COP - ConocoPhillips

NYSE - NYSE Delayed Price. Currency in USD
64.70
-1.75 (-2.63%)
At close: 4:01PM EDT
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Previous Close66.45
Open67.00
Bid64.56 x 2900
Ask64.98 x 1100
Day's Range64.69 - 67.00
52 Week Range56.75 - 80.24
Volume7,115,388
Avg. Volume6,808,537
Market Cap73.224B
Beta (3Y Monthly)0.70
PE Ratio (TTM)12.16
EPS (TTM)5.32
Earnings DateApr 30, 2019
Forward Dividend & Yield1.22 (1.83%)
Ex-Dividend Date2019-02-08
1y Target Est79.00
Trade prices are not sourced from all markets
  • Why Dead Oil Stocks Are Rising From the Grave
    InvestorPlace18 hours ago

    Why Dead Oil Stocks Are Rising From the Grave

    I am not a fan of this administration, but its recent efforts to force Iran and Venezuela out of the oil markets are having an effect: It's bringing some dead oil stocks back to life.Source: Shutterstock The big winners are domestic producers that, as in the Princess Bride, weren't all dead … just mostly dead. These are companies like Extraction Oil & Gas (NYSE:XOG) and Devon Energy (NYSE:DVN).What they have in common are steady production and balance sheets that let them put their new gains into something other than paying back old debt. If they can buy their own stock instead, it can float upward and that gives them a currency with which to do new deals.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Speculators WinThis has been a play for speculators, not investors, because if you were buying and holding these stocks over the last year or two, you're wondering what the excitement is about.Take Extraction Oil as an example. This stock is up 30% since the start of the year. Much of that gain has been achieved in just the last week, before April 23, as the price of West Texas Intermediate (WTI), the primary U.S. grade, has gone from $60 per barrel to $65. * 10 Oversold Stocks to Run From Extraction has had been profitable since last spring, but its balance sheet still shows $1.4 billion in debt, against a market cap of $946 million, when the stock opened for trade April 23. Over the last year, it is down 60%. It's only this month that it has started to pay off.Devon is in much better financial shape. It remained profitable during the worst of the oil bust, which started in 2014, reporting 2018 net income of $1.14 billion. The balance sheet shows debts of just $5.8 billion on a market cap of $15.4 billion.Yet if you have been in this name for a year, you have just broken even, and over two years, the return is a negative 10%. The dividend, currently at 9 cents per share, a yield of 1.14%, doesn't make up that loss. What you needed to do was time your trade to the start of the year. If you bought early in January, you have a gain of over 50% in Devon.This is a game for traders and speculators, not investors.What the small fry hope for is a bailout, from a major oil stocks player like Chevron (NYSE:CVX).Chevron recently announced it will buy Anadarko Petroleum (NYSE:APC) for $33 billion. Or try Conoco Philips (NYSE:COP), which has sold assets to firm up its balance sheet. It could now buy back stock or a smaller domestic producer. Analysts are pounding the table for these stocks.But what they're pushing are sellers, not buyers. Conoco Philips has been a net seller of assets. Anadarko is trading above the Chevron bid because Occidental Petroleum (NYSE:OXY) may still launch a hostile bid for the company.In any case, what analysts are praying for is consolidation. Fewer players, more concentrated in the Permian, could become "swing producers" that can hold prices steady, and increase production when the market is tight, limiting it when the market is glutted. The Bottom Line on Oil StocksIran is going to come back online. Venezuela is going to come back online. Huge new pools of oil, like the one Exxon Mobil (NYSE:XOM) has found off Guyana, are going to come online.Production will rise, and demand will fall, because there are now alternatives to oil in the market. Efficiency, technology, and renewable energy are still the market drivers. The Permian "control" of the market has a sell-by date, and you don't want to be long when it comes.Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Oversold Stocks to Run From * 7 Red-Hot E-Commerce Stocks to Consider * 4 Stocks Surging on Earnings Surprises Compare Brokers The post Why Dead Oil Stocks Are Rising From the Grave appeared first on InvestorPlace.

