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Market Update: ConocoPhillips (NYSE:COP) – BP charters foreign-flagged vessel to transport ANS crude

[Reuters] – British oil company BP Plc has chartered a foreign-flagged vessel to transport Alaskan crude, the company said on Monday, the latest sign that producers of Alaskan North Slope, or ANS, crude are eyeing new markets. ANS is mostly transported to the U.S. West Coast on U.S.-flagged vessels owned by BP, ConocoPhillips and Exxon Mobil. BP spokeswoman Dawn Patience said in an email that the company had chartered Tianlong Spirit, a Bahamas-flagged Suezmax vessel, for commercial and operational reasons. Read more on this. , valued at $recting to http://finance.ya, finished at $. During today’s session, COP traded between $ and has traded between $ over the past year. COP shares are currently priced at x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s x earnings multiple. According to a consensus of 0 analysts, the earnings estimate of $ per share would be $0.00 worse than the year-ago quarter and a $0.00 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $ is a $0.00 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $0.00 . If realized, that would be a 0.00% decrease over the year-ago quarter. Recently, d COP from to (/fi). Previously, d COP from to . The average price target for COP shares by the analysts covering the stock is $, which is 0.00% below where the stock opened this morning. See more in (NYSE:COP) Similar Articles: Company Update (NYSE:COP): ConocoPhillips Announces Intended Sale of Exploration Blocks Offshore Senegal Stock Update: ConocoPhillips (NYSE:COP) – ConocoPhillips Reports First-Quarter 2016 Results; Announces Revised 2016 Capital Expenditures Guidance Market Update: ConocoPhillips (NYSE:COP) – Technical Briefing on Independent Oil & Gas Stocks — ConocoPhillips, Anadarko Petroleum, CONSOL Energy, and WPX Energy
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