COP - ConocoPhillips

NYSE - Nasdaq Real Time Price. Currency in USD
+0.32 (+0.75%)
As of 10:13AM EDT. Market open.
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
Previous Close42.18
Bid42.42 x 800
Ask42.47 x 900
Day's Range41.64 - 42.63
52 Week Range20.84 - 67.13
Avg. Volume11,792,861
Market Cap45.575B
Beta (5Y Monthly)1.71
PE Ratio (TTM)13.00
EPS (TTM)3.27
Earnings DateJul 28, 2020 - Aug 03, 2020
Forward Dividend & Yield1.68 (3.98%)
Ex-Dividend DateMay 08, 2020
1y Target Est48.13
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
-19% Est. Return
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    Business Wire

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    ConocoPhillips (NYSE: COP) today announced the completion of the sale of its subsidiaries that hold its Australia-West assets and operations to Santos. The total consideration for the sale is unchanged; however, in connection with the closing, ConocoPhillips and Santos agreed to restructure the payments such that $125 million of the originally announced $1.39 billion upfront cash payment would be allocated toward a payment due upon final investment decision of the proposed Barossa development project. This brings the total due to ConocoPhillips upon a final investment decision to $200 million.

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  • Despite Challenges, Consider BP Stock a Bottom-Fisher’s Buy

    Despite Challenges, Consider BP Stock a Bottom-Fisher’s Buy

    After last month's collapse, oil prices have bounced back. Will BP (NYSE:BP) stock see an additional boost? The oil giant's shares have moved higher from their March sell-off lows. Rising from $15.51 per share to $23.62 per share, BP stock got a more than 50% gain in two months.Source: TK Kurikawa / Yet, other integrated names have performed even better during this timeframe. Take Chevron (NYSE:CVX), for instance. CVX shares are up about 80% from their 52-week lows. ConocoPhillips (NYSE:COP)? Their shares have doubled since their March lows.So, what's the issue here? More like two issues. With investors anticipating a dividend cut and the company shouldering a massive debt load, there are plenty of reasons for concern.InvestorPlace - Stock Market News, Stock Advice & Trading TipsDespite these overhangs, today's prices may be a solid entry point for BP stock. Sure, risks remain. However, energy prices continue to bounce back. With the novel coronavirus soon in the rearview mirror, "return to normal" will finally happen. With these factors in mind, there's plenty of potential for shares to move higher. Why the Rebound Has Only Just Started For BP StockOil may no longer be trading at negative prices, but it's still substantially lower than where it was just a few months prior. At the start of 2020, crude oil was trading above $60 a barrel. Today? Around $34 a barrel. * 7 Excellent Penny Stocks Ready to Roar Besides beaten-down prices, things are moving in the right direction. The coronavirus took its toll. With much of the world's economic activity brought to a halt, it's no surprise demand for petroleum collapsed.Yet, with the pandemic slowly ending, expect energy prices to continue bouncing back. Granted, experts like the EIA (Energy Information Administration) don't see prices heading above $50 per barrel until the end of 2021.However, BP is taking active steps to improve its cash flow situation while oil lingers at lower-than-normal prices. By slashing costs, the company expects its breakeven oil price to fall from $56 a barrel in 2019 to just $35 a barrel in 2021.Granted, this implies continued profitability challenges this year. But with Wall Street taking a forward-looking approach, shares could continue to climb in tandem with oil prices, as investors anticipate a rebound in net income and cash flow.In short, shares look appealing as a bottom-fisher's buy. There are some risks to keep in mind before you put in a buy order. Is the Dividend Safe?A dividend cut seems to be the other shoe that's yet to drop. As InvestorPlace's Tom Taulli wrote May 18, the company's current cash flows can't cover the dividend. In short, shares now have a seemingly high yield of 10.7%, but that's only because investors expect a cut sometime soon.Is their validity to these fears? Peers like Royal Dutch Shell (NYSE:RDS.B, NYSE:RDS.A) have already slashed their dividends. And analysts like Morgan Stanley's Martijn Rats think BP is the next one to announce a cut. He sees the company reducing its dividend by half in order to avoid taking on additional debt.Speaking of debt, that's the other issue at hand with this company. Taulli touched on this in his write-up, stating that the company's outstanding debt continues to climb. Coupled with reduced cash flow, this could mean a serious liquidity situation.Or does it? Based on a market update from back in April, the company detailed their liquidity situation, and their game plan to ride out today's storms. As of March 31, BP had $32 billion in cash and available credit lines.To combat sharp declines in cash flow, the company announced a 25% cut to capital expenditures. They also plan billions in cost-cutting across their upstream (exploration) and downstream (refining/marketing) business units. Pending asset sales could also free up additional capital.The situation at BP is far from perfect, yet these aforementioned risks are likely accounted for in today's valuation. When the other shoes does drop, don't expect shares to fall much further from here. Risks Remain, But BP Could Move HigherThings turn on a dime in the oil patch. Whether it be Middle East conflict, trade wars, or pandemics, it's tough to "predict the unpredictable" with energy prices. With today's crisis slowly dissipating, it's fair to assume a bounce back in demand is just around the corner. In short, plenty of reason for oil prices to continue trending higher.Although the company has a lot on its plate regarding debt and an unsustainable dividend, investors have largely priced these risks into the current share price. If and when the dividend gets a haircut, don't expect shares to sell off further.In short, with the potential for shares to rally in tandem with rising oil prices, consider BP stock a buy.Thomas Niel, contributor to InvestorPlace, has written single-stock analysis since 2016. As of this writing, Thomas Niel did not hold a position in any of the aforementioned securities. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * America's Richest ZIP Code Holds Shocking Secret * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post Despite Challenges, Consider BP Stock a Bottom-Fisher's Buy appeared first on InvestorPlace.

