Hilliard Lyons Begins Coverage on ConocoPhillips (COP)
Research analysts at Hilliard Lyons initiated coverage on shares of ConocoPhillips (NYSE:COP) in a report released on Tuesday. The brokerage set a “buy” rating on the stock.
Several other research analysts have also weighed in on the stock. RBC Capital Markets reaffirmed a “buy” rating and set a $57.00 target price on shares of ConocoPhillips in a research note on Tuesday, January 3rd. Credit Suisse Group reaffirmed a “hold” rating and set a $53.00 target price on shares of ConocoPhillips in a research note on Monday, December 19th. Howard Weil raised shares of ConocoPhillips to a “focus list” rating and increased their target price for the stock from $47.00 to $60.00 in a research note on Thursday, December 15th. J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of ConocoPhillips in a research note on Monday, December 12th. Finally, Cowen and Company raised shares of ConocoPhillips from a “hold” rating to an “outperform” rating and increased their target price for the stock from $47.00 to $59.00 in a research note on Monday, December 12th. Four analysts have rated the stock with a sell rating, six have given a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $53.23.
Shares of ConocoPhillips (NYSE:COP) traded up 0.08% during midday trading on Tuesday, hitting $49.70. 1,045,928 shares of the company’s stock traded hands. The stock’s market cap is $61.58 billion. ConocoPhillips has a 52 week low of $31.05 and a 52 week high of $53.17. The company has a 50 day moving average of $49.74 and a 200 day moving average of $44.02.
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ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, October 27th. The company reported ($0.66) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.69) by $0.03. ConocoPhillips had a negative net margin of 29.45% and a negative return on equity of 10.68%. During the same period last year, the company earned ($0.38) earnings per share. On average, equities analysts forecast that ConocoPhillips will post ($2.83) EPS for the current fiscal year.
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Several large investors have recently modified their holdings of COP. Financial Architects Inc raised its stake in shares of ConocoPhillips by 17.1% in the second quarter. Financial Architects Inc now owns 9,331 shares of the company’s stock valued at $407,000 after buying an additional 1,362 shares during the last quarter. First Niagara Bank raised its stake in shares of ConocoPhillips by 4.1% in the second quarter. First Niagara Bank now owns 21,717 shares of the company’s stock valued at $946,000 after buying an additional 856 shares during the last quarter. Trust Co. of Toledo NA OH raised its stake in shares of ConocoPhillips by 2.9% in the second quarter. Trust Co. of Toledo NA OH now owns 39,243 shares of the company’s stock valued at $1,711,000 after buying an additional 1,106 shares during the last quarter. Guinness Asset Management Ltd bought a new stake in shares of ConocoPhillips during the second quarter valued at approximately $10,726,000. Finally, Guinness Atkinson Asset Management Inc bought a new stake in shares of ConocoPhillips during the second quarter valued at approximately $1,613,000. Institutional investors own 63.37% of the company’s stock.
ConocoPhillips Company Profile
ConocoPhillips (ConocoPhillips) is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas and liquefied natural gas (LNG). The Company operates through six operating segments, which are primarily defined by geographic region: Alaska; Lower 48; Canada; Europe and North Africa; Asia Pacific and Middle East, and Other International.
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