The Dow Jones Industrials’ two energy stocks have done well
even as crude prices plunged below the $100 level. Here’s why ExxonMobil and
Chevron have survived oil’s drop.
Exxon Mobil Corporation (XOM), valued at $403.25B, started
the session at $91.80. Shares have traded today between $91.47 and $92.66 per
share and has traded between $84.70 and $95.49 over the past year. Exxon (XOM)
shares are currently priced at 12.45x this year’s forecasted earnings, which
makes them relatively expensive compared to the industry’s 9.01x earnings
multiple for the same period. And for passive income investors, the company
pays shareholders $2.52 per share annually in dividends, yielding 2.80%.
In a review of the consensus earnings estimate this quarter,
20 sell-side analysts are looking at $1.97 per share, which would be $0.23
worse than the year-ago quarter and a $0.02 sequential increase. Investors
should also note that the full-year EPS estimate of $7.49 is a $0.58 setback
when compared to the previous year’s annual results. The quarterly earnings
estimate is based on a consensus revenue forecast of the current quarter of
$110.79 Billion. If realized, that would be a 3.80% decrease over the year-ago
quarter. Read more
No comments:
Post a Comment