|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||27.19 - 27.80|
|52 Week Range||18.48 - 30.98|
|PE Ratio (TTM)||-64.49|
|Earnings Date||Nov 2, 2017|
|Forward Dividend & Yield||1.20 (4.35%)|
|1y Target Est||27.87|
Recovery in oil price is likely to buoy Q3 earnings of Whiting Petroleum (WLL). However, lower production might limit the results.
The U.S. Environmental Protection Agency has backed off a series of proposed changes to the nation's biofuels policy after a massive backlash from corn-state lawmakers worried the moves would undercut ethanol demand, according to a letter from the agency to lawmakers seen by Reuters. EPA Administrator Scott Pruitt said in the letter dated Oct. 19 that the agency will keep renewable fuel volume mandates for next year at or above proposed levels, reversing a previous move to open the door to cuts. The move marks a big win for the biofuels industry and lawmakers from corn-states like Iowa, Nebraska and Illinois, while dealing a blow to merchant refiners like PBF Energy Inc and Valero Energy Corp who hoped the administration of President Donald Trump would help provide regulatory relief.
PBF Energy (PBF) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
Short interest in Phillips 66 (PSX) expressed as a percentage of outstanding shares has fallen from 1.6% at the end of August to the current level of 1.4%.
U.S. President Donald Trump sought to ease concerns on Wednesday that his administration would make major alterations to biofuels policy, telling Iowa's governor he was committed to a decade-old biofuels program even as a top official considers changing it. U.S. law requires fuel companies to add biofuels like ethanol to the country's fuel supply through the 'renewable fuel standard', adopted in 2005. The Trump administration is considering lowering the mandatory level, a worry for corn-growing states like Iowa.
The bearish sentiment in MPC stock appears to have risen. Over the same period, the stock's price has risen 7.5%.
Valero Energy (VLO) has seen a rise in its short interest (as a percentage of outstanding shares) from 3.9% at the end of August to the current level of 4.3%.
The fifth largest U.S. buyer of Venezuelan crude, PBF Energy Inc, has halted direct purchases from state-run oil company PDVSA, according to four sources, deepening a rift amid sanctions on the OPEC-member country. PBF is the second buyer in as many months to go elsewhere for its oil and further disagreements could spell new hardships for PDVSA, which owes bondholders $1.2 billion in debt payments due this month. Venezuela relies on oil for over 90 percent of export revenue and U.S. refiners are among its largest cash-paying customers.
PBF Energy shows improving price performance, earning an upgrade to its IBD Relative Strength Rating from 80 to 83.
In this series, we've evaluated Andeavor’s (ANDV) stock performance, moving averages, three-month price forecast based on implied volatility, analyst ratings, dividend expectation for 4Q17, valuations, ...
At the beginning of 2017, Andeavor (ANDV) stock fell. This fall was likely due to Andeavor’s 4Q16 earnings, which missed estimates, and high gasoline and distillate inventories.
One analyst has issued a "strong buy" recommendation for INT, while two have given "hold" recommendations, and one has given a "sell."
PBF Energy (PBF.N) and Royal Dutch Shell Plc (RDSa.L) were preparing their Louisiana refineries to keep running during Tropical Storm Nate, which is forecast to make landfall in the state on Sunday, sources familiar with plant operations said on Thursday. Preparations were under way at PBF's Chalmette, Louisiana, refinery and at Shell's Louisiana plants in Convent and Norco, the sources said.
PBF Energy (PBF) has been the biggest loser so far this week (starting October 2, 2017) in our select group of refining and marketing energy stocks.
Sales of Venezuelan crude to the United States fell to a 14-year low in September, according to Thomson Reuters Trade Flows data, on U.S. Gulf Coast ports closures due to Hurricane Harvey and sanctions. Venezuela's oil output dropped this year to its lowest point in almost three decades, hurting exports to its main customers. Shipments to the United States have also been hit by U.S. sanctions on Venezuela's state oil company, PDVSA, in August.
Rating Action: Moody's rates PBF Logistics' unsecured notes B2; affirms B1 CFR. Global Credit Research- 03 Oct 2017. $150 million tack-on notes rated.
Ethanol producers and a high-profile Midwest lawmaker on Friday said a proposal to tweak the U.S. renewable fuels program in a way that would count exports of the corn-based fuel against federal volumes mandates would hurt biofuel makers. Making U.S. ethanol exports eligible under the 2005 Renewable Fuel Standard (RFS) would "essentially gut the program and should be stopped in its tracks," said Senator Chuck Grassley, of top producing state Iowa. The Environmental Protection Agency (EPA), which oversees the mandate to mix corn-based ethanol with nearly every gallon of gasoline consumed in the United States, was considering a modification that would allow ethanol exports to qualify for renewable fuel credits known as RINs, two sources familiar with the matter told Reuters.
In this series, we'll rank seven refining stocks in terms of their dividend yields. We'll also review their forward valuations.
Volatility is a gauge of how much a stock’s returns changes. When measured based on historical stock prices, it is called historical volatility. We can also estimate the expected future…