|Bid||75.73 x 3200|
|Ask||75.74 x 3200|
|Day's range||74.75 - 75.77|
|52-week range||64.65 - 87.36|
|Beta (3Y monthly)||1.15|
|PE ratio (TTM)||17.41|
|Earnings date||2 Aug 2019|
|Forward dividend & yield||3.48 (4.64%)|
|1y target est||83.86|
A veteran oil analyst sees a "generational" opportunity in big oil stocks, which are paying high dividend yields and have lagged oil prices this year.
Technology stocks led the advance for the broader US market as investors kept an eye on the strained geopolitics of the Gulf. The S&P 500 finished 0.3 per cent higher on Monday, with an afternoon rally at one point putting up as much as 0.5 per cent. That also saw the Dow Jones Industrial Average turn positive and close fractionally higher, but it was tech names that led the way, with the Nasdaq Composite rising 0.7 per cent.
Oil traders are chartering more ships and snapping up fuel oil storage tanks in and around Singapore, the world's top bunkering port, to stock up cleaner fuel that will meet new shipping rules coming into force next year, industry sources said. The move has pushed up lease rates for tank storage in Singapore and increased the number of supertankers floating in Singapore and Malaysian waters as traders store fuel months ahead, betting on a spike in prices for low-sulphur fuel oil (LSFO). Storage tank rates for crude and fuel oil have risen nearly 20 percent since the start of the year to about S$5.00 to S$5.50 ($3.68 to $4.05) per cubic metre for a lease period of 6 to 12 months.
As oil prices get volatile, it's imperative to know integrated energy stocks' outlook. Analysts’ mean price targets for Chevron (CVX), Royal Dutch Shell (RDS.A), ExxonMobil (XOM), BP (BP), Total (TOT), and Suncor Energy (SU) suggest that SU has the highest upside potential of 36%. TOT and RDS.A follow with 32% and 29% upside potential. This […]
Production shut-in and loss of imports forced by Hurricane Barry led to the stockpile draw with the world's biggest oil consumer even as lower refinery crude runs capped the decline.
Jefferies has cut its target prices for integrated energy stocks ExxonMobil (XOM), Chevron (CVX), and Royal Dutch Shell (RDS.A).
The Zacks Analyst Blog Highlights: ConocoPhillips, Exxon Mobil, Royal Dutch Shell and Chevron
The value of McDermott's (MDR) latest FEED contract, which is expected within $1-$50 million, will be reflected in second-quarter 2019 backlog.
Income investors love high-yield stocks, but you need to be on the lookout for dividend cuts. Here are some clues that there's trouble brewing.
While China's efforts to increase output may offset production decline from aging oilfields, it is not likely to reduce its dependence on foreign oil and gas imports.
Tropical Storm Barry is expected to bring heavy rain and cause dangerous flooding across southeastern Louisiana.
The Strait of Hormuz, where the BP-operated oil tanker was "harassed," is touted as the most important global passageway for transporting crude.