ConocoPhillips Upgraded to Market Perform at Raymond James (COP)
ConocoPhillips (NYSE:COP) was upgraded by equities researchers at Raymond James from an “underperform” rating to a “market perform” rating in a research report issued on Monday, TheFlyOnTheWall.com reports.
ConocoPhillips (NYSE:COP) traded up 0.43% during mid-day trading on Monday, hitting $70.26. 4,433,936 shares of the company’s stock traded hands. ConocoPhillips has a 52 week low of $56.38 and a 52 week high of $74.59. The stock has a 50-day moving average of $71.00 and a 200-day moving average of $68.70. The company has a market cap of $86.075 billion and a price-to-earnings ratio of 10.71.
ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.01. During the same quarter in the previous year, the company posted $1.44 earnings per share. On average, analysts predict that ConocoPhillips will post $5.85 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet reiterated a “positive” rating on shares of ConocoPhillips in a research note to investors on Friday. Separately, analysts at Goldman Sachs Group Inc. cut their price target on shares of ConocoPhillips from $78.00 to $77.00 in a research note to investors on Monday, December 16th. They now have a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $74.52.
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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