ConocoPhillips (NYSE:COP) – Research analysts at Jefferies Group upped their FY2018 earnings per share estimates for ConocoPhillips in a note issued to investors on Friday. Jefferies Group analyst J. Gammel now forecasts that the energy producer will post earnings of $2.56 per share for the year, up from their previous estimate of $2.29. Jefferies Group also issued estimates for ConocoPhillips’ FY2019 earnings at $2.59 EPS.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, October 26th. The energy producer reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.08. ConocoPhillips had a positive return on equity of 0.12% and a negative net margin of 7.32%. The firm had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $6.55 billion. During the same quarter last year, the business earned ($0.66) earnings per share.

A number of other equities analysts have also recently issued reports on the company. Cowen set a $70.00 target price on ConocoPhillips and gave the stock a “buy” rating in a report on Thursday, January 18th. Macquarie initiated coverage on ConocoPhillips in a report on Wednesday, January 17th. They set an “outperform” rating on the stock. Zacks Investment Research upgraded ConocoPhillips from a “hold” rating to a “strong-buy” rating and set a $66.00 price objective on the stock in a report on Wednesday, January 10th. Howard Weil cut ConocoPhillips from a “focus list” rating to an “outperform” rating and set a $58.00 price objective on the stock. in a report on Friday, December 22nd. Finally, Royal Bank of Canada set a $61.00 price objective on ConocoPhillips and gave the company a “buy” rating in a report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. ConocoPhillips presently has an average rating of “Buy” and a consensus price target of $56.35.

Shares of ConocoPhillips (NYSE COP) traded down $0.20 on Monday, reaching $60.47. The company’s stock had a trading volume of 5,475,593 shares, compared to its average volume of 5,172,487. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.23 and a current ratio of 2.38. ConocoPhillips has a 12-month low of $42.26 and a 12-month high of $60.70. The company has a market capitalization of $72,290.00, a PE ratio of -30.39, a P/E/G ratio of 2.55 and a beta of 1.26.

In other news, Director Charles E. Bunch bought 2,000 shares of the business’s stock in a transaction on Monday, December 11th. The shares were purchased at an average price of $52.06 per share, for a total transaction of $104,120.00. Following the purchase, the director now owns 3,429 shares of the company’s stock, valued at approximately $178,513.74. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.82% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Freestone Capital Holdings LLC lifted its stake in ConocoPhillips by 78.7% in the 2nd quarter. Freestone Capital Holdings LLC now owns 8,047 shares of the energy producer’s stock valued at $354,000 after acquiring an additional 3,543 shares in the last quarter. Point View Wealth Management Inc. lifted its stake in ConocoPhillips by 19.8% in the 2nd quarter. Point View Wealth Management Inc. now owns 32,939 shares of the energy producer’s stock valued at $1,448,000 after acquiring an additional 5,452 shares in the last quarter. Toronto Dominion Bank lifted its stake in ConocoPhillips by 16.1% in the 2nd quarter. Toronto Dominion Bank now owns 616,392 shares of the energy producer’s stock valued at $27,092,000 after acquiring an additional 85,538 shares in the last quarter. Korea Investment CORP lifted its stake in ConocoPhillips by 32.8% in the 3rd quarter. Korea Investment CORP now owns 1,026,000 shares of the energy producer’s stock valued at $51,351,000 after acquiring an additional 253,600 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in ConocoPhillips in the 2nd quarter valued at approximately $26,376,000. Hedge funds and other institutional investors own 69.54% of the company’s stock.

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About ConocoPhillips

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 five segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International.

Earnings History and Estimates for ConocoPhillips (NYSE:COP)

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