14.60 -0.51 (-3.38%)
After hours: 6:42PM EDT
|Bid||14.86 x 900|
|Ask||14.90 x 1200|
|Day's range||15.03 - 15.57|
|52-week range||7.61 - 17.20|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||14.63|
Of the 23 analysts tracking Chevron (CVX), 18 (78%) recommend “buy” or “strong buy,” and five (22%) recommend “hold.” None recommend “sell.” Chevron’s target price has been raised since its earnings release, by: UBS, from $120 to $130 Citigroup, from $133 to $145 Bank of America Merrill Lynch, from $138 to $150
BRASÍLIA—Truck drivers went on strike in Brazil against rising fuel prices for the second day on Tuesday, threatening the country’s sluggish recovery and pushing its cash-strapped government into a corner. Truckers complain that the cost of diesel fuel, which represents about 42% of their costs, is up 16% from a year ago.
Rampant corruption scandals and a deep recession soured many foreign investors on Brazil in recent years, but one Canadian group saw opportunity. Brookfield Asset Management Inc (BAMa.TO) and its subsidiaries have made nearly a dozen major acquisitions there since 2013. The deals confirmed Brookfield's reputation as one of the strongest-stomached investors in Brazil.
Previ, Brazil’s biggest pension fund, sent a letter in February demanding BRF Chairman Abilio Diniz convene a shareholder meeting to remove the entire board, including himself. After a two-month fight, Previ got its way: Investors voted in five new directors and replaced Diniz with Pedro Parente, who’s credited with turning around the country’s state-owned oil company, Petroleo Brasileiro SA. “BRF kept showing successive results that were a concern for us as shareholders,” Gueitiro Matsuo Genso, Previ’s chief executive officer, said in an interview in Sao Paulo.
The world's three largest oil traders are competing to buy the African arm of Brazil's Petrobras (PETR4.SA) that owns stakes in two major Nigerian offshore oil blocks, industry and banking sources with knowledge of the matter said, after submitting bids earlier this month. Last November, state-controlled Petroleo Brasileiro SA, known as Petrobras, launched the sale of 100 percent of Petrobras Oil & Gas BV, or Petrobras Africa, as part of the heavily-indebted company's plan to offload $21 billion in assets through 2018 as it also faces a massive corruption scandal. Petrobras holds half the shares in the company while 40 percent are held by a subsidiary of Grupo BTG Pactual SA and 10 percent by Helios Investment Partners.
The world's three largest oil traders are competing to buy the African arm of Brazil's Petrobras (PETR4.SA) that owns stakes in two major Nigerian offshore oil blocks, industry and banking sources with knowledge of the matter said, after submitting bids earlier this month. Last November, state-controlled Petroleo Brasileiro SA, known as Petrobras, launched the sale of 100 percent of Petrobras Oil & Gas BV, or Petrobras Africa, as part of the heavily-indebted company's plan to offload $21 billion (15.5 billion pounds) in assets through 2018 as it also faces a massive corruption scandal. Petrobras holds half the shares in the company while 40 percent are held by a subsidiary of Grupo BTG Pactual SA and 10 percent by Helios Investment Partners.
ExxonMobil (XOM) stock is covered by 22 Wall Street analysts, six (or 27.0%) of whom have assigned a “buy” or “strong buy” recommendation on the stock. Thirteen analysts (or 59.0%) assigned “hold” ratings on the stock. Three analysts (or 14.0%) assigned a “sell” or “strong sell” rating on the stock. ExxonMobil’s mean target price of $86.00 per share implies a 7.0% gain from the current level.
On May 4–11, upstream stock Carrizo Oil & Gas (CRZO) was the top gainer on our list of energy stocks. During this period, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) rose 4.2%—the largest gainer among the major energy subsector ETFs that we discussed in the previous part of this series.
Petroleo Brasileiro (PBR) was a big mover last session, as the company saw its shares rise more than 9% on the day amid huge volumes.
SAO PAULO (AP) — Brazil's Petrobras says profit rose 56 percent in first quarter of the year as the state-controlled oil company is beginning to emerge from a massive corruption scandal.
In the last part of this series, we looked at analyst ratings for BP (BP). In this part, we’ll look at changes in BP’s implied volatility. We’ll also estimate BP stock’s price range for the ten-day period ending May 11.
In this part, we’ll consider analyst ratings for BP after 1Q18 earnings. BP is currently rated by a total of 12 analysts. Of the total, six analysts have given it “buy” or “strong buy” ratings, five have assigned it “hold” ratings, and one analyst has assigned it “sell” ratings.
In this part of the series, we’ll look at changes in ExxonMobil’s (XOM) implied volatility. We’ll also estimate ExxonMobil’s stock price range for the seven-day period ending May 4.
In this series, we examined ExxonMobil’s (XOM) segmental earnings in 1Q18. We also discussed ExxonMobil’s stock performance after its earnings release on April 27. In this part, we’ll evaluate analyst ratings for ExxonMobil after its earnings.
Former President Luiz Inacio Lula da Silva was sent to jail three weeks ago for his role in the Car Wash scandal, Brazil's public works contract-rigging scheme involving state-controlled oil firm Petrobras. Brazil's ex-president Luiz Inacio Lula da Silva cannot cut a break. Jailed for nearly a month, the former leader got whacked with new charges of bribery by the country's attorney general, Raquel Dodge, on Monday.
BP (BP) has observed a fall in its short interest (percentage of outstanding shares) from 0.20% on January 2 to the current level of 0.16%. A fall in the short interest usually shows that the bearish sentiment for the stock has decreased. During the same period, BP’s stock price rose 2.6%.
BRASILIA (Reuters) - Centrais Elétricas Brasileiras SA and Petróleo Brasileiro SA are close to agreeing on a deal to solve a dispute involving 20 billion reais ($5.75 billion) worth of Eletrobras debt, ...
Companies from Brazilian state oil company Petróleo Brasileiro SA to commodities giant Louis Dreyfus Company and German car giant Volkswagen AG could face hefty bills after Brazil's Supreme Court this month allowed local governments to charge property taxes to operators of public concessions. The ruling settled an 18-year old spat between Petrobras, as the state-controlled oil company is known, and the city of Santos, home of Brazil's busiest container port.
In the previous part of this series, we looked at Royal Dutch Shell’s (RDS.A) stock price forecast range based on its implied volatility. In this concluding part of our series, we’ll consider Shell’s forward valuations after 1Q18 earnings. Let’s begin with the forward PE (price-to-earnings ratio).
In this post-earnings release series, we’ve looked at analyst ratings for Royal Dutch Shell (RDS.A). In this part, we’ll look at changes in Shell’s implied volatility. We’ll also estimate Shell’s stock price range for the eight-day period ending on May 4.
Royal Dutch Shell (RDS.A) announced its earnings on April 26 before the market opened. The stock opened at $69.8 per share, lower than the previous close of $71.1. Eventually, Shell stock closed at $70.3, around 1.1% lower than the previous day’s close. This performance is quite contrary to the broader market indicator, which rose on the day. Also, crude oil prices rose, and Shell’s peers ExxonMobil (XOM), Chevron (CVX), and BP (BP) rose.
In the previous two parts, we reviewed BP’s (BP) segment-wise outlook for 1Q18. Now, we’ll examine BP’s stock performance before its 1Q18 results. BP stock has risen 2.6% since January 2.