COP - ConocoPhillips
| Previous Close | 69.10 |
| Open | 69.94 |
| Bid | 70.01 x 1000 |
| Ask | 70.25 x 1000 |
| Day's Range | 69.48 - 70.32 |
| 52 Week Range | 52.78 - 80.24 |
| Volume | 5,173,527 |
| Avg. Volume | 6,334,140 |
| Market Cap | 79.889B |
| Beta (3Y Monthly) | 0.98 |
| PE Ratio (TTM) | 13.19 |
| EPS (TTM) | 5.32 |
| Earnings Date | Apr 24, 2019 - Apr 29, 2019 |
| Forward Dividend & Yield | 1.22 (1.77%) |
| Ex-Dividend Date | 2019-02-08 |
| 1y Target Est | 77.42 |
- Business Wire•2 days ago
ConocoPhillips Recommends Rejection of Below-Market Mini-Tender Offer by Baker Mills LLC
ConocoPhillips (COP) today announced that it has received notice of an unsolicited mini-tender offer by Baker Mills LLC (Baker Mills) to purchase up to 50,000 shares of ConocoPhillips common stock from the stockholders of ConocoPhillips. The offer represents approximately 0.004 percent of the outstanding shares of ConocoPhillips common stock.
- Investopedia•2 days ago
Top 4 Oil and Gas Penny Stocks for 2019
The oil and gas industry includes companies involved in the exploration, extraction, refining, transporting and marketing of oil and gas products. The oil and gas sector started 2018 off strong, coinciding with a rise in crude oil prices from around $50 to $70 per barrel.
- Market Realist•2 days ago
Oil Could Close at the Highest Level in 2019 This Week
Energy Portfolio Gains on Oil's RiseHighest level in 2019On February 14, US crude oil March futures rose 0.9% and settled at $54.41 per barrel. At 5:05 AM EST on February 15, US crude oil futures rose by 13 cents—less than a dollar from the
- Barrons.com•3 days ago
Why Dividend Investors Should Look to Oil Stocks for Big Yields
Companies such as Exxon Mobil and Chevron may be more focused on capital returns than growth. That is good news for income investors.
- Market Realist•3 days ago
Why ConocoPhillips Stock Doesn’t Have Any ‘Sell’ Recommendations
Why ConocoPhillips Stock Doesn't Have Any 'Sell' RecommendationsWall Street analysts’ recommendation Based on Reuters data from 22 analysts tracking ConocoPhillips (COP), 45% recommended “holds,” 55% recommended “buys,” and none
- Zacks•3 days ago
Should You Invest in the iShares U.S. Oil & Gas Exploration & Production ETF (IEO)?
Sector ETF report for IEO
- Motley Fool•4 days ago
Will This Oil Stock Keep Its Foot on the Accelerator in Q4?
The fast-growing shale driller expects to report results after the market closes.
- Zacks•5 days ago
The Zacks Analyst Blog Highlights: Bristol-Myers, ConocoPhillips, Qualcomm, General Motors and Marathon
The Zacks Analyst Blog Highlights: Bristol-Myers, ConocoPhillips, Qualcomm, General Motors and Marathon
- Zacks•4 days ago
Occidental's (OXY) Q4 Earnings & Revenues Surpass Estimates
Occidental's (OXY) earnings and revenues in the fourth quarter surpass the Zacks Consensus Estimate, courtesy of strong performance from Permian Resources assets.
- Financial Times•5 days ago
[$$] Private equity leads the changing of the North Sea guard
When Jonathan Roger, the former head of Centrica’s upstream oil and gas business, struck out on his own and set up an outfit to buy assets in the UK North Sea, conditions in the region were tough. “When ...
- Market Realist•5 days ago
Oil Prices: Is the Rebound Sustainable?
Oil Prices: Is the Rebound Sustainable?US crude oilOn February 11, US crude oil prices fell 0.6% and settled at $52.41 per barrel. On the same day, US crude oil active futures made an intraday low of $51.23—the lowest level since January 17. A
- Zacks•6 days ago
Top Analyst Reports for Bristol-Myers, ConocoPhillips & Qualcomm
Top Analyst Reports for Bristol-Myers, ConocoPhillips & Qualcomm
- Market Realist•6 days ago
ConocoPhillips: Investors’ Confidence Is Rising
ConocoPhillips: Investors' Confidence Is RisingConocoPhillips Since ConocoPhillips (COP) reported its fourth-quarter earnings results on January 31, the stock has fallen 1.7% despite a fall of 2% and 8.2% in US crude oil and natural gas prices,
- Market Realist•9 days ago
Chesapeake Energy: ‘Buy’ or ‘Sell’ after Its Q4 Earnings?
