|Bid||0.00 x 800|
|Ask||78.50 x 1800|
|Day's Range||77.62 - 78.95|
|52 Week Range||64.65 - 87.36|
|Beta (3Y Monthly)||0.98|
|PE Ratio (TTM)||16.07|
|Earnings Date||Apr 25, 2019 - Apr 29, 2019|
|Forward Dividend & Yield||3.28 (4.19%)|
|1y Target Est||84.27|
Rob Thummel, portfolio manager at Tortoise Capital joins The Final Round to discuss the latest news out of the energy sector
Mexico's Pemex produced 1.62 million barrels of crude per day in January, less than any month in almost three decades, the state-owned oil company said on Friday, underscoring the challenges facing a government that vows to pump far more in a few years. The company's crude output for the month was the lowest since at least 1990, when Pemex's publicly available records begin. The firm's crude oil output has declined for 14 consecutive years since hitting a peak of 3.4 million bpd in 2004, as Mexico's most prolific fields have dried up and new ones to replace them have not been discovered.
The companies will collect data from Exxon's wells and other production assets in the Permian Basin of West Texas and New Mexico, where the world's largest publicly traded oil and gas company holds 1.6 million acres, and make it immediately accessible to Exxon workers. The technology would allow equipment leaks to be immediately detected to reduce repair times in remote locations, and apply artificial intelligence to analyze drilling and completions data, Exxon said.
Shell Is Up 6% in Q1 as Recovering Oil, Markets Come to Its Aid(Continued from Prior Part)Shell’s dividend per shareWe began this series by reviewing Royal Dutch Shell’s (RDS.A) stock price performance followed by its moving average trends. In
ExxonMobil said today a new partnership with Microsoft will make its Permian Basin operations the largest-ever oil and gas acreage to use cloud technology and is expected to generate billions in net cash flow over the next decade through improvements in analyses and enhancements to operational efficiencies. The application of Microsoft technologies by ExxonMobil’s XTO Energy subsidiary – including Dynamics 365, Azure, Machine Learning and Internet of Things – is anticipated to improve capital efficiency and support Permian production growth by as much as 50,000 oil-equivalent barrels per day by 2025.
Global oil prices printed fresh 2019 highs Friday, taking crude to the highest levels since early November, as hopes for a U.S.-China trade deal that would stoke demand in the world's biggest energy market continue to offset record U.S. production. The Energy Information Administration said Thursday that U.S. output hit 12 million barrel a day last week, the highest on record and a jump of more nearly 2 million barrels per day from the same period last year.
Shell Is Up 6% in Q1 as Recovering Oil, Markets Come to Its AidShell stock compared to oil prices and markets Royal Dutch Shell (RDS.A) stock has risen 6% to date in the first quarter of 2019 led primarily by a recovery in oil prices and a rise in
On April 7, 2017, Tesla (NASDAQ:TSLA) stock cleared $300 for the first time. Tesla stock would close that day at $302.54. Yesterday, TSLA stock closed at $302.56.Source: Shutterstock So over the last 22+ months, TSLA stock has risen… 0.07%. Given the intensity of the debate over TSLA -- without a doubt the biggest battleground stock in the market -- the lack of movement is beyond ironic. Where does Tesla stock go from here? There are cases on both sides. I've long leaned toward the bearish case: I argued in December that TSLA would decline in 2019. That prediction has been right so far, with the stock down 9%. But Tesla has managed to confound the doubters so far, and there are still reasons to believe it will do so again. The Case for Tesla StockAt this point, the bull case for TSLA has both short-term and long-term aspects. The long-term case is the same as it's been for years now: Tesla has the opportunity to revolutionize worldwide energy usage. The company isn't just about the Model 3 -- or even just about automobiles. The solar division, Powerwall, and other future initiatives all offer additional profit opportunities.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 10 Best Cheap Stocks to Buy Right Now A $52 billion market capitalization hardly suggests Tesla stock is cheap, but it's puny compared to what the valuation could be if Tesla achieves even some of its goals across the energy space. ARK Invest famously has put a $4,000 per share bull case price target on TSLA stock -- which would suggest a valuation over $500 billion. Given that Exxon Mobil (NYSE:XOM) is worth about $375 billion, including debt, that figure perhaps isn't as ludicrous as it sounds.In the short term, meanwhile, Tesla stock is getting to a point where it doesn't look that expensive. 