ConocoPhillips PT Raised to $75.00 at Howard Weil (COP)
Equities research analysts at Howard Weil lifted their price objective on shares of ConocoPhillips (NYSE:COP) from $73.00 to $75.00 in a research note issued to investors on Wednesday, AnalystRatings.Net reports. The firm currently has a “hold” rating on the stock. Howard Weil’s target price points to a potential upside of 2.82% from the company’s current price.
A number of other analysts have also recently weighed in on COP. Analysts at Oppenheimer raised their price target on shares of ConocoPhillips from $80.00 to $85.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at Guggenheim raised their price target on shares of ConocoPhillips from $67.00 to $73.00 in a research note on Friday, April 11th. Finally, analysts at Morgan Stanley upgraded shares of ConocoPhillips from an “underweight” rating to an “equal weight” rating in a research note on Friday, April 11th. They now have a $85.00 price target on the stock, up previously from $69.00. Two analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $75.88.
Shares of ConocoPhillips (NYSE:COP) traded up 0.71% on Wednesday, hitting $73.46. The stock had a trading volume of 2,136,582 shares. ConocoPhillips has a one year low of $56.38 and a one year high of $74.59. The stock has a 50-day moving average of $68.35 and a 200-day moving average of $69.53. The company has a market cap of $90.070 billion and a P/E ratio of 9.88.
ConocoPhillips (NYSE:COP) last released its 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 $6.12 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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