ConocoPhillips Coverage Initiated by Analysts at Oppenheimer (COP)
Investment analysts at Oppenheimer started coverage on shares of ConocoPhillips (NYSE:COP) in a note issued to investors on Tuesday. The firm set a “buy” rating and a $94.00 price target on the stock. Oppenheimer’s price objective indicates a potential upside of 16.26% from the company’s current price.
ConocoPhillips (NYSE:COP) traded up 0.08% during mid-day trading on Tuesday, hitting $80.914. The stock had a trading volume of 467,729 shares. ConocoPhillips has a one year low of $58.71 and a one year 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 $99.339 billion and a price-to-earnings ratio of 11.00.
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. Analysts expect that ConocoPhillips will post $6.40 EPS for the current fiscal year.
COP has been the subject of a number of other recent research reports. Analysts at Deutsche Bank initiated coverage on shares of ConocoPhillips in a research note on Tuesday. They set a “buy” rating and a $94.00 price target on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of ConocoPhillips from $85.00 to $95.00 in a research note on Friday. 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 issued a strong buy rating to the company. ConocoPhillips has a consensus rating of “Buy” and a consensus price target of $83.94.
In other ConocoPhillips news, SVP Janet Langford Kelly sold 31,924 shares of ConocoPhillips stock on the open market in a transaction dated Friday, June 6th. The shares were sold at an average price of $80.82, for a total value of $2,580,097.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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.
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