Houston, TX-based ConocoPhillips (COP - Free Report) is one of the largest exploration and production players in the world, based on proved reserves and production.
Currently, ConocoPhillips has a Zacks Rank #2 (Buy) but that could change following its third-quarter 2017 report which has just released. You can see the complete list of today’s Zacks #1 Rank stocks here.
We have highlighted some of the key details from the just-released quarterly announcement below:
Earnings: Earnings per share excluding special items came in at 16 cents, surpassed the Zacks Consensus Estimate of 9 cents.
Revenue: Revenues of $7,195million surpassed the Zacks Consensus Estimate of $6,548million.
Key Stats: Total production during the third-quarter 2017 came at 1,226 thousand barrels of oil equivalent per day (MBOE/D), down from 1,557 MBOE/D in the year ago quarter period. The total realized price of hydrocarbon was $37.10 per barrel of oil equivalent (BOE), against $29.78 per BOE in the July to September quarter of 2016.
Check back later for our full write up on this ConocoPhillips 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 one of the largest exploration and production players in the world, based on proved reserves and production.
Currently, ConocoPhillips has a Zacks Rank #2 (Buy) but that could change following its third-quarter 2017 report which has just released. You can see the complete list of today’s Zacks #1 Rank stocks here.
We have highlighted some of the key details from the just-released quarterly announcement below:
Earnings: Earnings per share excluding special items came in at 16 cents, surpassed the Zacks Consensus Estimate of 9 cents.
Revenue: Revenues of $7,195million surpassed the Zacks Consensus Estimate of $6,548million.
Key Stats: Total production during the third-quarter 2017 came at 1,226 thousand barrels of oil equivalent per day (MBOE/D), down from 1,557 MBOE/D in the year ago quarter period. The total realized price of hydrocarbon was $37.10 per barrel of oil equivalent (BOE), against $29.78 per BOE in the July to September quarter of 2016.
Check back later for our full write up on this ConocoPhillips earnings report later!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
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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