedule called for a decision by Jan. 22. The Calcasieu Pass facility is designed to produce about 10 million tonnes per annum (MTPA) of LNG, or about 1.3 billion cubic feet per day (bcfd) of natural gas.
Eneco, which is valued by analysts at around $3.4 billion, is heavily invested in green energy projects and complements Shell's (RDS.A) New Energies division quite well.
The latest agreements signed by the company further reinforce Eni's (E) presence in The Sultanate of Oman as well as strengthen its alliance with OOCEP.
Azerbaijan will be in focus for BP (BP) in the coming years as the country's exploration program is of profound importance, per Bloomberg.
The Trans-Adriatic Pipeline (TAP) has completed its 3.9 billion euro (£3.5 billion) project financing, paving the way for construction to be completed for start-up in 2020, its managing director said on Friday. TAP, the final leg of a $40 billion (£31.3 billion) project called the Southern Gas Corridor to transport gas from Central Asia to Western Europe, is a cornerstone of the European Union's energy security policy to wean the bloc off Russian gas supplies. With the first delivery of gas to Europe expected in 2020, TAP will be the first non-Russian gas pipeline to supply Europe since the Medgaz link, which started deliveries from Algeria to Spain in 2011.
Nymex crude oil futures are up a bull market 23.1% since trading as low as $42.38 per barrel on Dec. 24. Longer term, crude oil remains in a bear market, 32.2% below its Oct. 3 high of $76.90 per barrel with Chevron and Exxon Mobile in correction territory. Chevron is 15.4% below its Jan. 16, 2018 high of $133.88 and Exxon is 18.9% below its Jan. 29, 2018 high.
According to the GuruFocus All-In-One Screener, the following health care stocks are popular among guru investors. Warning! GuruFocus has detected 5 Warning Signs with BP. The company, which explores oil and natural gas, has a market cap of $134.61 billion.
Amid the uproar over the wildly unstable markets, the usual suspects like technology or retail garnered the most attention. However, the deterioration in oil stocks presents one of the more troubling economic indicators. While drivers appreciate the discount at the pump, a deflated energy sector typically means a slowdown in commerce. That said, the benchmark indices have witnessed a sharp rise in sentiment. For instance, the Dow Jones Industrial Average has gained over 3% this month. Likewise, oil and energy stocks have benefited the most from the resurgence. West Texas Intermediate is up over 14% in January, while the international benchmark Brent Crude Oil jumped 13%. Still, I'd take a cautious approach to oil & gas stocks at this juncture. Countries awash in "black gold," such as Saudi Arabia, are attempting to diversify their economies away from commodity dependency. They know firsthand the threat that suddenly declining prices pose. Further, efforts to artificially raise demand with production cuts have failed. InvestorPlace - Stock Market News, Stock Advice & Trading Tips But on the flipside, energy stocks offer longer-term opportunities, if you know where to look. A major oversight is the focus on quantity and not quality. For example, shale-derived oil is too light to meet industrial demand for diesel. Therefore, demand for midstream and downstream oil stocks can jump when the supply of appropriate commodities dwindles. Under the current environment, upstream oil & gas stocks present challenges. However, this segment shouldn't be ignored. Proven companies that profit from their exploration dollars could move higher, especially if the newfound bullishness in oil sustains itself. * 10 Key Emerging-Market Stocks to Buy for Contrarian Investors Undoubtedly, this is a tricky segment. But if you have the nerve, here are five oil stocks to consider: ### BP (BP) Source: Mike Mozart via Flickr Drilling for oil is a centuries-old business. As such, it's easy to think that the industry remains an unsophisticated, crude affair, no pun intended. However, energy stocks are rapidly becoming dependent on innovative technologies, with BP (NYSE:BP) lending a recent example. A few days ago, BP announced that it discovered one billion barrels of crude in the Gulf of Mexico. Specifically, the company hit pay dirt at its Thunder Horse field, which is located off the tip of Louisiana. But what made this announcement distinct was how BP made its discovery: Using advanced seismic technology and data processing, BP accelerated its analytics. Management stated that using prior-generation tech, the Thunder Horse finding would have taken years. Now, it takes just weeks. Of course, upstreaming is risky in a volatile market due to the expenses involved in exploration efforts. But BP's seismic tech sounds like a gamechanger that separates it from lesser oil stocks. ### Kinder Morgan (KMI) Source: Roy Luck via Flickr Part of the complexity involved in assessing energy stocks is the underlying product diversity. For instance, different oil viscosities lend to variances in performance and functionality. At its most elemental level, oil and gas products serve specific needs. Understanding these nuances can help navigate you toward the best investment. With that in mind, if I had to make a pick among oil & gas stocks, I'm putting Kinder Morgan (NYSE:KMI) on my short list. In recent years, natural gas production has skyrocketed in the U.S. This has created a viable market that didn't previously exist in such scale. As a result, Kinder Morgan's midstream operations should continue to enjoy long-term demand. While KMI has exposure up and down the supply chain, its network of gas pipelines primarily rings the cash registers. Loosely speaking, the company operates a subscription business model: clients pay KMI based on the amount of gas sent through the pipelines. * 