Utilities are trading at a valuation ratio just above 10x, which means that Exelon seems to be attractively placed next to peers and its historical average.
Exelon (EXC) stock currently looks stable, trading on par with its 50-day MA (moving average) and 4% above its 200-day MA.
Right now, Exelon (EXC), the largest hybrid utility in the US, seems to be relatively better placed among peers.
Duke Energy (DUK) seems to have a marginal edge over Southern Company (SO) due to its relatively stable earnings growth prospects.
In 2016, Southern Company (SO) and Duke Energy (DUK) gave away 86% and 91%, respectively, of their profits as dividends.
In 2016, Duke Energy (DUK) paid dividends of $3.36 per share, while Southern Company (SO) paid dividends of $2.22 per share.
Utility giants SO and DUK have healthy dividend profiles and premium yields. But to know which one is superior, we have to compare dividend profiles.
After a weak performance on Thursday, crude oil prices are slightly higher on Friday. Higher US crude oil inventory levels are weighing on the oil market.
The United Kingdom’s FTSE 100 index is slightly weaker in the early hours. The market is cautious before the US healthcare vote scheduled for today.
On March 24, the Shanghai Composite Index rose 0.63% and ended the day at 3,268.93. GXC closed at 83.24—a gain of 0.28% on March 23.
At ~65.1%, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) showed the highest correlation with US crude oil from February 23 to March 23, 2017.
US crude oil (USO) (USL) May futures fell 3.1% between March 16, 2017, and March 23, 2017. The fall in XLE corresponds to the fall in oil prices.
From March 16, 2017, to March 23, 2017, the United States Natural Gas ETF (UNG), which is designed to track active natural gas futures, rose 5.7%.
From March 16 to March 23, 2017, the United States Oil ETF (USO) fell 3.4%. In the trailing week, WTI crude oil (DBO) (USL) (OIIL) May futures fell 3.1%.
On March 23, 2017, US crude oil futures contracts for May delivery closed at $47.70 per barrel—an ~0.7% fall over the previous trading session.
After the sale, Transocean will be a pure-play floater company. Transocean now has 41 high-specification floaters—one of the biggest floater fleets around.
After the news of the sale of Transocean’s (RIG) jack-up fleet broke on March 20, RIG stock closed at $12.22—2% lower than the previous day’s closing price.
In this part of the series, we’ll analyze the correlation between the worst OFS (oilfield services and equipment) companies and crude oil.
Halliburton (HAL) ranks first among our list of OFS companies for earnings growth, with 92.0% of sell-side analysts recommending a “buy.”
In this part of the series, we’ll analyze the correlation between the top OFS companies and crude oil prices.