Barclays on U.S. Integrated Oil Stocks: Revising EPS Estimates on Updated Macroeconomic Assumptions
Tweet Send to a FriendGet Alerts CVX Hot Sheet
Price: $120.50 -0.84%
Rating Summary:
9 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
9 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade CVX Now!
Barclays on U.S. Integrated Oil Stocks: Revising EPS on Updated Macroeconomic Assumptions
Analyst, Paul Y. Cheng, said, "We have adjusted our commodity price deck and margin assumptions for 2012 reflecting the 1Q12 quarter-to-date market conditions. Thus far, we have seen stronger than expected crude prices while gas prices have been weaker than expected."
Cheng boosts 2012 WTI price assumption from $94.25 to $98.25 and raises Brent price assumption from $103.75 to $108.75.
On individual companies, Barclays raises estimates on:
Chevron (NYSE: CVX)(OW, PT $133): FY12 from $11.75 to $12.35 and FY13 from $11.40 to $11.65.
ConocoPhilips (NYSE: COP)(EW, PT $85): FY12 EPS from $7.70 to $7.90.
Hess Corp (NYSE: HES)(OW, PT $90): FY12 EPS from $5.90 to $6.60 and FY13 from $5.95 to $6.35.
Murphy Oil (NYSE: MUR)(OW, PT $77): FY12 EPS from $5.90 to $6.15.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Paul Y. Cheng, said, "We have adjusted our commodity price deck and margin assumptions for 2012 reflecting the 1Q12 quarter-to-date market conditions. Thus far, we have seen stronger than expected crude prices while gas prices have been weaker than expected."
Cheng boosts 2012 WTI price assumption from $94.25 to $98.25 and raises Brent price assumption from $103.75 to $108.75.
On individual companies, Barclays raises estimates on:
Chevron (NYSE: CVX)(OW, PT $133): FY12 from $11.75 to $12.35 and FY13 from $11.40 to $11.65.
ConocoPhilips (NYSE: COP)(EW, PT $85): FY12 EPS from $7.70 to $7.90.
Hess Corp (NYSE: HES)(OW, PT $90): FY12 EPS from $5.90 to $6.60 and FY13 from $5.95 to $6.35.
Murphy Oil (NYSE: MUR)(OW, PT $77): FY12 EPS from $5.90 to $6.15.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Morgan Stanley Maintains Bullish Stance on Walter Energy (WLT)
- Wells Fargo Starts CorEnergy Infrastructure Trust (CORR) at Outperform
- UPDATE: Crude Inventory Gains 313K Barrels vs 500K Decline Expected
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Barclays, Crude Oil
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
