Worth Watching Stocks Buzz: ConocoPhillips (NYSE:COP), Discover Financial Services (NYSE:DFS)

On Monday, Shares of ConocoPhillips (NYSE:COP), added 0.43% and closed at $44.13 in the last trading session. The last trading range of the stock ranges between $43.42 and $44.26. The company’s Market capitalization is $53.65 Billion with the total Outstanding Shares of 1.24 billion. During the 52-week trading session the minimum price at which share price traded, registered at $31.05 and reached to max level of $55.61. The EPS of company is strolling at -5.65. ConocoPhillips (COP) will hold an Analyst and Shareholder Meeting recently to outline the company’s strategy and discuss several planned actions for accelerating the company’s value proposition of a strong balance sheet, growing dividend and disciplined growth. These actions include an initial $3 billion share repurchase program and the initiation of a $5 to $8 billion divestiture program, which will focus mainly on North American natural gas. The company will also provide details on its 2017 operating plan, which further reduces capital expenditures and adjusted operating costs contrast with 2016, while delivering modest production growth.

“During the past two years, we have significantly transformed ConocoPhillips to succeed in a lower, more volatile price environment. We’ve lowered the capital intensity and breakeven price of the company, lowered the cost of supply of our investment portfolio, and created planned flexibility for future price cycles,” said Ryan Lance, chairman and chief executive officer. “We believe our plan offers a differentiated strategy within the E&P sector that is focused on free cash flow generation and improving returns to shareholders. We have positioned ConocoPhillips to deliver double-digit shareholder returns across a range of commodity prices through a combination of peer-leading shareholder distributions and high-return investments.

Shares of Discover Financial Services (NYSE:DFS), jumped 3.30% and closed at $66.70 in the last trading session. The last trading range of the stock ranges between $64.98 and $67.18. The company’s Market capitalization is $26.71 Billion with the total Outstanding Shares of 394.40 million. During the 52-week trading session the minimum price at which share price traded, registered at $42.86 and reached to max level of $67.18. The EPS of company is strolling at 5.50. Mark Graf, executive vice president and chief financial officer of Discover, will present at the J.P. Morgan FinTech & Specialty Finance Forum in New York on Wednesday, November 30, 2016, at 8:45 a.m. Eastern time.

Leave a Reply

Your email address will not be published. Required fields are marked *