ConocoPhillips PT Raised to $90.00 at Argus (COP)
Analysts at Argus lifted their price objective on shares of ConocoPhillips (NYSE:COP) from $80.00 to $90.00 in a research report issued to clients and investors on Monday. The firm currently has a “buy” rating on the stock. Argus’ price objective points to a potential upside of 15.30% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital raised their price target on shares of ConocoPhillips from $83.00 to $85.00 in a research note on Monday, May 5th. They now have an “outperform” rating on the stock. Separately, analysts at Bank of America reiterated an “underperform” rating on shares of ConocoPhillips in a research note on Friday, May 2nd. They now have a $77.00 price target on the stock, up previously from $75.00. Finally, analysts at Barclays raised their price target on shares of ConocoPhillips from $83.00 to $88.00 in a research note on Friday, May 2nd. They now have an “overweight” rating on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. ConocoPhillips presently has a consensus rating of “Hold” and a consensus price target of $79.73.
ConocoPhillips (NYSE:COP) opened at 78.06 on Monday. ConocoPhillips has a one year low of $58.71 and a one year high of $78.82. The stock’s 50-day moving average is $74.06 and its 200-day moving average is $70.22. The company has a market cap of $95.835 billion and a price-to-earnings ratio of 10.63.
ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, May 1st. The company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.25. During the same quarter in the previous year, the company posted $1.42 earnings per share. Analysts expect that ConocoPhillips will post $6.28 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 2nd. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 3.54%. The ex-dividend date is Wednesday, May 21st.
In other ConocoPhillips news, EVP Matthew J. Fox sold 124,631 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $78.59, for a total value of $9,794,750.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
ConocoPhillips explores for, produces, transports and markets crude oil, natural gas, natural gas liquids, liquefied natural gas and bitumen on a worldwide basis.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.