|Bid||14.51 x 4000|
|Ask||14.52 x 4000|
|Day's Range||14.05 - 14.56|
|52 Week Range||12.57 - 24.20|
|Beta (3Y Monthly)||1.94|
|PE Ratio (TTM)||13.43|
|Earnings Date||Jul 30, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||0.20 (1.44%)|
|1y Target Est||20.76|
Energy stocks traded broadly higher Thursday, as increased tension in the Middle East fueled a surge in oil prices. The SPDR Energy Select Sector ETF jumped 1.8% in morning trading, with all 29 of its equity components trading higher, while the Dow Jones Industrial Average hiked up 215 points, or 0.8%. Among the more-active members, shares of Halliburton Co. rose 3.0%, Marathon Oil Corp. gained 3.2%, Schlumberger Ltd. tacked on 3.1%, Exxon Mobil Corp. advanced 1.7% and Chevron Corp. added 1.1%. Elsewhere, Chesapeake Energy Corp.'s stock powered up 4.4% on NYSE-leading volume of 6.3 million shares. August crude oil futures rallied 4.5%, after news that Iran's Revolutionary Guard said it shot down a U.S. drone. Also helping boost prices, data out Wednesday showed that U.S. crude supplies fell, and a firmer date for an Organization of the Petroleum Exporting Countries (OPEC) meeting was in place to review pledged production limits.
In spite of the rising global oil prices and Canada's vast endowments of oil and gas resources, the oil sector of the country is likely to bear the brunt of inefficient regulations and pipeline crisis.
Could Marathon Oil Corporation (NYSE:MRO) be an attractive dividend share to own for the long haul? Investors are...
How do you pick the next stock to invest in? One way would be to spend hours of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
Energy stocks rallied in unison Thursday to pace the S&P 500's sector gainers, with crude oil futures surging as U.S. Secretary of State Mike Pompeo said Iran was to blame for a number of recent incidents, including the attacks Thursday on two oil tankers in the Middle East. The SPDR Energy Select Sector ETF rallied 1.3% in afternoon trade, with all 29 equity components gaining ground. Among the more-active components, shares of Halliburton Co. hiked up 2.8%, Marathon Oil Corp. gained 1.8%, Schlumberger NV rose 3.7%, Exxon Mobil Corp. tacked on 0.8% and Kinder Morgan Inc. advanced 0.8%. Meanwhile, crude oil futures surged 2.8%, after settling Wednesday at a 5-month low. The energy ETF has lost 6.9% year to date, while the S&P 500 tacked on 2.8%.
Marathon Oil's (MRO) high emphasis on exiting the non-core business is in sync with its objective of focusing on U.S. shale plays and strengthening balance sheet.
Traders are pricing in a rate cut as soon as July. The materials sector recovered, and the S&P 500 rebounded like it did in early March.
Harvest Health & Recreation Inc (OTC: HRVSF ) said Tuesday that it signed an agreement to distribute the Colors, CBx Essentials, and Harvest-branded CBD products to more than 10,000 retail locations across ...
While Chevron's (CVX) latest move will help optimize portfolio & enable it to focus more on U.S. shale assets, Delek Group will get closer to the aim of becoming a global offshore oil/gas powerhouse.
Marathon Oil (MRO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
HOUSTON , May 31, 2019 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today it has closed on the sale of its 15% participating interest in the Atrush Block in Kurdistan , where first quarter ...
Devon Energy (DVN), which focuses more on profitable domestic oil assets, decides to sell the Canadian business for $2.8 billion.
Today we've highlighted 10 stocks that are currently trading for under $20 per share. All of these stocks sport a Zacks Rank 2 (Buy) or better at the moment...
Motorists are paying an average of $2.84 a gallon, according to AAA. That’s about 10 cents cheaper than last Memorial Day and two-cents less than a month ago.
On 31 March 2019, Marathon Oil Corporation (NYSE:MRO) announced its latest earnings update. Overall, analyst consensus...
Investors and analysts have been waiting for the rollup of Andeavor and Marathon Petroleum's logistics arms since the parent companies combined last year.
