ConocoPhillips (NYSE:COP) Receives $79.43 Consensus Price Target from Analysts

Shares of ConocoPhillips (NYSE:COP) have been assigned a consensus rating of “Buy” from the twenty-five analysts that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $83.26.

A number of equities analysts recently commented on COP shares. Scotiabank reissued a “sector perform” rating and issued a $90.00 price objective on shares of ConocoPhillips in a research note on Thursday. Societe Generale cut shares of ConocoPhillips from a “buy” rating to a “hold” rating and set a $77.00 price target on the stock. in a report on Wednesday, November 10th. Morgan Stanley increased their price objective on ConocoPhillips from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, November 19th. Argus lifted their target price on shares of ConocoPhillips from $66.00 to $89.00 and gave the stock a “buy” rating in a research note on Monday, November 8th. Finally, Raymond James raised their price target on shares of ConocoPhillips from $90.00 to $100.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, October 26th.

In other news, CEO Ryan Michael Lance sold 105,098 shares of ConocoPhillips stock in a transaction on Monday, December 27th. The shares were sold at an average price of $73.08, for a total transaction of $7,680,561.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Ellen Desanctis sold 28,171 shares of the business’s stock in a transaction on Thursday, December 9th. The stock was sold at an average price of $73.26, for a total transaction of $2,063,807.46. The disclosure for this sale can be found here. Insiders sold a total of 145,889 shares of company stock valued at $10,680,170 in the last quarter. Company insiders own 0.08% of the company’s stock.

A number of institutional investors have recently made changes to their positions in COP. Bell Investment Advisors Inc acquired a new stake in shares of ConocoPhillips during the third quarter worth about $26,000. Canton Hathaway LLC acquired a new stake in shares of ConocoPhillips during the third quarter worth $26,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of ConocoPhillips in the third quarter valued at about $27,000. America First Investment Advisors LLC purchased a new stake in ConocoPhillips in the 3rd quarter valued at approximately $34,000. Finally, Tower View Investment Management & Research LLC acquired a new position in ConocoPhillips during the third quarter worth about $34,000. Institutional investors own 78.94% of the company’s stock.

Shares of NYSE:COP opened at $86.74 on Wednesday. The company has a current ratio of 1.93, a quick ratio of 1.83 and a debt-to-equity ratio of 0.42. ConocoPhillips has a 12 month low of $39.70 and a 12 month high of $86.87. The company has a 50-day moving average price of $73.82 and a 200 day moving average price of $66.28. The company has a market cap of $114.41 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 0.66 and a beta of 1.61.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Tuesday, November 2nd. The energy producer reported $1.77 EPS for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.24. The firm had revenue of $11.62 billion during the quarter, compared to the consensus estimate of $11.34 billion. ConocoPhillips had a net margin of 12.18% and a return on equity of 11.87%. During the same quarter last year, the firm earned ($0.31) EPS. As a group, equities analysts forecast that ConocoPhillips will post 5.89 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, January 14th. Shareholders of record on Monday, January 3rd were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date was Friday, December 31st. ConocoPhillips’s dividend payout ratio is currently 58.04%.

About ConocoPhillips

ConocoPhillips engages in the exploration, production, transportation and marketing of crude oil, bitumen, natural gas, natural gas liquids, and liquefied natural gas on a worldwide basis. It operates through the following geographical segments: Alaska; Lower 48; Canada; Europe, Middle East and North Africa; Asia Pacific; and Other International.

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Analyst Recommendations for ConocoPhillips (NYSE:COP)

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