|Bid||119.67 x 1200|
|Ask||122.15 x 900|
|Day's Range||120.90 - 121.94|
|52 Week Range||100.22 - 128.79|
|Beta (3Y Monthly)||0.75|
|PE Ratio (TTM)||16.78|
|Earnings Date||Jul 25, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||4.76 (3.96%)|
|1y Target Est||140.18|
Here Are Wall Street Analysts' Top Integrated Energy Picks(Continued from Prior Part)Analyst ratings for ChevronChevron (CVX) has the third-largest market cap of around $233 billion. As the graph below shows, 18 (or 75%) out of the 24 analysts
Exporting natural gas by setting up large liquefication plants is a very capital-intensive undertaking, with each unit running up multi-billion-dollar bills.
All eyes are on the tech sector after President Trump escalated the trade war with China by putting Chinese crown jewel Huawei on a blacklist. Predictably, many tech names fell hard on the day and the market sold off. There is nevertheless other news besides the tariff battle, and we're here to cover it. Let's […]
Chevron Corp. is offering electric car charging ports at a handful of gasoline stations in its home state of California, according to a statement Monday. While Chevron’s focus clearly remains on oil and gas, it’s following a trend of sorts in the industry as the price of battery-fueled cars shrinks. In January, Royal Dutch Shell Plc agreed to buy Greenlots, which will make it the first oil major to own a U.S.-based charging service, according to BloombergNEF.
FEATURE Renewable energy is remaking how countries generate power, with solar and wind adoption growing much faster than fossil fuel generation. But the world still has a stubborn “oil addiction” that shows little sign of slowing down, writes Bernstein analyst Oswald Clint, who tracked the growth in oil production against the growth in gross domestic product.
Benzinga has examined prospects for many investor favorite stocks over the past week. Bearish calls included biotechs and a recent IPO. Furthermore, investors also saw mixed economic numbers, as well as positive surprises in quarterly reports and initial public offerings, bad news for a market darling from the Supreme Court, and fresh news for whale watchers.
Chevron just made a big acquisition attempt that didn't pan out, but Exxon is confident that it doesn't need to go down a similar path.
Crude inventories jumped by 5.4 million barrels in the week to May 10, compared with analyst expectations for a decrease of 1.4 million barrels, the EIA said in its report.
French energy giant Total SA's planned acquisition of U.S. firm Anadarko's African assets is "perfectly fitting" with the company's overall strategy and helps play to its strengths, Chief Executive Patrick Pouyanne said on Thursday. Total agreed to buy all of Anadarko's oil-and-gas-producing assets outside the United States, including its biggest future expense, a multibillion-dollar liquefied natural gas project in Mozambique, for $8.8 billion. The deal is contingent on the wider, $38 billion proposed takeover of Anadarko Petroleum Corp by Occidental Petroleum Corp , which last month outmaneuvered rival Chevron, the No. 2 U.S. oil producer, which had also bid for Anadarko.
Whether it’s due to deal fever from the fight over Anadarko or not, transaction activity continued to pick up last week.
Are ExxonMobil, Chevron, Shell, and BP on the Rise in Q2?(Continued from Prior Part)Integrated energy stocks’ valuationIn this article, we’ll evaluate the forward valuations of integrated stocks ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell
When science teacher Diana Allen set out to teach climate change, a subject she'd never learned in school, she fell into a rabbit's hole of misinformation: Many resources presented online as educational material were actually junk.
Chevron will get a $1 billion breakup fee, and plans to increase its share buyback program to $5 billion a year. "Following the termination of the Chevron-Anadarko signed merger agreement ... our $144 12-month P/E, EV/DACF and dividend yield based target implies 24% total return.
