ConocoPhillips Price Target Raised to $95.00 (COP)
Oppenheimer boosted their price objective on shares of ConocoPhillips (NYSE:COP) from $90.00 to $95.00 in a research note issued on Thursday. The firm currently has an “outperform” rating on the stock. Oppenheimer’s target price would suggest a potential upside of 17.43% from the stock’s previous close.
A number of other analysts have also recently weighed in on COP. Analysts at Simmons upgraded shares of ConocoPhillips from a “neutral” rating to an “overweight” rating in a research note on Wednesday, August 13th. Separately, analysts at Argus reiterated a “buy” rating on shares of ConocoPhillips in a research note on Thursday, August 7th. They now have a $92.00 price target on the stock, up previously from $90.00. Finally, analysts at Barclays reiterated an “overweight” rating on shares of ConocoPhillips in a research note on Friday, July 25th. They now have a $108.00 price target on the stock, up previously from $100.00. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. ConocoPhillips presently has an average rating of “Buy” and a consensus target price of $88.93.
ConocoPhillips (NYSE:COP) opened at 80.90 on Thursday. ConocoPhillips has a one year low of $62.74 and a one year high of $87.09. The stock’s 50-day moving average is $82.16 and its 200-day moving average is $77.18. The company has a market cap of $99.472 billion and a P/E ratio of 10.87.
ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, July 31st. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.01. During the same quarter in the previous year, the company posted $1.41 earnings per share. On average, analysts predict that ConocoPhillips will post $6.53 earnings per share for the current fiscal year.
ConocoPhillips is an independent exploration and production (NYSE:COP) company, based on proved reserves and production of liquids and natural gas.
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