|Bid||37.00 x 1200|
|Ask||37.10 x 2900|
|Day's Range||36.93 - 37.90|
|52 Week Range||34.99 - 70.47|
|Beta (3Y Monthly)||1.66|
|PE Ratio (TTM)||25.52|
|Earnings Date||Jul 18, 2019 - Jul 22, 2019|
|Forward Dividend & Yield||2.00 (4.69%)|
|1y Target Est||53.56|
The Dow jumps 200 points. So what happens next? A look at what the traders bought today, with CNBC's Melissa Lee and the Fast Money traders, Pete Najarian, Brian Kelly, Mark Tepper and Tim Seymour.
The stock market knows something policymakers don't: The era of oil stocks is dead.Despite Administration efforts to embargo Iran and Venezuela, and despite fracking's growing control over supply, the price of the U.S. benchmark West Texas Intermediate crude oil remains below where it was last fall. The global price, defined by Brent North Sea oil, dropped $7 per barrel in the month before May 23.A decade that began with an "energy crisis" is ending in a global glut, just as U.S. production reaches a record 12 million barrels a day.InvestorPlace - Stock Market News, Stock Advice & Trading TipsTo keep production high, the Administration is giving the oil companies everything they always wanted. Rules on safety are being abolished. Government-owned lands are being opened for drilling. The Administration is trying to open Alaska to oil exploration.Yet despite what had been the best quarter for prices in a decade and predictions from analysts of even-higher prices, stocks in the oil sector haven't risen in five years. The U.S. Oil Fund (NYSEARCA:USO), an ETF tracking the oil sector, is down 68% over that time, while the S&P 500 is up 46%.How is this possible? It's possible because oil and gas no longer represent cheap energy. Renewable energy, not just efficiency but electricity produced without oil, gas or nuclear fuel, is becoming the cheap energy.The lifetime cost of solar and wind installations, $63.20 per Megawatt-hour, is now below that of coal, and approaching that of natural gas. The solar power expansion that began early this decade in the Far West, spurred by favorable tax laws, has now spread to the heart of the U.S. oilpatch. * 10 Names That Are Screaming Stocks to Buy What should be a golden era in the oilpatch tastes like dust on Wall Street because it has come too late. Exxon Mobil (XOM)Source: Shutterstock Exxon Mobil (NYSE:XOM) stock reached its peak for the year in April, trading at over $83 per share. On May 23, it was trading below $74.At that price, the stock yielded 4.33% in dividends, $3.48 per share, and had a price-to-earnings ratio of 17 … slightly below the market. In 2018, Exxon Mobil earned $4.88 per share, but for the first quarter, it earned only 55 cents per share fully diluted, below analyst estimates.Exxon Mobil is the most diversified of the American oil majors. It produces oil around the world, refines it, and markets it through its own stations. Exxon blamed the first quarter on its refining segment. Its report highlighted a huge new oil find off the coast of Guyana, and a gas find off the coast of Cyprus. Its very diversification is hurting results.The analyst verdict on Exxon Mobil is weakening, with four analysts taking down buy orders and entering the weaker "hold" camp in the last three months. Analysts are worried about Exxon Mobil's ability to generate cash from operations. The best-run company in Houston has become the least-favorite major oil stock. If Exxon Mobil, with its global reach, diversification, yield and $279 billion in 2018 revenue, up almost 20% from 2017, isn't a great investment, what is? Schlumberger (SLB)Source: Shutterstock Oil has become a technology business, and Schlumberger (NYSE:SLB) is its master.Schlumberger technology makes it easier than ever to find oil, to drill for it, and to measure what's going on inside a well. Schlumberger pays a 50-cent-per-share dividend that was yielding 4.69% at the May 23 price of about $37.50. It generated $5.7 billion in operating cash flow last year, on a market cap of $51.4 billion.So, you think, business is great, and people are wonderful. Not so fast.Over the last five years, Schlumberger has been a disastrous investment. The shares are down 64% in that time. The dividend hasn't been increased since 2015. Profits have been falling over the last four quarters and are down 60% from their 2015 peak, when Schlumberger bought oil tools producer Cameron for $14.8 billion. Capital spending has been declining in the oil patch, and Schlumberger is suffering. Commodity oversupply means better technology for reaching that commodity isn't a good investment. Analysts, however, have yet to give up on the stock, with half keeping it on their buy lists. * 7 Marijuana Stocks to Play the CBD Trend Schlumberger management remains optimistic about international operations and there are still analysts pounding the table for it. But it's generally "out of sight, out of mind," a stock that's seldom written about, where mid-decade it was one of the hottest stocks in the market. Whiting Petroleum (WLL)Source: SarahTz Via FlickrIn 2014, Whiting