ConocoPhillips PT Raised to $77.00 (COP)
Equities researchers at Argus lifted their price objective on shares of ConocoPhillips (NYSE:COP) from $72.00 to $77.00 in a research report issued on Monday, Stock Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Argus’ target price suggests a potential upside of 8.45% from the company’s current price.
A number of other analysts have also recently weighed in on COP. Analysts at Guggenheim initiated coverage on shares of ConocoPhillips (NYSE:COP) in a research note to investors on Thursday, September 12th. They set a “buy” rating and a $83.00 price target on the stock. Separately, analysts at TheStreet reiterated a “positive” rating on shares of ConocoPhillips (NYSE:COP) in a research note to investors on Tuesday, September 10th. Finally, 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 investment analysts have rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $70.39.
Shares of ConocoPhillips (NYSE:COP) traded down 0.62% during mid-day trading on Monday, hitting $70.56. The stock had a trading volume of 4,055,098 shares. ConocoPhillips has a 52-week low of $53.95 and a 52-week high of $71.09. The stock’s 50-day moving average is $67.57 and its 200-day moving average is $62.91. The company has a market cap of $86.295 billion and a price-to-earnings ratio of 11.84.
ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, August 1st. The company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.15. During the same quarter in the prior year, the company posted $1.22 earnings per share. On average, analysts predict that ConocoPhillips will post $5.82 earnings per share for the current fiscal year.
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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