|Bid||0.00 x 36200|
|Ask||20.00 x 27000|
|Day's range||13.61 - 13.97|
|52-week range||7.55 - 14.98|
|Beta (3Y Monthly)||2.61|
|PE ratio (TTM)||28.81|
|Forward dividend & yield||0.05 (0.39%)|
|1y target est||13.32|
The current bidding war for a Brazilian gas pipeline system is a reminder of how good this infrastructure company is at making value-creating acquisitions.
On October 5–12, midstream stock Antero Midstream Partners LP (AM) gained the most on our list of energy stocks. The Alerian MLP ETF (AMLP), the smallest decline among major energy subsector ETFs, fell 2.4%. On October 9, Antero Midstream Partners LP announced that “they have entered into a definitive agreement for Antero Midstream GP LP (NYSE: AMGP) (“AMGP”) to acquire all outstanding AM common units, both those held by the public and those held by Antero Resources, in a stock and cash transaction.”
In the previous part, we looked at the performance of BP (BP) stock compared to oil prices and the broader market in the past month. In this part, we’ll look at the stock’s price forecast for the 22-day period before its earnings release.
In the previous two parts of this series, we looked at BP’s (BP) segmental outlook for the third quarter of 2018. Now we’ll look at BP stock before its third-quarter earnings release.
A hot streak in the oil market is setting off a wave of bets on how high prices can go. With crude prices rallying for four straight weeks, trading of oil options—contracts that give the right but not the obligation to buy or sell—has surged. The number of bullish contracts that pay out if Brent futures surpass $100 a barrel by January—up 19% from the current level—has more than doubled since the beginning of September, data from Intercontinental Exchange analyzed by QuikStrike show.
In this series, we’re ranking four global integrated energy companies—ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP)—based on their estimated earnings growth YoY (year-over-year) in the third quarter. Chevron tops the chart due to the expectation of a massive increase in its earnings. Shell and BP are ranked second and third, while ExxonMobil is last, respectively.
The Zacks Analyst Blog Highlights: Exxon Mobil, Chevron, Royal Dutch Shell, Petrobras and BP
Royal Dutch Shell's (RDS.A) massive LNG Canada project is expected to get the official go-ahead shortly, while oil majors swarmed the deepwaters of Brazil in one of its pre-salt auction rounds.
, a former SBM Offshore sales executive, received 30 months in prison and has to pay a $50,000 fine. The FCPA bars the use of bribes to foreign officials to get or keep business. Mr. Zubiate admitted that he and his co-conspirators used a third-party sales agent for 16 years to pay bribes to officials at Petróleo Brasileiro SA, known as Petrobras, in exchange for their help in getting contracts for SBM Offshore and its U.S. unit.
Bids were made by offering a percentage of profit oil, which is the proportion of gains from the fields that will go to the government. Energy companies were eager to bid in Brazil’s last oilfield auction ahead of presidential elections in October because it’s unclear when, and under what terms, the next government might sell more blocs in the pre-salt area, according to Adriano Pires, director of Rio-based think tank Brazilian Infrastructure Center.