In a recent Seeking Alpha article comparing two upstream producers (see: EOG Resources Or ConocoPhillips?), there were several comments regarding Occidental Petroleum (NYSE:OXY). This article will take the winner of my first article, ConocoPhillips (NYSE:COP), and compare its valuation with that of OXY.
Before we look at some valuation metrics, it should be noted that this comparison is not exactly apples to apples. After spinning off Phillips 66 (NYSE:PSX) in 2012, ConocoPhillips is now a pure international upstream producer. Occidental is also an international upstream producer, but OXY also has significant chemical and midstream operations.
The following chart compares some relevant valuation metrics of the two companies:
OXY Vs. COP – Relative Metrics
OXY COP Share Price $72.11 $51.82 Market Cap. $54.9 Billion $64.2 Billion Debt $11.5 Billion $28.7 Billion Cash $3.2 Billion $4.3 Billion Net Debt $8.3 Billion $24.4 Billion Net Debt-to-Cap 24% 44% Net Debt/share $10.87/share $19.60/share Enterprise Value $63.2 Billion $92.9 Production 605,000 boe/d 1,577,000 boe/d % Production Crude & Condensate 61% 49%* Dividend (Yield) $3.04 (4.2%) $1.00 (1.9%) Proved Reserves 2.2 Billion boe 8.2 Billion boe Proved Reserves/share 2.9 boe/share 6.6 boe/share Click to enlarge
Source: Yahoo Finance, Q3 EPS reports (OXY, COP), Latest Reserves Report (OXY, COP). *Crude+Bitumen
Top Dividend Stocks For 2018: Polo Ralph Lauren Corporation(RL)
- [By WWW.THESTREET.COM]
The sidewalks outside stores like Armani, Dolce & Gabanna, Ralph Lauren (RL) , Gap (GPS) , Prada, Abercrombie & Fitch (AF) , Microsoft (MSFT) and Harry Winston are now lined with metal barricades. The strip commands some of the highest retail rents in the world, with the average annual rent being $3500 per square foot.
- [By Ben Levisohn]
Hanesbrands was just one of many retail companies that got shellacked this week. Under Armour (UAA) tumbled 29% after missing earnings forecasts and cutting its guidance, while Deckers Outdoor (DECK) plunged 21% after its earnings missed the Street consensus, and Ralph Lauren (RL) plummeted 13% after its CEO stepped down.
- [By Casey Wilson]
Ralph Lauren Corp. (NYSE: RL) just became the latest company to fall victim to the “Retail Ice Age.”
The 50-year-old American icon announced it shuttered its flagship store at Fifth Avenue and 55th Street in New York City on Tuesday (April 4). It will also close 50 other retail locations by the end of the fiscal year.
- [By Casey Wilson]
Amazon has been a growing pain in the neck for low-price retailers like Wal-Mart Stores Inc. (NYSE:WMT) for some time, but even high-end specialty stores like Ralph Lauren Corp. (NYSE: RL) have struggled now that Amazon has crept into their sector.
Top Dividend Stocks For 2018: Investors Real Estate Trust(IRET)
- [By Monica Gerson]
General Mills, Inc. (NYSE: GIS) is expected to report its quarterly earnings at $0.60 per share on revenue of $3.86 billion.
Pier 1 Imports Inc (NYSE: PIR) is projected to post a quarterly loss at $0.05 per share on revenue of $420.05 million.
Acuity Brands, Inc. (NYSE: AYI) is estimated to report its quarterly earnings at $2.03 per share on revenue of $847.79 million.
Monsanto Company (NYSE: MON) is projected to report its quarterly earnings at $2.40 per share on revenue of $4.49 billion.
Worthington Industries, Inc. (NYSE: WOR) is expected to report its quarterly earnings at $0.64 per share on revenue of $692.48 million.
Progress Software Corporation (NASDAQ: PRGS) is projected to post its quarterly earnings at $0.29 per share on revenue of $94.64 million.
UniFirst Corp (NYSE: UNF) is estimated to report its quarterly earnings at $1.34 per share on revenue of $366.28 million.
Exfo Inc (NASDAQ: EXFO) is expected to post its quarterly earnings at $0.06 per share on revenue of $60.87 million.
OMNOVA Solutions Inc. (NYSE: OMN) is projected to report its quarterly earnings at $0.14 per share on revenue of $205.40 million.
8Point3 Energy Partners LP (NASDAQ: CAFD) is estimated to post a quarterly loss at $0.01 per share on revenue of $11.60 million.
Park Electrochemical Corp. (NYSE: PKE) is expected to report its quarterly earnings at $0.22 per share on revenue of $35.30 million.
Xplore Technologies Corp. (NASDAQ: XPLR) is projected to post its quarterly earnings at $0.01 per share on revenue of $24.00 million.
