ConocoPhillips (NYSE:COP)‘s stock had its “overweight” rating reissued by investment analysts at J P Morgan Chase & Co in a research note issued on Saturday.

A number of other research analysts have also weighed in on COP. BidaskClub lowered ConocoPhillips from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Scotiabank set a $54.00 price target on ConocoPhillips and gave the stock a “buy” rating in a research note on Saturday, July 1st. Zacks Investment Research raised ConocoPhillips from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Piper Jaffray Companies set a $45.00 target price on ConocoPhillips and gave the stock a “buy” rating in a research report on Friday, August 25th. Finally, Jefferies Group LLC set a $59.00 target price on ConocoPhillips and gave the stock a “buy” rating in a research report on Sunday, July 30th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $54.19.

Shares of ConocoPhillips (NYSE COP) opened at 46.51 on Friday. The firm has a 50-day moving average price of $44.48 and a 200-day moving average price of $45.66. The stock’s market cap is $56.60 billion. ConocoPhillips has a 52-week low of $39.00 and a 52-week high of $53.17.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, July 27th. The energy producer reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.16. ConocoPhillips had a negative return on equity of 2.86% and a negative net margin of 12.29%. The company had revenue of $8.88 billion for the quarter, compared to analyst estimates of $6.74 billion. During the same quarter in the prior year, the company posted ($0.79) EPS. On average, analysts anticipate that ConocoPhillips will post $0.26 EPS for the current fiscal year.

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Several institutional investors have recently made changes to their positions in COP. Waldron LP grew its stake in shares of ConocoPhillips by 44.5% during the first quarter. Waldron LP now owns 7,072 shares of the energy producer’s stock valued at $350,000 after acquiring an additional 2,178 shares in the last quarter. Duncker Streett & Co. Inc. grew its stake in shares of ConocoPhillips by 1.0% during the first quarter. Duncker Streett & Co. Inc. now owns 10,148 shares of the energy producer’s stock valued at $506,000 after acquiring an additional 101 shares in the last quarter. Granite Investment Partners LLC grew its stake in shares of ConocoPhillips by 1.5% during the first quarter. Granite Investment Partners LLC now owns 13,444 shares of the energy producer’s stock valued at $670,000 after acquiring an additional 200 shares in the last quarter. Cardinal Capital Management grew its stake in shares of ConocoPhillips by 3.3% during the first quarter. Cardinal Capital Management now owns 63,526 shares of the energy producer’s stock valued at $3,168,000 after acquiring an additional 2,053 shares in the last quarter. Finally, John G Ullman & Associates Inc. grew its stake in shares of ConocoPhillips by 15.5% during the first quarter. John G Ullman & Associates Inc. now owns 152,885 shares of the energy producer’s stock valued at $7,624,000 after acquiring an additional 20,500 shares in the last quarter. Institutional investors own 68.99% of the company’s stock.

About ConocoPhillips

ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through five segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International.

Analyst Recommendations for ConocoPhillips (NYSE:COP)

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