FY2018 Earnings Forecast for ConocoPhillips Issued By Jefferies Group (COP)

ConocoPhillips (NYSE:COP) – Stock analysts at Jefferies Group boosted their FY2018 EPS estimates for shares of ConocoPhillips in a research note issued on Friday. Jefferies Group analyst J. Gammel now forecasts that the energy producer will post earnings per share of $2.56 for the year, up from their prior estimate of $2.29. Jefferies Group also issued estimates for ConocoPhillips’ FY2019 earnings at $2.59 EPS.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, October 26th. The energy producer reported $0.16 earnings per share (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 analysts’ expectations 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 period in the previous year, the company earned ($0.66) EPS.

Other equities research analysts have also recently issued reports about the stock. Goldman Sachs Group raised shares of ConocoPhillips from a “neutral” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Wednesday, December 13th. Howard Weil cut shares of ConocoPhillips from a “focus list” rating to an “outperform” rating and set a $58.00 price target for the company. in a research report on Friday, December 22nd. Credit Suisse Group assumed coverage on shares of ConocoPhillips in a research report on Monday, December 11th. They issued a “neutral” rating and a $50.00 price target for the company. Royal Bank of Canada boosted their price target on shares of ConocoPhillips from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, November 9th. Finally, Barclays boosted their price target on shares of ConocoPhillips from $55.00 to $59.00 and gave the company an “overweight” rating in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $56.35.

ConocoPhillips (COP) traded down $0.01 during trading on Monday, hitting $59.75. 5,037,500 shares of the stock traded hands, compared to its average volume of 5,104,854. The stock has a market cap of $71,910.00, a PE ratio of -30.03, a P/E/G ratio of 2.55 and a beta of 1.26. ConocoPhillips has a 1-year low of $42.26 and a 1-year high of $60.24. The company has a current ratio of 2.38, a quick ratio of 2.23 and a debt-to-equity ratio of 0.64.

In other ConocoPhillips news, Director Charles E. Bunch bought 2,000 shares of ConocoPhillips stock in a transaction dated Monday, December 11th. The stock was acquired at an average cost of $52.06 per share, with a total value of $104,120.00. Following the completion of the acquisition, the director now owns 3,429 shares of the company’s stock, valued at $178,513.74. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.82% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the company. Financial Management Professionals Inc. increased its stake in shares of ConocoPhillips by 0.3% during the second quarter. Financial Management Professionals Inc. now owns 2,294 shares of the energy producer’s stock worth $100,000 after acquiring an additional 6 shares during the period. Krilogy Financial LLC increased its stake in shares of ConocoPhillips by 48.6% during the second quarter. Krilogy Financial LLC now owns 2,392 shares of the energy producer’s stock worth $105,000 after acquiring an additional 782 shares during the period. Rocky Mountain Advisers LLC increased its stake in shares of ConocoPhillips by 140.2% during the third quarter. Rocky Mountain Advisers LLC now owns 2,392 shares of the energy producer’s stock worth $120,000 after acquiring an additional 1,396 shares during the period. Clear Perspective Advisors LLC increased its stake in shares of ConocoPhillips by 75.5% during the second quarter. Clear Perspective Advisors LLC now owns 2,790 shares of the energy producer’s stock worth $123,000 after acquiring an additional 1,200 shares during the period. Finally, Valeo Financial Advisors LLC acquired a new position in shares of ConocoPhillips during the third quarter worth about $142,000. 69.54% of the stock is owned by institutional investors and hedge funds.

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ConocoPhillips Company Profile

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.

Earnings History and Estimates for ConocoPhillips (NYSE:COP)

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