Previous Close | 22.34 |
Open | 22.31 |
Bid | 0.00 x 1000 |
Ask | 0.00 x 4000 |
Day's Range | 21.90 - 22.66 |
52 Week Range | 7.73 - 26.13 |
Volume | 6,828,505 |
Avg. Volume | 12,688,604 |
Market Cap | 14.835B |
Beta (5Y Monthly) | 3.35 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -7.12 |
Earnings Date | May 04, 2021 |
Forward Dividend & Yield | 0.63 (2.82%) |
Ex-Dividend Date | Mar 12, 2021 |
1y Target Est | 29.93 |
When governments shut down their economies last year to slow the spread of the coronavirus, it caused energy demand to fall off a cliff. Three that our contributors believe could directly benefit from the economic reopening are utility Consolidated Edison (NYSE: ED), refiner Phillips 66 (NYSE: PSX), and oil producer Devon Energy (NYSE: DVN). Reuben Gregg Brewer (Consolidated Edison): Consolidated Edison's utility business is focused on the New York City area.
The oil industry has an awful track record of creating shareholder value over the past decade. While oil-price volatility is one culprit, capital allocation has been another major factor contributing to the sector's poor performance. Oil companies have a history of chasing growth by investing in drilling as many wells as possible.
Cenovus (CVE) sets new targets of reaching net-zero emissions, while sticking to its core oil and gas business, to win over eco-minded investors.