2020 analyst EPS estimates are over $9 per share, suggesting a 33x forward P/E multiple. That's a big number as far as auto stocks go -- General Motors (NYSE:GM) and Ford Motor Company (NYSE:F) both trade in the single digits -- but it's a valuation that Tesla at least can grow into. As the company expands into Europe and China, its earnings should grow, and that multiple should come down. The Case Against TSLA StockThe case against Tesla stock is starting to build, however, and it comes down to one simple problem: trust. For all the arguments over convertible debt maturities and 25% gross margins and weekly production levels, the broad argument is rather simple.If Tesla can build cars more effectively and more efficiently than existing manufacturers, TSLA stock probably rises. It will make more money per car than anyone else -- and enough to fund its moves into semi trucks, energy storage, and other areas.If it doesn't, TSLA stock falls. Auto companies aren't valued at 30x earnings -- or even 20x. Earnings expectations come down, multiples compress, and the Tesla stock price comes down significantly. And so far, we're simply not seeing much evidence that Tesla is that much better than anyone else at production.Tesla hasn't released a $35K Model 3 yet, as promised. It built vehicles in a tent. Target after target has been missed. For all the hype about the 5,000 per week production target (sort of) reached in late June, Tesla hasn't been able to get back to that level on a consistent basis.There's a lot of big talk and big promises out of Tesla. The results -- thin profitability and missed goals -- haven't been good enough yet. The Trust ProblemAnd with each passing month, it becomes harder to trust Tesla and CEO Elon Musk. Musk clearly violated his settlement with the SEC with Tweets this week initially guiding for production of 500,000 cars this week.The CEO did correct the tweet four hours later, admittedly. But for those bulls chalking the Tweet up to a simple mistake, it's worth noting that Musk did the exact same thing on the Q4 conference call last month. He projected 350,000 to 500,000 Model 3s in 2019 -- after the shareholder letter issued the same day only guided for 360,000 to 400,000.At this point, investors perhaps don't care. Soon after the tweet, Tesla's general counsel resigned after two months on the job, the latest in a series of executive departures. TSLA stock dropped just 1%.Investors should care, however. Given the goals here, execution needs to be close to perfect at worst. It hasn't been. A CEO who continually overpromises doesn't help on that front. Nor does the revolving door of executives. * 7 Healthy Dividend Stocks to Buy for Extra Stability The biggest reason to see upside in Tesla stock is the big promises -- and the big hopes. The biggest risk to TSLA stock is that the company won't deliver. For 22 months, the market hasn't made up its mind as to which is more likely. At some point, it will. Right now, it still seems far too difficult to trust this company -- and this CEO -- to deliver the rewards they promise.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Smart Money Stocks to Buy Now * The 10 Best Cheap Stocks to Buy Right Now * 7 Restaurant Stocks to Watch in 2019 Compare Brokers The post The Risks and Rewards of Tesla Stock appeared first on InvestorPlace.
Missed the slew of big oil earnings? Here's a quick run-through of how some of the supermajors fared in their earnings reports.
BP: Are Analysts Feeling Positive?(Continued from Prior Part)BP’s upstream earningsIn this part, we’ll review the prospects for BP’s (BP) upstream earnings in the first quarter.Oil prices have been recovering in the first quarter. So far,
BP: Are Analysts Feeling Positive?(Continued from Prior Part)BP’s upstream portfolio BP (BP) has a strong upstream portfolio. The company has a series of projects expected to begin production in the next few years until 2021. Let’s review BP’s
BP: Are Analysts Feeling Positive?Analysts’ recommendations Currently, 11 analysts cover BP (BP). In February, six (or 55%) analysts recommended a “buy” or “strong buy,” while four (or 36%) recommended a “hold.” Compared to February
The U.S. shale oil boom is about to get a lot bigger. Oil pipeline projects are pulling big oil companies full force into wildcatters’ world. Here’s why that matters.
Learn the three payment options available from Shell, including how to apply, the benefits of each, who should use it and the fine print.
Texas officials are sharpening their focus on the Bay Area’s strong suit: technology and life sciences companies.
Air Products and Chemicals Acquires New Client OrderAir Products and Chemicals bags new client orderYesterday, Air Products and Chemicals (APD) announced that it had bagged a new client order. APD will provide its proprietary LNG technology,
Repsol's (REPYY) latest natural gas discovery in Indonesia is confirmed by SKK Migas, the oil and gas regulator of the country.
NEW YORK, Feb. 19, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Asian spot prices for liquefied natural gas (LNG) continued their downward spiral this week, hitting a 17-month low as the market moved further away from the peak winter-demand period and inventories remained high in the region. Spot prices for March delivery to Asia (LNG-AS) fell to $6.50 per million British thermal units (mmBtu) this week, down 20 cents from the previous week to their lowest since Sept. 8, 2017, trade sources said. Demand in China remained tepid as many factories there were still shut for Lunar New Year celebrations, trade sources said.
Exxon, Tanger, and General Mills are working through tough spots, but investors willing to think long term can pick up their fat yields now.