|Bid||12.56 x 800|
|Ask||13.48 x 3100|
|Day's Range||12.72 - 13.07|
|52 Week Range||4.25 - 25.47|
|Beta (5Y Monthly)||2.70|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan 19, 2021 - Jan 25, 2021|
|Forward Dividend & Yield||0.18 (1.35%)|
|Ex-Dividend Date||Sep 01, 2020|
|1y Target Est||15.50|
Energy stocks took a broad dive Monday, as crude oil prices sold off amid concerns that the recent surge in new COVID-19 cases globally would sap demand. The SPDR Energy Select Sector ETF slumped 3.0%, and was the biggest decliner among SPDR ETFs tracking the S&P 500's 11 key sectors, with all 25 equity components losing ground. Apache Corp.'s stock was the ETF's (XLE) biggest decliner, as it dropped 6.3% toward a 6-month low. Among other more active XLE components, shares of Marathon Oil Corp. slid 5.3%, Occidental Petroleum Corp. shed 4.2%, Exxon Mobil Corp. slid 2.8%, Halliburton Co. declined 3.2% and Schlumberger NV gave up 3.2%. Meanwhile, crude oil futures fell 3.3% to a 3-week low.
The headline came from ConocoPhillips' (COP) $9.7 billion acquisition of Concho Resources (CXO). Meanwhile, oilfield service majors Schlumberger (SLB) and Halliburton (HAL) reported Q3 results.
Oil prices are almost certainly going to remain at or around the $40 mark until the U.S. presidential elections take place, with a federal stimulus on hold and COVID cases climbing once again