Chevron (NYSE:CVX) is a company I have had my eye on for quite some time.
I have already elaborated on the mistake I made as a naive young investor, having panicked and sold my shares in Chevron at a price of $70, having been overly convinced by the media doom sayers that the oil industry will never be the same again.
However, from a long-term financial standpoint, Chevron still remains one of the most attractive stocks out there.
The company has grown its dividend for 31 years consecutively, and its yield of 4.17% remains among one of the highest on the S&P 500.
Chevron has taken a dip in 2017, from a price of approximately $118 at the beginning of the year to $103 at the time of writing:
Top 5 Oil Stocks To Own For 2019: Halliburton Company(HAL)
Advisors' Opinion:- [By Joseph Griffin]
Ferguson Wellman Capital Management Inc. purchased a new position in shares of Halliburton (NYSE:HAL) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 386,214 shares of the oilfield services company’s stock, valued at approximately $17,403,000.
- [By ]
Selected examples: (AAL) , (CL) , (DRI) , (HAL) , (LUV) , (MCD) , (MMM) , (SBUX) . Darden and 3M are holdings in Jim Cramer's Action Alerts PLUS.
What Trade War?Notes Goldman: "Firms expressed optimism that trade conflict would be resolved. Commentary emphasized the support for a free trade environment. Company management did not expect the disputes would escalate and affect global economic growth."
- [By Ethan Ryder]
Halliburton (NYSE:HAL) had its buy rating reiterated by analysts at Raymond James. They currently have a $55.00 price target on the stock.
Hannover Re Common Stock (FRA:HNR1) had its neutral rating reiterated by analysts at DZ Bank AG.
- [By Matthew DiLallo]
We're already starting to see signs of a slowdown. Fellow oil-field services giant Halliburton (NYSE:HAL) recently warned that while "we thought there would be a downturn in activity [in the Permian] due to budget constraints and takeaway issues... it's more than we expected." This higher-than-anticipated slowdown has created more vacancy on its calendar, which is putting pressure on service prices. Because of that, and some other issues, Halliburton's earnings in the third quarter will likely come in $0.08 to $0.10 per share below expectations.
Top 5 Oil Stocks To Own For 2019: Whiting Petroleum Corporation(WLL)
Advisors' Opinion:- [By Logan Wallace]
Whiting Petroleum Corp (NYSE:WLL) – Seaport Global Securities increased their Q1 2019 earnings per share (EPS) estimates for shares of Whiting Petroleum in a report issued on Wednesday, May 23rd. Seaport Global Securities analyst M. Kelly now expects that the oil and gas exploration company will post earnings of $0.98 per share for the quarter, up from their previous estimate of $0.55. Seaport Global Securities has a “Buy” rating and a $40.00 price target on the stock. Seaport Global Securities also issued estimates for Whiting Petroleum’s Q2 2019 earnings at $0.87 EPS, Q3 2019 earnings at $0.85 EPS, Q4 2019 earnings at $0.89 EPS and FY2019 earnings at $3.58 EPS.
- [By Joseph Griffin]
Whiting Petroleum Co. (NYSE:WLL) – Equities research analysts at Piper Jaffray Companies lifted their Q2 2018 earnings estimates for Whiting Petroleum in a research note issued on Sunday, May 20th. Piper Jaffray Companies analyst K. Harrison now forecasts that the oil and gas exploration company will earn $0.85 per share for the quarter, up from their previous forecast of $0.33. Piper Jaffray Companies currently has a “Hold” rating and a $46.00 target price on the stock. Piper Jaffray Companies also issued estimates for Whiting Petroleum’s Q3 2018 earnings at $0.97 EPS, Q4 2018 earnings at $1.16 EPS, FY2018 earnings at $3.90 EPS, Q1 2019 earnings at $1.70 EPS, Q2 2019 earnings at $1.48 EPS, Q3 2019 earnings at $1.47 EPS, Q4 2019 earnings at $1.59 EPS and FY2019 earnings at $6.24 EPS.
- [By Max Byerly]
TCW Group Inc. raised its stake in Whiting Petroleum Corp (NYSE:WLL) by 21.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,733 shares of the oil and gas exploration company’s stock after purchasing an additional 4,618 shares during the period. TCW Group Inc.’s holdings in Whiting Petroleum were worth $871,000 as of its most recent SEC filing.
Top 5 Oil Stocks To Own For 2019: Apache Corporation(APA)
Advisors' Opinion:- [By Rich Duprey, John Bromels, and Anders Bylund]
Micron Technology (NASDAQ:MU), Apache (NYSE:APA), and Apple (NASDAQ:AAPL) are three such companies that Wall Street has given up on, but that could be a big mistake. Here are the reasons why three Motley Fool contributors think the market is wrong about these stocks.
