
NYSE:COP
This summary was created by AI, based on 3 opinions in the last 12 months.
The reviews on ConocoPhillips (COP) present varied perspectives on the company's outlook in the context of the current oil market conditions. One expert views the stock as reasonably valued with stable assets but suggests avoiding it due to its lack of distinction among U.S. oil companies. Another expert expressed concerns about the impact of recent geopolitical events on oil prices and cautioned against investing in energy stocks until market dynamics stabilize. Conversely, a third expert expressed a favorable opinion of COP, indicating that despite a general downturn in oil companies since the peak in early spring, they see potential in this particular stock. Overall, while sentiment around COP varies, the prevailing trend suggests caution in the current energy sector climate.
2016 was the year management would like to forget. They were caught with their pants down when oil prices collapsed in Jan/Feb 2016, to the point where they had to cut their dividend. They went back to the drawing board. Had an analyst’s day at the end of 2016, where they said they were going to sell $5-$8 billion of assets in 2017. They sold over $13 billion of assets already, and have used that to repair the balance sheet. They’re buying back stock. Thinks they are positioning the company in a position of strength in an environment in the energy sector, which is going to continue to be volatile. Dividend yield of 2.1%. (Analysts’ price target is $53.)