Marathon Petroleum's (MPC) Refining & Marketing segment reported operating loss of $334 million compared with loss of $133 million in the year-ago quarter.
Marathon Oil Corp NYSE:MROView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for MRO 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 MRO. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding MRO totaled $249 million. Additionally, the rate of outflows appears to be accelerating. 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. MRO credit default swap spreads are within the middle of their range for the last three years.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.
ConocoPhillips (NYSE:COP) fell in Wednesday and Thursday trading despite beating earnings and revenue estimates. The Houston-based oil producer beat estimates on production levels and plans to cap capital expenditures. Despite a partial recovery in Friday trading, COP stock still sells below pre-announcement levels.Source: Shutterstock However, investors may want to take a second look at this oil stock. Over time, a focused strategy, its reasonable valuation, and rising geopolitical tensions could lead to a turnaround for ConocoPhillips stock. COP Stock Fell Despite Beating on Earnings, RevenueConocoPhillips reported first-quarter earnings of $1.00 per share, just over 4% higher than the 96 cents per share the company earned in the same quarter last year. This also surpasses Wall Street estimates by 10 cents per share. The company beat on revenues as well, reporting $10.06 billion when analysts had predicted $9.16 billion. The company brought in $8.96 billion in the same quarter last year.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOn Wednesday, COP stock initially surged higher on the news, but it ended up falling on the day by over 0.7%. Many blame higher expenses, as the company has sought to increase production. These costs have weighed on ConocoPhillips stock for more than two months. * 7 Stocks Worth Buying When They're Down COP stock suffered last fall, as oil fell to lows of just over $42 per barrel. As oil recovered, COP rallied from its $56.75-per-share low. For a brief time in February, it surpassed $70 per share. COP trades at over $62 per share at the time of this writing.Recently, COP has expressed a goal to become profitable even if oil falls to the $40 per share range. As a result, it has put many of its non-core assets on the market. Last month, the company agreed to sell oil and gas assets in the British North Sea to Chrysaor for $2.7 billion.This transformation may have caused some concerns as the stock has sold off in recent weeks. Now, COP stock trades about 12% below the highs of mid-February. Peers such as Hess (NYSE:HES), Apache (NYSE:APA), and Marathon Oil (NYSE:MRO) saw similar declines. COP Stock Looks More Like a BuyConocoPhillips operates in the upstream, or exploration and production, segment of the oil industry. As such, it sees more volatility due to its sensitivity to oil prices. As mentioned earlier, the company is working to make itself profitable even when oil prices fall. For this reason, the recent drop may have created a buying opportunity. Thanks to the lower stock price, COP stock trades at at a price-to-earnings (PE) ratio of just 13.6.Moreover, geopolitical tensions have risen. Venezuela remains in limbo amid its economic crisis. Also, the Middle East has again become volatile as the U.S. begins a ban on Iranian oil. This has led to tensions between Saudi Arabia and Iran, as the Saudis increase production to fill the gap.Whatever happens between those two countries, it lessens the likelihood of low oil prices. While ConocoPhillips maintains some operations in Libya and Qatar, the firm operates primarily in more stable regions of the world. That places the firm in a position to produce oil even if the world becomes more dangerous. Final Thoughts on COP StockStrategy, valuation, and political issues in some parts of the world could finally turn COP stock around. ConocoPhillips stock fell despite beating estimates on both earnings and revenue. It has also slid in recent weeks, possibly on rising costs. * 10 Vice Stocks to Spice Up Your Portfolio However, ConocoPhillips has focused their strategy to prosper even when oil prices fall. Also, a low PE ratio and rising political tensions in some oil-producing countries could work in the company's favor. Such pressures could become the catalyst COP stock needs to finally resume its move higher.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Stocks to Buy for May * 7 Stocks Worth Buying When They're Down * 7 of the Best ETFs to Buy for a Slowing Economy Compare Brokers The post Buy ConocoPhillips Stock Following Its Beat on Earnings, Revenue appeared first on InvestorPlace.