ConocoPhillips (NYSE:COP) will release its earnings data before the market opens on Tuesday, October 29th. Analysts expect ConocoPhillips to post earnings of $1.00 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.
ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Tuesday, July 30th. The energy producer reported $1.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by ($0.02). The business had revenue of $8.38 billion for the quarter, compared to analyst estimates of $9.42 billion. ConocoPhillips had a return on equity of 15.96% and a net margin of 18.33%. The firm’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.09 EPS. On average, analysts expect ConocoPhillips to post $4 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of COP opened at $55.96 on Tuesday. The stock has a market capitalization of $60.54 billion, a PE ratio of 12.35, a P/E/G ratio of 1.52 and a beta of 1.05. ConocoPhillips has a 1 year low of $50.13 and a 1 year high of $72.77. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.64 and a current ratio of 1.76. The company’s 50-day simple moving average is $56.11 and its 200-day simple moving average is $58.91.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, October 17th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.00%. The ex-dividend date is Wednesday, October 16th. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.31. ConocoPhillips’s dividend payout ratio is currently 37.09%.
A number of analysts recently weighed in on COP shares. ValuEngine upgraded shares of ConocoPhillips from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Goldman Sachs Group set a $67.00 target price on shares of ConocoPhillips and gave the stock a “buy” rating in a research note on Friday, October 11th. Bank of America upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Wednesday, July 17th. Wells Fargo & Co restated a “buy” rating on shares of ConocoPhillips in a research note on Tuesday, October 15th. Finally, Mizuho upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and upped their target price for the stock from $74.00 to $80.00 in a research note on Wednesday, June 26th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. ConocoPhillips presently has a consensus rating of “Buy” and a consensus target price of $73.08.
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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