Followers | 689 |
Posts | 143817 |
Boards Moderated | 35 |
Alias Born | 03/10/2004 |
Tuesday, August 02, 2022 2:20:22 PM
By: 24/7 Wall St. | August 2, 2022
• Here are previews of four earnings reports due out before U.S. markets open Thursday morning.
ConocoPhillips
Over the past 12 months, shares of ConocoPhillips (NYSE: COP) have added about 71.2% to their value. As with both Chevron and Exxon Mobil, the rise in the share price of the country’s largest independent oil and gas producer is closely tied to the rising price of oil. The company spent about $5.9 million on lobbying in the first half of this year, more than it has spent annually since 2011. Much of the spending was directed at opening Alaska’s National Petroleum Reserve to drilling.
There are 27 brokerages covering the company and 23 have ratings of Buy or Strong Buy on the stock. The rest rate the stock a Hold. At a current price of around $94.90, the upside potential based on a median price target of $123.00 is about 29.6%. At the high price target of $148.00, the upside potential is about 56%.
For the second quarter, analysts are expecting revenue of $19.71 billion, up 17.7% sequentially and 93% year over year. Adjusted EPS is expected to come in at $3.85, up 41.7% sequentially and 203% year over year. For the full 2022 fiscal year, Conoco is expected to report EPS of $14.89, up 147.8%, on sales of $77.26 billion, up 59.8%.
Conoco stock trades at a multiple of 6.4 times expected 2022 EPS, 7.1 times estimated 2023 earnings of $13.37, and 9.1 times estimated 2024 earnings of $10.41 per share. The stock’s 52-week range is $51.41 to $124.08. The company pays an annual dividend of $1.92 (yield of 1.97%). The total shareholder return for the past 12 months was 76.7%.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM