ConocoPhillips PT Raised to $95.00 (COP)
Equities research analysts at Citigroup Inc. raised their price target on shares of ConocoPhillips (NYSE:COP) from $85.00 to $95.00 in a research note issued to investors on Friday. Citigroup Inc.’s price objective points to a potential upside of 18.68% from the company’s current price.
Shares of ConocoPhillips (NYSE:COP) traded up 1.07% on Friday, hitting $80.91. The stock had a trading volume of 1,390,239 shares. ConocoPhillips has a 52-week low of $58.71 and a 52-week high of $80.55. The stock has a 50-day moving average of $77.34 and a 200-day moving average of $70.76. The company has a market cap of $99.334 billion and a P/E ratio of 10.89.
ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, May 1st. The company reported $1.81 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.56 by $0.25. During the same quarter in the prior 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.
A number of other firms have also recently commented on COP. Analysts at Oppenheimer raised their price target on shares of ConocoPhillips from $85.00 to $90.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. One 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 company. The stock has a consensus rating of “Hold” and a consensus price target of $83.06.
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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