62.20 +0.10 (0.16%)
Pre-Market: 7:15AM EDT
|Bid||61.61 x 1200|
|Ask||63.50 x 800|
|Day's Range||61.82 - 62.57|
|52 Week Range||56.75 - 80.24|
|Beta (3Y Monthly)||0.66|
|PE Ratio (TTM)||10.06|
|Earnings Date||Jul 24, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||1.22 (1.93%)|
|1y Target Est||79.82|
Crude inventories jumped by 5.4 million barrels in the week to May 10, compared with analyst expectations for a decrease of 1.4 million barrels, the EIA said in its report.
Today we'll evaluate ConocoPhillips (NYSE:COP) to determine whether it could have potential as an investment idea...
ConocoPhillips' (COP) strong operations and tradition of returning cash to its shareholders make it an attractive investment opportunity right now.
WASHINGTON/CARACAS, May 15 (Reuters) - The U.S. Department of Transportation on Wednesday ordered the suspension of all commercial passenger and cargo flights between the United States and Venezuela, citing reports of unrest and violence around airports in the South American country. Many international airlines had stopped flying to Venezuela anyway because of security concerns and disputes over money they say the government owes them. Some Venezuelans also expressed concern about the impact of the ban on people receiving food and other provisions via cargo planes from relatives abroad to help them weather a humanitarian crisis.
ConocoPhillips (COP) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
ConocoPhillips Chief Executive Officer Ryan Lance on Tuesday repeated a pledge to restrain spending, saying the U.S. oil producer would not be drawn into pricey mergers and acquisitions. ConocoPhillips plans to keep its capital spending at around $6 billion this year, Lance told shareholders at the company's annual meeting. ConocoPhillips has won billions of dollars in arbitration awards over the expropriation of its assets in Venezuela and posted a first-quarter profit that topped estimates.
Dow Jones and US Stocks Fell on Escalating US-China Trade War(Continued from Prior Part)Oil prices fellOil prices tumbled on Monday after the Chinese government announced it would impose tariffs on US imported goods worth $60 billion starting June
The London Metal Exchange (LME) has appointed Standard Chartered and ConocoPhillips board member Gay Huey Evans as its new chairwoman, the first in its 142-year history. Evans, who is also on the board of Itau BBA International and has previously worked at Citi, Barclays Capital and the UK's Financial Services Authority, will replace Sir Brian Bender in December.
Why the United States Imports Oil(Continued from Prior Part)US oil tradeDespite being the largest oil producer in the world, the United States imports oil to meet its energy needs. In 2018, the US exported ~2.8 billion barrels of crude oil and
Is ConocoPhillips Entering the 'Best Buy' Zone?ConocoPhillipsOn May 8, ConocoPhillips’ share prices were ~1.9% above their lowest intra-day level in 2019. On May 7, the share prices closed at $61—the lowest closing level in
Against the backdrop of a political and humanitarian crises in Venezuela, many creditors have lost hope of getting paid back. In fact, those holding roughly $10bn worth of debt issued by both the government, and state-owned oil company PDVSA, haven't seen a payment for years now. Venezuela is paying out those it simply can't afford not to.
European oil majors Royal Dutch Shell (RDS.A) and BP plc (BP), as well as energy explorer ConocoPhillips (COP) reported better-than-expected first-quarter earnings.
Occidental Petroleum's (OXY) Q1 earnings and revenues surpass estimates, and production continues to rise, courtesy of solid contribution from Permian Resource assets.
