|Bid||95.00 x 900|
|Ask||106.89 x 800|
|Day's Range||99.06 - 102.95|
|52 Week Range||96.54 - 133.53|
|Beta (3Y Monthly)||1.36|
|PE Ratio (TTM)||11.72|
|Earnings Date||Feb 25, 2019 - Mar 1, 2019|
|Forward Dividend & Yield||0.88 (0.86%)|
|1y Target Est||137.33|
These two industry leaders have been sabotaged by Wall Street's impatience in 2018, but they look attractive at current prices. One even pays a 4% dividend yield.
Another spill in oil prices this week has energy stocks in the red. The XLE energy ETF XLE has fallen more than 1 percent since Monday, on track for a second week in the red. Bill Baruch , president of Blue Line Futures, says the charts suggest both good and bad for the energy sector.
On December 12, US crude oil January futures fell 1% and closed at $51.15 per barrel. The market wasn’t expecting a decline of 1.2 million barrels in US crude oil inventories for the last week, which might have dragged oil prices. OPEC and its allies’ production cut might not have boosted the bullish sentiment for oil prices, which we discussed in the previous part.
On December 5–12, our list of oil-weighted stocks rose 7.4% compared to the 3.3% fall in US crude oil January futures. On average, our list of oil-weighted stocks underperformed US crude oil prices. All of the oil-weighted stocks closed in the red during this period.
HOUSTON , Dec. 12, 2018 /PRNewswire/ -- The Board of Directors of EOG Resources, Inc. (EOG) has declared a dividend of $0.22 per share on EOG's Common Stock, payable January 31, 2019 , to stockholders ...
HOUSTON , Dec. 12, 2018 /PRNewswire/ -- Announces Ambassador Frank G. Wisner Set to Retire from Board of Directors EOG Resources, Inc. ( EOG ) today announced the appointment of Julie J. Robertson to its ...
EOG Resources, Inc. (NYSE:EOG), a large-cap worth US$60b, comes to mind for investors seeking a strong and reliable stock investment. Most investors favour these big stocks due to their strong Read More...
On November 30–December 7, the United States Oil ETF (USO) and the United States 12-Month Oil ETF (USL) rose 3.5% and 4.6%, respectively. The ProShares Ultra Bloomberg Crude Oil ETF (UCO) rose 6.7%. These ETFs track US crude oil futures.
On December 7, the US 10-Year Treasury Constant Maturity Minus 3-Month Treasury Constant Maturity yield spread fell to ~45 basis points—a multiyear low. The contraction in the yield spread might be due to investors’ demand for a longer-dated maturity security than a shorter dated security. In the last three decades, when the yield spread turned negative, a recession started in the next year. Another contraction in the yield spread might be trouble for oil bulls. Oil is a growth-driven asset.
The Zacks Analyst Blog Highlights: Chevron, EOG Resources, Devon Energy, Occidental Petroleum and Diamondback Energy
Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying for a while now that the current market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the fourth quarter, […]
Though E&P stocks are surging today, the outlook doesn’t look great in the coming years, leading the firm to downgrade a slew of names.
The advisory committee of OPEC reportedly suggested 1.3 million barrels per day output curb last week from the production levels of October.
Energy stocks have had a difficult 2018. Mostly flat performance through most of the year turned into a tailspin in October as oil prices plunged from above $75 per barrel to below $50. That in turn has pinched oil companies that rely on elevated commodity prices to drive larger profits. The headwinds are clear. Demand has slowed to a crawl, and supplies have piled up despite production cuts from several nations. Fears about U.S.-China trade relations have weighed, as have worries about sanctions on Iran. It's no wonder why energy stocks have taken it on the chin. But the skies are starting to clear as we head into 2019. OPEC and other nations are beginning to discuss additional output curbs, and with U.S. shale producers running at full capacity, there really isn't much room for them to pick up any slack. The U.S. and China have made progress on trade talks, too, including a 90-day moratorium on increasing tariffs. Investors diving into the sector still need to be choosy. A rebound in oil is far from a certainty, which means it's necessary to put a premium on quality right now. Here, we look at the 10 best energy stocks to buy for 2019 - those that can best take advantage of the current energy environment. SEE ALSO: 101 Best Dividend Stocks to Buy for 2019 and Beyond
Devon Energy (DVN) isn’t expected to report a positive FCF (free cash flow) in the fourth quarter. Devon Energy’s management expects an excess cash inflow of $5 billion by the end of 2018 assuming WTI at $65 per barrel, natural gas prices at $3 per MMBtu, and current WCS (Western Canada Select) strip pricing when it released its third-quarter results.
In November, Devon Energy (DVN) fell 16.6%—the biggest decline on our list of upstream stocks. Our list of upstream stocks is based on the S&P 500 Index’s (SPY) upstream energy sector holdings.
In November 2018, Occidental Petroleum (OXY) gained 4.8%, the biggest gain among the upstream energy stocks in the S&P 500 Index (SPY).
A wave of mergers and acquisitions in the oil patch has sparked talk about continued consolidation in the sector. But not all executives are on the same page about deal-making.
EOG Resources (EOG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
As a result, the S&P 500 has pushed back over its 20-day and 200-day moving averages and some investors are turning their attention to energy stocks. Chevron (NYSE:CVX) shares have clambered back above its 20-day, 50-day, and 200-day moving averages to return to the highs that have been tested three times in November. Analysts are looking for earnings of $2.42 per share on revenues of $44.8 billion.