Houston, TX-based ConocoPhillips (COP - Free Report) is a major global exploration and production (E&P) company with operations and activities in 21 countries that include the U.S., Canada, UK/Norway, China, Australia, offshore Timor-Leste, Indonesia, Libya, Nigeria, Algeria, Russia and Qatar.
Currently, ConocoPhillips has a Zacks Rank #2 (Buy) but that could change following its second-quarter 2016 report which has just released. We have highlighted some of the key details from the just-released quarterly announcement below:
Earnings: Loss per share excluding special items came in at 79 cents, missing the Zacks Consensus Estimate of 62 cents loss per share.
Revenue: Revenues of $5.58 billion failed to beat the Zacks Consensus Estimate of $6.47 billion.
Key Stats: Total production during the second-quarter 2015 came at 1,546 thousand barrels of oil equivalent per day (MBOE/D), down from 1,595 MBOE/D in the year ago quarter period. The company’s total realized price was $27.79 per barrel of oil equivalent (BOE), compared with $39.06 per BOE in the second quarter of 2015, reflecting lower average realized prices across all commodities.
Check back later for our full write up on this COP earnings report later!
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Houston, TX-based ConocoPhillips (COP - Free Report) is a major global exploration and production (E&P) company with operations and activities in 21 countries that include the U.S., Canada, UK/Norway, China, Australia, offshore Timor-Leste, Indonesia, Libya, Nigeria, Algeria, Russia and Qatar.
Currently, ConocoPhillips has a Zacks Rank #2 (Buy) but that could change following its second-quarter 2016 report which has just released. We have highlighted some of the key details from the just-released quarterly announcement below:
Earnings: Loss per share excluding special items came in at 79 cents, missing the Zacks Consensus Estimate of 62 cents loss per share.
Revenue: Revenues of $5.58 billion failed to beat the Zacks Consensus Estimate of $6.47 billion.
Key Stats: Total production during the second-quarter 2015 came at 1,546 thousand barrels of oil equivalent per day (MBOE/D), down from 1,595 MBOE/D in the year ago quarter period. The company’s total realized price was $27.79 per barrel of oil equivalent (BOE), compared with $39.06 per BOE in the second quarter of 2015, reflecting lower average realized prices across all commodities.
Check back later for our full write up on this COP earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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