Stock Market News

Roth/MKM maintains Buy rating on ConocoPhillips stock with $122 target

2024.02.08 16:13


© Reuters

On Thursday, Roth/MKM affirmed its Buy rating and $122.00 worth target for ConocoPhillips (NYSE:), a number one power company. The agency’s stance is predicated on a number of key strengths of the corporate, together with a stable monetary basis, a broad vary of belongings, steady manufacturing with decrease declines, and a monitor report of development. Additionally, ConocoPhillips has been acknowledged for its substantial capital returns to shareholders, which surpass 30% of its money stream from operations.

The power firm’s monetary well being is highlighted as a big issue within the rating choice. ConocoPhillips’ robust steadiness sheet offers a degree of safety and adaptability, permitting the corporate to navigate via varied market circumstances successfully. This monetary robustness is an important consideration for traders on the lookout for steady investments within the power sector.

“We rate COP a Buy due to its strong balance sheet, diversified assets, lower base production declines, consistent production growth, and robust returns of capital to shareholders which exceed 30% of cash flow from operations,” stated Roth/MKM.

InvestingPro Insights

In line with Roth/MKM’s optimistic outlook on ConocoPhillips (NYSE:COP), InvestingPro knowledge reinforces the corporate’s monetary stability and potential for investor returns. With a market capitalization of $135.21 billion and a P/E ratio that stands at an inexpensive 12.48, ConocoPhillips showcases a steadiness between dimension and valuation. The firm’s dividend yield is notably enticing at 4.29%, underlining its dedication to returning worth to shareholders—a degree that aligns with Roth/MKM’s emphasis on capital returns.

InvestingPro Tips reveal that ConocoPhillips has maintained dividend funds for 53 consecutive years, demonstrating a dependable monitor report for income-focused traders. Moreover, the corporate is acknowledged as a outstanding participant within the Oil, Gas & Consumable Fuels business, which suggests a degree of stability and experience in its core enterprise operations. For these all for additional insights, there are extra InvestingPro Tips obtainable, offering a deeper dive into ConocoPhillips’ monetary well being and market efficiency.

Subscribers to InvestingPro+ can entry these extra suggestions and use the coupon code SFY24 to get an extra 10% off a 2-year subscription, or SFY241 to get an extra 10% off a 1-year subscription, including much more worth to their funding analysis toolkit.

This article was generated with the assist of AI and reviewed by an editor. For extra data see our T&C.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 60,520.22 6.65%
ethereum
Ethereum (ETH) $ 3,326.43 2.39%
tether
Tether (USDT) $ 1.00 0.00%
bnb
BNB (BNB) $ 410.04 3.59%
solana
Solana (SOL) $ 116.16 6.60%
staked-ether
Lido Staked Ether (STETH) $ 3,319.57 2.25%
xrp
XRP (XRP) $ 0.572487 1.81%
usd-coin
USDC (USDC) $ 0.999858 0.06%
cardano
Cardano (ADA) $ 0.626876 0.22%
dogecoin
Dogecoin (DOGE) $ 0.114521 17.09%
avalanche-2
Avalanche (AVAX) $ 40.11 2.00%
tron
TRON (TRX) $ 0.142044 0.64%
chainlink
Chainlink (LINK) $ 19.18 0.46%
polkadot
Polkadot (DOT) $ 8.22 1.18%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 60,453.20 6.68%
matic-network
Polygon (MATIC) $ 1.00 3.03%
the-open-network
Toncoin (TON) $ 2.48 14.93%
uniswap
Uniswap (UNI) $ 10.85 0.66%
shiba-inu
Shiba Inu (SHIB) $ 0.000011 4.49%
bitcoin-cash
Bitcoin Cash (BCH) $ 295.98 0.56%
internet-computer
Internet Computer (ICP) $ 12.40 4.25%
litecoin
Litecoin (LTC) $ 73.95 0.53%
dai
Dai (DAI) $ 0.999901 0.02%
immutable-x
Immutable (IMX) $ 3.38 0.47%
aptos
Aptos (APT) $ 12.31 23.93%
blockstack
Stacks (STX) $ 3.05 5.45%
cosmos
Cosmos Hub (ATOM) $ 11.31 0.50%
ethereum-classic
Ethereum Classic (ETC) $ 29.10 3.46%
near
NEAR Protocol (NEAR) $ 3.89 2.42%
kaspa
Kaspa (KAS) $ 0.172426 2.27%
leo-token
LEO Token (LEO) $ 4.21 3.04%
filecoin
Filecoin (FIL) $ 7.49 2.52%
hedera-hashgraph
Hedera (HBAR) $ 0.113431 4.33%
bittensor
Bittensor (TAO) $ 601.07 2.63%
injective-protocol
Injective (INJ) $ 41.51 4.70%
vechain
VeChain (VET) $ 0.049253 1.12%
optimism
Optimism (OP) $ 3.71 0.19%
stellar
Stellar (XLM) $ 0.120251 1.69%
first-digital-usd
First Digital USD (FDUSD) $ 0.998186 0.09%
okb
OKB (OKB) $ 52.09 1.38%
lido-dao
Lido DAO (LDO) $ 3.38 3.08%
mantle
Mantle (MNT) $ 0.927417 3.05%
render-token
Render (RNDR) $ 7.69 4.72%
crypto-com-chain
Cronos (CRO) $ 0.103039 0.21%
the-graph
The Graph (GRT) $ 0.289965 2.76%
celestia
Celestia (TIA) $ 16.27 4.82%
monero
Monero (XMR) $ 133.89 3.34%
arbitrum
Arbitrum (ARB) $ 1.89 0.26%
sei-network
Sei (SEI) $ 0.85888 5.75%
rocket-pool-eth
Rocket Pool ETH (RETH) $ 3,656.90 2.24%