Dallas 8/7/2010 11:02:20 PM
News / Business

Stock Market Alert on Three Loser Oil Stocks (CVX, COP, RDSA)

Stock Market Alert

Chevron Corp. (NYSE:CVX) stock is currently trading at $77.90, down 1.48%. The stock reached the high of $79.02 after opening at $78.23. It has 52-week price range of $66.06-$83.41. The stock’s EPS is $6.59 and its beta is 0.71. Chevron’s P/E ratio is 11.83. Its 50-day moving average is at $73.00 and 200-day moving average stands at $74.92. The company’s market cap is $156.60 billion.

 

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Chevron Corp. has announced that it has won $101 million bid for Canada Arctic rights. The company has been granted a block north of the Yukon coast. The company deals in integrated petroleum operations.

 

ConocoPhillips (NYSE:COP) stock today opened at $57.04 and currently is trading at $56.37 after reaching a high of $57.54. Currently, the stock is down2 .31% from its last close. ConocoPhillips stock has traded in the range of $42.05-$60.53 in last 52 weeks. The company’s market cap is $86.12 billion and its EPS stands at $3.81. ConocoPhillips’s stock is trading at a P/E ratio of 14.82 and its beta is 1.12. ConocoPhillips’s 50-day moving average is at $53.21, whereas its 200-days moving average is $52.64.

 

ConocoPhillips is planning to divest its stake in the Russian oil firm Lukoil. The company currently owns 20 percent share in the Russian oil company. ConocoPhillips is looking to raise $3.4 billion from this divestment.

 

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Royal Dutch Shell plc (NYSE:RDS.A) stock is currently trading at $57.40, which is 0.52% lower than its last closing price. The stock opened at $57.24 today and peaked at $57.87. The stock’s 52-week average is $49.16-$63.75. Its 50-days moving average is $53.23 and 200-days moving average is at $55.87. The company has a beta of 0.92 and its EPS is $4.73. Royal Dutch Shell has a market cap of $179.26 billion. The company’s P/E ratio is 12.14.

 

Royal Dutch Shell announced impressive second quarter results. The company declared 34 percent rise in its quarterly profits. However, the company’s crude production increased by only 1 percent. The company also said that the oil price rose faster than the gas price and therefore the gap between them is bigger now.

 

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