ConocoPhillips (NYSE:COP)‘s stock had its “buy” rating reissued by equities research analysts at Piper Jaffray Companies in a report released on Friday. They currently have a $53.00 price target on the energy producer’s stock. Piper Jaffray Companies’ price objective would suggest a potential upside of 0.08% from the company’s current price.

A number of other equities analysts also recently weighed in on the stock. Scotiabank reaffirmed a “buy” rating and set a $53.00 price target on shares of ConocoPhillips in a research note on Wednesday. Royal Bank Of Canada set a $58.00 price target on shares of ConocoPhillips and gave the stock a “buy” rating in a research note on Monday. Barclays PLC increased their price target on shares of ConocoPhillips from $55.00 to $59.00 and gave the stock an “overweight” rating in a research note on Friday, October 27th. Wells Fargo & Company raised their target price on shares of ConocoPhillips from $57.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Finally, Morgan Stanley raised their target price on shares of ConocoPhillips from $45.00 to $48.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 18th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. ConocoPhillips currently has an average rating of “Hold” and an average price target of $55.26.

Shares of ConocoPhillips (COP) traded up $0.86 on Friday, hitting $52.96. 8,018,753 shares of the company traded hands, compared to its average volume of 5,647,048. The firm has a market cap of $62.74 billion, a PE ratio of 2,624.00, a P/E/G ratio of 14.85 and a beta of 1.28. The company has a quick ratio of 1.90, a current ratio of 2.38 and a debt-to-equity ratio of 0.64.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, October 26th. The energy producer reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.08. The business had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $6.55 billion. ConocoPhillips had a negative net margin of 7.32% and a positive return on equity of 0.12%. During the same quarter in the prior year, the firm posted ($0.66) earnings per share. analysts forecast that ConocoPhillips will post 0.47 earnings per share for the current year.

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A number of large investors have recently modified their holdings of the stock. Financial Management Professionals Inc. lifted its position in ConocoPhillips by 0.3% in the 2nd quarter. Financial Management Professionals Inc. now owns 2,294 shares of the energy producer’s stock valued at $100,000 after purchasing an additional 6 shares during the last quarter. Canal Capital Management LLC raised its position in shares of ConocoPhillips by 0.3% during the 2nd quarter. Canal Capital Management LLC now owns 6,342 shares of the energy producer’s stock worth $279,000 after buying an additional 22 shares in the last quarter. Wendell David Associates Inc. raised its position in shares of ConocoPhillips by 0.3% during the 2nd quarter. Wendell David Associates Inc. now owns 7,561 shares of the energy producer’s stock worth $332,000 after buying an additional 26 shares in the last quarter. Sheets Smith Wealth Management raised its position in shares of ConocoPhillips by 0.3% during the 2nd quarter. Sheets Smith Wealth Management now owns 13,694 shares of the energy producer’s stock worth $602,000 after buying an additional 37 shares in the last quarter. Finally, Cornerstone Advisors Inc. raised its position in shares of ConocoPhillips by 1.0% during the 2nd quarter. Cornerstone Advisors Inc. now owns 3,755 shares of the energy producer’s stock worth $165,000 after buying an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 68.88% 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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