So far, we’ve evaluated Tesoro’s stock performance, ratings, dividend yield, and PEG ratio. In this article, we’ll consider Tesoro’s forward valuation compared to its peers’.
In this article, we’ll compare Tesoro’s beta with those of its peers. The 90-day beta depicts how much a stock moves for the given daily movements in the market for 90 days.
TSO’s dividend yield rose from 2% in 4Q13 to 2.6% in 4Q16 due to the steep rise in its dividend compared to the rise in its stock price during the period.
In this article, we’ll compare Tesoro’s (TSO) PEG ratio (price-to-earnings to blended growth rate) to those of its peers. We’ve considered the mean estimate of PEG.
Thirteen out of the 18 analysts covering Tesoro (TSO) have rated it as a “buy” so far in March 2017. Another five analysts have rated TSO as a “hold.”
Since January 3, 2017, Tesoro stock has fallen 8%, more than its peers Marathon Petroleum and Valero Energy, the leading American downstream companies.
For Seadrill, Danske Bank reduced its target price to ten Norwegian kroner. Evercore reduced its target price to $1 from $2 and maintained a “sell” rating.
In February, two drilling permits were issued to drill a new well in the shallow water of the Gulf of Mexico. In the previous month, one permit was issued.
For the week ending March 17, 2017, the US offshore rig count fell to 19 from 20 in the prior week. The offshore rig count continued to sway.
Although oil prices are expected to rise in 2017, it won’t benefit the offshore drilling industry. It will be the third year that spending hasn’t risen.
March couldn’t keep up the pace. Contracting activity fell compared to the previous month. As of mid-March, six new contracts had been announced.
Since the beginning of 2017, Seadrill stock has been hit hard among offshore drilling stocks. The company is having a hard time surviving the downturn.
Global implications such as interest rate hikes, political stability, and market uncertainty play big roles in determining the prices of mining shares.
Precious metal funds like GLD and SLV have seen significant correlations to their respective precious metals.
Funds like GDX and RING)are closely linked to the performance of precious metals—especially to gold and silver.
All four precious metals witnessed a rise in price on Monday, March 20, as the US dollar slipped to its six-week low.
All the stocks we’ve looked at in this series are trading below their Wall Street analyst targets and have upside potentials of 28.0%–48.0%.
For 2017, Encana’s (ECA) capital spending program will be $1.6 billion–$1.8 billion. That represents a midpoint rise of ~55.0% compared to 2016.
In its 4Q16 earnings call, Southwestern Energy (SWN) said it has raised its 2017 capital spending program to $1.2 billion–$1.4 billion.
For fiscal 2017, Marathon Oil (MRO) plans to spend ~$2.2 billion in capex, which is ~100.0% more than fiscal 2016.