|Bid||0.00 x 1000|
|Ask||0.00 x 4000|
|Day's Range||21.90 - 22.66|
|52 Week Range||7.73 - 26.13|
|Beta (5Y Monthly)||3.35|
|PE Ratio (TTM)||N/A|
|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.