  • ConocoPhillips (COP) to Report Q1 Earnings: What Lies Ahead?
    Zacks19 hours ago

    ConocoPhillips (COP) to Report Q1 Earnings: What Lies Ahead?

    ConocoPhillips' (COP) first-quarter earnings will likely get a boost from rising liquids production. However, lower oil prices may affect its results.

  • ConocoPhillips (COP) Awards EPCI Contract to TechnipFMC
    Zacks20 hours ago

    ConocoPhillips (COP) Awards EPCI Contract to TechnipFMC

    ConocoPhillips' (COP) contract includes the delivery and installation of a subsea production system as well as the installation of umbilical, rigid flowlines and related subsea equipment.

  • Can Juniper (JNPR) Keep Earnings Beat Streak Alive in Q1?
    Zacksyesterday

    Can Juniper (JNPR) Keep Earnings Beat Streak Alive in Q1?

    Juniper (JNPR) is likely to report lower y-o-y revenues in the first quarter due to challenges within the cloud vertical and risks related to the partial U.S. federal government shutdown.

  • Sony (SNE) to Report Q4 Earnings: What's in the Offing?
    Zacks2 days ago

    Sony (SNE) to Report Q4 Earnings: What's in the Offing?

    Sony (SNE) is likely to report lower-than-expected sales in Financial Services, Semiconductors, Mobile Communications, and Imaging Products & Solutions segment in the fiscal fourth quarter.

  • Motley Fool2 days ago

    3 Oil Company Earnings You Won't Want to Miss This Quarter

    A quick look at three oil companies to watch this earnings season.

  • Hess (HES) to Report Q1 Earnings: What's in the Offing?
    Zacks2 days ago

    Hess (HES) to Report Q1 Earnings: What's in the Offing?

    Hess' (HES) first-quarter results will likely get a boost from rising production. However, lower worldwide average selling prices are concerning.

  • Shell to Vend SASREF Refinery for $631M to Boost Portfolio
    Zacks2 days ago

    Shell to Vend SASREF Refinery for $631M to Boost Portfolio

    Shell's (RDS.A) decision to offload stakes in SASREF refinery is part of its divestment drive in a bid to streamline its portfolio and slash debt.

  • Will Upstream Segment Boost Chevron's (CVX) Q1 Earnings?
    Zacks2 days ago

    Will Upstream Segment Boost Chevron's (CVX) Q1 Earnings?

    While pricing and output gains are likely to fuel Chevron's (CVX) upstream unit in Q1, the downstream segment is expected to feel the heat of weak margins.

  • Earnings Preview: ConocoPhillips (COP) Q1 Earnings Expected to Decline
    Zacks2 days ago

    Earnings Preview: ConocoPhillips (COP) Q1 Earnings Expected to Decline

    ConocoPhillips (COP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Oil & Gas Stock Roundup: Schlumberger & Halliburton's Q1, ConocoPhillips' Asset Sale
    Zacks2 days ago

    Oil & Gas Stock Roundup: Schlumberger & Halliburton's Q1, ConocoPhillips' Asset Sale

    While the North America business environment remains challenging, both Schlumberger (SLB) and Halliburton (HAL) expect international drilling activity to continue with the broad-based recovery.

  • Oil Hits 6-Month Peak on End to Iran Sanction Waivers: 5 Picks
    Zacks2 days ago

    Oil Hits 6-Month Peak on End to Iran Sanction Waivers: 5 Picks

    The Trump administration's decision to end sanction waivers is likely to boost oil prices significantly in the near term.

  • US Crude Oil Is Heading for a New High
    Market Realist2 days ago

    US Crude Oil Is Heading for a New High

    US Crude Oil Is Heading for a New HighUS crude oilOn April 22, US crude oil prices rose 2.3% and settled at $65.55 per barrel—the highest closing level for active US crude oil futures since October 31, 2018. On April 22, the US announced that the

  • Energy Stocks Reacted to the Brent-WTI Spread
    Market Realist2 days ago

    Energy Stocks Reacted to the Brent-WTI Spread

    What Might Impact US Oil Exports in the Coming Days?(Continued from Prior Part)Brent-WTI spread and US upstream companiesThe widening gap between Brent and WTI crude oil prices could benefit US crude oil exporters. Any rise in the spread could help

  • Reuters2 days ago

    TechnipFMC wins major contract for ConocoPhillips TOR II development

    TechnipFMC : * Awarded a Significant Integrated EPCI Contract for the ConocoPhillips TOR II Development * For TechnipFMC, a “significant” contract ranges between $75 million and $250 million.

