ConocoPhillips Price Target Cut to $73.00 (COP)
Equities research analysts at Howard Weil dropped their price target on shares of ConocoPhillips (NYSE:COP) to $73.00 in a research note issued to investors on Friday, AnalystRatingsNetwork reports. Howard Weil’s target price would indicate a potential upside of 11.03% from the stock’s previous close.
COP has been the subject of a number of other recent research reports. Analysts at Cowen and Company cut their price target on shares of ConocoPhillips from $79.00 to $72.00 in a research note to investors on Friday. Separately, analysts at TheStreet reiterated a “positive” rating on shares of ConocoPhillips in a research note to investors on Wednesday. Finally, analysts at Guggenheim downgraded shares of ConocoPhillips from a “buy” rating to a “neutral” rating in a research note to investors on Monday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $73.82.
ConocoPhillips (NYSE:COP) traded down 0.83% on Friday, hitting $65.206. 2,914,188 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 $68.7 and a 200-day moving average of $69.50. The company has a market cap of $79.884 billion and a price-to-earnings ratio of 10.06.
ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, January 30th. The company reported $1.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.31 by $0.09. Analysts expect that ConocoPhillips will post $5.73 EPS 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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