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    Business Wire

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    In recent weeks, the coronavirus conversation has shifted. We’re starting to talk about the great reopening, the restart of the economy after months of enforced shutdowns. The practical effects will be played out in the various states, as some stay in lockdown while others move, in a range of ways, to restart the business of living.The results will inform the national debate, whether we’ll see the grim path of a prolonged recession, the rosy case of a V-shaped recovery, or something in between. But a full recovery is for the long-term; closer in, the risks are greater. Writing on the markets for Goldman Sachs, chief US equity strategist David Kostin says, "Basically, all of the good and optimistic outlook is basically priced into the market today. So where the market’s trading now, I would say the asymmetry of upside [is] perhaps 2%, the downside maybe 15%.”Referring to the risks, Kostin writes, “A single catalyst may not spark a pullback, but a number of concerns and risks exist that we believe… investors are downplaying.” Among the risks Kostin delineates for investors are a possible 15% unemployment rate, companies slashing dividends in the second half of the year, an uneven and dragged-out economic recovery, and the uncertainties of the November Presidential election.So, coming from this background, it’s significant that the stock analysts at Goldman Sacks are finding bullish calls. Using a more selective, risk-averse approach, fitting for their firm’s general stance, they’ve found a series of compelling Buys in today’s markets. 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Additionally, Axalta expects Refinish customers to get out in front of the demand recovery following the lift of stay-at-home orders, which could drive a restocking-driven demand surge off of currently low inventory levels.”In line with his upbeat outlook here, Koort has upgraded AXTA stock from Neutral to Buy. His $25 price target implies a 12-month upside potential of 19%. (To watch Koort’s track record, click here)AXTA shares get a Strong Buy from the analyst consensus rating, based on not fewer than 12 Buy ratings outweighing 4 Holds. Shares are priced low at $19.20, while the $22.38 average price target suggests a modest 6.5% premium in the coming year. (See Axalta stock analysis on TipRanks)ConocoPhillips (COP)The first stock on our list of Goldman Sacks recommendations is ConocoPhillips, a giant of the energy industry’s upstream (exploration and production) sector. COP, the world’s largest upstream hydrocarbon company, boasting a $47 billion market cap, finished last year with $7.2 billion in net income, or $6.40 per share.The company beat earnings estimates in a difficult Q1 environment, despite a year-over-year decline. EPS came in at 45 cents, more than double the 21-cent forecast. Revenues were down heavily, at $4.8 billion, and missed the estimates by 26%. In revenues and share price performance, COP has underperformed the markets this year.In a point of great interest to income-minded investors, ConocoPhillips raised its dividend in Q4 and has maintained the new, higher payment. At 42 cents per share quarterly, the dividend annualizes to $1.68 and offers a yield of 4.11%, more than double the average dividend yield found among S&P-listed companies. The payout ratio, at 93%, is high, but indicates that COP’s