Laggard Energy Stocks: CVX, HAL, XOM, SLB, OXY

PUBLISHED: Oct 03 2012 @ 12:57 | Comments (0) | More info about Ed Liston

Markets are trading up today but Oil does not seem to catch a break. Its downward slide is still on and it is trading 1.93 percent down at $90.12, after sliding below $90 in the early trades. Also, the entire energy sector is in the red zone, going against the broad market trend. The impact of the oil slide is more visible on oil service companies stocks.

Apart from paying attention to overall market trend, I also pay attention to specific industries for taking decisions about my portfolio. So, while energy sector is reeling down, let’s take a look at the most active energy stocks responsible for this slide:

Chevron Corporation (NYSE:CVX): The stock is trading 0.86 percent down from its previous close and is at $116.96 in its early trading. The company has inked a new deal with Bharat Petroleum Corp., under which it would supply 10,000 barrel per day of Nigerian Crude. The supply will be made at the official selling price. Chevron stock has traded in the range of $116.74 and $117.74 in the current trading session while it has oscillated between $91.03 and $118.53 in the past 52 weeks. The company reported its latest Earnings per Share at $13.42 and its stock is trading at the Price Earnings ratio of 8.73. Chevron Corporation commands market capitalization of $229.39 billion. Credit Suisse reiterated its Outperform rating for the stock and has set the price target at $135.

Halliburton Company (NYSE:HAL): The company is engaged in the business of providing services and products to the energy exploration and development companies. The stock is down 2.03 percent from its previous close of $34.07 and it has traded in the range of $33.28 and $33.96 in the current trading session. Halliburton Company received Buy rating from Jefferies Group, but its price target has been set at $44, after reducing its EPS outlook. Halliburton Company had reported its latest Earnings per Share at $3.19. The stock has traded in the range of $26.28 and $40.43 in the past 52 weeks and commands the Price Earnings ratio of 10.44. Halliburton Company has market capitalization of $30.96 billion. The stock is currently trading at $33.38.

Exxon Mobil Corporation (NYSE:XOM): One of the most prominent energy companies, Exxon Mobil also seems to be under pressure from the slide in oil prices. The stock is currently trading at $91.57, 0.16 percent down. It has traded in the range of $72.21 and $92.57 in the past 52 weeks. The stock touched its highest price point for the current trading session at $91.72 while its lowest price point stood at $91.19. The company currently commands market capitalization of $422.91 billion and its stock is trading at Price Earnings ratio of 9.64. Exxon Mobil had reported its latest Earnings per Share at $9.49. Macquarie has reiterated its Outperform rating for the stock and has set the price target for Exxon Mobil at $97.

Schlumberger Limited (NYSE:SLB): This oil service company stock is trading at $71.42, down 1.16 percent from its previous close of $72.26. The stock has received reaffirmation from FBR Capital and the stock has been termed as Outperform. FBR Capital raised the price target for the stock to $92, up from previous target of $85. The stock has traded in the range of $71.10 and $72.50 in the current trading session and in the previous 52 weeks, and it has oscillated in the range of $58.25 and $80.78. Schlumberger Limited commands the market capitalization of $95.03 billion and the stock has Price Earnings ratio of 17.78. The company had reported its latest Earnings per Share at $4.03. The stock is currently trading below its short term EMA and long term EMA of $71.56 and $71.57 respectively.

Occidental Petroleum Corporation (NYSE:OXY): The company reported that it would be announcing its 3^rd quarter results on October 25. The stock is trading at $83.99, down 1.36 percent from its previous close of $85.15. Occidental Petroleum saw its stock oscillating between $83.93 and $85.25 in the current trading session and it has traded in the range of $74 and $106.68 in the past 52 weeks. Occidental Petroleum received Outperform rating from Macquarie and its price target has been set at $137. The company currently has market capitalization of $68.03 billion and its stock is trading at the Price Earnings ratio of 10.85.

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