|Bid||0.00 x 1400|
|Ask||0.00 x 1200|
|Day's Range||28.55 - 29.81|
|52 Week Range||20.84 - 67.13|
|Beta (5Y Monthly)||1.68|
|PE Ratio (TTM)||13.74|
|Earnings Date||Oct 29, 2020|
|Forward Dividend & Yield||1.72 (5.68%)|
|Ex-Dividend Date||Oct 16, 2020|
|1y Target Est||47.14|
Shares of ConocoPhillips (NYSE: COP) had fallen more than 5% by 10:45 a.m. EDT on Wednesday. Weighing on the oil stock were plunging crude oil prices and earnings at its acquisition target Concho Resources (NYSE: CXO), whose stock also fell by more than 5% in early morning trading. On Wednesday, oil prices sold off, with the U.S. oil benchmark WTI sinking almost 5% to less than $38 per barrel.
Given the dull year-over-year backdrop, four energy players - Cabot (COG), Devon Energy (DVN), ConocoPhillips (COP) and New Fortress Energy (NFE) - are set to report their third-quarter results on Oct 29.
The past decade has been miserable for oil and gas stocks. They have trailed the broader market consistently despite leading an energy renaissance in the U.S.