ConocoPhillips Receives “A” Credit Rating (COP)
ConocoPhillips (NYSE:COP) has received an “A” credit rating from Morningstar. The credit rating agency’s “A” rating indicates that the company is a low default risk. They also issued a neutral credit outlook for the company and gave their stock a three star rating.
COP has been the subject of a number of other recent research reports. Analysts at Oppenheimer raised their price target on shares of ConocoPhillips from $90.00 to $95.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Simmons upgraded shares of ConocoPhillips from a “neutral” rating to an “overweight” rating in a research note on Wednesday, August 13th. Finally, 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $88.93.
ConocoPhillips (NYSE:COP) opened at 79.85 on Friday. ConocoPhillips has a 52 week low of $62.74 and a 52 week high of $87.09. The stock’s 50-day moving average is $81.97 and its 200-day moving average is $77.2. The company has a market cap of $98.181 billion and a price-to-earnings ratio of 10.96.
ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.61 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.60 by $0.01. During the same quarter last 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.
To view more credit ratings from Morningstar, visit www.morningstar.com.
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