10 Stocks You Can Set and Forget (Even In This Market) No matter what happens to natural gas prices, transportation of energy-related commodities will remain a vital business venture. ### Magellan Midstream Partners (MMP) Source: Tony Webster via Flickr Over the last few volatile years, most oil stocks simply operated on survival mode. After absorbing devastating losses in 2014 and 2015, most sector players' financials look understandably awful. On the other hand, we have exceptions like Magellan Midstream Partners (NYSE:MMP). Since 2015, MMP has provided consecutive annual revenue growth, and momentum remains strong. In its most recent quarter, MMP delivered sales of $638 million, up over 11% year-over-year. Moreover, the company generates consistently positive free cash flow and features a fairly stable balance sheet. Despite the general wildness in oil stocks, MMP should continue to deliver the goods. Management is eyeing overall growth, as evidenced by the constant expansion of its refined-petroleum products pipeline in Texas. More importantly, the organization is broadening its scope while emphasizing fiscal discipline. ### Valero Energy (VLO) Source: Mike Mozart via Flickr Even compared to other troubled energy stocks, Valero Energy's (NYSE:VLO) precipitous downturn surprised many observers. After putting up outstanding numbers throughout most of 2018, the final quarter proved insurmountable. Between the beginning of October and the end of December, VLO had sunk 34%. But for current speculators, the extreme bearishness in Valero shares have taken down significant risk. For starters, we have to go back to November 2017 to see prices this low. More importantly, management has sparked a fiscal revival. Thanks to key acquisitions, Valero's revenue and profitability metrics have improved dramatically since 2016. * 7 Stocks at Risk of the Global Smartphone Slowdown I see more of the same in 2019, especially with its merger with Valero Energy Partners. Overall, the organization has solid financial standing, which has proven valuable in terms of shareholder payouts. ### Occidental Petroleum (OXY) Source: Hayden Irwin via Flickr Like other energy stocks, Occidental Petroleum (NYSE:OXY) incurred a disjointed year in 2018. In the first half, OXY appeared very promising, gaining over 15%. Unfortunately, sector turbulence combined with a broader market meltdown cratered the company. After the dust settled, OXY had shed more than 13% last year. Still, I wouldn't rule out a comeback. Since hitting a sales bottom in 2016, Occidental has been on a tear. Prior acquisitions have proved vital, with OXY returning to annual profitability in 2017, and is on course for a repeat performance in 2018. Moreover, the leadership team have anticipated multiple oil-pricing scenarios. Should a barrel of crude drop to $40, OXY asserts that it can pay its dividends, and not overspend its cash flow. The sector is volatile, but I doubt that it will get that bad. Therefore, OXY presents an intriguing contrarian case. As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks You Can Set and Forget (Even In This Market) * 10 Virtual Assistants for the Future of Smart Homes * 7 5G Stocks to Buy as the Race for Spectrum Tightens Compare Brokers The post 5 "Discounted" Oil Stocks to Buy After a Tough 2018 appeared first on InvestorPlace.
XOM, CVX, Shell, and BP: How Will Their Q4 Earnings Shake Out? (Continued from Prior Part) ## Analysts’ ratings for integrated energy companies In the previous article, we began reviewing integrated energy companies’ analyst ratings ahead of their fourth-quarter earnings results. We compared the overall ratings of four companies: ExxonMobil (XOM), Royal Dutch Shell (RDS.A), BP (BP), and Chevron (CVX). We also looked at analysts’ rating details for Shell and Chevron. Now let’s look at analysts’ rating details for BP and ExxonMobil. ## Why are analysts’ opinions on BP divided? Analysts’ opinions on BP are divided likely due to the company’s high earnings growth expectation and weak debt position. In 2018, analysts expect BP’s earnings to rise ~96%, which seems achievable given its higher upstream and stable downstream earnings in the first nine months of the year. In the same period, BP’s adjusted earnings more than doubled YoY (year-over-year). However, BP’s debt ratio (total debt-to-total capital) of 38% stood higher than those of its peers in the third quarter. ExxonMobil’s, Chevron’s, and Royal Dutch Shell’s ratios stood at 17%, 19%, and 28%, respectively, in the quarter. Analysts may keep their “hold” and “sell” ratings for BP until the company’s debt ratio plunges below the peer average. BP’s mean target price stands at $49 per share, implying a potential 23% rise from its current level. ## ExxonMobil’s high “hold” and “sell” ratings ExxonMobil is a financially healthy company with a comfortable debt position and an excellent liquidity position. In fact, in the third quarter, ExxonMobil had the lowest total debt-to-total capital ratio in the industry. Also, the company had surplus cash from operations after covering its capex and dividend payments in the first nine months of the year. However, ExxonMobil stock is trading at a premium to the peer average. It has a forward PE of 13.9x, the highest among its peers. Presumably due to its premium valuations, many analysts have rated the stock as a “hold” or a “sell.” Browse this series on Market Realist: * Part 1 - XOM, CVX, Shell, and BP: How Will Their Q4 Earnings Shake Out? * Part 2 - Chevron to Post the Highest Earnings Growth in Q4 * Part 3 - ExxonMobil Ranks Second with 33% Estimated Earnings Growth in Q4
On CNBC's "Mad Money Lightning Round" , Jim Cramer said Turtle Beach Corp (NASDAQ: HEAR ) has come down a lot and it looks all right now. Cramer doesn't mind Chevron Corporation (NYSE: CVX ), ...