Chesapeake Energy: 'Buy' or 'Sell' after Its Q4 Earnings?Chesapeake’s earnings might fall sequentiallyOn February 27, Chesapeake Energy (CHK) might report an adjusted net income of $0.18 per diluted share based on analysts’ consensus estimates.
- InvestorPlace•10 days ago
Chesapeake Stock Still Is a Top Way to Play an Oil, Gas Rebound
In late October, yours truly here touted Chesapeake Energy (NYSE:CHK) as an underestimated turnaround prospect. Chesapeake stock promptly fell from that day's close of $4.54 to a Dec. 24 close of $1.73, confirming that I am neither clairvoyant nor infallible. Click to Enlarge Source: Philadelphia 76ers Via Flickr Since then, Chesapeake stock has made its way back to its current price near $2.60. Most investors also fully recognize the steep selloff was due to a combination of major market-wide selloff and a meltdown in crude and natural gas prices. The company didn't unexpectedly hit a wall. Still, nothing undercuts a stock's future like broken confidence. * 10 Monster Growth Stocks to Buy for 2019 and Beyond Chesapeake Energy is a name I'm standing by though. While it's fighting an uphill battle of weak commodity prices, it remains the best-of-breed pick within the exploration and production arena.InvestorPlace - Stock Market News, Stock Advice & Trading Tips A Closer Look at Chesapeake StockFor the record, none of its rivals have fared much better since late October. ConocoPhillips (NYSE:COP) hasn't been hit quite as hard, though it's still down to the tune of 5%, while Devon Energy (NYSE:DVN) has fallen 24% for the three-month stretch. There's been nowhere for any energy name to hide from the 23% setback in oil prices for the timeframe in question.And yet, though Chesapeake Energy desperately needs oil prices to rebound to prompt a corresponding rebound from Chesapeake stock, there's arguably no better company poised to support such a bounce.Thank CEO Doug Lawler, mostly.Lawler was named CEO in 2013, recruited from rival Anadarko Petroleum (NYSE:APC). Though he handled international and deepwater operations for his previous employer, he was actually a holdover from Oklahoma's Kerr-McGee, which was acquired by Anadarko in 2006.His experience and familiarity with the area have proven invaluable.Lawler is reshaping the company to focus first and foremost on the Powder River Basin and Eagle Ford. The former covers a swath of southeast Montana and northeast Wyoming, while the latter sweeps through the heart of Texas.The recently-completed acquisition of WildHorse Resources adds 420,000 acres of exposure to Eagle Ford, and simultaneously triples the company's proved-but-undeveloped oil reserves to 320 million barrels.Meanwhile, Chesapeake is shedding properties outside of the area of focus, like its Utica shale assets in Ohio.There's more to the remix of properties than streamlining and debt-reduction though. The company explained in the middle of last year (and not for the first time) "The Eagle Ford Shale in South Texas remains Chesapeake's EBITDA-generating backbone, consistently delivering high-margin oil volumes and stable production."It's similarly mastered the nuances of the Powder River Basin.The development of properties in those two regions goes beyond an expertise of that turf, however. Both areas are close to the Gulf Coast, where premium prices for crude can be found more often than not. It's the Little ThingsThe new configuration is bearing fruit, when tepid oil and gas prices aren't prematurely picking it.It's not an easy premise to prove. A quick review of its historical balance sheet data reveals its total liabilities of $12.8 billion is more or less in line with 2017's final tally of $12.4 billion. Take a look further back in time though. As of 2014, when gas and crude prices were on the verge of collapse, that figure was a stunning $40.7 billion.That's enough progress for Moody's to upgrade the company's remaining debt to B2, making it cheaper for Chesapeake to secure new debt or refinance existing debt.More important, the cost and headache of restructuring hasn't crimped production. Chesapeake Energy reported in early January it believes it produced about 463,000 BOE per day, versus analyst estimates of 448,000. It's a hint that the outfit is getting more out of its assets than anticipated, or at least doing so at a faster-than-expected pace. WildHorse may drive more growth than currently expected as well.Lawler isn't thinking or acting recklessly though. Also early in the year the company announced it was culling its rig count from 19 to what should be an average of 14 by year's end, to reflect contracted oil and gas prices.Shuttering those