|Bid||0.00 x 800|
|Ask||85.00 x 800|
|Day's range||81.20 - 82.23|
|52-week range||60.69 - 82.33|
|PE ratio (TTM)||42.98|
|Forward dividend & yield||2.00 (2.58%)|
|1y target est||86.91|
Warren Buffett boosting his stake in Apple Inc. has pundits predicting it is poised to hit $1 trillion in market value. It now ranks fifth among Chinese companies, at less than half the market values of e-retailing behemoth Alibaba Group Holding Ltd. and e-payment giant Tencent Holdings Ltd. -- which both traded above the equivalent of $500 billion at several points this year. Apple topped $500 billion for the first time in February 2012. Currently, Amazon.com Inc., Microsoft Corp., Google’s parent Alphabet Inc. and Facebook Inc. are all half-trillion-dollar-plus companies.
Investing.com – Asian stocks extended their gains in afternoon trade on Monday, despite data that showed China’s manufacturing activities in April were slower than expected. Japan’s market was closed on Monday, Tuesday and Friday this week for Golden Week while China shut Monday and Tuesday.
Investing.com - Asian stocks were higher in morning trade on Monday, with Japan closed on Monday, Tuesday and Friday this week for Golden Week while China shut Monday and Tuesday.
PetroChina Co.’s profit rose 78 percent in the first quarter as the country’s largest oil and gas producer benefited from a rally in crude prices while holding in check its losses from reselling imported gas. Like other major global producers, PetroChina, which accounts for more than half the nation’s crude and gas output, is reaping the rewards of a price rally mainly driven by OPEC-led production cuts. Operating profit in PetroChina’s exploration and production division surged more than fivefold to 9.7 billion yuan in the period, even as oil and gas output was flat, the explorer said in the statement.
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.
In this part, we’ll look at ExxonMobil’s (XOM) stock price forecast range based on its implied volatility for the 14-day period until its earnings. ExxonMobil is expected to post its 1Q18 earnings on April 27, 2018.
ExxonMobil (XOM) posted better-than-expected 1Q17 earnings, which paused the downtrend witnessed in the previous quarter. But XOM’s 50-day moving average (or DMA) stayed below its 200 DMA in 2Q17 and 3Q17. However, in 4Q17, as WTI started rising, XOM stock began surging. Plus, tax reforms were announced in the US, pushing up the stock. Led by the stock upsurge, XOM’s 50-day moving average rose steeply, ultimately crossing over its 200-day moving average in 4Q17.
Just as China’s oil imports jumped to the second highest level on record, Saudi Arabia raised the price of its flagship crude, jeopardizing its Asian market share
In 1Q17, Royal Dutch Shell’s (RDS.A) 50-day moving average stood above its 200-day moving average. Shell stock’s downtrend paused in the second quarter, likely in expectation of its earnings. Shell published its 1Q17 numbers, which exceeded its estimates, but as WTI (West Texas Intermediate) continued to plunge, it likely pressured Shell stock.
Shell's (RDS.A) divestment of its entire stake in the Mukhaizna field in Oman is going to help boost the company's upstream portfolio and buoy its financials.
The Zacks Analyst Blog Highlights: Autohome, Kingdee International Software Group, China Petroleum & Chemical, Yanzhou Coal Mining and PetroChina
Concho Resources (CXO) took the acquisition route to expand market reach in the Permian play, while Tallgrass Energy (TEGP) announced a merger deal to lower capital cost.
BEIJING (Reuters) - Chinese state energy giant CNPC said on Tuesday it has sold its first ever gasoline to the Americas, with a 35,000-tonne cargo setting sail for the Bahamas on March 30, the latest sign ...
In the previous part of this series, we discussed Chevron’s (CVX) short interest changes. Chevron (CVX) is now trading at a forward PE (price-to-earnings ratio) of 18.2x, above its peer average of 15.2x. On the other hand, peers Royal Dutch Shell (RDS.A), BP (BP), and Total (TOT) are trading under the average at 10.8x, 13.7x, and 12.3x, respectively.
Three firms that bought crude oil last year from U.S. emergency stockpiles raised concerns about dangerous levels of a poisonous chemical in the cargoes, according to internal Energy Department emails and shipping documents reviewed by Reuters. Problems with crude quality would make the U.S. Strategic Petroleum Reserve (SPR) less useful in an emergency because refiners would need to spend time and money removing contamination before producing fuel. Hydrogen sulfide (H2S) occurs naturally in crude and natural gas, but oil producers typically decontaminate such products before delivery to buyers.
PetroChina (PTR) has decided to pay shareholders its entire full-year net income after rising crude prices nearly tripled China's biggest oil producer's annual profit.