ConocoPhillips (NYSE:COP) Drops on Earnings Results – BP, CVX, TOT, AA, VALE, FCX, NEM, ACI

ConocoPhillips (NYSE:COP) announced Monday its Q1 profit dropped to $2.94 billion, or $2.27 per share, against $3.03 billion, or $2.09 per share, in the year-earlier period.
Not including one-time items, the oil company’s earnings increased to $2.02 a share against $1.82 per share. Production dropped to 1.64 million barrels of oil equivalent a day, lower by 65,000 barrels a day.

Wall Street analysts projected the firm to earn $2.08 per share, with production of 1.59 million barrels of oil equivalent a day, in accordance with a poll by FactSet Research. During the three months, production from Libya restarted, with average production of 36,000 barrels per day.

Its competitors include BP plc (ADR) (NYSE:BP) that slipped -1.29% to $41.45 with the total traded volume of 2.42 million shares and Chevron Corporation (NYSE:CVX) that dropped -1.07% to $101.42 with the total traded volume of 1.23 million shares.

Other Basic Materials stocks with bearish trend include TOTAL S.A. (ADR) (NYSE:TOT) down -3.09% to $46.66, Alcoa Inc. (NYSE:AA) down -1.96% to $19.51, Vale (ADR) (NYSE:VALE) down -2.87% to $22.32, Freeport-McMoRan Copper & Gold Inc.
(NYSE:FCX) down -3.54% to $36.24, Newmont Mining Corporation (NYSE:NEM) down -3.01% to $45.83 and Arch Coal Inc (NYSE:ACI) down -0.85% to $9.32.

ConocoPhillips (NYSE:COP) after opening at $71.74 hit high price of $72.37 and then trading at $72.27 by plunging -0.84% at 10:48AM EDT and on current session volume of 2.19 million shares is surprisingly lower than its average volume of 7.95 million shares.
The stock price volatility was 1.09% for a week and 1.44% for a month as well as price volatility’s Average True Range for 14 days was 1.11 and its beta remained 1.14.

The liquidity measure in recent quarter results of the company was recorded 1.08 as current ratio and on the other side the debt to equity ratio was 0.35 and long-term debt to equity ratio also remained 0.33. The Company had total cash at hand $6.36 billion and a book value per share as $50.73 in the most recent quarter.

COP generated revenue of 251.23 billion in the following twelve months and earned $12.44 billion. The Company showed a positive 4.98% in the net profit margin and as well as in its operating margin which remained 9.16%. Company’s annual sales growth for the past five year was 5.91%.

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