Shares of ConocoPhillips (NYSE:COP) have been given an average recommendation of “Buy” by the twenty-five research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $56.35.
COP has been the subject of several recent analyst reports. Royal Bank of Canada boosted their price objective on shares of ConocoPhillips from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Cowen set a $70.00 price target on shares of ConocoPhillips and gave the stock a “buy” rating in a research note on Thursday. Credit Suisse Group began coverage on shares of ConocoPhillips in a research note on Monday, December 11th. They issued a “neutral” rating and a $50.00 price target for the company. Morgan Stanley boosted their price target on shares of ConocoPhillips from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 18th. Finally, Howard Weil cut shares of ConocoPhillips from a “focus list” rating to an “outperform” rating and set a $58.00 price target for the company. in a research note on Friday, December 22nd.
In other ConocoPhillips news, Director Charles E. Bunch acquired 2,000 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was bought at an average price of $52.06 per share, with a total value of $104,120.00. Following the purchase, the director now owns 3,429 shares of the company’s stock, valued at $178,513.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.82% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. Financial Management Professionals Inc. raised its holdings in ConocoPhillips by 0.3% during the 2nd quarter. Financial Management Professionals Inc. now owns 2,294 shares of the energy producer’s stock valued at $100,000 after buying an additional 6 shares during the last quarter. WFG Advisors LP raised its holdings in ConocoPhillips by 0.4% during the 2nd quarter. WFG Advisors LP now owns 9,611 shares of the energy producer’s stock valued at $423,000 after buying an additional 39 shares during the last quarter. Genesee Valley Trust Co. raised its holdings in ConocoPhillips by 0.6% during the 2nd quarter. Genesee Valley Trust Co. now owns 7,095 shares of the energy producer’s stock valued at $312,000 after buying an additional 45 shares during the last quarter. Girard Partners LTD. raised its holdings in ConocoPhillips by 0.6% during the 2nd quarter. Girard Partners LTD. now owns 8,434 shares of the energy producer’s stock valued at $371,000 after buying an additional 49 shares during the last quarter. Finally, First City Capital Management Inc. raised its holdings in ConocoPhillips by 1.4% during the 2nd quarter. First City Capital Management Inc. now owns 5,459 shares of the energy producer’s stock valued at $240,000 after buying an additional 75 shares during the last quarter. 69.73% of the stock is owned by institutional investors.
Shares of ConocoPhillips (NYSE:COP) traded down $0.01 during trading hours on Tuesday, reaching $59.75. 5,040,000 shares of the company traded hands, compared to its average volume of 5,290,000. The stock has a market capitalization of $71,430.00, a PE ratio of -30.03, a P/E/G ratio of 2.59 and a beta of 1.26. ConocoPhillips has a 12 month low of $42.26 and a 12 month high of $60.24. The company has a current ratio of 2.38, a quick ratio of 2.23 and a debt-to-equity ratio of 0.64.
ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, October 26th. The energy producer reported $0.16 EPS for the quarter, beating the consensus estimate of $0.08 by $0.08. The company had revenue of $7.20 billion during the quarter, compared to analysts’ expectations of $6.55 billion. ConocoPhillips had a negative net margin of 7.32% and a positive return on equity of 0.12%. During the same quarter in the previous year, the company earned ($0.66) earnings per share. equities analysts anticipate that ConocoPhillips will post 0.57 earnings per share for the current year.
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ConocoPhillips Company Profile
ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through five segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International.
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