ConocoPhillips NYSE:COPView full report here! Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for COP with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting COP. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $2.87 billion over the last one-month into ETFs that hold COP are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. COP credit default swap spreads are within the middle of their range for the last three years.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
ConocoPhillips (NYSE:COP) fell in Wednesday and Thursday trading despite beating earnings and revenue estimates. The Houston-based oil producer beat estimates on production levels and plans to cap capital expenditures. Despite a partial recovery in Friday trading, COP stock still sells below pre-announcement levels.Source: Shutterstock However, investors may want to take a second look at this oil stock. Over time, a focused strategy, its reasonable valuation, and rising geopolitical tensions could lead to a turnaround for ConocoPhillips stock. COP Stock Fell Despite Beating on Earnings, RevenueConocoPhillips reported first-quarter earnings of $1.00 per share, just over 4% higher than the 96 cents per share the company earned in the same quarter last year. This also surpasses Wall Street estimates by 10 cents per share. The company beat on revenues as well, reporting $10.06 billion when analysts had predicted $9.16 billion. The company brought in $8.96 billion in the same quarter last year.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOn Wednesday, COP stock initially surged higher on the news, but it ended up falling on the day by over 0.7%. Many blame higher expenses, as the company has sought to increase production. These costs have weighed on ConocoPhillips stock for more than two months. * 7 Stocks Worth Buying When They're Down COP stock suffered last fall, as oil fell to lows of just over $42 per barrel. As oil recovered, COP rallied from its $56.75-per-share low. For a brief time in February, it surpassed $70 per share. COP trades at over $62 per share at the time of this writing.Recently, COP has expressed a goal to become profitable even if oil falls to the $40 per share range. As a result, it has put many of its non-core assets on the market. Last month, the company agreed to sell oil and gas assets in the British North Sea to Chrysaor for $2.7 billion.This transformation may have caused some concerns as the stock has sold off in recent weeks. Now, COP stock trades about 12% below the highs of mid-February. Peers such as Hess (NYSE:HES), Apache (NYSE:APA), and Marathon Oil (NYSE:MRO) saw similar declines. COP Stock Looks More Like a BuyConocoPhillips operates in the upstream, or exploration and production, segment of the oil industry. As such, it sees more volatility due to its sensitivity to oil prices. As mentioned earlier, the company is working to make itself profitable even when oil prices fall. For this reason, the recent drop may have created a buying opportunity. Thanks to the lower stock price, COP stock trades at at a price-to-earnings (PE) ratio of just 13.6.Moreover, geopolitical tensions have risen. Venezuela remains in limbo amid its economic crisis. Also, the Middle East has again become volatile as the U.S. begins a ban on Iranian oil. This has led to tensions between Saudi Arabia and Iran, as the Saudis increase production to fill the gap.Whatever happens between those two countries, it lessens the likelihood of low oil prices. While ConocoPhillips maintains some operations in Libya and Qatar, the firm operates primarily in more stable regions of the world. That places the firm in a position to produce oil even if the world becomes more dangerous. Final Thoughts on COP StockStrategy, valuation, and political issues in some parts of the world could finally turn COP stock around. ConocoPhillips stock fell despite beating estimates on both earnings and revenue. It has also slid in recent weeks, possibly on rising costs. * 10 Vice Stocks to Spice Up Your Portfolio However, ConocoPhillips has focused their strategy to prosper even when oil prices fall. Also, a low PE ratio and rising political tensions in some oil-producing countries could work in the company's favor. Such pressures could become the catalyst COP stock needs to finally resume its move higher.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Stocks to Buy for May * 7 Stocks Worth Buying When They're Down * 7 of the Best ETFs to Buy for a Slowing Economy Compare Brokers The post Buy ConocoPhillips Stock Following Its Beat on Earnings, Revenue appeared first on InvestorPlace.
