ConocoPhillips (COP) Offering Possible 12.87% Return Over the Next 24 Calendar Days

ConocoPhillips's most recent trend suggests a bullish bias. One trading opportunity on ConocoPhillips is a Bull Put Spread using a strike $62.50 short put and a strike $57.50 long put offers a potential 12.87% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $62.50 by expiration. The full premium credit of $0.57 would be kept by the premium seller. The risk of $4.43 would be incurred if the stock dropped below the $57.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for ConocoPhillips is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for ConocoPhillips is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

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LATEST NEWS for ConocoPhillips

ConocoPhillips: Wall Street Ratings ahead of Q1 Earnings
Sat, 21 Apr 2018 14:32:09 +0000
As of April 19, Reuters reported 23 analysts with recommendations on COP. Of these, ~17% have “strong buy” ratings, ~52% analysts have “buy” ratings, and ~31% analysts have “hold” ratings on COP. There’s no “sell” or “strong sell” recommendation on the stock.

Will ConocoPhillips Beat 1Q18 Earnings Estimates?
Sat, 21 Apr 2018 13:02:23 +0000
In the last four quarters, ConocoPhillips (COP) beat consensus EPS (earnings per share) estimates in 2Q17 and 3Q17. However, COP missed EPS estimates in 1Q17 and met EPS estimates in 4Q17. So, in the last four quarters, COP beat consensus EPS estimates 50% of the time, missed consensus EPS estimates 25% of the time, and met consensus EPS estimates 25% of the time.

Will ConocoPhillips Report Positive Free Cash Flow in 1Q18?
Sat, 21 Apr 2018 11:33:57 +0000
Wall Street analysts expect ConocoPhillips (COP) to report ~32% higher operating cash flow year-over-year, at ~$2.4 billion in 1Q18, up from ~$1.8 billion in 1Q17. COP’s year-over-year higher estimated 1Q18 operating cash flow could be attributed to higher crude oil prices. However, on a sequential basis, COP’s estimated 1Q18 operating cash flow is ~4% lower than its ~$2.5 billion in 4Q17.

Why ConocoPhillips Expects Lower Production for 1Q18
Fri, 20 Apr 2018 21:35:02 +0000
For 1Q18, ConocoPhillips (COP) expects total production in a range of 1,180–1,220 Mboepd (thousand barrels of oil equivalent per day). On a year-over-year basis, the midpoint of ConocoPhillips’s 1Q18 production guidance range is ~24% lower than its 1Q17 production of 1,584 Mboepd. Even sequentially, ConocoPhillips’s 1Q18 production guidance is ~2% lower, compared with 4Q17 production of 1219 Mboepd. ConocoPhillips’s 1Q18 production guidance excludes production from Libya.

Analyzing ConocoPhillips’s 1Q18 Revenues Expectations
Fri, 20 Apr 2018 20:05:02 +0000
For 1Q18, Wall Street analysts expect ConocoPhillips (COP) to report revenues of ~$8.9 billion. On a year-over-year basis, COP’s 1Q18 revenue expectations are ~14% higher than its 1Q17 revenues of ~$7.8 billion. Sequentially, ConocoPhillips’s 1Q18 revenue expectations are ~2% higher than its 4Q17 revenues of ~$8.7 billion.

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