Several brokerages have updated their recommendations and price targets on shares of ConocoPhillips (NYSE: COP) in the last few weeks:

  • 11/9/2017 – ConocoPhillips had its price target raised by analysts at Royal Bank Of Canada from $58.00 to $60.00. They now have an “outperform” rating on the stock.
  • 11/3/2017 – ConocoPhillips had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $53.00 price target on the stock.
  • 11/1/2017 – ConocoPhillips had its “buy” rating reaffirmed by analysts at Scotiabank. They now have a $53.00 price target on the stock.
  • 10/30/2017 – ConocoPhillips was given a new $58.00 price target on by analysts at Royal Bank Of Canada. They now have a “buy” rating on the stock.
  • 10/27/2017 – ConocoPhillips had its price target raised by analysts at Wells Fargo & Company from $57.00 to $60.00. They now have an “outperform” rating on the stock.
  • 10/27/2017 – ConocoPhillips had its price target raised by analysts at Barclays PLC from $55.00 to $59.00. They now have an “overweight” rating on the stock.
  • 10/19/2017 – ConocoPhillips had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $52.00 price target on the stock.
  • 10/18/2017 – ConocoPhillips had its price target raised by analysts at Morgan Stanley from $45.00 to $48.00. They now have an “equal weight” rating on the stock.
  • 10/10/2017 – ConocoPhillips was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Being a firm in the exploration and production industry, ConocoPhillips’ profitability has expectedly been hit by this weakly priced oil and gas market. As a result, the company’s revenue has been decreasing at a CAGR of 33.8% over the last three years. We are concerned about the company’s escalating debt levels. It is to be noted that at the end of second-quarter 2017, ConocoPhillips had only $7.5 billion in cash and cash equivalents, while its debt had climbed to $23.5 billion. Moreover, the company’s cash flow is expected to remain tight even after the capital-expenditure reductions. Hence, we do not see any improvement in the company’s upstream operations unless there’s a recovery in commodity prices.”
  • 10/10/2017 – ConocoPhillips had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a $55.00 price target on the stock, up previously from $51.00.
  • 9/29/2017 – ConocoPhillips had its “buy” rating reaffirmed by analysts at Scotiabank. They now have a $53.00 price target on the stock.
  • 9/29/2017 – ConocoPhillips had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $54.00 price target on the stock.

ConocoPhillips (NYSE COP) opened at $50.49 on Thursday. The company has a market cap of $61,250.00, a price-to-earnings ratio of 2,628.50, a price-to-earnings-growth ratio of 12.92 and a beta of 1.28. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.38 and a quick ratio of 2.23. ConocoPhillips has a 12 month low of $42.26 and a 12 month high of $54.22.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, October 26th. The energy producer reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.08. The business had revenue of $7.20 billion during 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 previous year, the firm posted ($0.66) earnings per share. sell-side analysts forecast that ConocoPhillips will post 0.54 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, October 16th will be paid a $0.265 dividend. The ex-dividend date of this dividend is Friday, October 13th. This represents a $1.06 annualized dividend and a dividend yield of 2.10%. ConocoPhillips’s dividend payout ratio (DPR) is -53.27%.

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.

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