|Bid||52.10 x 0|
|Ask||52.17 x 0|
|Day's Range||51.67 - 52.41|
|52 Week Range||36.09 - 53.43|
|PE Ratio (TTM)||19.47|
|Forward Dividend & Yield||1.44 (2.90%)|
|1y Target Est||N/A|
Previously, we looked at BP’s (BP) moving average trends. In this part, we’ll use its implied volatility to forecast its stock price range up until June 29.
Previously, we saw that BP (BP) stock has surged 18% in the second quarter. In this part, we’ll look at BP’s moving averages.
BP (BP) stock has risen 18% in the second quarter, primarily led by surging oil prices and markets. Meanwhile, WTI has risen 14%, and the SPDR S&P 500 ETF (SPY) has risen 6%.
Of the 23 analysts tracking Chevron (CVX), 18 (78%) recommend “buy” or “strong buy,” and five (22%) recommend “hold.” None recommend “sell.” Chevron’s target price has been raised since its earnings release, by: UBS, from $120 to $130 Citigroup, from $133 to $145 Bank of America Merrill Lynch, from $138 to $150
To conclude our overview of the biggest movers in the upstream and oilfield services sector, we’ll discuss Wall Street analysts’ recommendations for the companies with the biggest gains and losses this week. As of May 17, Reuters reported eight analysts with recommendations on CVR Refining (CVRR). One analyst has a “strong buy” recommendation, one analyst has a “buy” recommendation, while six analysts have a “hold” recommendation on CVRR.
In the first quarter, 12 hedge funds bought CVR Refining’s (CVRR) stock and three sold of CVRR stock. So the total buying hedge funds outnumbered the total selling hedge funds by nine. As of March 31, six hedge funds held CVRR in their portfolios. One hedge fund counts CVRR among its top-ten holdings.
Continuing with the biggest movers in the energy sector, we’ll now look at the top gainers from the US integrated energy sector this week.
ExxonMobil (XOM) stock is covered by 22 Wall Street analysts, six (or 27.0%) of whom have assigned a “buy” or “strong buy” recommendation on the stock. Thirteen analysts (or 59.0%) assigned “hold” ratings on the stock. Three analysts (or 14.0%) assigned a “sell” or “strong sell” rating on the stock. ExxonMobil’s mean target price of $86.00 per share implies a 7.0% gain from the current level.
The oil sands specialist had to shut in some production because of bad weather, but oil above $65 a barrel helped prop up earnings.
Suncor (SU) beats first-quarter earnings estimates on strong refining margins, remarkable refinery utilization along with rebounding crude prices.
After meeting with Prime Minister Justin Trudeau for about four hours last month, Suncor Energy Inc. Chief Executive Officer Steven Williams said he’s more confident than ever that the major pipeline projects proposed for western Canada will be built. Kinder Morgan Inc.’s Trans Mountain expansion was a main topic of discussion when Williams gave Trudeau a tour of Suncor’s Fort Hills operation in early April because the project had sparked an escalating trade war between Alberta and British Columbia. Williams said he was encouraged by Trudeau’s resolve to see the expansion through to completion.
By Julie Gordon CALGARY, Alberta (Reuters) - The chief executive of Canada's Suncor Energy Inc said on Wednesday he expected Prime Minister Justin Trudeau to move in the "next few weeks" to ensure that Kinder Morgan Canada's Trans Mountain oil pipeline expansion goes ahead. Steve Williams would not say what exactly he expected Trudeau to do to guarantee the C$7.4 billion ($5.8 billion) project gets built, but told reporters he was encouraged by a long conversation he had with the prime minister last month. Kinder Morgan paused work last month on the Trans Mountain expansion, citing opposition in British Columbia, and said the company would decide by May 31 whether to go ahead with the project, which would nearly triple capacity on an existing line from Alberta to British Columbia's coast.
Suncor Energy Inc (TSX:SU) outperformed the Integrated Oil and Gas industry on the basis of its ROE – producing a higher 9.82% relative to the peer average of 6.90% overRead More...
Suncor Energy Inc said on Wednesday that its current growth plan is not constrained by pipeline bottlenecks and it does not expect to make any further major investments in Canada's oil sands until market access improves. The Calgary-based company, Canada's second-largest energy producer, will continue to look at assets available in the market, but is "not chasing anything," Chief Executive Steve Williams said on an investor call. "The real strength of our growth plan for the next five or six years is our high level of certainty, and it's not constrained by market access issues," he said.
Canada's main index rose on Wednesday, with gains in Suncor Energy shares boosting the energy sector and higher gold prices supporting materials stocks. * At 9:50 a.m. ET (1350 GMT), the Toronto Stock Exchange's S&P/TSX Composite Index rose 30.81 points, or 0.2 percent, to 15,649.74. * Shares of Suncor Energy gained 0.8 percent, after the second-largest Canadian energy producer posted a quarterly profit that beat analysts' expectations.
The Calgary, Alberta-based company said it had net income of 38 cents per share. Earnings, adjusted for non-recurring costs, were 48 cents per share. The results topped Wall Street expectations. The average ...
Suncor Energy Inc. is barreling ahead on the ramp-ups of the Fort Hills and Hebron oil megaprojects as its refining operations protect it from the pipeline shortages and lower prices that are slamming ...
Suncor Energy Inc , Canada's second-largest energy producer, reported a lower first-quarter profit on Tuesday on a foreign exchange loss. The Calgary, Alberta-based company reported net earnings of C$789 ...
In this series, we examined ExxonMobil’s (XOM) segmental earnings in 1Q18. We also discussed ExxonMobil’s stock performance after its earnings release on April 27. In this part, we’ll evaluate analyst ratings for ExxonMobil after its earnings.
As Brent runs ahead of U.S. benchmark oil, a number of leading overseas oil producers are basing. BP, Royal Dutch Shell and Suncor are among them.
In this series, we have examined BP’s 1Q18 estimates, segmental outlook, stock returns, moving average trend, and stock price estimate range prior to its earnings release on May 1. In this part, we’ll look at analysts’ ratings for BP.