ConocoPhillips-Marathon Synergy Will Boost Free Cash Flow And Stock Buyback: Analyst
ConocoPhillips-Marathon Synergy Will Boost Free Cash Flow And Stock Buyback: Analyst
Analysts expressed views on ConocoPhillips' (NYSE:COP) mixed third-quarter results.
分析師對康菲石油（紐交所：COP）第三季度的業績表現出不同看法。
On Thursday, ConocoPhillips reported an adjusted EPS of $1.78, beating estimates; revenue of $13.6 billion vs. $14 billion expected.
週四，康菲石油報告調整後每股收益爲1.78美元，超出預期；營業收入爲136億美元，預期爲140億美元。
The company boosted its quarterly dividend by 34% to $0.78/share. The company raised the outlook for FY24 production to 1.94-1.95 MMBOED (from 1.93 to 1.94 MMBOED).
該公司將季度股息提高了34%，至0.78美元/股。該公司將FY24年產量展望提高至1.94-1.95 MMBOED（從1.93到1.94 MMBOED）。
Truist Securities analyst Neal Dingmann expects pro forma FCF to rise substantially due to strong organic performance and additional cash flow from Marathon Oil. The analyst reiterated the Buy rating and $138 price target on COP.
Truist證券分析師Neal Dingmann預計，由於強勁的有機業績和來自馬拉松石油的額外現金流，Pro Forma FCF將大幅增長。該分析師重申了對COP的買入評級和138美元的目標價。
With stable prices, ConocoPhillips could potentially repurchase nearly all shares issued to MRO within 6-7 quarters, assuming the dividend remains steady and debt repayment is deprioritized, given the company's strong balance sheet, adds the analyst.
在穩定的價格下，康菲石油有望在6-7個季度內回購幾乎所有已發行給MRO的股份，假設股息保持穩定且債務償還受到次要優先考慮，鑑於公司強勁的資產負債表，分析師補充道。
The analyst says that ConocoPhillips' FCF is anticipated to be driven by a balanced portfolio, including Lower 48 activities, LNG projects, and Alaskan operations.
分析師表示，康菲石油的FCF料將受到平衡組合的推動，包括Lower 48項目、LNG項目和阿拉斯加運營。
Dingmann revised EBITDAX estimates to $24.988 billion (from $24.719 billion) vs. consensus of $24.443 billion for 2024 and $33.208 billion (from $33.745 billion) vs. estimate of $27.939 billion for 2025.
Dingmann將2024年EBITDAX預估修訂爲249.88億美元（從247.19億美元），而共識爲244.43億美元；2025年爲332.08億美元（從337.45億美元），而估計爲279.39億美元。
Scotiabank analyst Paul Y.Cheng expects ConocoPhillips' (Sector Perform, $115 price target) third-quarter 2024 results to positively influence its near-term share price performance.
Scotiabank分析師Paul Y. Cheng預計，康菲石油（板塊表現，115美元目標價）2024年第三季度的業績將對其近期股價表現產生積極影響。
The analyst estimates adjusted EPS of $7.40 and EBITDA of $22.912 billion in 2024.
分析師預計2024年調整後每股收益爲7.40美元，EBITDA爲229.12億美元。
Investors can gain exposure to the COP stock via Texas Capital Funds Trust Texas Capital Texas Oil Index ETF (NYSE:OILT) and IShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO).
投資者可以通過Texas Capital Funds Trust Texas Capital Texas Oil Index ETF（紐交所：OILT）和iShares美國石油和天然氣勘探開發ETF（BATS：IEO）獲得對COP股票的暴露。
Price Action: COP shares are down 1.66% at $107.71 at the last check Thursday.
股價走勢：康菲石油股票在上週四最後一次檢查時下跌1.66%，報107.71美元。
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