To put it bluntly, this is a quarter that Exxon Mobil (NYSE:XOM) and its investors may want to forget about. It truly was a mess across a variety of metrics, operations, and overall profits/revenues. It certainly wasn't the Exxon of old or just a few quarters ago. Perhaps, what's troubling is that several rivals have managed to report better numbers and make some serious strategic moves. At the same time, longer-term investors may not want to count out XOM stock.Source: Mike Mozart via Flickr (Modified)The recent earnings-related dip in Exxon stock has made shares the cheapest they've been in years. Meanwhile, the integrated giant still offers plenty of ways to win organically and its hefty cash, treasury stock/credit lines make M&A very well possible.In the end, Exxon's poor earnings today could be a great chance to buy the stock for the longer term.InvestorPlace - Stock Market News, Stock Advice & Trading Tips What Went Wrong At ExxonExxon Mobil's problems began in its refining segment. Turning crude oil and natural gas into gasoline and other chemicals have been a real bright spot over the last decade or so, as these refining assets have been able to feast on the lower feedstock costs. Meanwhile demand -- thanks to a growing world economy -- has been steadily rising. This created amazing margins that helped cover-up some of the issues in the exploration segment. * 7 Stocks That Are Soaring This Earnings Season Unfortunately for Exxon, those margins and their benefits disappeared this quarter.Because of weakness in the refining segment, as well as poor price realizations for its production segment, XOM only managed to generate around $2.35 billion in profits. That's only about half of what the energy stock made in during the year-ago quarter and below analyst estimates. Likewise, revenue also took a huge hit, sinking 6.7% year-over-year. Both of these widely missed analyst expectations.To make matters potentially worse, Exxon had some trouble with its cash flows.For the quarter, XOM managed to pull in $8.3 billion in operating cash flow. Backing out expenses and other charges, free cash flow only hit $2.5 billion. That's nothing to sneeze at and most firms would be envious to realize that level of free cash flow. The only problem is that over the quarter, XOM stock holder distributions weren't covered with its free cash flow. That's not necessarily a path it wants to go down for very long.With all the negatives, it's no wonder why Exxon stock fell more than 2.2% on the news and has been drifting lower in the days since. Still Plenty Right For ExxonThere was plenty right with the quarter, as well. For one thing, Exxon is killing it on the production side of the equation. And that could be one of the biggest positives of all.Declining production was a huge problem for the major energy stocks in the early years of this decade. This included Exxon. However, XOM seems to have righted the ship, as evidenced in this latest quarter. Thanks to prolific low-cost shale production, Exxon oil production grew 5% year-over-year. That's big for an energy firm of this size. Much of that came from its 140% growth in the Permian Basin.The Permian is one of the most-expansive shale formations and features some of the best geology in the entire country. Exxon has about a 10 billion barrels worth of reserves in the region and currently has plans to expand its production to more than 1 million barrels per day by 2024. As the quarter showed, this oil still churns an operating portfolio at low prices, something that should come as a huge comfort for Exxon stock investors over the long haul.Secondly, despite its cash flow woes, Exxon still has one of the best balance sheets in the business. Today, long-term debt makes up just 9% of its capital structure. Meanwhile, the firm has nearly $225 billion in treasury stock on its balance sheet. Both of these factors make it easy for the firm to add additional debt or issue stock to fund expansion projects or even pay its dividend, something that rivals like ConocoPhillips (NYSE:COP) couldn't do when the oil market got tough -- sort of like it is now. * 7 Stocks to Buy That Ought to Buy Back Shares Speaking of that dividend, Exxon did make amends with investors for its "meh" quarter by hiking its payout by more than 6%. That kept the streak of 37 years' worth of dividend hikes alive. Bottom Line on Exxon StockSo, yes. Exxon had a bad quarter. But the reality is, the energy giant is able to get through the malaise just fine and in the longer term, it could do very well. Perhaps the best part is that XOM stock is trading at some of its best valuations in years.The firm has a had a banner year, but the recent dip has left it dirt cheap on a number of metrics. When looking at a forward P/E, XOM clocks in at just 14x. That's much lower than the broader market and many of its rivals. Meanwhile, looking at its book value, Exxon Mobil stock today trades at near 30-year lows. Speaking of 30-year periods, Exxon's dividend yield -- currently 4.33% -- hasn't been this high since the 1990s. All of this points to one heck of a deal for longer-term investors.While the quarter was an overall bust, the longer-term growth story at Exxon -- shale production and its ability to profit in low price environments -- is still very much alive. XOM stock investors now have the ability to score it at a huge discount.Disclosure: At the time of writing, Aaron Levitt did not have a position in any of the stocks mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Stocks to Buy for May * 7 Stocks Worth Buying When They're Down * 7 of the Best ETFs to Buy for a Slowing Economy Compare Brokers The post Recent Dip Poses Opportunity To Load-Up On Exxon Stock For The Long-Term appeared first on InvestorPlace.
