|Bid||49.74 x 0|
|Ask||49.76 x 0|
|Day's Range||49.38 - 49.83|
|52 Week Range||36.09 - 49.83|
|PE Ratio (TTM)||18.58|
|Forward Dividend & Yield||1.44 (3.05%)|
|1y Target Est||N/A|
In the previous two parts, we discussed the two highest probable growth achievers for 1Q18—BP (BP) and Royal Dutch Shell (RDS.A). In this part, we’ll discuss Chevron (CVX), which is ranked third on our list. We’ll start by looking at Chevron’s performance in 4Q17.
ExxonMobil (XOM) posted better-than-expected 1Q17 earnings, which paused the downtrend witnessed in the previous quarter. But XOM’s 50-day moving average (or DMA) stayed below its 200 DMA in 2Q17 and 3Q17. However, in 4Q17, as WTI started rising, XOM stock began surging. Plus, tax reforms were announced in the US, pushing up the stock. Led by the stock upsurge, XOM’s 50-day moving average rose steeply, ultimately crossing over its 200-day moving average in 4Q17.
ExxonMobil (XOM) is expected to post its 1Q18 results on April 27, 2018. Before we proceed with 1Q18 estimates, let’s recap XOM’s 4Q17 performance versus estimates. In 4Q17, XOM’s revenues missed Wall Street estimates by 11%. Also, the company’s 4Q17 reported EPS (earnings per share) stood at $1.97. On adjusting for tax benefits (due to tax reforms in the US) and asset impairments, ExxonMobil’s adjusted EPS stood at $0.88, about 15% lower than the estimated EPS of $1.04. Also, XOM’s 4Q17 adjusted EPS was 2% lower than its 4Q16 adjusted EPS.
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Chevron (CVX) is expected to post its 1Q18 results on April 27. Before we proceed with the 1Q18 estimates, let’s recap Chevron’s 4Q17 performance versus estimates.
Short interest in Royal Dutch Shell (RDS.A) expressed as a percentage of its outstanding shares has fallen from 0.20% on February 27, 2018, to its current level of 0.16%. Usually, with all else being equal, a fall in short interest could indicate a fall in the bearish sentiments surrounding a stock. During this period of falling short interest, Shell stock has risen 4.1%.
In this series, we’ve reviewed Royal Dutch Shell’s (RDS.A) 1Q18 estimates, segment-wise prospects, stock returns, moving averages, and stock price forecast prior to its earnings release on April 26, 2018. Shell (RDS.A) is rated by 11 Wall Street analysts.
Royal Dutch Shell (RDS.A) is expected to release its 1Q18 results on April 26, 2018. Before we review the company’s 1Q18 estimates, let’s recap Shell’s 4Q17 performance compared to the estimates.
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In the preceding part, we saw that Suncor Energy (SU) has the highest number of “buy” ratings among global integrated energy stocks. Now let’s look at analyst ratings for Royal Dutch Shell (RDS.A), the second-highest ranking stock. Shell is a British-Dutch integrated energy company.
Suncor is a Canadian integrated energy firm with oil sands, exploration and production (or E&P), and refining and marketing business segments. SU’s mean price target of 54.4 Canadian dollars per share (or $42.5 per share) in April 2018 represents 11% growth over the mean target price in April 2017.
The stock has a mean consensus price target of 41.71 Canadian dollars, representing a 28.0% upside over its March 27 closing price. Teck Resources, which up to now has produced coking coal, zinc, and copper, has also forayed into the energy business.
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Suncor (SU) expects first-quarter 2018 production to be 685,000 barrels of oil equivalent per day (BOE/d), reflecting a decline on both year over year and sequential basis.
Canada's main stock index rose modestly on Wednesday, boosted by the heavyweight financial sector and shares of Valeant Pharmaceuticals after the company's drug was approved. * At 10:16 a.m. EDT (1416 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 19.33 points, or 0.12 percent, at 15,666.47. * Shares of Valeant Pharmaceuticals jumped 4.1 percent to C$21.72 after Health Canada approved its drug for plaque psoriasis.
Canada's Suncor Energy Inc said on Wednesday the Syncrude oil sands project in northern Alberta would run at reduced rates in the first quarter, as maintenance work to fix an "issue" has been brought forward by about a month. Suncor, which holds the majority stake in the Syncrude joint venture project, now expects production of 140,000 barrels of oil per day (bbls/d) from the project in the first quarter, compared with 142,100 bbls/d a year earlier. Advancing the eight-week maintenance, which was scheduled to begin in April, will help the company to address an issue which was constraining capacity, Suncor said.
Canada's main stock index rose modestly on Monday, buoyed by improved risk appetite in global markets but declines in energy shares and gold producers capped gains as commodity prices fell. * At 10:08 ...
Suncor Energy (SU) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.