ConocoPhillips Rating Reiterated by TheStreet (COP)
ConocoPhillips (NYSE: COP)‘s stock had its “buy” rating restated by equities researchers at TheStreet in a report issued on Tuesday.
The analysts wrote, “ConocoPhillips (COP) has been reiterated by TheStreet Ratings as a buy with a ratings score of A- . The company’s strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, expanding profit margins, notable return on equity and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
Shares of ConocoPhillips (NYSE: COP) traded up 1.11% during mid-day trading on Tuesday, hitting $59.97. ConocoPhillips has a 52 week low of $50.62 and a 52 week high of $77.81. The stock’s 50-day moving average is currently $58.33. The company has a market cap of $73.223 billion and a P/E ratio of 8.82.
ConocoPhillips (NYSE: COP) last posted its quarterly earnings results on Wednesday, January 30th. The company reported $1.43 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.43. The company had revenue of $15.40 billion for the quarter, compared to the consensus estimate of $13.22 billion. Analysts expect that ConocoPhillips will post $5.50 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase raised their price target on shares of ConocoPhillips to $70.00 in a research note to investors on Friday, March 1st. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of ConocoPhillips in a research note to investors on Friday, March 1st. They now have a $70.00 price target on the stock, up previously from $65.00. Finally, analysts at Barclays Capital reiterated an “equal weight” rating on shares of ConocoPhillips in a research note to investors on Friday, March 1st. They now have a $62.00 price target on the stock.
Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $64.94.
ConocoPhillips is an international integrated energy company. The Company’s segments include Exploration and Production (NYSE: COP), which primarily explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas and natural gas liquids on a worldwide basis; Midstream, which gathers, processes and markets natural gas produced by ConocoPhillips and others, and fractionates and markets natural gas liquids, predominantly in the United States and Trinidad; Refining and Marketing (R&M), which purchases, refines, markets and transports crude oil and petroleum products, mainly in the United States, Europe and Asia; Chemicals, which manufactures and markets petrochemicals and plastics on a worldwide basis, and Emerging Businesses, which represents its investment in new technologies or businesses outside the Company’s normal scope of operations.
To view TheStreet’s full report, visit www.thestreetratings.com
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