Petroleum (NYSE:WLL) bought Kodiak Oil & Gas for $3.8 billion, becoming the largest producer in the Bakken oil field of North Dakota and Montana, a field opened up by fracking technologyI called Whiting the "King of the Bakken." I also told investors to "sell while you can."Since then, the stock is down 88%; its market cap is down to $1.77 billion, half what it paid for Kodiak. Growing revenues, and even a $342 million profit in 2018, failed to attract buyers. Its March report slipped back into a loss of $69 million, and the shares have resumed their march toward zero.Things are so bad that when Whiting offered to buy QEP Resources (NYSE:QEP), another big Bakken player, Whiting shares fell 10%. No thanks, investors said, we're full.Making things worse is that CEO Brad Holly, hired from Anadarko Petroleum (NYSE:APC) in 2017, was named in a sexual harassment scandal at his former employer. Holly vigorously denies the charges, but such charges have to be distracting.There remain analysts pounding the table for Whiting, and the North Dakota oilpatch.The problem is that all oil is not created equal. Transportation costs create a discount between the Bakken price and what Texas oil brings. Even if Whiting is paying $50 per barrel to bring oil up, it was only attracting $52 per barrel in February. The price for Bakken oil has been as high as $65/barrel in the last year, but as low as $38/barrel.The market's verdict is clear, and it seemed clear to me years ago. Get out of oil stocks while you can.Dana Blankenhorn http://www.danablankenhorn.com is a financial and technology journalist. He is the author of the mystery thriller, The Reluctant Detective Finds Her Family https://www.amazon.com/Reluctant-Detective-Finds-Her-Family-ebook/dp/B07FSRDR4Y/, available at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing, he owned no shares in companies mentioned in this article. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Safe Stocks to Buy This Summer * The 5 Best Telecom Stocks to Buy Now * 6 Innovative Stocks With Big Long-Term Growth Potential Compare Brokers The post 3 Oil Stocks to Drop Now appeared first on InvestorPlace.
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Norway's Equinor (EQNR) acquired an additional 22.45% stake in GoM's Caesar Tonga oilfield, while energy services behemoth Schlumberger (SLB) sold several drilling assets for $400 million.
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll look at Staatl...
Top Oilfield Services Stocks: Changes in Institutional OwnershipInstitutional investors added to their positionsTogether, the top ten institutional investors in Schlumberger (SLB) added 20.7 million Schlumberger shares to their positions in the
Oil drilling rig count in the United States not only declines for two weeks in a row, but also touches the lowest mark since March 2018.
Schlumberger (SLB) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The Houston-based company expects to have nearly 1,100 employees and operations in 25 countries once its acquisition of three Schlumberger businesses closes.
Schlumberger (SLB) announces that its centre of interest is to develop core drilling strategy with the sale of non-core assets.
On CNBC's "Mad Money Lightning Round," Jim Cramer said his charitable trust fund owns Schlumberger Limited (NYSE: SLB ) and the position was disappointing. Instead of Schlumberger, he would ...
Why Oil's Losing Momentum(Continued from Prior Part)Oil rig countLast week, the oil rig count fell by two to 805—the lowest level since March 30. The rig count tends to follow US crude oil prices with a three-to-six-month lag.Sign up for Bagels
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Schlumberger NV NYSE:SLBView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for SLB with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting SLB. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $4.04 billion over the last one-month into ETFs that hold SLB are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. SLB credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Is May Ideal for Oil Bulls?(Continued from Prior Part)Oil rig countLast week, the oil rig count rose by two to 807— near the lowest level since March 30, 2018. The rig count tends to follow US crude oil prices with a three to six-month lag.
Rockwell Automation's (ROK) performance likely to be supported by strength in heavy industries, growing investment and acquisitions.
Sometimes a great stock with CAN SLIM traits needs to form two bases before breaking out to big gains. Look for a base-on-base pattern. Winnebago built one last year.
Crude Oil in April: Best Month since Late 2016(Continued from Prior Part)Oil rig countLast week, the oil rig count fell by 20 to 805—the lowest level since March 30, 2018. The rig count tends to follow US crude oil prices with a three to six-month
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Schlumberger Ltd and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
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