ConocoPhillips (NYSE:COP) PT Lowered to $145.00

ConocoPhillips (NYSE:COP) had its price target decreased by stock analysts at Truist Financial from $147.00 to $145.00 in a report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the energy producer’s stock. Truist Financial’s target price suggests a potential upside of 37.09% from the company’s previous close.

Several other equities analysts also recently weighed in on COP. Royal Bank of Canada raised their price target on ConocoPhillips from $135.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, May 15th. Wells Fargo & Company increased their price objective on shares of ConocoPhillips from $149.00 to $151.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Sanford C. Bernstein decreased their target price on shares of ConocoPhillips from $147.00 to $132.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Wolfe Research assumed coverage on shares of ConocoPhillips in a report on Thursday, July 18th. They set an “outperform” rating and a $145.00 price target on the stock. Finally, Susquehanna boosted their price objective on shares of ConocoPhillips from $133.00 to $154.00 and gave the stock a “positive” rating in a report on Monday, April 22nd. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.06.

ConocoPhillips Trading Down 2.4 %

Shares of NYSE COP opened at $105.77 on Friday. The stock has a market cap of $123.70 billion, a P/E ratio of 11.98, a price-to-earnings-growth ratio of 2.14 and a beta of 1.24. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.33 and a quick ratio of 1.21. ConocoPhillips has a 1 year low of $103.98 and a 1 year high of $135.18. The firm has a 50-day moving average of $112.75 and a 200 day moving average of $117.10.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, August 1st. The energy producer reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.08). The business had revenue of $14.14 billion for the quarter, compared to analysts’ expectations of $14.96 billion. ConocoPhillips had a net margin of 18.18% and a return on equity of 20.81%. ConocoPhillips’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.84 earnings per share. As a group, sell-side analysts expect that ConocoPhillips will post 8.73 EPS for the current fiscal year.

Institutional Trading of ConocoPhillips

Several hedge funds have recently bought and sold shares of COP. Sachetta LLC purchased a new stake in ConocoPhillips in the 4th quarter worth approximately $27,000. Cooksen Wealth LLC bought a new stake in shares of ConocoPhillips during the 4th quarter valued at $27,000. Cape Investment Advisory Inc. boosted its holdings in ConocoPhillips by 96.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 247 shares of the energy producer’s stock worth $29,000 after buying an additional 121 shares during the period. Stephens Consulting LLC increased its stake in ConocoPhillips by 69.3% in the 2nd quarter. Stephens Consulting LLC now owns 254 shares of the energy producer’s stock worth $29,000 after buying an additional 104 shares in the last quarter. Finally, Richardson Capital Management LLC bought a new stake in ConocoPhillips during the first quarter valued at about $31,000. Institutional investors own 82.36% of the company’s stock.

About ConocoPhillips

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.