|Ask||65.25 x 500|
|Day's Range||64.60 - 65.43|
|52 Week Range||60.69 - 81.80|
|PE Ratio (TTM)||31.10|
|Dividend & Yield||1.10 (1.75%)|
|1y Target Est||N/A|
Zacks Industry Outlook Highlights: Royal Dutch Shell, PetroChina, Phillips 66, HollyFrontier and PBF Energy
In the previous part of this series, we considered Chevron’s (CVX) segmental outlook for 2Q17. Now, we’ll examine Chevron's stock performance ahead of its 2Q17 results.
DBS has done a deep dive into China's big three oil stocks and decided that CNOOC (883.HK) (CEO) is the pick of the trio. The broker cut its 2017 Brent oil price forecast by $5 a barrel to between $50 and $55 after adjusting for higher than expected U.S. shale production. Lower oil price forecasts have been reflected in lower target prices for the two of the three Chinese oil stocks.