Shares of ConocoPhillips (NYSE:COP) have received a consensus rating of “Buy” from the twenty-nine brokerages that are covering the firm. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, eighteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $56.82.
A number of analysts recently issued reports on COP shares. Cowen and Company reissued a “buy” rating on shares of ConocoPhillips in a research report on Friday, April 14th. Guggenheim started coverage on ConocoPhillips in a research report on Tuesday. They issued a “neutral” rating for the company. Instinet reissued a “neutral” rating and issued a $54.00 target price on shares of ConocoPhillips in a research report on Monday, April 3rd. Zacks Investment Research cut ConocoPhillips from a “buy” rating to a “hold” rating in a research report on Friday, January 13th. Finally, Credit Suisse Group AG set a $60.00 target price on ConocoPhillips and gave the company a “neutral” rating in a research report on Thursday, March 30th.
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Several large investors have recently added to or reduced their stakes in the company. Financial Management Professionals Inc. boosted its stake in shares of ConocoPhillips by 0.3% in the first quarter. Financial Management Professionals Inc. now owns 2,288 shares of the energy producer’s stock worth $114,000 after buying an additional 6 shares during the period. Gemmer Asset Management LLC boosted its stake in shares of ConocoPhillips by 0.4% in the first quarter. Gemmer Asset Management LLC now owns 2,167 shares of the energy producer’s stock worth $108,000 after buying an additional 8 shares during the period. Telemus Capital LLC boosted its stake in shares of ConocoPhillips by 0.5% in the third quarter. Telemus Capital LLC now owns 6,435 shares of the energy producer’s stock worth $280,000 after buying an additional 29 shares during the period. Bahl & Gaynor Inc. boosted its stake in shares of ConocoPhillips by 0.6% in the third quarter. Bahl & Gaynor Inc. now owns 6,136 shares of the energy producer’s stock worth $267,000 after buying an additional 35 shares during the period. Finally, Integrated Investment Consultants LLC boosted its stake in shares of ConocoPhillips by 2.0% in the third quarter. Integrated Investment Consultants LLC now owns 2,594 shares of the energy producer’s stock worth $109,000 after buying an additional 51 shares during the period. Institutional investors and hedge funds own 65.39% of the company’s stock.
ConocoPhillips (NYSE:COP) traded down 0.44% on Monday, hitting $47.74. 6,415,722 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $47.36 and a 200-day moving average price of $47.40. The stock’s market cap is $59.00 billion. ConocoPhillips has a 12 month low of $38.80 and a 12 month high of $53.17.
ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, February 2nd. The energy producer reported ($0.26) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.42) by $0.16. The firm had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.28 billion. ConocoPhillips had a negative return on equity of 8.73% and a negative net margin of 14.84%. During the same quarter in the previous year, the business earned ($0.90) EPS. Equities analysts predict that ConocoPhillips will post $0.72 earnings per share for the current fiscal year.
ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through six segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International.
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