YPF Sociedad Anonima

Integrated energy stock YPF Sociedad Anonima (YPF) was the second weakest on our list last week, and midstream stocks Western Gas Partners (WES) and Shell Midstream Partners (SHLX) ranked third and fourth.

Due to its superior performance, Wall Street expects YPF to fetch the highest returns over the next 12 months among other integrated energy companies.

Of the 11 analysts covering BP stock, four (36%) have assigned “buy” or “strong buy” ratings, while seven (64%) have assigned “holds.” None has assigned a “sell.”

Chevron’s PEG ratio stands at 0.16, which is below the peer average of 0.22.

In January, 23 analysts rated Chevron (CVX). Among the analysts, 17 (or 74%) recommended a “buy” or “strong buy.”

In the previous part of this series, we discussed Total’s historical valuation trends. Now we’ll compare its forward valuation with that of its peers.

This week, which started on October 9, 2017, China National Offshore Oil (CEO) is at the top of the list of gainers in the integrated energy sector.

The correlation coefficient of BP’s stock versus WTI (West Texas Intermediate) for the 12-month period stands at 0.65.

Series so far So far in this series, we’ve looked at BP’s (BP) exploration portfolio, upstream projects, expected earnings for 2Q17, debt position, and liquidity. In the previous part, we looked at implied volatility based on BP’s stock price estimate for the eight days ending July 14, 2017. We’ll now look at institutional holdings in BP. Institutional […]

The new fiscal regime will allow new exploration and production contract models to foreign players, including profit sharing, production sharing, and license contracts.

Between September 14 and 21, upstream stock Southwestern Energy Company (SWN) gained the most on our list of energy stocks.

ExxonMobil and Chevron are expected to post dull numbers in the third quarter. They’re scheduled to report their third-quarter earnings on November 1.

Shell’s Q2 earnings are expected to rise year-over-year.

Implied volatility in Equinor (EQNR) has risen by 1.5 percentage points over April 1, 2019, to the current level of 27.3%.

Chevron’s (CVX) first-quarter earnings fell due to its lower Upstream and Downstream earnings.

Total (TOT) announced its first-quarter earnings on April 26, 2019.

Since January 2, Total stock has risen by 5.5%.

Total (TOT) stock has fallen 21% in the fourth quarter so far.

PetroChina (PTR) fell ~7.7% from the previous week’s close of $84.18 to $77.72 on June 14.

Before we look at Chevron’s (CVX) moving average since January 2, let’s briefly look at how moving averages trended until then.

To conclude our series on the biggest movers in the energy sector, we’ll look at the biggest losses from the US integrated energy sector this week.

ExxonMobil (XOM) stock is covered by 24 Wall Street analysts. Seven of them (or 29%) have given the stock a “buy” or “strong buy” recommendation.

Post-earnings, BP has been rated by a total of 11 analysts. Of the total, five analysts have assigned “buy” or “strong buy” ratings, five have assigned “hold” ratings, and one has assigned a “sell” rating on the stock.

Of the 23 analysts covering Chevron, 13 analysts assigned “buy” or “strong buy” ratings, nine assigned “hold” ratings, and one assigned a “sell” rating for the stock

Chevron (CVX) announced its 4Q17 results on February 2, 2018. CVX opened the day at $123.90 per share, which was lower than its previous close of $125.60.

Chevron’s moving averages In this part, we’ll look at Chevron’s (CVX) moving averages. Let’s start with its moving averages in the first nine months of 2017. In the beginning of 2017, Chevron’s 50-DMA (day moving average) slid down but stayed above its 200-DMA. The downtrend in Chevron stock extended to 2Q17. As WTI (West Texas […]

In this series, we’ll rank the top ten global integrated energy firms based on the “buy” ratings received from Wall Street analysts.

In the week ended November 10, 2017, upstream stock Cobalt International Energy (CIE) ranked first on our list of top energy losers.

On August 25–September 1, 2017, oilfield services stock CARBO Ceramics (CRR) was the largest loser among our list of energy stocks.

Of the 11 analysts tracking Shell, ten (91%) analysts have assigned “buy” or “strong buy” ratings, while one (9%) has assigned a “hold” rating.

BP’s price-to-earnings-to-growth ratio Previously, we looked at BP’s (BP) short interest. In this part, we’ll switch to a valuation analysis, beginning with the PEG (price-to-earnings-to-growth) ratio. The ratio represents a stock’s valuation after factoring in its expected future growth rate. We’ll use a mean estimate, which is arrived at by considering BP’s mean price-to-earnings ratio […]

Shell’s PEG ratio stands at 0.31, above the peer average of 0.26.

The leading economic index in Argentina rose 3.0% in May 2017 compared to 0.70% in April 2017.

Institutional holdings in ExxonMobil (XOM) currently stands at ~51%.

Inflation is expected to reduce the value of assets if the price rise of the asset doesn’t catch up with inflation. Core inflation in the United States is growing at a rate of ~2%.

Suncor has been rated by 11 analysts. Nine analysts rated it as a “buy,” two analysts rated it as a “hold,” and no analysts rated it as a “sell.”

Six analysts gave ExxonMobil a “buy” rating, 13 analysts gave it a “hold” rating, and seven analysts gave it a “sell” rating after its 4Q16 earnings.

