|Bid||87.15 x 900|
|Ask||87.18 x 900|
|Day's Range||86.46 - 88.36|
|52 Week Range||80.41 - 133.53|
|Beta (3Y Monthly)||1.57|
|PE Ratio (TTM)||14.83|
|Earnings Date||Aug 1, 2019|
|Forward Dividend & Yield||1.15 (1.32%)|
|1y Target Est||114.90|
(Bloomberg) -- In an ironic twist, Schlumberger Ltd. is tapping as its chairman an executive who earned a reputation for building shale producers that bypass oil service companies.Mark Papa, 72, who will take over as chairman of the world’s biggest oilfield service provider next month, helped give birth to the U.S. shale boom a decade ago by building Enron Corp. castoff EOG Resources Inc. into one of the nation’s biggest explorers. He’s now running Centennial Resource Development Inc.In his new role, Papa will help Schlumberger’s next chief executive officer, Olivier Le Peuch, tackle an industry downturn as investors pressure producers to rein in spending and return cash to shareholders. Le Peuch, 55, and Papa will replace Paal Kibsgaard, 51, who’s stepping down as chairman and CEO.A key Papa trademark is bypassing technology from the oilfield servicers, opting instead for in-house innovations. It’s what led Paul Sankey, then an analyst at Wolfe Research, to dub EOG under Papa’s watch the “APPL of oil,” referring to the trading symbol for Apple Inc. Papa did that again at Centennial, hiring key former EOG executives to help make technology one of the pillars of his new company.“It wasn’t the service companies that provided the advances in shale technology,” Papa said with a chuckle in a 2017 interview. “They’re marketing that stuff and saying it was them, but it wasn’t the service companies that provided the technical breakthroughs.”Papa has encountered some roadblocks at Centennial, the blank-check company he founded after retiring from EOG in 2013. Shares of the explorer have plunged 46% this year as it joins other producers in trimming spending amid volatile oil prices.To contact the reporter on this story: David Wethe in Houston at email@example.comTo contact the editors responsible for this story: Simon Casey at firstname.lastname@example.org, Christine Buurma, Reg GaleFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
EOG Resources Inc NYSE:EOGView full report here! Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for EOG with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting EOG. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding EOG are favorable, with net inflows of $8.79 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. EOG credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
The Eagle Ford Shale in Texas is likely to experience heightened activity in the near-to-medium term with a portion of Permian capital set to land in this rich oil and gas-producing formation.
EOG Resources, Inc. (NYSE:EOG) is about to trade ex-dividend in the next 3 days. You will need to purchase shares...
Global equities took a breather on Tuesday as crude oil slipped lower despite OPEC plus Russia confirming a deal to continue oil production cuts at their meeting. West Texas Intermediate Crude has been battling with the confluence of its 50-day and 200-day moving averages, struggling to push definitively above the $60-a-barrel level.Also working against risk assets was President Donald Trump's fresh trade swipe at Europe, just as tensions with China are calming. European factory activity is already quite weak, so this is raising fears a protracted standoff could well send the Eurozone into recession. * 10 Stocks That Should Be Every Young Investor's First Choice Recessions, of course, are no good for energy demand. Here are four major oil and gas stocks to sell now ahead of a possible pullback:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Oil Stocks to Sell: Exxon Mobil (XOM)Shares of Exxon Mobil (NYSE:XOM) are rolling down out of multimonth resistance near $78 to drop back below its 50-day and 200-day moving averages. This coincides with the May trading range and risks a return to the late-May lows, which would be worth a loss of roughly 8% from here.The company will next report results on Aug. 2 before the bell. Analysts are looking for earnings of 97 cents per share on revenues of $69.6 billion. When the company last reported on April 26, earnings of 55 cents per share missed estimates by 19 cents on a 6.7% decline in revenues. Chevron (CVX)Chevron (NYSE:CVX) shares are dropping away from the prior highs hit in March and April, setting the stage for a test of the April-May lows near $114, which would be worth a loss of roughly 7% from here. The company recently backed away from a competing offer for Anadarko (NYSE:APC) after Occidental (NYSE:OXY) made a highly motivated offer. * 7 F-Rated Stocks to Sell for Summer The company will next report results on Aug. 2 before the bell. Analysts are looking for earnings of $1.98 per share on revenues of $41.2 billion. When the company last reported on April 