ConocoPhillips upped to Buy at BAML on strong free cash flow outlook [Seeking Alpha]
ConocoPhillips (COP)
Last conocophillips earnings: 4/30 07:00 am
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US:NYSE Investor Relations:
conocophillips.com/investor-relations/investor-presentations
Company Research
Source: Seeking Alpha
ConocoPhillips ( COP ) is upgraded to Buy from Neutral with an $85 price target, up from $80, at BofA Merrill Lynch, which says COP has a favorably leveraged oil portfolio mix which is overlooked by the market and benefits from the 2014 change in the Alaska tax regime. COP management has signaled it will continue to shed non-core businesses, which would improve COP’s already robust outlook for free cash flow, making it possible for the company to accelerate share repurchases much faster than he previous estimated, BAML analyst Doug Leggate writes. While COP's dividend payout is lower than some peers, Leggate argues it is appropriate for the company’s position as a pure-play exploration and production firm. COP has turned lower in afternoon trading as the broader market moves sharply lower. See all stocks on the move » Now read: ConocoPhillips Hits A Grand Slam » Subscribe for full text news in your inbox
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News
- ConocoPhillips (COP) Advances While Market Declines: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
- Why Investors Need to Take Advantage of These 2 Oils-Energy Stocks Now [Yahoo! Finance]Yahoo! Finance
- ConocoPhillips (COP) Stock Slides as Market Rises: Facts to Know Before You Trade [Yahoo! Finance]Yahoo! Finance
- New Study Identifies Big Reductions In US Natural Gas Emissions [Forbes]Forbes
- Investors Heavily Search ConocoPhillips (COP): Here is What You Need to Know [Yahoo! Finance]Yahoo! Finance
COP
Earnings
- 2/8/24 - Beat
COP
Sec Filings
- 4/17/24 - Form PX14A6G
- 4/17/24 - Form 4
- 4/2/24 - Form 4
- COP's page on the SEC website