ConocoPhillips (COP) Releases Earnings Results, Misses Expectations By $-0.18 EPS

ConocoPhillips (COP) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $-0.79 earnings per share for the quarter, missing the analyst consensus estimate by $-0.18. Analysts had a consensus of $-0.61. The company posted revenue of $5575.00 million in the period, compared to analysts expectations of $6734.50 million. The company’s revenue was down -35.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS.

Many Wall Street Analysts have commented on ConocoPhillips. JP Morgan Upgraded ConocoPhillips on Jul 11, 2016 to ” Neutral”, Price Target of the shares are set at $44.

ConocoPhillips opened for trading at $40.25 and hit $40.77 on the upside on Thursday, eventually ending the session at $40.26, with a gain of 0.47% or 0.19 points. The heightened volatility saw the trading volume jump to 1,15,25,801 shares. Company has a market cap of $49,857 M.

In a different news, on Mar 10, 2016, Arjun N Murti (director) purchased 7,500 shares at $39.24 per share price. According to the SEC, on Nov 20, 2015, Jeffrey Wayne Sheets (EVP and CFO) sold 15,746 shares at $54.00 per share price. On Aug 17, 2015, Ellen Desanctis (Vice President) purchased 7,000 shares at $49.91 per share price, according to the Form-4 filing with the securities and exchange commission.

ConocoPhillips (ConocoPhillips) is an independent exploration and production company. The Company explores for produces transports and markets crude oil bitumen natural gas liquefied natural gas (LNG) and natural gas liquids. The Company operates through six operating segments which are primarily defined by geographic region: Alaska Lower 48 Canada Europe Asia Pacific and Middle East and Other International. The Company’s continuing operations are producing in the United States Norway the United Kingdom Canada Australia Timor-Leste Indonesia China Malaysia Qatar Libya and Russia. The Company has major ownership interests in two of North America’s oil fields located on Alaska’s North Slope: Prudhoe Bay and Kuparuk.


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