ConocoPhillips (COP) has been experiencing a complex mix of market performance. Despite a dip due to
lower oil prices, share purchases by prominent entities like Doheny Asset Management and The Manufacturers Life Insurance Company hint at investor confidence in the company. There has been a rise in options activity, and stocks performed better than ExxonMobil and Shell's recently. A significant development is the
10-year natural gas supply deal COP has reached with the German firm,
Uniper. The deal suggests bullish long-term predictions for the company. However, COP's Q3 2024 EPS estimate has been lowered by Zacks Research. The performance of COP in the market is somewhat volatile, with stock prices fluctuating regularly. Important to note is the acquisition of Marathon Oil in a $22.5 billion transaction, making COP the third-largest producer in the US Lower 48. Furthermore, a few bearish indicators are various insider sales and COP's miss on Q2 earnings and revenue estimates which could impact the stock price. The stock's recent performance, however, is allegedly backed by its attractive financial prospects.
Conocophillips COP News Analytics from Tue, 02 Apr 2024 07:00:00 GMT to Sun, 29 Sep 2024 11:04:21 GMT -
Rating 0
- Innovation -5
- Information 8
- Rumor 3