It may seem like the outlook of Chesapeake Energy (NYSE:CHK) stock is becoming more favorable. Oil prices are higher, the early returns from CHK's recent acquisition are solid, and its last couple of quarterly results have looked decent at worst.Source: Chesapeake EnergyBut all that has done little for CHK stock, which continues to trend in the wrong direction.The recent fade of CHK stock only adds to the long-held frustrations of the owners of CHK. Chesapeake Energy stock has looked attractive for most of the last three years; I've recommended it myself on several occasions, while also highlighting the many risks posed by CHK stock.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Retirement Stocks That Won't Wilt in a Bear Market And Chesapeake Energy stock has made gains from time to time, climbing from $3 to $5+ last year, and doubling off its late December lows in the first part of 2019.Once again, however, CHK stock hasn't been able to hold its gains. And it's worth wondering when, if ever, that will change. The Case for Chesapeake Energy StockIn mid-2014, the shale bubble started to burst, and CHK stock was hammered. It was valued at $30 in mid-2014; in less than two years, CHK traded below $2 as bankruptcy rumors swirled.Since then, debt has been a big part of the contentions on Chesapeake Energy stock, by both sides. Bears and skeptics argue that CHK is one more oil price downturn away from bankruptcy fears returning. But in any case, the debt continues to weigh on the company and on CHK stock, limiting its ability to be as aggressive as it would like to be.For bulls, particularly from a valuation standpoint, the debt is a plus. CHK has a market cap of about $4 billion, which combined with that $10 billion in debt gives it an enterprise value of $14 billion. If one values Chesapeake's business at $1.4 billion, the value of CHK stock would jump 35% to $5.4 billion.So, fundamentally, the volatility of CHK stock makes some sense. And the recent downturn to $2.44 makes Chesapeake Energy stock more attractive, at least on paper. Another debt refinancing has pushed out maturities, giving the company breathing room. CHK continues to shift toward higher oil production, away from its legacy focus on natural gas, even as optimism toward U.S. shale oil is rising.CHK's acquisition of Wildhorse Resource Development seems to be a solid move, as I wrote when the deal was announced. It provides a larger asset base to back the debt - and more earnings to pay it off. And the company has shifted capital expenditure dollars to the Powder River Basin, where its acreage is performing exceedingly well at the moment.It seems like Chesapeake Energy itself is making progress. Yet Chesapeake Energy stock, save for the December bounce, isn't. Is This Time Different for CHK Stock?There are two broad issues at play when it comes to CHK stock. The first is that even with the recent bounce in oil prices, exploration and production stocks aren't doing all that well. Chesapeake Energy stock has lost about 28% of its value over the past year; but that performance is about average for its sector . Oil prices have fallen over that stretch, weighing on the sector's stocks.The second is that investors' patience with CHK stock likely is running out. Every Chesapeake earnings report seems to highlight CHK's potential. But its results simply haven't improved.Chesapeake has been targeting positive free cash flow for years, but it hasn't achieved that goal and probably won't this year. CHK has predicted that its adjusted EBITDAX (earnings before interest, taxes, depreciation, amortization, and exploration expense) will come in at $2.55 billion-$2.75 billion. But its interest expense of $500 million-plus and its expected capital expenditures of $2.1-$2.3 billion more than offset that.Chesapeake has been promising to pay down its debt for years. At the end of 2015, its long-term debt was $10.35 billion. CHK's debt is now nearly $10 billion, thanks to debt it assumed as part of the Wildhorse deal.The problem with the company's fundamentals, and with CHK stock, is that on paper, there's reason for optimism, but in practice, that optimism never seems to last. The Bottom Line on CHK StockSo what should investors do with Chesapeake Energy stock,? That's a tough question.On paper, bulls' contentions make some sense. And one thing CHK stock has proven is that it can bounce, even if those bounces soon fade. Certainly, nimble traders likely have done well with CHK, and that may be the case going forward as well.For investors, however, the decision is a little tougher. The acquisition of Anadarko Petroleum (NYSE:APC) by Occidental Petroleum (NYSE:OXY) could lead to more M&A activity in U.S. shale. But Chesapeake, given its huge levels of debt, probably won't become a takeover target.Even with Chevron (NYSE:CVX) likely on the prowl after losing out on Anadarko, and majors like Exxon Mobil (NYSE:XOM) potentially looking for shale assets, there are reasons for them to pass on CHK, at least in the near-term. And with the sector's stock prices still down over the past year, there are other, less-indebted, names that might be worth considering.I'm personally not ready to abandon my long-term bullishness on CHK stock just yet. But at a certain point, it's too difficult to keep fighting the tape. CHK stock has become a "show me" stock at this point, and other stocks seem to be better choices right now.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Retirement Stocks That Won't Wilt in a Bear Market * 5 Consumer Stocks Ready to Push Higher * 3 of the Best ETFs to Buy for a Play on Gold Stocks Compare Brokers The post What Will It Take to Finally Move Chesapeake Energy Stock Higher? appeared first on InvestorPlace.
Are ExxonMobil, Chevron, Shell, and BP on the Rise in Q2?(Continued from Prior Part)Short interest in integrated energy stocksShort interest in ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP) have seen mixed trends since
Chevron Corporation (NYSE: CVX ) threw in the towel on its bid for Anadarko Petroleum Corporation (NYSE: APC ) after rival Occidental Petroleum Corp. (NYSE: OXY ) stepped in with a higher bid. Chevron ...
Are ExxonMobil, Chevron, Shell, and BP on the Rise in Q2?(Continued from Prior Part)Institutional ownership in integrated energy stocksNow, we’ll review the changes in institutional ownership in BP (BP), Chevron (CVX), Royal Dutch Shell (RDS.A),
Are ExxonMobil, Chevron, Shell, and BP on the Rise in Q2?(Continued from Prior Part)Dividend payments in the second quarterChevron (CVX), Royal Dutch Shell (RDS.A), ExxonMobil (XOM), and BP (BP) have paid dividends consistently in the past few