ConocoPhillips (NYSE: COP) recently received a number of ratings updates from brokerages and research firms:

  • 2/9/2018 – ConocoPhillips had its price target raised by analysts at Citigroup Inc from $57.00 to $63.00. They now have a “buy” rating on the stock.
  • 2/2/2018 – ConocoPhillips had its price target raised by analysts at Barclays PLC from $59.00 to $72.00. They now have an “overweight” rating on the stock.
  • 1/24/2018 – ConocoPhillips had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $63.00 price target on the stock.
  • 1/24/2018 – ConocoPhillips had its price target raised by analysts at Morgan Stanley from $48.00 to $65.00. They now have an “equal weight” rating on the stock.
  • 1/18/2018 – ConocoPhillips was given a new $70.00 price target on by analysts at Cowen Inc. They now have a “buy” rating on the stock.
  • 1/17/2018 – ConocoPhillips is now covered by analysts at Macquarie. They set an “outperform” rating on the stock.
  • 1/10/2018 – ConocoPhillips was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $66.00 price target on the stock. According to Zacks, “ConocoPhillips is one of the largest exploration and production players in the world, based on proved reserves and production. We appreciate the company’s initiative to divest non-core assets as the explorer could divert the proceeds toward oil-rich Eagle Ford shale and Permian Basin. Significant undrilled locations in the Eagle Ford shale will boost the company’s production. The company’s earnings surprise history is impressive as reflected that the upstream player managed to beat the Zacks Consensus Estimate in three of the past four quarters. Also, utilizing an improved completion design, ConocoPhillips has managed to significantly lower well operating costs. Moreover, the company’s pricing chart is impressive. Over the past year, the stock rallied 13.1%, outperforming the industry’s 2.8% gain.”
  • 12/22/2017 – ConocoPhillips was downgraded by analysts at Howard Weil from a “focus list” rating to an “outperform” rating. They now have a $58.00 price target on the stock.
  • 12/20/2017 – ConocoPhillips was given a new $61.00 price target on by analysts at Royal Bank of Canada. They now have a “buy” rating on the stock.
  • 12/19/2017 – ConocoPhillips was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “ConocoPhillips is one of the largest exploration and production players in the world, based on proved reserves and production. During the second quarter, the company reported strong results following higher realized prices from commodities sold and production ramp up from numerous key developments. We appreciate the company’s initiative to divest assets worth $16 billion in 2017 and divert the proceeds toward oil rich Eagle Ford shale and Permian Basin. ConocoPhillips owns significant undrilled locations in the Eagle Ford shale that could lend access to huge oil reserves. Also, the company’s net cash flow from operations have been rising steadily since the beginning of 2017. However, we are concerned about the company’s escalating debt levels. It is to be noted that at the end of third-quarter 2017, ConocoPhillips had only $6.9 billion in cash and cash equivalents, while its debt climbed to $21 billion.”

Shares of ConocoPhillips (COP) opened at $52.02 on Monday. The company has a current ratio of 2.38, a quick ratio of 2.23 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $61,233.10, a price-to-earnings ratio of -104.04, a price-to-earnings-growth ratio of 1.70 and a beta of 1.32. ConocoPhillips has a 52-week low of $42.26 and a 52-week high of $61.31.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, February 1st. The energy producer reported $0.45 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.45. The firm had revenue of $8.74 billion during the quarter, compared to analysts’ expectations of $7.70 billion. ConocoPhillips had a positive return on equity of 2.78% and a negative net margin of 2.04%. During the same quarter last year, the firm earned ($0.26) EPS. equities research analysts forecast that ConocoPhillips will post 2.79 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Monday, February 12th will be given a $0.285 dividend. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, February 9th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.19%. ConocoPhillips’s dividend payout ratio (DPR) is presently -212.00%.

In other ConocoPhillips news, Director Charles E. Bunch acquired 2,000 shares of the stock in a transaction dated Monday, December 11th. The stock was purchased at an average price of $52.06 per share, with a total value of $104,120.00. Following the transaction, the director now directly owns 3,429 shares of the company’s stock, valued at $178,513.74. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.82% of the stock is owned by company insiders.

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.

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