|Bid||71.72 x 3000|
|Ask||72.31 x 1000|
|Day's Range||71.64 - 72.60|
|52 Week Range||40.40 - 76.70|
|Beta (3Y Monthly)||1.83|
|PE Ratio (TTM)||75.78|
|Earnings Date||Jul 29, 2019 - Aug 2, 2019|
|Forward Dividend & Yield||1.20 (1.65%)|
|1y Target Est||70.40|
Anadarko Petroleum (APC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
It has been a dismal week for oil prices despite a slight recovery on Friday morning, but there may be a silver lining to the most recent price crash
DALLAS , May 23, 2019 /PRNewswire/ -- Cushing ® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing ® Energy Supply Chain Index (the "Index") ...
DENVER, May 22, 2019 /PRNewswire/ -- EnerCom is pleased to announce that Senior Vice President and Chief Financial Officer of Occidental Petroleum (OXY) Cedric Burgher will deliver the luncheon keynote address on Monday, August 12, 2019, at EnerCom's The Oil & Gas Conference® in downtown Denver's Westin hotel. Mr. Burgher joined Occidental in May 2017 bringing more than 25 years of experience in the energy sector. Prior to joining Occidental, he was senior vice president of investor relations at EOG Resources (EOG), and he led financial organizations at QR Energy, Quantum Energy Partners, KBR, Halliburton (HAL) and Baker Hughes (BHGE). Mr. Burgher's experience includes a decade of CFO experience, leading two IPOs and a broad range of M&A and capital markets transactions.
Waning oil volumes imported by China from the United States is not likely to upset the Enterprise's (EPD) fortunes. This is because America is not dependent on China solely to sell its oil.
At close to 6%, the recent victor in the Anadarko wars sports its highest dividend yield in more than 16 years – more than in the energy-sector panic of early 2016 or the financial crisis. To be fair, Oxy’s yield has been higher than average for years. Besting Chevron Corp. was a big score for Oxy’s M&A crew (and corporate jet department) but has, up to this point, been a disaster for valuation.
—according to a Morgan Stanley analyst. The analyst is concerned about Tesla’s (TSLA) substantial cash burn and significant debt load. Barring a worst-case outcome on those two fronts, however, the analyst sees Tesla stock close to fairly valued today.
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.
Edelman Senior Vice President Ira Gorsky From Anadarko’s sale to Occidental to T-Mobile’s purchase of Sprint to Bristol Myers Squibb’s acquisition of Celgene, big deals on Wall Street often put shares in the hands of an unfamiliar investor: the risk arbitrageur, or Arb. In the article below for CorpGov, Edelman Senior Vice President Ira Gorsky […]
Occidental Petroleum beat out Chevron to buy Anadarko Petroleum. But Occidental’s “victory” has not been hailed as such by the market.
” (May 17) provides a comprehensive analysis of Occidental’s agreed acquisition of Anadarko, which was enabled by a $10bn investment from Berkshire Hathaway. In addition to what is disclosed in the analysis, Berkshire Hathaway also gets a warrant to subscribe, subject to conditions, for up to 80m shares, which is about 10 per cent of the company, at an exercise price of $62.501. Although this may comply with US laws and regulations, it is questionable whether it complies with the spirit of good corporate governance principles, not least those of the widely supported Investor Stewardship Group, which sets out investor expectations about corporate governance practices in US publicly listed companies.
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.
The oil and gas rig count in Texas fell to its lowest number last week since February 2018, according to data published May 17 by Baker Hughes, a GE Company (NYSE: BHGE). The total U.S. count was down by one to 987, according to the data.
Higher daily oil equivalent production and increased transported volumes of the commodity back Ecopetrol's (EC) year-over-year rise in quarterly results.
Futures in New York fell 0.2% on Friday, while Brent also declined. While tensions in the Middle East increased earlier this week following pipeline and tanker attacks, the threat of an escalating trade war remains present, with China’s state media signaling a lack of interest in resuming talks with the U.S. When it comes to the trade war, there were “expectations of this trade deal being signed before it was signed and now we are dealing with the repercussions of that optimism,” said Ashley Petersen, an oil analyst at Stratas Advisors LLC in New York.
Anadarko Petroleum (APC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.