Unfortunately, some analysts still weren’t all that impressed with the company’s performance nor its future outlook. The number of analysts agreeing with this consensus is 13. During the year ended December 31, 2012, its average daily production was 82.5 million barrels of oil equivalent per day. “Moreover, policies to reformulate fuel and lower emission from refinery operations may hamper earnings going forward as the company needs to divert cash flows to ensure regulatory compliance”. Whiting Petroleum Corp’s stock is down -65.87% over the past 200 days.
– David Peltier “Stocks Under $10 Weekly Roundup” Originally Published on 8/21/2015 on Stocks Under $10. Zacks raised shares of China Petroleum & Chemical Corp from a hold rating to a strong-buy rating and set a $96.00 price objective for the company in a report on Monday, June 22nd.
8/17/2015 – Marathon Petroleum Corp was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. Mr. Gresh thinks Marathon Petroleum is well-positioned to capitalize on its business in current market conditions.
Shares of Marathon Oil Corporation (NYSE:MRO) appreciated by 5.85% during the past week but lost 20.75% on a 4-week basis.
The 2Q results indicate that the company is in a transition phase, while the accretion from the deal between Markwest Energy and MPLX LP has already been incorporated in the stock price of Marathon Petroleum, according to the equity research firm.
China Petroleum & Chemical Corporation (NYSE:SNP) is an energy and chemical company.
Murphy Oil Corporation (NYSE:MUR) dropped -2% or -0.6 points to trade at $29.44 per share. The company informed investors that they would receive a payout in the amount of $0.21 per share for shareholders of record on 2015-08-19, payable on 2015-09-10.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Whiting Petroleum Corp. has dropped 49.23% during the last 3-month period. Canaccord Genuity reissued a hold rating and issued a $34.00 price objective on shares of Whiting Petroleum Corp in a research note on Wednesday, May 6th. Some of this may still be getting shaken out on Monday, the final trading day of August.
Snapping back fiercely from a deep two-month slump that reached 6½ year lows this week, oil climbed as world stock markets rose on hopes Chinese government measures to stimulate the economy would pay off, while the dollar strengthened as risk aversion eased. The trading volume at ready counter moved to 18.46 million shares as compared to 10.05 million shares average traded volume. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Staples, Inc. (SPLS) of the Services is up 0.73% this morning at $13.85 and 652153 shares. The disclosure for this sale can be found here.
The management at Marathon Petroleum believes that the company tends to perform efficiently in a volatile market environment.
As of now, the company seems good for investments, given its geographic mix and exposure to the Gulf Coast and mid-continent regions.