ConocoPhillips (COP) is set to report fourth-quarter 2023 earnings on Feb 8, before the opening bell.In the last reported quarter, the company’s earnings of $2.16 per share beat the Zacks Consensus Estimate of $2.04 due to higher oil equivalent production volumes. COP’s earnings missed the Zacks Consensus Estimate in two of the trailing four quarters and beat the same twice, delivering an average surprise of 4.6%. This is depicted in the graph below.Estimate TrendThe Zacks Consensus Estimate for fourth-quar ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:ConocoPhillips (COP) is an energy company. The Zacks Consensus Estimate for its current year earnings has been revised 6% downward over the last 60 days.Zurich Insurance Group AG (ZURVY) is an insurance company. The Zacks Consensus Estimate for its current year earnings has been revised 4.3% downward over the last 60 days.Kolibri Global Energy Inc. (KGEI) is an energy exploration and production company. The Zacks Consensus Estimate fo ...

In the latest trading session, ConocoPhillips (COP) closed at $111.60, marking a -0.56% move from the previous day. This change lagged the S&P 500's daily gain of 0.76%. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, added 1.12%.Heading into today, shares of the energy company had lost 3.31% over the past month, lagging the Oils-Energy sector's loss of 2.82% and the S&P 500's gain of 2.5% in that time.Analysts and investors alike will be keeping a close eye on the performance of Conoco ...

Union Jack Oil PLC (AIM:UJO), the UK-based exploration and production company, is set to expand its operations into the United States through a strategic alliance with Reach Oil & Gas Inc. This partnership will primarily focus on numerous drilling and production ventures in Oklahoma, recognized as one of the top hydrocarbon-producing regions in the US, Encompassing exploration, drilling, development, and potential production, the collaboration is nearing completion with joint venture agreements. Chairman Da ...

In the latest market close, ConocoPhillips (COP) reached $107.99, with a -0.06% movement compared to the previous day. This move lagged the S&P 500's daily gain of 0.29%. Elsewhere, the Dow saw a downswing of 0.25%, while the tech-heavy Nasdaq appreciated by 0.43%.Coming into today, shares of the energy company had lost 8.16% in the past month. In that same time, the Oils-Energy sector lost 5.56%, while the S&P 500 gained 2.08%.The investment community will be paying close attention to the earnings performa ...

LNG tanker ship. IgorSPbConocoPhillips (NYSE:COP) is due to release Q4 and full-year 2023 earnings on Feb. 8. Today, I'll give investors a preview of what to expect, take a look back on TTM returns, and discuss the company's prospects going forward. Meantime, I'm raising my rating on COP from a Hold to a Buy. This has more to do with the price drop in the stock since my last article (see ConocoPhillips In 'The Age Of Energy Abundance', a Seeking Alpha "Editor's Pick") rather than any big change in COP's o ...

The energy sector can be a hotbed of activity when geopolitical tensions surge. Energy stocks tend to become just as volatile as traders jump into action to protect profits or sieze opportunity. However, not all energy stocks perform equally well during the good times. While the best performers change yearly due to the sector’s volatility, some companies remain top contenders for maximizing returns over the long run.This article highlights three energy stocks that are buy-rated and positioned to deliver str ...

The United States has taken a substantial stride in confronting climate change with the Environmental Protection Agency (‘EPA’) proposing a fee on methane emissions originating from major oil and gas facilities. This strategic move aligns with the 2022 climate law, serving as a complementary measure to more extensive regulations on greenhouse gas emissions within the Oil/Energy sector. The target of the EPA's proposal is facilities reporting methane emissions exceeding 25,000 metric tons of carbon dioxide e ...

ConocoPhillips (COP) closed at $111 in the latest trading session, marking a -0.16% move from the prior day. This change lagged the S&P 500's daily loss of 0.07%.The energy company's shares have seen a decrease of 0.6% over the last month, not keeping up with the Oils-Energy sector's gain of 0.36% and the S&P 500's gain of 3.98%.Investors will be eagerly watching for the performance of ConocoPhillips in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on February 8, 2024 ...

Oil stocks? At a time when society is increasingly looking to clean and renewable energy sources to meet net-zero emission targets, the idea of investing in hydrocarbon-related enterprises seems risky, perhaps even foolish. Nevertheless, fossil fuels – despite their somewhat controversial reputation – deserve closer examination.Yes, many hydrocarbon players found themselves out of sorts last year. Even with production cuts initiated by major oil-producing nations, the needle didn’t move much. With the econo ...