ConocoPhillips Reaches New 12-Month High at $71.18 (COP)
ConocoPhillips (NYSE:COP)’s share price reached a new 52-week high on Monday, American Banking & Market News reports. The company traded as high as $71.18 and last traded at $71.12, with a volume of 2,937,712 shares traded. The stock had previously closed at $70.97.
A number of research firms have recently commented on COP. Analysts at TheStreet reiterated a “buy” rating on shares of ConocoPhillips in a research note to investors on Monday. Separately, analysts at Argus reiterated a “buy” rating on shares of ConocoPhillips in a research note to investors on Wednesday, October 2nd. They now have a $77.00 price target on the stock. Finally, analysts at Societe Generale raised their price target on shares of ConocoPhillips from $68.00 to $79.00 in a research note to investors on Wednesday, October 2nd. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. ConocoPhillips presently has a consensus rating of “Buy” and an average target price of $71.08.
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 $68.52 and its 200-day moving average is $63.75. The company has a market cap of $86.931 billion and a P/E 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 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. On average, analysts predict that ConocoPhillips will post $5.89 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 2nd. Investors of record on Tuesday, October 15th will be given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 3.89%.
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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