Energy stocks have had a difficult 2018. Mostly flat performance through most of the year turned into a tailspin in October as oil prices plunged from above $75 per barrel to below $50. That in turn has pinched oil companies that rely on elevated commodity prices to drive larger profits. The headwinds are clear. Demand has slowed to a crawl, and supplies have piled up despite production cuts from several nations. Fears about U.S.-China trade relations have weighed, as have worries about sanctions on Iran. It's no wonder why energy stocks have taken it on the chin. But the skies are starting to clear as we head into 2019. OPEC and other nations are beginning to discuss additional output curbs, and with U.S. shale producers running at full capacity, there really isn't much room for them to pick up any slack. The U.S. and China have made progress on trade talks, too, including a 90-day moratorium on increasing tariffs. Investors diving into the sector still need to be choosy. A rebound in oil is far from a certainty, which means it's necessary to put a premium on quality right now. Here, we look at the 10 best energy stocks to buy for 2019 - those that can best take advantage of the current energy environment. ### SEE ALSO: 101 Best Dividend Stocks to Buy for 2019 and Beyond
Not that TransCanada Corp., the pipeline company still slogging away at getting Keystone XL up and running, is ashamed of its heritage, you understand. Only recently, the Norwegian company formerly known as Statoil shifted to Equinor ASA to signal it’s down with the whole energy-transition thing (and equality, equilibrium and suchlike, apparently). Beating it to the punch was near-neighbor Ørsted ASA of Denmark, which changed its name from DONG because it had ditched oil and gas for wind energy, and also maybe it was just a good idea anyway.
XOM, CVX, Shell, and BP: How Will Their Q4 Earnings Shake Out? (Continued from Prior Part) ## Analysts’ ratings for integrated energy companies ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP) have been analyzed by 22, 23, 11, and 11 analysts, respectively. Of the total analysts rating each stock, 32%, 78%, 82%, and 55% have rated ExxonMobil, Chevron, Shell, and BP as “buys,” respectively. We’ll look at the details of Shell and Chevron in this article and the details of BP and ExxonMobil in the next article. ## Shell has the most “buy” ratings Shell has received the most “buy” ratings among the integrated energy stocks under review. Shell’s mean target price is $79 per share, which implies a ~31% rise from its current level—the highest implied gain among the four companies. Shell’s financials have been strengthening. In the third quarter, its adjusted earnings rose 35% YoY (year-over-year). Its total debt also reduced by $10 billion YoY in the third quarter—a vast improvement. The company’s total debt-to-total capital ratio and net debt-to-EBITDA ratio stood below the peer averages, implying a comfortable debt position. ## Chevron’s analyst ratings Chevron has the second-best debt position in the industry. Its cash flow position improved in the first nine months of 2018. The company’s cash flow from operations rose 51% YoY to $21.5 billion in the first nine months of the year due to higher upstream earnings led by higher realizations and record volumes. This volume growth indicates that Chevron’s capital-intensive megaprojects, such as Gorgon and Wheatstone, have now started yielding results, making its upstream portfolio and production healthier. Stronger cash flows also led to the initiation of its share buyback program, resulting in rising shareholder returns. Chevron’s mean target price is $140 per share, which implies a potential ~26% rise from its current level. Continue to Next Part Browse this series on Market Realist: * Part 1 - XOM, CVX, Shell, and BP: How Will Their Q4 Earnings Shake Out? * Part 2 - Chevron to Post the Highest Earnings Growth in Q4 * Part 3 - ExxonMobil Ranks Second with 33% Estimated Earnings Growth in Q4