rigs will reduce unnecessary expenses until higher crude prices justify their reactivation, adding onto cost cuts that have already been realized. During the third quarter of last year, production costs fell from $3.03 per BOE a year earlier to $2.68 per BOE thanks to sales of lackluster properties and smarter use of remaining ones.Chesapeake's post-implosion rebuild has arguably been one of the best in the business. Bottom Line for Chesapeake StockNone of these initiatives are readily evident to current and prospective shareholders, however, keeping a cap on CHK stock in an environment that's already been less than friendly to energy stocks. It will take an oil rebound for the upside of the Lawler-led effort to become clear and buyable.That recovery is more likely to be a matter of "when" than "if" though.In spite of the economic caterwauling, the EIA forecasts that consumption of oil will continue to grow in 2019 as it did in 2018, with no great net increases in production capacity on the horizon. And, to the extent new oil spigots could be opened, OPEC is curtailing its output this year to counterbalance the United States' ramped-up production.Although oil stockpiles in the U.S. are moving slightly higher now, the total days' worth of crude in inventory has been quietly falling since February of last year.If nothing else, its forward-looking P/E of 4.6 makes CHK stock a ticker to add to a watchlist, for the point where crude and natural gas prices finally make their pivot.The fourth quarter earnings report slated for Feb. 27 could make or break the bullish argument.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * Are These 7 Dividend Aristocrats ETFs Fit for a King? * 7 of the Best Emerging Markets Stocks to Buy * 5 Gold Stocks That Should Glitter in 2019 Compare Brokers The post Chesapeake Stock Still Is a Top Way to Play an Oil, Gas Rebound appeared first on InvestorPlace.
- Market Realist•11 days ago
Will Anadarko Benefit from Its Production Mix Strategy in 2019?
Will Anadarko Benefit from Its Production Mix Strategy in 2019?Anadarko production mix strategyBased on the company’s guidance, Anadarko Petroleum (APC) could increase its total sales volume or production mix in natural gas in 2019 by as much as
- Zacks•11 days ago
The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, Royal Dutch, ConocoPhillips and Baker Hughes
The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, Royal Dutch, ConocoPhillips and Baker Hughes
- Market Realist•11 days ago
Anadarko’s Earnings Were 38% Lower than Analysts’ Estimate
Anadarko's Earnings Were 38% Lower than Analysts' EstimateAnadarko’s fourth-quarter earningsOn February 5, Anadarko Petroleum (APC) reported an adjusted net income of $0.38 per diluted share, ~38% below analysts’ consensus estimate, in the
- Reuters•12 days ago
Qatar Petroleum, Exxon to proceed with $10 billion Texas LNG project - Exxon
Qatar Petroleum and Exxon Mobil Corp will proceed with a $10 billion project to expand a liquefied natural gas (LNG) export plant in Texas, Exxon said on Tuesday. Construction of the Golden Pass LNG project, in Sabine Pass, Texas, is expected to begin in early 2019. The project will add production capacity of around 16 million tonnes of LNG per year after it starts up in 2024.
- Reuters•12 days ago
Qatar Petroleum, Exxon to proceed with $10 bln Texas LNG project -Exxon
Qatar Petroleum and Exxon Mobil Corp will proceed with a $10 billion project to expand a liquefied natural gas (LNG) export plant in Texas, Exxon said on Tuesday. Construction of the Golden Pass LNG project, in Sabine Pass, Texas, is expected to begin in early 2019. The project will add production capacity of around 16 million tonnes of LNG per year after it starts up in 2024.
- Market Realist•12 days ago
Any Fall in the EIA Inventory Data Could Benefit Oil Bulls
Will US Crude Oil Maintain the $54 Level on February 5?(Continued from Prior Part)Changes in inventory levels On February 6, the EIA (U.S. Energy Information Administration) is scheduled to announce last week’s US crude oil inventory data. A rise
- Zacks•12 days ago
Oil & Gas Stock Roundup: Exxon, Chevron, Shell Earnings Beat
Integrated majors ExxonMobil (XOM), Chevron (CVX) and Royal Dutch Shell (RDS.A) reported fourth-quarter earnings that improved year over year and came above the Zacks Consensus Estimate.
- Market Realist•12 days ago
Anadarko Petroleum: What Could Impact Its Q4 Earnings?
Anadarko Petroleum: What Could Impact Its Q4 Earnings?Anadarko Petroleum’s productionAnadarko Petroleum’s (APC) total production in the fourth quarter might fall by ~6,000 barrels per day on a sequential basis. A major part of the
