ConocoPhillips (NYSE:COP) had its price objective upped by stock analysts at Morgan Stanley from $83.00 to $84.00 in a research report issued on Thursday, BenzingaRatingsTable reports. The firm currently has an “overweight” rating on the energy producer’s stock. Morgan Stanley’s target price points to a potential upside of 33.72% from the company’s previous close.
Other equities analysts also recently issued reports about the company. ValuEngine downgraded ConocoPhillips from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. Credit Suisse Group downgraded ConocoPhillips from an “outperform” rating to a “neutral” rating and set a $64.00 target price on the stock. in a research report on Wednesday, May 1st. Piper Jaffray Companies reissued a “hold” rating on shares of ConocoPhillips in a research report on Tuesday, February 12th. Zacks Investment Research raised ConocoPhillips from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research report on Wednesday, March 13th. Finally, Goldman Sachs Group raised ConocoPhillips from a “neutral” rating to a “buy” rating and upped their target price for the company from $76.00 to $82.00 in a research report on Sunday, February 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $78.60.
Shares of COP stock traded up $0.50 during trading hours on Thursday, reaching $62.82. 1,150,904 shares of the company’s stock were exchanged, compared to its average volume of 6,839,747. The company has a current ratio of 1.86, a quick ratio of 1.72 and a debt-to-equity ratio of 0.45. ConocoPhillips has a fifty-two week low of $56.75 and a fifty-two week high of $80.24. The company has a market cap of $69.16 billion, a PE ratio of 13.87, a PEG ratio of 1.47 and a beta of 1.06.
ConocoPhillips (NYSE:COP) last released its earnings results on Tuesday, April 30th. The energy producer reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.08. ConocoPhillips had a return on equity of 16.65% and a net margin of 18.08%. The firm had revenue of $10.06 billion for the quarter, compared to the consensus estimate of $9.16 billion. During the same period in the prior year, the firm earned $0.96 EPS. On average, equities analysts forecast that ConocoPhillips will post 4.37 earnings per share for the current year.
Large investors have recently bought and sold shares of the business. Lenox Wealth Advisors LLC purchased a new stake in ConocoPhillips in the first quarter valued at $27,000. Smart Portfolios LLC boosted its stake in shares of ConocoPhillips by 69.5% during the 4th quarter. Smart Portfolios LLC now owns 478 shares of the energy producer’s stock worth $30,000 after acquiring an additional 196 shares in the last quarter. Clarfeld Financial Advisors LLC purchased a new stake in shares of ConocoPhillips during the 4th quarter worth about $32,000. Athena Capital Advisors LLC purchased a new stake in shares of ConocoPhillips during the 4th quarter worth about $32,000. Finally, Ironwood Financial llc boosted its stake in shares of ConocoPhillips by 294.1% during the 4th quarter. Ironwood Financial llc now owns 536 shares of the energy producer’s stock worth $33,000 after acquiring an additional 400 shares in the last quarter. 74.69% of the stock is currently owned by institutional investors.
ConocoPhillips Company Profile
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the tight oil reservoirs, LNG, oil sands, and other production operations. Its portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.
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