|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's range||71.03 - 72.20|
|52-week range||60.94 - 85.02|
|PE ratio (TTM)||31.09|
|Forward dividend & yield||1.44 (1.91%)|
|1y target est||95.62|
ASIA MARKETS Asian stocks were mostly lower on Tuesday as weak crude oil prices weighed on energy shares. September Brent crude (UK:LCOU8) sank 4.6% to $71.84 a barrel on the ICE Futures Europe exchange, the lowest close for a most-active contract since April 17, according to FactSet.
Short interest (as a percentage of outstanding shares) in Total (TOT) has fallen 0.01% since June 1 to the current level of 0.05%. This fall implies that the bearish sentiment in the stock has decreased marginally. Over the same period, Total stock rose 0.2%.
While Shell's (RDS.A) Kitimat LNG project was denied a go-ahead twice, it is witnessing a flood of events lately, signaling high chances of the much-awaited project receiving FID this time.
Zacks.com highlights: Turtle Beach, PetroChina, SunCoke Energy, OMV Aktiengesellschaft and Luxfer Holdings
July 4 (Reuters) - Beijing Gas Blue Sky Holdings Ltd : * ENTERED INTO NON-BINDING STRATEGIC COOPERATION AGREEMENT WITH GUIZHOU BRANCH OF PETROCHINA KUNLUN GAS CO * PURSUANT TO STRATEGIC COOPERATION AGREEMENT ...
This article is intended for those of you who are at the beginning of your investing journey and want to better understand how you can grow your money by investingRead More...
In this article, we’ll conclude our look at the biggest movers in the refining and marketing sector and the integrated energy sector. Let’s look at the Wall Street recommendations for the leading gainers and decliners for the week ended June 15.
Let’s how hedge funds are positioned among the leading gainers and decliners from the refining and marketing sector as well as the integrated energy sector for the week ended June 15.
PetroChina (PTR) is the leading declining stock in the week ended June 15 from the integrated energy sector. PTR fell ~7.7% from the previous week’s close of $84.18 to $77.72 on June 14. PetroChina declined on the first four days of the week, with the majority of the decline occurring on June 13 and 14.
The iShares China Large-Cap ETF (FXI) fell more than 1.5 percent in midday Friday trading, tracking for its first seven-day losing streak since December 2016.
BEIJING/SINGAPORE (Reuters) - China's imports of Venezuelan crude oil could sink to their lowest in nearly eight years in July as the OPEC producer struggles with shrinking output and mounting logistics issues, according to people familiar with the matter and shipping data. State-controlled PetroChina expects June loadings from Venezuela, mainly the Merey grade, to be half the normal rates, according to two Beijing-based oil officials briefed on the matter. Venezuela's state firm PDVSA has promised the lost volume would be topped up in July loadings for arrival in August-September, they said.
China's independent oil refiners are suffering a drastic change of fortune as new tax rules, shrinking diesel demand and higher crude prices threaten their nearly three-year profit bonanza. Industry executives and analysts said nearly 40 private refiners, often called "teapots" - which account for a fifth of China's almost 10 million barrels per day (bpd) in crude oil imports - are losing money and market share. Several have shut for maintenance to cut exposure to the market, and some teapots may have to shut for good if the conditions continue.
China’s plans to create a pipeline giant to aid development of its natural gas market are overdue, and welcome. The state-owned champion, provisionally dubbed China Pipelines Corp., will combine the pipeline divisions of state-owned PetroChina Co., China Petroleum & Chemical Corp. or Sinopec, and Cnooc Ltd. A mooted market capitalization of as much as 500 billion yuan ($78 billion) would make it the world’s largest pipeline operator on that measure, comfortably outstripping Enterprise Product Partners LP at $64 billion. There’s much to like in that plan, given the way the current setup has helped stymie China’s drive to increase the role of gas in its domestic energy mix.
Continuing with the biggest movers in the energy sector, let’s look at the top gainers from the US integrated energy sector for the week ending June 8.
Shell (RDS.A) is going to take the final investment decision on the much-awaited LNG Canada project by the end of this year.
PetroChina Co. rallied the most in two years after regulators unveiled a new gas market policy that harmonizes prices for different users and is seen as an earnings boost for the nation’s biggest producer and importer of the fuel. Meanwhile, China Resources Gas Group Ltd., China Gas Holdings Ltd. and ENN Energy Holdings Ltd. slumped as the move is seen undercutting the profitability of the nations’ three largest firms that deliver the fuel to homes and businesses. China’s gas demand is booming, driving the country to become one of the world’s biggest importers, as President Xi Jinping’s government seeks to replace some coal use with the cleaner-burning fuel, part of broader efforts to roll back the country’s notorious pollution.
Previously, we looked at BP’s (BP) moving average trends. In this part, we’ll use its implied volatility to forecast its stock price range up until June 29.
Previously, we saw that BP (BP) stock has surged 18% in the second quarter. In this part, we’ll look at BP’s moving averages.