|Bid||0.00 x 1300|
|Ask||0.00 x 800|
|Day's range||64.79 - 66.96|
|52-week range||42.27 - 71.71|
|PE ratio (TTM)||N/A|
|Earnings date||25 Jul 2018 - 30 Jul 2018|
|Forward dividend & yield||1.14 (1.74%)|
|1y target est||75.45|
We have considered four popular ratios in order to find efficient companies that have the potential to provide impressive returns
As of June 15, Reuters reported 24 analysts with recommendations on COP. Of these analysts, ~21% have “strong buy” ratings and ~46% have “buy” recommendations while the remaining ~33% analysts have “hold” recommendations. There are no “sell” or “strong sell” recommendations on the stock.
As of June 15, ConocoPhillips (COP) had an implied volatility of ~24.8%, which is lower than its implied volatility of ~26.5% on March 30. Last week, COP’s implied volatility increased from ~23.8% to ~24.8% due to a ~6% down move in its stock price.
With oil prices having stayed above $60 for several months now, U.S. drillers are beginning to test their fracking capabilities on oil fields that haven’t produced in decades
Hedge funds increased their net bullish positions in US crude oil futures and options 0.5% to 315,063 on June 5–12. The positions increased by 119,765 contracts or 61% from a year ago. The US Commodity Futures Trading Commission released the data on June 15.
Venezuela’s economic, social and political crisis appears to be worsening by the day, having a spectacular impact on the country’s oil industry as PDVSA has been forced to shut in production and suspend shipments
All eyes in the oil market are focused on the upcoming OPEC meeting, but it is important for analysts to be aware of the bullish and bearish cases for oil prices in the long term – because the outcome of the OPEC meeting is unlikely to be decisive
ConocoPhillips’s (NYSE:COP): ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. With the latest financial year loss ofRead More...
Among vineyards and cow pastures in east Texas last month, roughnecks started to drill in an oilfield that is 25 years past its production peak. Houston-based oil producer Wildhorse Resource Development Corp (WRD.N) tasked the crew with breathing new life into the field by using technology developed for fracking shale rock. In the limestone and clay Austin Chalk formation, which stretches across south Texas into central Louisiana, Wildhorse is among a growing group of U.S. producers opening a new front in the nation's energy revolution.
ConocoPhillips (COP) is seeing solid earnings estimate revision activity and is a great company from a Zacks Industry Rank perspective.
In this final part of our series, we’ll discuss the YoY (year-over-year) stock performances of ConocoPhillips (COP), EOG Resources (EOG), Anadarko Petroleum (APC), Occidental Petroleum (OXY), and EQT Corporation (EQT).
The Austin Chalk, a vast underground ribbon of rock along the Gulf Coast, is garnering new attention this year, with drillers including ConocoPhillips and EOG Resources Inc. trumpeting efforts in an area the industry largely wrote off 20 years ago. Just last week, private-equity giant Blackstone Group LP sold royalty rights in the region for more than $400 million. The revival is the latest testament to the oil industry’s improved health, with crude prices near $70 a barrel after a painful three-year slump.
Lawyers for five major oil companies asked a federal judge Wednesday to dismiss a lawsuit filed by New York City, arguing they shouldn’t be held responsible for damages the city says are caused by climate change. In January, the administration of Mayor Bill de Blasio, a Democrat, sued five companies—Chevron Corp., BP PLC, ConocoPhillips, Royal Dutch Shell PLC, and Exxon Mobil Corp.—arguing they knowingly produced fossil fuels that hurt the environment and misled the public about potential risks. Instead, it is seeking billions of dollars in damages it says it needs to protect New York City residents from rising sea levels, erosion and other conditions it says are caused by climate change.
The Zacks Analyst Blog Highlights: United Technologies, PayPal, ConocoPhillips, Raytheon and Tesla
The U.S. unit of Venezuela's state-run oil producer PDVSA is increasing purchases of crude on the open market because it cannot get sufficient deliveries from its struggling parent company, traders said on Monday. Citgo Petroleum has been buying crude from multiple countries worldwide as PDVSA has been unable to comply with the contractual volume of heavy crude due to falling output and port congestion slowing deliveries, according to the traders. Declining oil production, lawsuits by creditors, shortages of spare parts for terminals and executive braindrain have all reduced PDVSA's ability to export oil.
Venezuelan PDVSA's U.S. refining unit Citgo Petroleum is increasing efforts to buy crude on the open market to compensate for declining supplies from its parent, which is dealing with a severe tanker backlog that has raised the prospect of a force majeure declaration, traders said on Monday. From January through April, Citgo was the customer most affected by PDVSA's inability to fulfill its supply contracts due to declining oil output, which this year has fallen to its lowest level in 33 years, according to internal PDVSA data. U.S. producer ConocoPhillips' actions to seize PDVSA's assets in the Caribbean since May have extended the Venezuelan firm's export delays, leading to a tanker backlog representing nearly a month's worth of shipments from its main terminal.
HOUSTON/PUNTO FIJO, Venezuela (Reuters) - Venezuela has begun testing seaborne oil transfers to ease a severe backlog of crude deliveries from its main terminals, according to sources and data, as chronic delays and production declines could temporarily halt state-run PDVSA's supply contracts if they are not cleared soon. The company has told some customers it may declare force majeure, allowing it to temporarily suspend export contracts, if they do not accept new delivery terms, including seaborne transfers. The delivery method entails specialized equipment and training and higher costs for ship owners and customers.