ConocoPhillips Stock Rating Reaffirmed by Guggenheim (COP)
ConocoPhillips (NYSE:COP)‘s stock had its “neutral” rating reaffirmed by Guggenheim in a research note issued on Thursday, Stock Ratings News reports. They currently have a $67.00 price target on the stock, down from their previous price target of $73.00. Guggenheim’s target price indicates a potential upside of 1.32% from the stock’s previous close.
Shares of ConocoPhillips (NYSE:COP) traded up 0.18% during mid-day trading on Thursday, hitting $66.25. 4,988,869 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’s 50-day moving average is $66.23 and its 200-day moving average is $69.43. The company has a market cap of $81.163 billion and a price-to-earnings ratio of 8.96. ConocoPhillips also was the recipient of unusually large options trading activity on Monday. Traders bought 24,211 call options on the stock. This represents an increase of approximately 280% compared to the typical volume of 6,373 call options.
ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, January 30th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.09. Analysts expect that ConocoPhillips will post $6.04 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 4.17%. The ex-dividend date is Thursday, February 13th.
A number of other analysts have also recently weighed in on COP. Analysts at TheStreet reiterated a “buy” rating on shares of ConocoPhillips in a research note on Monday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of ConocoPhillips in a research note on Friday, February 21st. They now have a $68.00 price target on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $73.73.
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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