|Bid||0.00 x 3200|
|Ask||0.00 x 1300|
|Day's Range||8.05 - 8.50|
|52 Week Range||3.75 - 13.82|
|Beta (5Y Monthly)||2.28|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 03, 2020|
|Forward Dividend & Yield||0.60 (7.56%)|
|Ex-Dividend Date||Nov 02, 2020|
|1y Target Est||11.31|
Investors are concerned that major oil companies like ExxonMobil aren’t making enough to fund their dividends in a sustainable way.
The U.S. Fourth Circuit Court of Appeals rejected a motion to stay a permit for the $5.8-$6.0 billion Mountain Valley natural gas pipeline from West Virginia to Virginia. Analysts said that court decision on Wednesday - not to stay the pipeline's Biological Opinion - increases the odds Equitrans Midstream Corp can put the long-delayed project into service in the second half of 2021. Mountain Valley is one of several oil and gas pipelines delayed by regulatory and legal fights with environmental and local groups that found problems with permits issued by the Trump administration.
Upstream biggie ConocoPhillips (COP) announced a major gas discovery offshore Norway, while shale producer Occidental Petroleum (OXY) reported September-quarter earnings.