ConocoPhillips Stock Rating Reaffirmed by TheStreet (COP)
ConocoPhillips (NYSE:COP)‘s stock had its “buy” rating reaffirmed by investment analysts at TheStreet in a note issued to investors on Tuesday, Analyst Ratings News reports.
The analysts wrote, “ConocoPhillips (COP) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its increase in net income, expanding profit margins, good cash flow from operations and increase in stock price during the past year. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.”
Shares of ConocoPhillips (NYSE:COP) opened at 64.66 on Tuesday. ConocoPhillips has a 52-week low of $56.38 and a 52-week high of $74.59. The stock’s 50-day moving average is $67.66 and its 200-day moving average is $69.49. The company has a market cap of $79.215 billion and a price-to-earnings ratio of 8.75.
ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, January 30th. The company reported $1.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.31 by $0.09. Analysts expect that ConocoPhillips will post $6.02 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend is Thursday, February 13th.
A number of other analysts have also recently weighed in on COP. Analysts at Howard Weil cut their price target on shares of ConocoPhillips to $73.00 in a research note on Friday, January 31st. Separately, analysts at Cowen and Company cut their price target on shares of ConocoPhillips from $79.00 to $72.00 in a research note on Friday, January 31st. Finally, analysts at Guggenheim downgraded shares of ConocoPhillips from a “buy” rating to a “neutral” rating in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. ConocoPhillips currently has an average rating of “Buy” and an average price target of $74.57.
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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