|Bid||0.00 x 1200|
|Ask||69.01 x 1800|
|Day's Range||65.52 - 67.49|
|52 Week Range||56.57 - 80.24|
|Beta (3Y Monthly)||0.90|
|PE Ratio (TTM)||12.61|
|Forward Dividend & Yield||1.22 (1.85%)|
|1y Target Est||N/A|
The Zacks Analyst Blog Highlights: Chevron, ConocoPhillips, Phillips 66, Marathon Petroleum and ProPetro
What Impacted the Energy Sector Last Week?US crude oil last week On March 15–22, US crude oil May futures rose 0.4% and closed at $59.04 per barrel. Last week, the contraction in Germany’s PMI index increased concerns about a global economic
Faced with a declining reserve base and a government mandate to increase domestic production, PetroChina went on a spending splurge last year. Its 256 billion yuan ($38 billion) in capital expenditures in 2018 was more than was spent by BP Plc, Chevron Corp. and ConocoPhillips put together. In reporting annual results Thursday, PetroChina announced plans to further raise the total to 301 billion yuan this year, or $45 billion.
A pair of community leaders from oil-producing counties in Colorado have filed paperwork for ballot initiatives that would undo sweeping oil and gas reforms proposed in the state and create a new regulatory body to oversee the industry. Weld County Commissioner Barbara Kirkmeyer and ex-Arapahoe County Commissioner John Brackney are the main backers of what they’re calling the Oil and Gas Independent Regulatory Act, four ballot questions that would repeal the massive, Democratic-backed oil and gas bill reform under consideration in the Colorado legislature, and replace the Colorado Oil and Gas Conservation Commission with a new oversight body.
The positive sentiments helped push oil prices to their highest level in four months on Wednesday, with WTI moving past $60 per barrel during intraday trading.
Noble Energy: Analysts' Recommendations(Continued from Prior Part)Mean target price Analysts’ mean target price for Noble Energy (NBL) is ~$32.8, which implies an ~31.5% upside based on its last closing price. In comparison, the target prices
What Could Impact Oil on March 22?US crude oil on March 21 On March 21, US crude oil May futures fell 0.4% to $59.98 per barrel. Profit-booking might be behind the small decline in US crude oil. Earlier in the trailing week, US crude oil May futures
(COP) stock (ticker: COP) was edging higher Thursday, after Piper Jaffray upgraded the stock, arguing it can rally back and outperform this year. While most energy stocks were crushed in 2018—especially as oil prices crumbled in the fourth quarter—ConocoPhillips didn’t get caught in the fray. Piper Jaffray’s Blake Fernandez upgraded ConocoPhillips stock to Overweight from Neutral with a $75 price target on Thursday.
Eni (E) conducts drilling activity in the exploration well 24/9-14S and the horizontal appraisal well 24/9-14A in the Froskelar Main prospect.
William Blair downgrading Biogen to market perform from outperformNeedham upgrading Apple to strong buy from buyCiti raising price target on Apple to $220 from $170Goldman Sachs upgrading Qorvo to buy ...
This Indicator Suggests All Is Not Well for OilYield spread On March 19, the US 10-Year Treasury Constant Maturity Minus 3-Month Treasury Constant Maturity yield spread fell to just ~14 basis points, the lowest level since August 9, 2007. In the
Noble Energy Has Outperformed Upstream Stocks in MarchNoble EnergySo far in March, Noble Energy (NBL) had outperformed upstream stocks that are part of the S&P 500 Index (SPY). Noble Energy stock has risen 8.4% in March. The S&P 500
UBS Raises Price Target for ConocoPhillipsUBS raises price target for ConocoPhillips Yesterday, UBS increased its price target for ConocoPhillips (COP) by $1 to $70. On March 5, Morgan Stanley increased it by $1 to $78. Of the 22 analysts tracking
Oil Bulls: US Oil Exports Tend to Fall MoreBrent-WTI spread On March 18, Brent crude oil May futures settled ~$8.2 higher than the WTI crude oil May futures. On March 11, the spread was ~$9.5. In the past five trading sessions, the Brent crude oil
Why Oil's Rise Might Be UnstoppableUS crude oil On March 18, US crude oil prices rose 1% and settled at $59.38 per barrel—the highest closing level for active US crude oil futures since November 12. The oil prices likely rose due to the falling
ConocoPhillips' (COP) strategic U.S. acreage position, efficient management and strong balance sheet set it apart from peers.
Energy Sector Highlights Last WeekUS crude oil last week On March 8–15, US crude oil April futures rose 4.4% and closed at $58.52 per barrel—the second-highest closing level for active US crude oil futures since November 12. In the past week,
What's behind Your Energy Portfolio Gains?US crude oil moved higher this week On March 14, US crude oil April futures rose 0.6% and settled at $58.61 per barrel, the highest closing level for US crude oil active futures since November 12. Moreover,
Jose Ignacio Hernandez, newly appointed as attorney general for Guaido’s growing parallel government, said there are "severe miscalculation errors" in the award, which resulted from the International Centre for Settlement of Investment Disputes’ decision to uphold Conoco’s claim that Venezuela unlawfully confiscated in 2007 its Hamaca and Petrozuata heavy crude oil projects in the Orinoco River basin. The appeal would another step in the efforts by Guaido, who’s been recognized by some fifty nations including the U.S. as the rightful president of Venezuela, to assert control over the country’s finances, cutting out President Nicolas Maduro’s regime.
Venezuela's opposition leader Juan Guaido plans to appeal the $8.75 billion award issued to ConocoPhillips by the World Bank's arbitration tribunal last week.
How Energy Commodities Are Influencing Upstream Energy StocksOil-weighted stocks are sensitive to oilThe following oil-weighted stocks could be sensitive to oil’s price movements based on their correlations with US crude oil April futures between