ConocoPhillips Given New $90.00 Price Target at Oppenheimer (COP)
Stock analysts at Oppenheimer upped their price objective on shares of ConocoPhillips (NYSE:COP) from $85.00 to $90.00 in a report issued on Friday. Oppenheimer’s target price points to a potential upside of 12.43% from the stock’s previous close.
Shares of ConocoPhillips (NYSE:COP) opened at 80.05 on Friday. ConocoPhillips has a 1-year low of $58.71 and a 1-year high of $80.55. The stock’s 50-day moving average is $77.34 and its 200-day moving average is $70.76. The company has a market cap of $98.278 billion and a price-to-earnings ratio of 10.86.
ConocoPhillips (NYSE:COP) last released its earnings data on Thursday, May 1st. The company reported $1.81 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.56 by $0.25. During the same quarter last year, the company posted $1.42 earnings per share. On average, analysts predict that ConocoPhillips will post $6.39 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Societe Generale raised their price target on shares of ConocoPhillips from $79.00 to $90.00 in a research note on Wednesday, May 28th. Separately, analysts at Guggenheim upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 28th. They now have a $90.00 price target on the stock, up previously from $82.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of ConocoPhillips in a research note on Wednesday, May 21st. They now have a $82.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. ConocoPhillips currently has an average rating of “Hold” and an average price target of $83.38.
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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