U.S. energy production has transformed since technology has allowed exploration and production (E&P) firms -- aka, upstream oil firms -- to use unconventional drilling methods to access oil reserves that were previously unreachable, or far too expensive to access.Also, these new techniques have allowed firms to get more out of each well and even recover oil left in conventionally drilled wells.What's more, because natural gas is usually present in oil pockets, natural gas is wildly abundant and the supply is so great that in the matter of a handful of years, the US has transformed from a net importer of oil and natural gas, to one of the largest exporters on the planet.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe U.S. is No. 1 exporter of gasoline in the world. And by 2024, according to IEA, it's projected that if the U.S. keeps up its oil export growth, it will surpass Russia and Saudi Arabia as the world top oil exporter.And the Permian Basin in Texas is leading the way. * 10 Cheap Stocks to Buy Now Seven energy stocks to buy to light up your portfolio are featured below. Most are focused firms in one sector of the business; they're not the big diversified firms. This gives them even more growth potential. Energy Stocks to Buy: National Fuel Gas Co (NFG)Source: Shutterstock National Fuel Gas Co (NYSE:NFG) is a diversified natural gas company. It is not only an E&P firm, but also has storage, marketing and even utility operations.Generally you don't find a natural gas firm that does it all, unless you're looking at one of the big integrated energy firms. But NFG has been around since 1902, so it has had plenty of time to refine it business model. Most of its operations are in New York and Pennsylvania, where most of its customers are.It just reported Q1 earnings, which were in line with expectations. But the prospects for the sector are improving, and as more and more companies and consumers transition to natural gas from coal or oil (especially in NFG's service area) this will help boost demand. Also, as liquefied natural gas (LNG) export terminals start coming online, that will also boost business for NFG's various divisions.Its 2.9% dividend is a nice addition and its $5 billion market cap means it has a reliable business, come what may with the economy. CNOOC Ltd (CEO)Source: Shutterstock CNOOC Ltd (NYSE:CEO) is a Chinese E&P with operations all around the world.As China began to emerge as a world power, it began to expand its ability to sustain its growth. CEO was launched in 1999 and is now a major energy firm, with a nearly $80 billion market cap.Recently, its fortunes have been lackluster since the Chinese economy has been sputtering. But as recent economic numbers reveal, China's economy is recovering, and that means growing demand for energy.Also, as global demand ramps up, China will be one of the beneficiaries and that also equates to greater energy demand. Year to date the stock is up 15% and it delivers a 5%-plus dividend on top of that. * The 10 Best Stocks to Buy for May It recently signed a deal with the Russians to drill for and transport natural gas from a Russian site in the Arctic. And also formed a JV with PetroChina (NYSE:PTR) to drill in the South China Sea. Black Stone Minerals LP (BSM)Source: Shutterstock Black Stone Minerals LP (NYSE:BSM) is in the minerals and royalty business. This is kind of like a real estate investment trust (REIT) for energy and minerals.Basically BSM buys properties -- it has properties in over 40 states -- and then leases them to E&P firms to develop and takes a royalty for the minerals (including oil and gas) taken from the properties.This means it doesn't have to spend a lot of money on all the manpower and equipment to explore for the oil, it's merely a landlord. And it's set up as a limited partnership, so investors are also part of the ownership and get paid their share of net income as a dividend payment. Right now, that dividend is paying out more than 8%.As this energy boom heats up in the U.S., demand for quality properties that aren't already bid to the moon to explore will increase. Because BSM has been acquiring properties for quite a while, it's now enjoying the fruits of