Barclays reaffirmed their buy rating on shares of ConocoPhillips (NYSE:COP) in a report published on Friday morning. The brokerage currently has a $79.00 target price on the energy producer’s stock.
COP has been the topic of several other reports. ValuEngine lowered shares of ConocoPhillips from a buy rating to a hold rating in a research report on Tuesday, October 23rd. Societe Generale dropped their price objective on shares of ConocoPhillips from $85.00 to $73.00 and set a buy rating on the stock in a research report on Wednesday, December 19th. Zacks Investment Research lowered shares of ConocoPhillips from a buy rating to a hold rating in a research report on Thursday, November 22nd. BMO Capital Markets set a $78.00 price objective on shares of ConocoPhillips and gave the company a buy rating in a research report on Monday, November 12th. Finally, Tudor Pickering raised shares of ConocoPhillips from a hold rating to a buy rating in a research report on Friday, December 14th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company. ConocoPhillips currently has a consensus rating of Buy and a consensus price target of $76.12.
Shares of COP opened at $66.39 on Friday. The stock has a market capitalization of $76.50 billion, a PE ratio of 110.65, a P/E/G ratio of 1.86 and a beta of 1.14. ConocoPhillips has a fifty-two week low of $50.18 and a fifty-two week high of $80.24. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.82 and a current ratio of 1.99.
ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, October 25th. The energy producer reported $1.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.19. The company had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.48 billion. ConocoPhillips had a net margin of 16.08% and a return on equity of 14.62%. Equities research analysts anticipate that ConocoPhillips will post 4.47 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Signature Financial Management Inc. acquired a new stake in ConocoPhillips during the second quarter worth about $303,000. Equitable Trust Co. grew its stake in ConocoPhillips by 13.4% during the third quarter. Equitable Trust Co. now owns 19,676 shares of the energy producer’s stock worth $1,523,000 after buying an additional 2,320 shares in the last quarter. Rothschild & Co. Asset Management US Inc. grew its stake in ConocoPhillips by 5.5% during the third quarter. Rothschild & Co. Asset Management US Inc. now owns 781,835 shares of the energy producer’s stock worth $60,514,000 after buying an additional 40,773 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. grew its stake in ConocoPhillips by 2.3% during 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 buying an additional 2,000 shares in the last quarter. Finally, First Quadrant L P CA grew its stake in ConocoPhillips by 3,294.8% during the third quarter. First Quadrant L P CA now owns 332,455 shares of the energy producer’s stock worth $25,732,000 after buying an additional 322,662 shares in the last quarter. 71.75% of the stock is currently owned by institutional investors and hedge funds.
ConocoPhillips Company Profile
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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