Investors Real Estate Trust (NYSE: IRET) is expected to post its quarterly earnings at $0.14 per share on revenue of $56.87 million.
Tel-Instrument Electronics Corp. (NYSE: TIK) is estimated to post earnings for the latest quarter.
Aethlon Medical, Inc. (NASDAQ: AEMD) is expected to post a quarterly loss at $0.20 per share.
Ossen Innovation Co Ltd (ADR) (NASDAQ: OSN) is projected to post ea
Top Dividend Stocks For 2018: Reynolds American Inc(RAI)
- [By Rich Duprey, Demitrios Kalogeropoulos, and Brian Feroldi]
It remains true that the tobacco industry will continue coming under pressure from anti-smoking activists, politicians, and regulators who seek to stub out cigarettes further by raising taxes on smokes, but companies such as Altria and Reynolds American (NYSE:RAI) are largely able to offset their impact on profits by raising prices. The ability to command such pricing power without an overly large loss of customers obviously speaks to the addictive qualities of smoking but is also an otherwise enviable position to be in.
- [By Leo Sun]
With interest rates set to rise this year, many dividend investors are likely worried that their stocks will slip as bond yields become more attractive. While some dividend stocks will inevitably decline, investors can still find some low-risk income plays that have high yields and cheap valuations. Let’s take a look at three such stocks — AT&T (NYSE:T), Cisco Systems (NASDAQ:CSCO), and Reynolds American (NYSE:RAI).
- [By Ben Levisohn]
Just before 1pm today, shares of Reynolds American (RAI) took a sudden nosedive on reports that its merger with British American Tobacco (BTI) had “hit a snag” according to StreetInsider.com. Cowen’s Vivien Azer and team still think a deal gets done:
Street Insider is reporting that BATS’ acquisition of RAI has “hit a snag,” and that “a potential transaction may be less likely near-term.” We view this source as less credible (vs. a WSJ or CNBC), in particular given the scant level of detail. While the delay in a consummated deal has extended longer than we thought, we still view the deal as likely (85% probability).
Shares of Reynolds American have dropped 1.3% to $55.47 at 2:26 p.m. today, while British American Tobacco has declined 0.2% to $112.71. Shares of Philip Morris International (PM), which could be interested in an acquisition of Altria Group (MO), have fallen 1% to$90.28 after getting cut toNeutral from Buy at BofA Merrill Lynch, while Altria has risen 0.5% to$67.94 after getting upgraded to Buy from Neutral at Merrill.
Top Dividend Stocks For 2018: ConocoPhillips(COP)
- [By Matthew DiLallo]
Meanwhile, ConocoPhillips (NYSE:COP) also abandoned its leases in the Chukchi Sea earlier this year. It paid $506 million for the 98 leases off Alaska’s northern coast in 2008 and had plans to drill its first exploratory well in 2014 but dropped those ambitions due to regulatory uncertainty. It has also since decided to exit deepwater exploration altogether after drilling a string of dry holes in the Gulf of Mexico, offshore Angola, and the Canadian Atlantic, Instead, ConocoPhillips plans to focus its future development efforts on lower-risk onshore shale development.
- [By Spencer Israel]
And these were the most popular sells:
Bristol-Myers Squibb Co(NYSE: BMY)
Pfizer Inc. (NYSE: PFE)
Gilead Sciences, Inc. (NASDAQ: GILD)
ConocoPhillips (NYSE: COP)
Chevron Corporation (NYSE: CVX)
The following chart shows the IMX performance since it's inception at the end of 2012. You can see how it's generally correlated to the broader equities market.
- [By WWW.THESTREET.COM]
The contract awards are for the jack-ups West Elara and West Linus with ConocoPhillips Skandinavia AS (COP) for work in the Greater Ekofisk area. The total additional backlog for the new contract awards is estimated to be about $1.4 billion, excluding performance bonuses.
- [By Chris Dier-Scalise]
Among the brands being sold were Alcoa Corporation (NYSE: AA) and Ford Motor Company(NYSE: F), which both paid out dividends in December. The financial and oil sectors also experienced a sell-off to finish 2016. Wells Fargo & Co (NYSE: WFC) and Citigroup Inc (NYSE: C) were net sold as each reached new year-to-date highs and investors unloaded ConocoPhillips (NYSE: COP) and Chevron Corporation (NYSE: CVX) as their prices normalized with the rise in the price of oil.
- [By Shanthi Rexaline]
Smaller brethren ConocoPhillips (NYSE: COP) reported an adjusted loss of $0.14 per share compared to the break-even result the Street was forecasting. However, the loss narrowed notably from the $0.95 per share loss reported a year ago.