ExxonMobil stock opened at $85.1 per share on January 31—higher than the previous close of $84.9. Eventually, it closed at $83.9.

After its earnings, 18 of the analysts assigned “buy” ratings to Chevron, eight analysts assigned “hold” ratings, and none of them assigned “sell” ratings.

After its production update news, Petrobas’s forward PE and EV-to-EBITDA stood at 18.7x and 6.3x, respectively.

In 3Q16, BP’s total debt-to-capital ratio stood at 38.9%, higher than the industry average of 36%. Its net debt-to-adjusted EBITDA ratio rose from 0.77x in 3Q14 to 2.3x in 3Q16.

Suncor Energy (SU) announced its 3Q16 earnings on October 26 after market hours. On the day, in anticipation of results, SU opened at $28.9.

Petrobras is trading at a two-year forward EV-to-EBITDA ratio of 4.8x, below the peer average of 5.4x.

UBPIX’s assets were invested across 35 stocks in July 2016, and it was managing assets worth $25 million.

In this article, we’ll consider BP’s forward valuations compared to those of its peers. BP’s market cap stands at ~$105 billion.

Petrobras posted its earnings after the Market closed on August 11, 2016. In anticipation of the results, PBR’s implied volatility fell by 3.7% to 61.4.

On July 28, Shell’s implied volatility fell by 9% to 20.5 compared to the previous day.

Petrobras’s (PBR) implied volatility currently stands at 62.

Petrobras’s (PBR) institutional holdings currently stand at ~12%.

The average 12-month price target for Petrobras is $5.80, indicating a 32% loss from the current levels.

Suncor Energy’s (SU) implied volatility currently stands at 28.1. Since February 11, 2016, SU’s implied volatility has fallen by 46%.

Total (TOT) implied volatility currently stands at 24.3. Since June 7, 2016, Total’s implied volatility has risen by 16%.

Integrated energy companies such as ExxonMobil (XOM) are affected by volatility in crude oil prices. To what degree? This varies from company to company.

Shell has witnessed a 49% fall in its short interest volumes since February 10, 2016. This indicates that the bearish sentiment for the stock is weakening.

ExxonMobil’s price-to-earnings (or PE) ratio has generally shown an uptrend in the past two years. In 1Q16, the stock traded at a PE of 26.4x.

ExxonMobil’s (XOM) net debt-to-adjusted EBITDA stood at 1.4x in 1Q16. This was lower than the industry average ratio of 2.6x.

Shell’s net debt almost doubled over 1Q14 to $70 billion in 1Q16. This was led by a 77% rise in its total debt over 1Q14 to $81 billion in 1Q16.

BP’s market cap stands at ~$100 billion. Among the company’s peers, ExxonMobil (XOM) has the highest market cap of ~$371 billion.

Petrobras’s market cap stands at ~$38 billion. Among the company’s peers, ExxonMobil (XOM) has the highest market cap of ~$374 billion.

Eni SpA (E) announced its 1Q16 earnings on April 29, 2016. On the same day, Eni opened at $32.7, marginally higher than the previous day’s close of $32.6.

Eni is now trading at a two-year forward PE (price-to-earnings ratio) of 19.9x, much higher than its peer average of 15.1x.

Last year, Petrobras’s (PBR) stock fell on plunging oil prices. Continuing the trend, PBR’s stock had a weak opening in 2016.

The UltraLatin America ProFund – Class A (UBPIX) fell 13.7% in December 2015 from a month prior.

The BlackRock Latin America Fund – A (MDLTX) rose just 3.8% in October 2015 from a month ago.

The JPMorgan Latin America Fund Class A fell by 6.2% in September from August 2015. But from the end of September until October 28, the fund was up 5.2%.

The BlackRock Latin America Investor A Fund fell by 7.0% in September from August 2015. But between September and October 28, the fund rose by 5.3%.

In 3Q15, analysts expect that ExxonMobil’s earnings could fall more. Its 3Q15 adjusted EPS is expected to be $0.91. This is 9% below the 2Q15 adjusted EPS.

In 2Q15, ExxonMobil (XOM) experienced solid downstream earnings growth. ExxonMobil’s downstream business consists of refinery operations and petroleum products sales.

ExxonMobil is scheduled to release its 2Q15 earnings on July 31. Most energy stocks have tumbled since June 2014, when crude oil crashed, and ExxonMobil’s returns have been negative in 2015.

Among ExxonMobil, BP, Royal Dutch Shell, and YPF, all except one recorded a free cash flow decline in 1Q15 over the corresponding quarter last year.

While YPF increased its capex in 1Q15, ExxonMobil, BP, and Royal Dutch Shell recorded a capex decline in 1Q15 over the corresponding quarter last year.

YPF and BP have been two of the best integrated energy stocks this year. Both stocks beat the Energy Select Sector SPDR ETF (XLE).

In 1Q15, only YPF grew revenues over 1Q14, while ExxonMobil, BP, and Royal Dutch Shell recorded a 1Q15 revenue decline.

In 4Q14, Apache sold its Wheatstone and Kitimat LNG assets in Australia. The company called this its “top strategic priority” in 2014.