ConocoPhillips PT Raised to $79.00 (COP)
Societe Generale upped their price objective on shares of ConocoPhillips (NYSE:COP) from $68.00 to $79.00 in a research note issued on Wednesday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Societe Generale’s price target points to a potential upside of 12.28% from the stock’s previous close.
ConocoPhillips (NYSE:COP) traded up 0.46% during mid-day trading on Wednesday, hitting $70.36. The stock had a trading volume of 5,022,403 shares. ConocoPhillips has a 1-year low of $53.95 and a 1-year high of $71.09. The stock’s 50-day moving average is $68.30 and its 200-day moving average is $63.62. The company has a market cap of $86.051 billion and a price-to-earnings ratio of 11.68.
ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, August 1st. The company reported $1.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.26 by $0.15. During the same quarter in the prior year, the company posted $1.22 earnings per share. Analysts expect that ConocoPhillips will post $5.89 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet reiterated a “buy” rating on shares of ConocoPhillips (NYSE:COP) in a research note to investors on Tuesday, September 24th. Separately, analysts at Argus raised their price target on shares of ConocoPhillips (NYSE:COP) from $72.00 to $77.00 in a research note to investors on Monday, September 23rd. They now have a “buy” rating on the stock. Finally, 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. Two 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 issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $71.08.
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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