ConocoPhillips Sees Unusually Large Options Volume (COP)
ConocoPhillips (NYSE:COP) was the target of unusually large options trading activity on Wednesday. Stock traders purchased 23,313 call options on the company, StockRatingsNetwork.com reports. This represents an increase of 619% compared to the average daily volume of 3,241 call options.
Several analysts have recently commented on the stock. 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 analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. ConocoPhillips currently has a consensus rating of “Buy” and an average target price of $71.08.
ConocoPhillips (NYSE:COP) opened at 69.77 on Thursday. ConocoPhillips has a one year low of $53.95 and a one year high of $71.18. The stock has a 50-day moving average of $68.77 and a 200-day moving average of $63.99. The company has a market cap of $85.329 billion and a price-to-earnings ratio of 11.52.
ConocoPhillips (NYSE:COP) last released its earnings data 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 previous 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 announced a quarterly dividend, which is scheduled for Monday, December 2nd. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 3.96%. The ex-dividend date is Thursday, October 10th.
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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