ConocoPhillips Coverage Initiated by Analysts at Guggenheim (COP)
Guggenheim initiated coverage on shares of ConocoPhillips (NYSE:COP) in a research note issued on Thursday, ARN reports. The firm set a “buy” rating on the stock.
A number of other analysts have also recently weighed in on COP. Analysts at TheStreet reiterated a “positive” rating on shares of ConocoPhillips (NYSE:COP) in a research note to investors on Tuesday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of ConocoPhillips (NYSE:COP) in a research note to investors on Tuesday, September 3rd. They now have a $70.00 price target on the stock.
Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $69.22.
Shares of ConocoPhillips (NYSE:COP) traded down 0.55% during mid-day trading on Thursday, hitting $68.78. The stock had a trading volume of 3,616,344 shares. ConocoPhillips has a 52 week low of $53.95 and a 52 week high of $69.38. The stock has a 50-day moving average of $66.67 and a 200-day moving average of $62.34. The company has a market cap of $84.118 billion and a P/E ratio of 11.54.
ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, August 1st. The company reported $1.41 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.26 by $0.15. During the same quarter last year, the company posted $1.22 earnings per share. Analysts expect that ConocoPhillips will post $5.76 EPS for the current fiscal year.
In other ConocoPhillips news, SVP Janet Langford Kelly sold 26,222 shares of the stock on the open market in a transaction dated Friday, September 6th. The stock was sold at an average price of $68.40, for a total transaction of $1,793,584.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
ConocoPhillips explores for, produces, transports and markets crude oil, natural gas, natural gas liquids, liquefied natural gas and bitumen on a worldwide basis.
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