ConocoPhillips Coverage Initiated by Analysts at Deutsche Bank (COP)
Analysts at Deutsche Bank started coverage on shares of ConocoPhillips (NYSE:COP) in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
In other ConocoPhillips news, SVP Janet Langford Kelly unloaded 31,924 shares of the company’s stock on the open market in a transaction dated Friday, June 6th. The stock was sold at an average price of $80.82, for a total value of $2,580,097.68. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of ConocoPhillips (NYSE:COP) opened at 80.85 on Tuesday. ConocoPhillips has a 52 week low of $58.71 and a 52 week high of $81.18. The stock’s 50-day moving average is $77.61 and its 200-day moving average is $70.87. The company has a market cap of $99.260 billion and a P/E ratio of 11.00.
ConocoPhillips (NYSE:COP) last posted its quarterly earnings results 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. Analysts expect that ConocoPhillips will post $6.39 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on COP. Analysts at Citigroup Inc. raised their price target on shares of ConocoPhillips from $85.00 to $95.00 in a research note on Friday. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price 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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