|Bid||0.00 x 1000|
|Ask||0.00 x 1000|
|Day's Range||71.35 - 72.57|
|52 Week Range||42.27 - 72.57|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 26, 2018|
|Forward Dividend & Yield||1.14 (1.61%)|
|1y Target Est||77.73|
President Trump’s protectionist agenda and the resultant trade war fears started weighing on large-cap stocks. Trade War Fear Seems Oversold, Time to Look at Better Data Points? Investors should note that after a nagging four-month trade war talks, investors seem to be ignoring the reality in July.
In Q2 2018, analysts expect Encana’s (ECA) revenue to rise ~10% YoY (year-over-year) to ~$1.19 billion from ~$1.08 billion, but fall ~11% sequentially from ~$1.31 billion. The YoY rise is expected due to Encana’s production being expected to increase and higher crude oil prices.
For the April to June quarter of 2018, Energy will likely generate $19.5 billion in earnings, significantly higher than the recorded profit in each of the prior four quarters.
Steep decline in imports, partly due to an outage at Syncrude facility in Canada, led to the massive stockpile draw with the world's biggest oil consumer.
“These transactions are significant for ConocoPhillips because they continue our strategy of coring up our legacy asset base in Alaska, while retaining an interest in the Clair Field in the U.K.”
Venezuela saw its production plunge by another 47,000 barrels per day and, while the head of its national oil company has attempted to manipulate that figure, there is no end in sight for this production crisis
At the same time, the company's board has approved an additional $9 billion to its overall buyback authorization, increasing it to $15 billion. The energy giant said it has paid down $2.1 billion of debt in the second quarter, and has achieved its $15 billion target "significantly" earlier than its original target date of year-end 2019.
ConocoPhillips (COP) today announced a 50 percent increase in its planned 2018 share repurchase program, from $2 billion to $3 billion. The company expects to fully fund this year’s $3 billion program, as well as its dividend and capital expenditures, with cash from operations. The 2018 expansion to $3 billion, combined with the $3 billion of shares repurchased during 2016 and 2017, will fully utilize the board of directors’ existing share repurchase authorization of $6 billion.
By 2019, the United States is set to become the leading crude oil producer in the world, and as oil soars to new heights, some companies are leveraging technology to move ahead of the pack
ConocoPhillips (COP) today announced a quarterly dividend of 28.5 cents per share, payable Sept. 4, 2018, to stockholders of record at the close of business on July 23, 2018. ConocoPhillips is the world’s largest independent E&P company based on production and proved reserves. Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 17 countries, $71 billion of total assets, and approximately 11,200 employees as of March 31, 2018.
ConocoPhillips (COP) today announced that its board of directors has elected Mr. Jeffrey A. Joerres to serve as a board member. Mr. Joerres served as chief executive officer of ManpowerGroup Inc. from 1999 to 2014, as chairman of the board from 2001 to 2014, and as executive chairman from May 2014 to December 2015. Mr. Joerres joined ManpowerGroup in 1993 and served as vice president of Marketing and senior vice president of European Operations and Marketing and Major Account Development.
Zacks Industry Outlook Highlights: ConocoPhillips, Marathon Oil, Occidental Petroleum and Hess
Supply-side constraints are likely to extend gains in oil prices irrespective of trade war fears. This call for bets on top-ranked energy stocks.
Enbridge (ENB) is getting rid of assets in order to pare debt, while Chevron (CVX) is set to put a number of its oil and gas fields in Britain's North Sea for sale.
As of July 6, Reuters reported 23 analysts with recommendations on COP. Of them, ~22% have “strong buy” and ~48% have “buy” recommendations while the remaining ~30% have “hold” recommendations on COP. There’s no “sell” or “strong sell” recommendation on the stock.
Analysts look for a strong Q2 earnings season, after solid jobs data spur a welcome shift in market narrative. Total earnings are estimated to improve 19% from the same period last year on 8.2% higher revenues.
As of June 15, ConocoPhillips’s (COP) total shares shorted (or short interest) stood at ~17.34 million, whereas its average daily volume is ~7.39 million. This means the short interest ratio for COP’s stock is ~2.40x. In October 2017, the short interest ratio for COP’s stock hit a 52-week high of 5.59x. ConocoPhillips’ short interest ratio has a 52-week low of 2.39x, which it hit in April. Here ConocoPhillips stock’s average daily volume is calculated for the short interest reporting period from June 1 to June 15.
As of July 6, ConocoPhillips (COP) had an implied volatility of ~26.4%, which is almost the same as its implied volatility on June 29.
Co. asked a New York federal court on Friday to seize control of billions of dollars in legal claims asserted by Venezuela’s indebted state oil company against foreign oil traders. Houston-based ConocoPhillips sued a legal trust created to bring multibillion-dollar commercial tort claims on behalf of Petroleós de Venezuela SA, or PdVSA, surrounding an alleged corruption scheme involving dozens of oil trading companies, banks and individuals. PdVSA set up the trust as a vehicle for prosecuting those claims, earmarking 66% of the potential proceeds for New York law firms that agreed to front legal costs.
For Q2, the energy sector is expected to report 23.8 percent year-over-year revenue growth and 142.5 percent earnings growth, according to FactSet. While geopolitical tensions typically don’t bode well for the broader market, the energy sector is one area where companies could benefit, as oil prices get pushed higher from shifting supply and demand.
For the week ending July 6, crude oil (USO) prices decreased from $74.15 per barrel to $73.80 per barrel, a moderate decrease of ~0.5%. Most of the decline in crude oil prices came on July 5, when they declined by almost 2%. However, on July 6, crude oil managed a comeback and recovered most of the losses for the week. On July 6, crude oil prices formed an upward reversal candle on the daily chart, which indicates a higher probability of higher prices in subsequent sessions.