ConocoPhillips (NYSE:COP) had its price target hoisted by equities research analysts at UBS Group from $50.00 to $62.00 in a research note issued on Monday, BenzingaRatingsTable reports. The firm currently has a “buy” rating on the energy producer’s stock. UBS Group’s price target would suggest a potential upside of 47.55% from the company’s previous close.
A number of other equities analysts have also recently weighed in on the company. JPMorgan Chase & Co. reduced their price target on ConocoPhillips from $67.00 to $48.00 and set an “overweight” rating for the company in a report on Wednesday, March 11th. ValuEngine raised ConocoPhillips from a “sell” rating to a “hold” rating in a report on Friday, May 1st. Raymond James reduced their price target on ConocoPhillips from $63.00 to $48.00 and set an “outperform” rating for the company in a report on Tuesday, March 17th. Argus upped their price target on ConocoPhillips from $42.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Finally, Morgan Stanley reduced their price target on ConocoPhillips from $79.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, March 16th. Five analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $57.70.
Shares of COP stock opened at $42.02 on Monday. The stock has a market cap of $43.56 billion, a PE ratio of 13.17 and a beta of 1.70. The business has a 50-day simple moving average of $43.46 and a 200-day simple moving average of $47.97. The company has a quick ratio of 2.04, a current ratio of 2.16 and a debt-to-equity ratio of 0.47. ConocoPhillips has a 52-week low of $20.84 and a 52-week high of $67.13.
ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, April 30th. The energy producer reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.22. The business had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $6.55 billion. ConocoPhillips had a return on equity of 10.02% and a net margin of 11.51%. During the same quarter in the previous year, the firm posted $1.00 EPS. Sell-side analysts anticipate that ConocoPhillips will post -0.79 earnings per share for the current fiscal year.
In other ConocoPhillips news, Director David Thomas Seaton acquired 2,400 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average cost of $41.03 per share, for a total transaction of $98,472.00. Following the completion of the acquisition, the director now owns 2,500 shares of the company’s stock, valued at approximately $102,575. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp lifted its holdings in ConocoPhillips by 5.3% in the first quarter. State Street Corp now owns 53,080,153 shares of the energy producer’s stock valued at $1,634,869,000 after acquiring an additional 2,693,223 shares during the last quarter. Great Lakes Retirement Inc. lifted its holdings in ConocoPhillips by 24.8% in the first quarter. Great Lakes Retirement Inc. now owns 10,976 shares of the energy producer’s stock valued at $334,000 after acquiring an additional 2,182 shares during the last quarter. CVA Family Office LLC acquired a new position in ConocoPhillips in the first quarter valued at approximately $109,000. Optimal Asset Management Inc. lifted its holdings in ConocoPhillips by 116.1% in the first quarter. Optimal Asset Management Inc. now owns 186,509 shares of the energy producer’s stock valued at $5,744,000 after acquiring an additional 100,186 shares during the last quarter. Finally, National Pension Service lifted its stake in ConocoPhillips by 1.1% during the first quarter. National Pension Service now owns 1,466,404 shares of the energy producer’s stock worth $45,165,000 after purchasing an additional 16,171 shares in the last quarter. Hedge funds and other institutional investors own 72.35% of the company’s stock.
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.
Receive News & Ratings for ConocoPhillips Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ConocoPhillips and related companies with MarketBeat.com's FREE daily email newsletter.