ConocoPhillips Likely To Report Higher Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
ConocoPhillips (NYSE:COP) is expected to report higher Q2 earnings, with analysts forecasting $1.96 per share and $14.92 billion in revenue. The company, along with Marathon Oil Corporation (NYSE:MRO), received a Second Request from the FTC to extend the Hart-Scott-Rodino waiting period. Recent analyst ratings for ConocoPhillips include multiple Outperform ratings and price target adjustments.
August 01, 2024 | 6:51 am
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Marathon Oil Corporation received a Second Request from the FTC to extend the Hart-Scott-Rodino waiting period, which could introduce regulatory uncertainty.
The FTC's Second Request introduces regulatory uncertainty for Marathon Oil Corporation. However, this news is less likely to have an immediate impact on the stock price compared to earnings reports or major analyst ratings.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
ConocoPhillips is expected to report higher Q2 earnings with $1.96 per share and $14.92 billion in revenue. The company received a Second Request from the FTC to extend the Hart-Scott-Rodino waiting period. Analysts have given mixed ratings but generally positive outlooks.
The expected higher earnings and revenue are positive indicators for ConocoPhillips. The mixed but generally positive analyst ratings further support a likely short-term price increase. The FTC's Second Request introduces some regulatory uncertainty but is less likely to impact the immediate earnings report.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100