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- U.S. oil and gas producer ConocoPhillips (NYSE:COP) is scheduled to announce Q4 earnings results on Thursday, February 8th, before market open.
- The consensus EPS estimate is $2.17 and the consensus revenue estimate is $16.16B.
- Over the last 2 years, COP has beaten EPS estimates 75% of the time and has beaten revenue estimates 0% of the time.
- Over the last 3 months, EPS estimates have seen 0 upward revisions and 18 downward. Revenue estimates have seen 1 upward revision and 6 downward.
- The company on November 2 reported better-than-expected Q3 adjusted earnings and raised its quarterly dividend by 14% to $0.58/share.
- COP has a Quant rating of "HOLD", with a 3.19 rating score.
- COP has an industry ranking of 9 out of 70 among oil and gas exploration and production stocks, as per SA's Quant ranking.
- Wall Street and Seeking Alpha authors rate the COP stock a "BUY".
- In 2023, COP stock rose 2%, while the S&P 500 Energy Sector Index fell 4.8%. The benchmark S&P 500 Index rose 24.2% for the year.
- Stock is down 3.6% so far this year as of Tuesday's close.
Recent commentary on COP
SA contributor The Value Portfolio said in a December 31 report that "ConocoPhillips has a unique portfolio of assets, and it's taken advantage of lower prices in recent years to acquire several more. The company has some of the most reliable assets in the best jurisdictions, meaning it trades at a premium, but one that's deserved. The company remains committed to shareholder returns, both through business growth, and dividends/repurchases. The company's lack of a plan to handle climate change in its long-term business model is a substantial risk."
SA contributor Michael Fitzsimmons said in his January 22 report, "ConocoPhillips stock has dropped 7% since my last article even though it has significantly increased its regular dividend (by 14%), its free-cash flow profile is still very strong at $70+/bbl oil ($2.9 billion of FCF generated in Q3, or an estimated $2.41/share). Bottom line: It's time for investors to start nibbling on COP stock again. I am upgrading COP from a Hold to a Buy."