  • Why Apache’s Earnings May Halve in Q1 2019
    Market Realist3 days ago

    Why Apache’s Earnings May Halve in Q1 2019

    Why Apache’s Earnings May Halve in Q1 2019Apache’s earningsApache (APA) is set to announce its first-quarter results on May 1. Analysts expect its adjusted EPS to fall ~52% sequentially in the quarter. Meanwhile, they

  • Key Factors to Impact Helmerich & Payne's (HP) Q2 Earnings
    Zacks3 days ago

    Key Factors to Impact Helmerich & Payne's (HP) Q2 Earnings

    In fiscal Q2, slowdown in domestic onshore drilling activity could impact Helmerich & Payne's (HP) largest segment - U.S. Land.

  • What's in Store for National Oilwell's (NOV) Q1 Earnings?
    Zacks3 days ago

    What's in Store for National Oilwell's (NOV) Q1 Earnings?

    Capital discipline undertaken by various energy explorers is likely to affect the performance of National Oilwell (NOV).

  • What's in the Cards for Valero Energy (VLO) in Q1 Earnings?
    Zacks3 days ago

    What's in the Cards for Valero Energy (VLO) in Q1 Earnings?

    Significant recovery in oil price through the March quarter of 2019 may hurt Valero Energy's (VLO) refining business.

  • Is a Beat Likely for TechnipFMC (FTI) This Earnings Season?
    Zacks3 days ago

    Is a Beat Likely for TechnipFMC (FTI) This Earnings Season?

    Ramped-up upstream activities and increasing inbound orders amid crude uptick in the first quarter of 2019 bode well for TechnipFMC (FTI).

  • ConocoPhillips Agrees to Divest North Sea Resources for $2.7B
    Zacks3 days ago

    ConocoPhillips Agrees to Divest North Sea Resources for $2.7B

    ConocoPhillips (COP) plans to allocate capital to resources where cost of operations will be considerably lower, making operations more efficient.

  • Oil Prices: Mixed Signals From the Oil Market Are Heightening Uncertainty
    Motley Fool5 days ago

    Oil Prices: Mixed Signals From the Oil Market Are Heightening Uncertainty

    Crude's next move is anyone's guess.

  • Are Investors Undervaluing ConocoPhillips (NYSE:COP) By 24%?
    Simply Wall St.6 days ago

    Are Investors Undervaluing ConocoPhillips (NYSE:COP) By 24%?

    How far off is ConocoPhillips (NYSE:COP) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by projecting its future cash flows and then discounting them to today...

  • This Oil Stock Gives Investors 1 More Great Reason to Buy
    Motley Fool6 days ago

    This Oil Stock Gives Investors 1 More Great Reason to Buy

    In one move, the oil giant reduces costs and brings in more cash, which enhances its already excellent financial position.

  • Conoco sells UK North Sea oil assets to Chrysaor for $2.7 billion
    Reuters7 days ago

    Conoco sells UK North Sea oil assets to Chrysaor for $2.7 billion

    U.S. energy group ConocoPhillips has agreed to sell its oil and gas assets in the British North Sea to private equity-backed Chrysaor for $2.68 billion (£2.06 billion), Conoco said on Thursday, making Chrysaor the biggest producer in the region this year. Reuters had reported on Wednesday that Chrysaor and Conoco were close to sealing the deal, citing sources close to the process who put the value of the assets at up to $2.8 billion. The North Sea has undergone a major transformation in recent years, as long-standing producers have sold assets to smaller players such as Chrysaor who say they can squeeze more money out of fields due to their nimbler operations.