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Stock impact report

ConocoPhillips: Payout Is Set To Rise Due To M&A And Higher Oil Prices [Seeking Alpha]

ConocoPhillips (COP) 
Last conocophillips earnings: 4/30 07:00 am Check Earnings Report
Company Research Source: Seeking Alpha
The company's Q2 earnings were down due to lower realizations, but rising oil prices should support future earnings growth. ConocoPhillips has strong cash flow, made a shrewd acquisition, and favorable commodity prices, making it a good investment opportunity. Shares of ConocoPhillips ( NYSE: COP ) have been on a strong run since July, alongside higher crude oil prices. Since I recommended buying shares last October , COP has returned about 11%, including special dividends. However, with strong cash flow, a shrewd acquisition, and favorable commodity prices, I see further upside for shares. I recommend buying here. In the company's second quarter , it earned $1.84 in adjusted EPS, which was down from $3.96 last year. This decline was due to lower realizations. In the quarter, Conoco had an average realization of $54.50 with WTI at $74 and Henry Hub natural gas at $2.09. Last year, realizations were over $88 given stronger crude oil and gas prices amid uncertainty over whether E Show less Read more
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