Will the ConocoPhillips stock price gain 4 days in a row?
The ConocoPhillips stock price gained 0.15% on the last trading day (Thursday, 23rd Dec 2021), rising from $71.08 to $71.19. , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days.
Are there any negative signals in the ConocoPhillips stock?
Some negative signals were issued as well, and these may have some influence on the near short-term development. The ConocoPhillips stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal.
Is ConocoPhillips a buy at $68?
ConocoPhillips finds support from accumulated volume at $68.61 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low.
What does ConocoPhillips do?
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids worldwide.
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Will ConocoPhillips go up?
The 24 analysts offering 12-month price forecasts for Conocophillips have a median target of 126.50, with a high estimate of 165.00 and a low estimate of 115.00. The median estimate represents a +37.23% increase from the last price of 92.18.
Is ConocoPhillips a buy right now?
There are currently 3 hold ratings, 15 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ConocoPhillips stock.
What is the target price for COP stock?
Stock Price TargetsHigh$165.00Median$126.50Low$115.00Average$131.21Current Price$92.23
Who owns ConocoPhillips stock?
Top 10 Owners of ConocophillipsStockholderStakeShares ownedThe Vanguard Group, Inc.8.19%105,939,967SSgA Funds Management, Inc.5.10%66,019,730BlackRock Fund Advisors4.91%63,544,203Capital Research & Management Co....3.84%49,659,3976 more rows
Is COP stock a buy or sell?
The consensus among 14 Wall Street analysts covering (NYSE: COP) stock is to Strong Buy COP stock.
Is British Petroleum a good stock?
BP currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
How high will Chevron stock go?
Stock Price Forecast The 26 analysts offering 12-month price forecasts for Chevron Corp have a median target of 182.00, with a high estimate of 213.00 and a low estimate of 147.00. The median estimate represents a +23.40% increase from the last price of 147.49.
What is Nio price target?
NIO Inc (NYSE:NIO) The 31 analysts offering 12-month price forecasts for NIO Inc have a median target of 30.43, with a high estimate of 66.96 and a low estimate of 21.98.
What is the target price for Marathon Oil?
Stock Price Target MROHigh$43.00Median$35.00Low$24.00Average$34.68Current Price$23.12
What happened to ConocoPhillips?
On May 1, 2012, all midstream, downstream, marketing and chemical operations were separated into a new company named Phillips 66, headquartered in Houston. As a result, ConocoPhillips continued its operations as an upstream (exploration and production) company.
Does Phillips 66 own ConocoPhillips?
These two companies had successful businesses before merging in 2002 to form ConocoPhillips. In 2012, ConocoPhillips separated into two stand-alone publicly traded companies, one of which is Phillips 66. Our company comprises a number of heritage, joint venture and acquired brands.
How much oil does ConocoPhillips make?
625 million barrels per dayConocoPhillips's total crude oil production in the United States amounted to a total of some 625 million barrels per day in 2021, with Alaska alone accounting for 178 million barrels.
ConocoPhillips Beats Q2 Earnings on Higher Oil Prices
Production
ConocoPhillips reported second-quarter 2021 adjusted earnings per share of $1.27, comfortably beating the Zacks Consensus Estimate of $1.15. Further, the figure significantly improved from adjusted loss of 92 cents per share a year ago.
Realized Prices
Total production averaged 1,588 thousand barrels of oil equivalent per day (MBoe/d), up from the year-ago quarter’s 981 MBoe/d. Of the total output, 53.5% was crude oil. Overall production was higher than the year-ago period, primarily due to significantly increased output in Lower 48, Canada and other regions.
Total Expenses
Average realized oil equivalent prices rose to $50.03 per barrel from the year-ago level of $23.09.
Balance Sheet & Capital Spending
ConocoPhillips’ second-quarter total expenses rose to $7,131 million from $3,995 million in the corresponding period of 2020.
Guidance
As of Jun 30, 2021, the oil and gas giant had $6,608 million in total cash and cash equivalents, reflecting a massive jump from the first-quarter level of $2,831 million. The company had a total long-term debt of $18,805 million, down sequentially from $19,338 million. It had a debt-to-capitalization ratio of 0.31.
ConocoPhillips Beats Q2 Earnings on Higher Oil Prices
The company reiterated its full-year production guidance at 1.5 million barrels of oil equivalent per day (MMBoe/d). The figure indicates an improvement from the 2020 level of 1.1 MMBoe/d. Third-quarter production will likely be within 1.48-1.52 MMBoe/d.
Production
ConocoPhillips reported second-quarter 2021 adjusted earnings per share of $1.27, comfortably beating the Zacks Consensus Estimate of $1.15. Further, the figure significantly improved from adjusted loss of 92 cents per share a year ago.
ConocoPhillips Beats Q2 Earnings on Higher Oil Prices
Total production averaged 1,588 thousand barrels of oil equivalent per day (MBoe/d), up from the year-ago quarter’s 981 MBoe/d. Of the total output, 53.5% was crude oil. Overall production was higher than the year-ago period, primarily due to significantly increased output in Lower 48, Canada and other regions.
Production
ConocoPhillips reported second-quarter 2021 adjusted earnings per share of $1.27, comfortably beating the Zacks Consensus Estimate of $1.15. Further, the figure significantly improved from adjusted loss of 92 cents per share a year ago.
Realized Prices
Total production averaged 1,588 thousand barrels of oil equivalent per day (MBoe/d), up from the year-ago quarter’s 981 MBoe/d. Of the total output, 53.5% was crude oil. Overall production was higher than the year-ago period, primarily due to significantly increased output in Lower 48, Canada and other regions.
Total Expenses
Average realized oil equivalent prices rose to $50.03 per barrel from the year-ago level of $23.09.
Balance Sheet & Capital Spending
ConocoPhillips’ second-quarter total expenses rose to $7,131 million from $3,995 million in the corresponding period of 2020.
Guidance
As of Jun 30, 2021, the oil and gas giant had $6,608 million in total cash and cash equivalents, reflecting a massive jump from the first-quarter level of $2,831 million. The company had a total long-term debt of $18,805 million, down sequentially from $19,338 million. It had a debt-to-capitalization ratio of 0.31.