decades-long labor.This can be a cyclical industry, and right now, BSM's time is arriving. It's also a tempting acquisition for larger integrated energy firms. ConocoPhillips (COP)Source: Shutterstock ConocoPhillips (NYSE:COP) is the largest E&P company operating today. With operations all around the world, it has diversified its portfolio to take advantage of any inefficiencies in the market.The old saying "make hay while the sun shines" is especially appropriate for upstream firms today, as oil prices rise. This is their time, and it's no surprise that ConocoPhillips is looking to increase production 5% this year.A strong global economy means widespread demand increases for COP's customers.It recently reported Q1 earnings that beat expectations. Q4 was a stronger quarter for COP, but Q1 earnings this year still beat Q1 from last year, which is encouraging. Plus, energy prices are on the move so far in 2019, and that trend is likely to stay in place. Even if energy prices stay flat from here that will be good for COP. * 7 Stocks That Are Soaring This Earnings Season Its dividend comes in just under 2%, but with a $70 billion market cap, this is a blue-chip E&P that will deliver during an upcycle, but won't be a heart-stopping ride compared to smaller E&Ps. Chesapeake Energy (CHK)Source: Philadelphia 76ers Via FlickrChesapeake Energy (NYSE:CHK) was started by Tom Ward and the larger than life Aubrey McClendon. The latter also was part owner of the NBA's Oklahoma City Thunder, which he brought to his home city from Seattle.Chesapeake was founded when both owners were in their late 20s, and they were some of the first people to take on unconventional drilling at their fledgling E&P firm. And as an MLP in the heyday of MLPs, CHK stock was a high-flier.But those days transitioned into a much tougher energy market and structural issues regarding MLPs and CHK business operations in general. When McClendon unexpectedly died in 2016, it also marked a slow decline in CHK stock's fortunes.But the company has endured and is now at bargain prices as oil and natural gas prices continue to rise. The stock is up 32% year to date. And given the consolidation in the upstream sector, this is a potential takeover candidate at this point. Berry Petroleum (BRY)Source: Shutterstock Berry Petroleum (NYSE:BRY) is a unique E&P firm in the sense that it primarily focuses its efforts in California and Utah. While there's plenty of talk about the shales in Texas, Montana and the Appalachians, Berry has the West.But there is a lot of oil and natural gas in California. It's just that the state has been more regulated about extraction techniques and that has made it tough to drill freely.Recent legislation has passed to alleviate some of the regulatory hurdles, and that has been to the great benefit of BRY. The stock is up nearly 32% in the past year, which shows that it has been a strong grower, even when prices collapsed at the end of 2018. * 7 Stocks to Buy That Ought to Buy Back Shares Now, it's a much brighter picture and this would surely be a great acquisition at a premium. It will also continue to succeed on its own as well. And the 4.3% dividend is also a nice kicker. Cabot Oil & Gas (COG)Cabot Oil & Gas (NYSE:COG) an E&P firm that primarily focuses on the Marcellus Shale that runs from New York to Tennessee. COG concentrates most of its efforts in Pennsylvania.This is one of the most productive shales in the U.S., but its geography is a bit more challenging than the shales in west Texas like the Permian Basin. But that being said, there is plenty of opportunity and COG stock is taking full advantage.The stock has a slim 1.4% dividend, but the real opportunity here is rising energy prices and a decent sized company that is leverage to that price growth. Add to that the consolidation in the E&P sector right now and you have a good stock priced very well for the growth that is coming over the next quarters.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Stocks to Buy for May * 7 Stocks Worth Buying When They're Down * 7 of the Best ETFs to Buy for a Slowing Economy Compare Brokers The post 7 Energy Stocks to Buy to Light Up Your Portfolio appeared first on InvestorPlace.