Streetbeat News

COP

ConocoPhillips

https://www.conocophillips.com

Industry

Oil & Gas Exploration & Production

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. It primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects. ConocoPhillips was founded in 1917 and is headquartered in Houston, Texas.

Open

112.68

Mkt cap

129B

Volume

4.1M

High

114.05

P/E Ratio

13.20

52-wk high

135.18

Low

111.89

Div yield

0.03

52-wk low

101.30

Benzinga's options scanner revealed significant bullish sentiment among big-money investors in ConocoPhillips (NYSE:COP), with a notable volume of options trades indicating expectations of a price movement between $110.0 and $140.0. The analysis of options trades, including both calls and puts, suggests a mixed market sentiment but leans towards bullish. ConocoPhillips, a major oil and gas producer, has seen its stock slightly decline, with analysts maintaining positive ratings and target prices above the current market price.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 8:01 pm

Deep-pocketed investors have shown a significant interest in ConocoPhillips (NYSE:COP), with a mix of bullish and bearish sentiments reflected in recent options trading activities. Benzinga's tracking revealed 11 unusual options activities, with a focus on a price band between $120.0 and $140.0. The trading volume and open interest suggest heightened activity, with a split sentiment among investors. ConocoPhillips, a major independent exploration and production firm, has seen its stock price slightly decrease by -0.61%, currently trading at $121.5. Analyst ratings remain positive, with a consensus target price of $153.4.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 6:31 pm

Wells Fargo analyst Roger Read has maintained an Overweight rating on ConocoPhillips (NYSE:COP) and increased the price target from $149 to $151.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 5:59 pm

U.S. stock markets saw gains with the S&P 500 and Nasdaq 100 up, driven by positive corporate earnings and Fed Chair Jerome Powell's dismissal of a rate hike. Semiconductors, particularly Qualcomm, rebounded strongly. Small caps outperformed large caps, and treasury yields fell, indicating reduced interest rate hike fears. Commodities like gold and crude oil fell, while Bitcoin saw a slight recovery. Notable stock movements included Linde plc and ConocoPhillips dropping due to earnings reports, while Regeneron Pharmaceuticals and Moderna Inc. saw significant gains.

Portfolio Pulse from Piero Cingari

May 02, 2024 | 5:37 pm

The Dow Jones surged over 100 points amid positive market trends, with notable movements in individual stocks. ConocoPhillips reported earnings that missed expectations, impacting its stock. Other companies like Aspen Aerogels, Emergent BioSolutions, and Carvana saw significant stock price movements due to their financial results. Conversely, Fastly, Vestis Corporation, and XPEL experienced declines after reporting disappointing financial outcomes.

Portfolio Pulse from Avi Kapoor

May 02, 2024 | 4:37 pm

ConocoPhillips (NYSE:COP) reported Q1 FY24 earnings with revenue of $14.476 billion and adjusted EPS of $2.03, both missing consensus estimates of $15.047 billion and $2.04, respectively. Production increased to 1,902 MBOED, up 110 MBOED Y/Y. The average realized price for oil declined by 7% Y/Y to $56.60 per BOE. The company declared a quarterly dividend of $0.58 per share and a VROC of $0.20 per share. ConocoPhillips expects Q2 production of 1.91 to 1.95 million BOED. Shares fell 1.92% to $122.95.

Portfolio Pulse from Lekha Gupta

May 02, 2024 | 4:22 pm

ConocoPhillips (NYSE:COP) reported Q1 2024 earnings of $2.03 per share, missing estimates by $0.01, and sales of $14.476B, missing estimates by $571M. This represents a decrease in both earnings and sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 11:09 am

ConocoPhillips has projected its Q2 2024 production to be between 1.91 to 1.95 million barrels of oil equivalent per day, with all full-year guidance items remaining unchanged.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 11:02 am

ConocoPhillips (NYSE:COP) reported Q1 2024 adjusted earnings per share (EPS) of $2.03, missing the consensus estimate of $2.04 by 0.49%. This represents a 14.71% decrease from the $2.38 EPS reported in the same quarter last year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 11:01 am

Nasdaq and S&P 500 futures rise ahead of Apple's earnings report, indicating a positive market outlook post-Federal Reserve's rate decision. Analysts highlight potential market risks and the impact of economic data on future Fed actions. Premarket trading sees significant movements in stocks based on earnings reports, with notable companies set to report throughout the day.

Portfolio Pulse from Shanthi Rexaline

May 02, 2024 | 10:52 am

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