|Bid||3.4800 x 1200|
|Ask||3.4900 x 4000|
|Day's range||3.3300 - 3.7900|
|52-week range||3.0200 - 18.9300|
|Beta (5Y monthly)||2.49|
|PE ratio (TTM)||5.92|
|Forward dividend & yield||0.20 (5.76%)|
|1y target est||8.90|
In order to cope with the downward spiral in oil prices, the likes of Occidental Petroleum (OXY) and Apache (APA) slashed their dividend payouts.
Given the oil price freefall, Whiting Petroleum (WLL) instantly lowers its development activity and plans to keep a low profile until a sharp recovery is achieved in commodity price.
Marathon Oil (MRO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Stocks erased earlier gains mid-morning Tuesday, with the Dow erasing gains of as many as 945.7 points to dip into the red.
The launch of a price war between Saudi Arabia and Russia drove oil prices down by about a third on Monday, sending another shockwave through an industry that has been cutting costs since the 2014-2016 price collapse. Chevron Corp , the second largest U.S. producer, joined Marathon Oil Corp , EOG Resources Inc Canada's Cenovus Energy Inc and several smaller oil producers revisiting their spending and production plans in light of OPEC's decision to pump full bore beginning next month.
At a time when oil prices have declined sharply over coronavirus-led concerns, it also represents an opportunity to make a killing by acquiring good stocks at today's depressed prices.
Matador Resources' (MTDR) fourth-quarter results are supported by higher oil and gas production volumes, and increased oil price realization.