|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||69.69 - 70.14|
|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||78.23|
For Q2 2018, Marathon Oil (MRO) expects total production of 395–415 Mboepd (thousand barrels of oil equivalent per day). On a year-over-year basis, the mid-point of its Q2 2018 production guidance is ~4% higher than Q2 2017 production of 389 Mboepd. Its Q2 2018 production guidance is even ~7% higher than 380 Mboepd in the first quarter.
Marathon Oil (MRO) is expected to report its Q2 2018 earnings on August 1 after the market closes. Excluding any one-time items, the current consensus net income estimate is ~$161 million. On a year-over-year basis, MRO is expected to turn its year-ago loss into profit. In Q2 2017, it reported an adjusted loss of ~$128 million. Even on a sequential basis and excluding any one-time items, its second-quarter consensus net income estimate is ~5% higher than its ~$154 million profit in the first quarter.
The Zacks Analyst Blog Highlights: Marathon, Hess, Anadarko, ConocoPhillips and Whiting Petroleum
A federal judge on Thursday threw out a lawsuit brought by New York City against Exxon Mobil, Chevron and other oil companies for their role in contributing to climate change.
In the first quarter, 517 funds were buyers—either creating new positions or adding to existing positions of ConocoPhillips (COP) stock. In the same quarter, 788 funds were sellers—either closing their entire positions or reducing existing positions of COP stock.
In early February, oil production broke through the 10 million barrels a day threshold for the first time in nearly 50 years and has maintained the record levels thereafter.
On July 12, Reuters reported 24 analysts tracking ConocoPhillips (COP) stock. About 21.0% of these analysts gave “strong buy” ratings, ~50.0% of these analysts gave “buy” ratings, and ~29.0% of these analysts gave “hold” recommendations on COP stock. There was one “sell” or “strong sell” recommendation on the stock.
On July 11, ConocoPhillips (COP) announced a dividend of $0.285 per share on its common stock. This dividend is expected to be payable on September 4 to stockholders of record at the close of business on July 23. This payment would apply to the third quarter.
This earnings season, strong oil prices, higher production, and lower costs are in exploration and production companies' favor, writes Credit Suisse's William Featherston. Featherston takes a look at the ...
Oil driller EOG Resources currently pays a paltry dividend, but its growth plan could lead to market-beating total returns in the coming years.
In the last four quarters, ConocoPhillips (COP) beat the consensus EPS estimates in the second quarter of 2017, the third quarter of 2017, and the first quarter. However, COP met its EPS estimate in the fourth quarter of 2017. In the last four quarters, COP beat the consensus EPS estimate 75.0% of the time and met its consensus EPS estimate 25.0% of the time.
In fiscal 2018, ConocoPhillips (COP) expects capital expenditures (capex) of ~$5.5 billion, which is ~20.0% higher than its fiscal 2017 capex of ~$4.6 billion. COP’s capex guidance excludes the acquisition investment for its ~$400.0 million transaction in Alaska and its second-quarter ~$100.0 million acquisition in Montney, Canada.
Zacks.com featured highlights include: ConocoPhillips, Archer Daniels, CVS, Fortinet and Avnet
Wall Street analysts expect ConocoPhillips (COP) to report operating cash flow of ~$2.86 billion in the second quarter. This reading is ~54.0% higher YoY (year-over-year) than ~$1.75 billion in the second quarter of 2017.
The Zacks Analyst Blog Highlights: ConocoPhillips, Anadarko, Occidental, GulfMark and QEP Resources
Oil exploration and production companies, which took the brunt of the hit during the crude selling, have benefited the most as prices rebounded, but ETF investors should begin to think about taking a more ...
ConocoPhillips (COP), Anadarko Petroleum (APC) and Occidental Petroleum (OXY) announced initiatives to return capital to shareholders.
Crude oil is in a tailspin on fears global surpluses could flood the market. With oil companies under pressure, one technical analyst is recommending an energy heavyweight to ditch, and another that looks like a buy. “The charts are mixed for the overall sector so I think really selection is key,” Ari Wald, head of technical analysis at Oppenheimer, told CNBC’s “ Trading Nation ” on Monday.
WTI crude oil prices hit $74.15 per barrel on June 29—the highest level since November 2014. However, Brent and WTI oil prices fell 5.2% and 4.2%, respectively, during the last two weeks. WTI oil prices fell 3.8% last week. However, the Energy Select Sector SPDR ETF (XLE) rose 0.8% last week. The companies in XLE develop and produce crude oil and natural gas and other energy-related services.
More often than not, investors wonder if the high price range has made the stock overpriced. In fact, in an attempt to avoid stocks that are trading near their 52-week high levels, an investor might miss out on top gainers. This is because investors fear that the stocks are overvalued and a price crash is impending.
In the second quarter, ConocoPhillips (COP) expects total production of 1,170–1,210 Mboepd (thousand barrels of oil equivalent per day). On a YoY (year-over-year) basis, the midpoint of ConocoPhillips’s second-quarter production guidance range is ~16.0% lower than its production of 1,425 Mboepd in the second quarter of 2017.