26, earnings of $1.39 beat estimates by nine cents per share on a 6.8% decline in revenues. EOG Resources (EOG)EOG Resources (NYSE:EOG) shares are dropping back below their 50-day moving average and were unable to break above the 200-day moving average that has contained the upside since last October. The company was recently upgraded from neutral to buy by analysts at Goldman Sachs (NYSE:GS), just in time for what looks like a retest of the early June lows.The company will next report results on Aug. 1 after the close. Analysts are looking for earnings of $1.39 per share on revenues of $4.5 billion. When the company last reported on May 2, earnings of $1.19 per share beat estimates by 16 cents on a 10.3% rise in revenues. ConocoPhillips (COP)Shares of ConocoPhillips (NYSE:COP) are bonking into resistance from the mid-May highs. This continues a downtrend that has been in place since February and sets the stage for a drop back to its December lows near $56. That would be worth a loss of roughly 8% from here. Shares were recently upgraded by Mizuho analysts. They gave it a "buy" rating with an $80 price target. * The 7 Top Small-Cap Stocks Of 2019 The company will next report results on July 30 before the bell. Analysts are looking for earnings of $1.09 per share on revenues of $9.7 billion. When the company last reported on April 30, earnings of $1 per share beat estimates by 10 cents on more than $9 billion in revenues.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks That Should Be Every Young Investor's First Choice * 5 IPO Stocks to Buy -- According to Wall Street Analysts * The Top 10 Best Sectors in the Market for 2019 The post 4 Oil Stocks to Sell Now appeared first on InvestorPlace.
(Bloomberg) -- Here’s some good news for beleaguered International Business Machines Corp. investors: it’s about to become an aristocrat.Dividend forecasts compiled by Bloomberg show that the technology giant is poised to join the list of so-called Dividend Aristocrats, companies that have increased their dividend in 25 consecutive years, in 2020. The ascendancy to dividend royalty comes amid a five-year slide in IBM’s stock price that has seen it pare 26% of its value.Getting added to the elite list will force funds that track Dividend Aristocrats, such as the ProShares S&P 500 Dividend Aristocrats exchange traded fund, to purchase shares of the Armonk, New York-based company.IBM would join Automatic Data Processing Inc. as only the second information technology firm on the 57 company list. The addition would boost the weight of the information technology sector in the group to match that of energy companies.Dividend UpdateLooking beyond the aristocrats, energy firms were the biggest contributors to dividend growth in the second quarter of 2019, according to Bloomberg specialists. Cabot Oil & Gas Corp., Diamondback Energy Inc., Kinder Morgan Inc. and EOG Resources Inc. had quarter over quarter dividend increases greater than 25% contributing to the sector’s 6% quarter over quarter growth.Key InsightsBloomberg doesn’t projects any sector to out gain its third quarter 2017 or 2018 quarterly dividend growthFinancials are expected to see the pace of growth drop to 5.5% from 12.4% in 3Q 2018.Among aristocrats, Bloomberg’s projected 12 month dividend yield is expected to reach 6.02% for AbbVie Inc. and 6.16% at AT&T Inc.The projected dividend yield on the KBW Bank Index surpassed the yield on the Dow Jones Utility Average a week ago for the first time since February 2009, according to data compiled by Bloomberg13 of the 24 companies in KBW’s index are expected to raise dividends or say they will consider doing so after the latest Federal Reserve stress tests\--With assistance from Jessica Beatus, Christopher Rung and Zhuo Zhang.To contact the reporter on this story: Alex Tanzi in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Alex Tanzi at email@example.com, Brandon KochkodinFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The South Texas Drilling Permit Roundup is a weekly review of new drilling permit applications filed with the Railroad Commission of Texas for a 67-county area of South Texas.
Norway's $1 trillion sovereign wealth fund maintained that the decision was prompted by financial considerations and is not an ethical drive.
HOUSTON , June 18, 2019 /PRNewswire/ -- EOG Resources, Inc. (EOG) will host a conference call and webcast to discuss second quarter 2019 results on Friday, August 2, 2019 , at 9 a.m. Central time ( 10 ...
As we already know from media reports and hedge fund investor letters, many hedge funds lost money in fourth quarter, blaming macroeconomic conditions and unpredictable events that hit several sectors, with technology among them. Nevertheless, most investors decided to stick to their bullish theses and recouped their losses by the end of the first quarter. […]
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of EOG Resources, Inc...