dividend remains affordable even after the drop in earnings.Goldman Sachs analyst Neil Mehta believes that COP’s current low share price represents a buying opportunity. Mehta writes, “…we believe we are seeing micro/macro fundamentals bottoming and expect ConocoPhillips to be a strong participant in the upcoming oil price upcycle, given the level of underperformance relative to large cap US majors to date, as well as the company’s strong leverage to Brent.”"As investors filter through the Energy sector looking for quality companies on sale, we believe that ConocoPhillips is one that will be able to emerge from the downcycle with its financial position still showing resilience," Mehta added.Mehta’s $51 price target supports his Buy rating, and implies a 17% upside to the stock. (To watch Mehta’s track record, click here)In general, the rest of the Street is on the same page. 15 Buy ratings compared to 2 Holds assigned in the last three months give it a ‘Strong Buy’ analyst consensus. However, at the $46 average price target, shares could surge just 6% over the next twelve months. (See ConocoPhillips stock analysis on TipRanks)Canadian Natural (CNQ)Staying with the energy industry, we now take a look at Canadian Natural. This company is the largest landholder in the Western Canadian Sedimentary Basin, major oil- and gas-bearing formation. CNQ is the largest heavy crude oil producer in Canada, and a major player in the natural gas industry. The company has also diversified outside of Canada, and controls several offshore operations in the North Sea and off the West African coast.CNQ reported a 2% increase in total production last year, showing 1.098 billion barrels of oil equivalent for 2019. The company also reported a free cash flow of $4.6 billion, giving a firm foundation going into 2020. That was a fortunate, as Q1 of this year saw a sharp drop in earnings, as CNQ posted its first net loss in 5 quarters. EPS came in at minus 33 cents, a far cry from the expected 4-cent profit.Even though CNQ showed a net loss in Q1, the company maintained its dividend payment. Canadian Natural has a long history of keeping those payments reliable, and also of paying out a high yield. At 7.2%, the stock’s dividend yield is more than double the 3.04% sector average, and more than triple the S&P 500 average. And, it absolutely clobbers US Treasury bonds, which are yielding below 1%.Goldman’s Neil Mehta notes four reasons to Buy this stock, but citing two will suffice to show his bullish stance: “First, as detailed here and here, we have shifted our more negative oil view and defensive Energy equities stance to a more positive/offensive one over the last three weeks. CNQ has strong leverage to an oil and natural gas price recovery that we anticipate. Second, we see sufficient liquidity to make it through the 2020 downcycle and see the company well positioned in 2021-2022 to delever (sic).” To this end, Mehta upgrades the stock to Buy, and his $21 price target indicates his confidence in a 12% upside potential from current levels. With 14 recent review, breaking down to 11 Buys, 2 Holds, and 1 Sell, CNQ shares have a Moderate Buy rating from the analyst consensus. The stock sells for $18.74, and the $20.49 average price target implies an upside of 9%(See Canadian Natural stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

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    Simply Wall St.

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