65.14 0.00 (0.00%)
After hours: 4:44PM EST
|Bid||64.94 x 900|
|Ask||66.00 x 1200|
|Day's Range||65.14 - 68.07|
|52 Week Range||48.97 - 80.24|
|Beta (3Y Monthly)||1.51|
|PE Ratio (TTM)||12.90|
|Earnings Date||Jan 30, 2019 - Feb 4, 2019|
|Forward Dividend & Yield||1.22 (1.83%)|
|1y Target Est||84.16|
Traders discuss whether they should trust the bounce in energy. And Carter Worth, Cornerstone Macro, looks at the best names to buy on an energy bounce. With CNBC's Bob Pisani and Scott Wapner, and the Fast Money traders, Tim Seymour, Karen Finerman, B...
Micron (NASDAQ:MU) stock has recovered somewhat from a drop in NAND and now DRAM memory prices. Falling demand wiped out almost half of the value of Micron stock despite rock-bottom price-to-earnings (PE) ratios. More recently, it has recovered somewhat amid a more general stock price recovery.
"We are working on stabilising the vessel," Norwegian Navy Counter-Admiral Nils Andreas Stensoenes told a news conference, adding that the eight injured were all Navy crew. Police and the national Accident Investigation Board were investigating the accident, which took place at 0326 GMT. The tanker had left Equinor's (EQNR.OL) Sture oil shipment terminal with a cargo of crude, and the facility was shut for several hours on Thursday as a result.
After hitting decade lows back in 2016, a rising economy, increased demand, and a drop-in supply have sent average crude oil prices up more than 69% since its lows. For many energy stocks, this has been a godsend. A variety of independent energy producers from ConocoPhillips (NYSE:COP) to EOG Resources (NYSE:EOG) have seen profits and cash flows surge.
The Anglo-Dutch and French majors are the only companies among Big Oil to have set long-term plans to significantly reduce their carbon intensity -- or the level of emissions per unit of energy produced. “TPI research raises very important questions about how investors such as ourselves view oil & gas companies,” said Alvaro Ruiz-Navajas, portfolio manager at BNP Paribas Asset Management. Total, BP, Conoco and Reliance didn’t immediately respond to requests for comment.
The price oil has now fallen nearly into a bear market dropping from an intraday high of $76.88 on October 3 to around $62.00 as of November 6, a decline of 19%. Despite the steep declines that technical analysis predicts, some analysts have been increasing their earnings and revenue forecast for some of these energy companies.
The U.S. oil giant will deliver its results Wednesday, and investors will want to take a close look at its spending plans.
Venezuela's crude sales to the United States declined 19 percent in October from September due to lower exports of upgraded oil from the country's largest producing region, the Orinoco Belt, according to Refinitiv Eikon data on Tuesday. A chronic lack of investment, new military-led management at state-run oil company Petroleos de Venezuela SA, known as PDVSA, and sanctions imposed on the company by U.S. President Donald Trump's administration have contributed to lower exports of Venezuelan oil in recent years, especially to the United States. Shipments of Venezuelan crude to the United States had exceeded 600,000 barrels per day (bpd) in September as PDVSA raised cash to pay creditors, including bondholders and U.S. producer ConocoPhillips.
The stock market was focused on how well Q3 went for the oil industry bigwig, but it missed hints about what's to come.
Given the improving prospects for its industry, Chevron stock will serve some types of investors very well regardless of whether it meets estimates. Wall Street forecasts an earnings per share (EPS) of $2.06 for CVX stock. At that time, Chevron reported $36.2 billion in quarterly revenue.
ConocoPhillips (COP) today announced the completion of its previously announced transaction to sell its Barnett assets to Lime Rock Resources for approximately $230 million plus net customary adjustments. ConocoPhillips is the world’s largest independent E&P company based on production and proved reserves. Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 17 countries, $71 billion of total assets, and approximately 11,100 employees as of Sept. 30, 2018.
NEW YORK, Nov. 01, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
The Zacks Analyst Blog Highlights: Comcast, ConocoPhillips, Delta Air Lines, ServiceNow and Zimmer Biomet
The one earnings report from the energy sector that could taint the whole group’s quarter, however, lies ahead. Exxon Mobil (NYSE:XOM) will be posting its Q3 results on Friday morning, leaving owners of XOM stock with a tough decision to make between now and then. There’s a reason XOM stock is one of the lowest-rated integrated oil and gas stocks among the majors right now.
ConocoPhillips has completed the sale of its assets in the Barnett shale play in North Texas to Lime Rock Resources for approximately $230 million.