Tag Archives: energy
Despite mixed Q1 results, ConocoPhillips (COP) could be approaching a very significant inflection point for its operation while it continues to improve its bottom line.
ConocoPhillips, with a market cap of $71.93B, is the largest independent U.S. oil and natural gas producer. COP operates as an integrated energy company, exploring for, producing, transporting and marketing crude oil, natural gas, natural gas liquids and liquefied natural gas, globally. COP is organized into Exploration and Production, Midstream, Refining and Marketing, LUKOIL Investment, Chemicals, and Emerging Businesses segments.
For Q1, 2012, COP’s net income fell to $2.14B ($1.73 per share) from $2.94B ($2.27 per share). Excluding discontinued operations, COP earned $1.42 per share. After spinning off Phillips 66 (PSX), COP’s downstream business, in Q2, 2012, COP’s income was negatively impacted by $700M. Excluding PSX’s impact, the earnings were about the same a year ago. Total revenues fell 10% to $14.65B, from $16.08B the previous year. According to FactSet, analysts, on average, expected adjusted net income of $1.42 per share on revenue of $12.79B.
Earlier in January, the management indicated that oil and gas production may reach a low point this year as the company completes a multi-year restructuring and asset sale program. Oil and gas output from continuing operations declined to 1.56 million barrels oil equivalent ((boe)) per day from 1.58 million boe per day a year earlier.
In this article, four solar stocks with recent upgrades will be presented, including First Solar, Inc. (FSLR), Suntech Power Holdings Co. (SPWR), Suntech Power Holdings Co. (STP), and Trina Solar Limited (TSL). Fundamental comparison will also be provided for these four stocks.
First Solar, Inc.
First Solar, Inc. manufactures and sells solar modules with an advanced, proprietary thin-film semiconductor technology, and it designs, constructs, and sells photovoltaic (PV) solar power systems. FSLR was up 3.19% and closed at $25.90 on March 6, 2013. FSLR had been trading in the range of $11.43-$36.98 in the past 52 weeks. FSLR has a market cap of $2.26B with a beta of 1.57.
SunPower Corporation is a vertically integrated solar products and services company that designs, manufactures and delivers high-performance solar electric systems worldwide. SPWR was up 1.83% and closed at $12.23 on March 6, 2013. SPWR had been trading in the range of $3.71-$13.88 in the past 52 weeks. SPWR has a market cap of $1.97B.