|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||50.00 - 50.52|
|52 Week Range||42.27 - 54.22|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.06 (2.00%)|
|1y Target Est||N/A|
2017 has delivered a frustrating one-two punch to Chesapeake Energy Corporation (NYSE:CHK). The CHK stock price sank for most of the year after briefly clearing $8 in December. Then, when oil prices finally rallied, boosting stocks in the sector, CHK seemed left out. In contrast, Devon Energy Corp (NYSE:DVN), also based in Oklahoma City, has seen a 32% jump off its lows and now has lost just 17% of its value in 2017.
BP plc (ADR) (NYSE:BP) finds itself rallying. After a decade of struggles, oil prices have risen, and BP stock has gone up with it. The BP stock price reached the low $40s for the first time since 2015.
Wednesday's vote in the Senate Energy Committee to approve language to allow oil exploration in ANWR is just one of many recent signs that Alaska's oil and gas industry is once again on the upswing, and will play a major role in President Trump's pursuit of American Energy Dominance.
Volatility is haunting the halls of the oil patch. Chief among them is ConocoPhillips (NYSE:COP). COP stock just suffered its first significant pullback since launching into a steep uptrend in September.
ConocoPhillips (COP) is seeing solid earnings estimate revision activity, and is a great company from a Zacks Industry Rank perspective.
Brazil oil giant Petrobras (PBR) reported disappointing third-quarter earnings on a steeper tax bill and lower sales volumes but had positive free cash flow for the 10th straight quarter.
Canadian oil producer Cenovus Energy Inc has put a package of some of its Deep Basin gas assets up for sale, the company's new chief executive said on Wednesday, adding that Cenovus was looking to reduce costs in the long term. "If there's anything that I might put a slight twist on strategy, it's going to be re-emphasizing the focus on bottom line, profitability and returning value," Alex Pourbaix said in his first news media briefing since taking charge last week. Cenovus has raised just under C$4 billion ($3.1 billion) of a targeted C$4 billion to C$5 billion to pay down debt incurred in buying some of ConocoPhillips' Canadian assets in March, as foreign oil majors retreated from the country.
The Zacks Analyst Blog Highlights: TOTAL S.A., Andeavor, Encana, ConocoPhillips and Noble Energy
As of October 31, 2017, ConocoPhillips's (COP) short interest stood at ~26.17 million, while its average daily volume is ~5.72 million.
TOTAL (TOT) agreed to buy LNG assets from utility company Engie for $1.5 billion. Meanwhile, Andeavor (ANDV) and Encana (ECA) came up with weaker-than-expected earnings reports.
U.S. stock indexes fell on Tuesday as General Electric shares plunged for a second straight day and a drop in crude oil prices hit energy stocks. Energy was the largest decliner among the 11 S&P 500 sectors as oil prices fell the most in a month. The International Energy Agency forecast rising U.S. crude output and had a gloomy outlook for global demand growth.
As of November 10, 2017, ConocoPhillips (COP) had an implied volatility of 22.1%, which is higher than its implied volatility of 21.5% at the end of 3Q17.
Hess (HES) provides operational update following the breakout of a fire at the Royal Dutch Shell's Enchilada platform in the Gulf of Mexico.
For the week ending November 10, ConocoPhillips stock showed a correlation of ~75% with crude oil. Movements in crude oil influenced ConocoPhillips stock.
The Zacks Analyst Blog Highlights: BP, Royal Dutch Shell, TOTAL S.A., ConocoPhillips and Repsol SA