Wall Street brokerages expect that ConocoPhillips (NYSE:COP) will post earnings of $1.32 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for ConocoPhillips’ earnings. The highest EPS estimate is $1.66 and the lowest is $1.10. ConocoPhillips reported earnings of $0.45 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 193.3%. The company is expected to announce its next earnings results on Thursday, February 7th.
On average, analysts expect that ConocoPhillips will report full year earnings of $4.75 per share for the current fiscal year, with EPS estimates ranging from $4.42 to $5.07. For the next year, analysts expect that the company will post earnings of $5.34 per share, with EPS estimates ranging from $3.67 to $7.43. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that cover ConocoPhillips.
ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, October 25th. The energy producer reported $1.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.19. The business had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.48 billion. ConocoPhillips had a net margin of 16.08% and a return on equity of 14.62%.
Several equities analysts have issued reports on the stock. Mizuho restated a “hold” rating and issued a $82.00 price target on shares of ConocoPhillips in a research report on Monday, October 22nd. Zacks Investment Research upgraded shares of ConocoPhillips from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research report on Monday, October 8th. Piper Jaffray Companies restated a “hold” rating and issued a $66.00 price target on shares of ConocoPhillips in a research report on Monday, November 19th. Royal Bank of Canada cut shares of ConocoPhillips from an “outperform” rating to a “sector perform” rating and set a $90.00 price target for the company. in a research report on Thursday, September 20th. They noted that the move was a valuation call. Finally, Morgan Stanley upped their price target on shares of ConocoPhillips from $83.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, August 16th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $74.63.
NYSE:COP traded down $0.70 on Friday, hitting $65.91. The company had a trading volume of 7,946,165 shares, compared to its average volume of 6,647,746. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.99 and a quick ratio of 1.82. ConocoPhillips has a 52 week low of $50.18 and a 52 week high of $80.24. The company has a market cap of $76.68 billion, a price-to-earnings ratio of 109.85, a PEG ratio of 1.56 and a beta of 1.22.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Stockholders of record on Monday, October 15th were given a dividend of $0.305 per share. The ex-dividend date was Friday, October 12th. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.29. This represents a $1.22 annualized dividend and a dividend yield of 1.85%. ConocoPhillips’s dividend payout ratio is 203.33%.
In other news, VP Glenda Mae Schwarz sold 18,882 shares of the stock in a transaction on Monday, September 10th. The shares were sold at an average price of $71.15, for a total transaction of $1,343,454.30. Following the completion of the sale, the vice president now directly owns 29,064 shares in the company, valued at $2,067,903.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.88% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Impax Asset Management LLC grew its holdings in ConocoPhillips by 0.5% in the second quarter. Impax Asset Management LLC now owns 241,107 shares of the energy producer’s stock worth $16,786,000 after purchasing an additional 1,108 shares during the period. Signature Financial Management Inc. acquired a new stake in ConocoPhillips in the second quarter worth $303,000. OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in ConocoPhillips by 2.3% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 88,826 shares of the energy producer’s stock worth $6,184,000 after purchasing an additional 2,000 shares during the period. First Quadrant L P CA grew its holdings in ConocoPhillips by 3,294.8% in the third quarter. First Quadrant L P CA now owns 332,455 shares of the energy producer’s stock worth $25,732,000 after purchasing an additional 322,662 shares during the period. Finally, Frontier Investment Mgmt Co. grew its holdings in ConocoPhillips by 17.2% in the second quarter. Frontier Investment Mgmt Co. now owns 6,006 shares of the energy producer’s stock worth $418,000 after purchasing an additional 882 shares during the period. Institutional investors own 71.89% of the company’s stock.
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. Its portfolio includes North American tight oil and oil sands assets in Canada; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; and an inventory of conventional and unconventional exploration prospects.
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