- [By Paul Ausick]
Apache Corp. (NYSE: APA) dropped about 7.3% Thursday to post a new 52-week low of $34.50. Shares closed at $37.20 on Wednesday and the stock’s 52-week high is $55.23. Volume was over 11 million, about three times the daily average of around 3.9 million. The company reported quarterly results this morning, but investors were not impressed.
- [By John Bromels]
Three companies that the market has walloped are Apache Corporation (NYSE:APA), Magellan Midstream Partners (NYSE:MMP), and General Motors (NYSE:GM). Here's why these stocks look like bargains, and why today might be a good time to scoop up some shares.
Top 5 Oil Stocks To Own For 2019: Marathon Oil Corporation(MRO)
Advisors' Opinion:- [By Matthew DiLallo]
That prediction would have been unfathomable just a few months ago. While some oil bulls thought prices could surprise to the upside, the consensus outlook was that crude would be in the low to mid $50s this year thanks to surging U.S. oil production. Because of that, most producers based their budgets on oil averaging $50 a barrel, including EOG Resources (NYSE:EOG), Marathon Oil (NYSE:MRO), and Anadarko Petroleum (NYSE:APC). In EOG Resources' case, $50 oil would provide it with the cash flow to pay a dividend that was 10.4% higher than 2017's level and drill 690 more wells, which would boost oil production about 18%. Meanwhile, Marathon Oil could produce enough cash at that price point to pay its dividend and fund the new wells needed to boost companywide output 12% compared to last year. Anadarko Petroleum, likewise, could fully fund its dividend and a growth-focused capital plan, which would see it boost oil output 14% this year.
- [By Joseph Griffin]
Melrose Industries (LON:MRO) issued its earnings results on Thursday. The company reported GBX 5.80 ($0.07) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of GBX 4.40 ($0.06) by GBX 1.40 ($0.02), Digital Look Earnings reports. Melrose Industries had a negative return on equity of 4.75% and a negative net margin of 4.58%.
- [By Matthew DiLallo]
The company's Powder River Basin assets also generated strong drilling results, with several wells topping 1,000 BOE/D. Finally, while the company did drill four wells in the Bakken, it has deferred completing them until later this year. That program is one to keep an eye on given the results Marathon Oil (NYSE:MRO) delivered last quarter, when it completed record-setting wells in the Three Forks and Middle Bakken formations.
- [By Chris Lange]
The S&P 500 stock posting the largest daily percentage loss ahead of the close was Marathon Oil Corp. (NYSE: MRO) which traded down over 5% at $19.99. The stock's 52-week range is $10.55 to $22.12. Volume was over 17 million compared to the daily average volume of 12.8 million.
Top 5 Oil Stocks To Own For 2019: Transocean Inc.(RIG)
Advisors' Opinion:- [By Spencer Israel]
Oil companies were popular sells for the month, including ConocoPhillips (NYSE: COP), BP p.l.c. (NYSE: BP), and Transocean Ltd. (NYSE: RIG) all net sold. Investors also net sold Alcoa Corp. (NYSE: AA), Starbucks Corporation (NYSE: CMG). and Facebook Inc. (NASDAQ: FB) in the midst of CEO Mark Zuckerberg's testimony before Congress.
- [By Tyler Crowe]
Three stocks on my watchlist that look incredibly cheap and will likely be high up on my next buy list are LGI Homes (NASDAQ:LGIH), U.S. Silica Holdings (NYSE:SLCA), and Transocean (NYSE:RIG). Here's why they look compelling to me now and why Wall Street seems to be assigning them such modest valuations.
- [By Max Byerly]
ValuEngine upgraded shares of Transocean (NYSE:RIG) from a hold rating to a buy rating in a research note released on Wednesday morning.
Several other research firms have also recently issued reports on RIG. Bank of America increased their price objective on Transocean from $12.00 to $13.00 and gave the stock a neutral rating in a research report on Wednesday, April 18th. Citigroup increased their price objective on Transocean from $15.00 to $16.00 and gave the stock a buy rating in a research report on Monday, April 30th. Susquehanna Bancshares set a $11.00 price objective on Transocean and gave the stock a hold rating in a research report on Friday, January 12th. Cowen set a $11.00 price objective on Transocean and gave the stock a hold rating in a research report on Thursday, January 11th. Finally, Piper Jaffray set a $11.00 price objective on Transocean and gave the stock a hold rating in a research report on Wednesday, January 10th. Eight investment analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $11.79.
No comments:
Post a Comment