ConocoPhillips (COP) Receives Average Rating of “Buy” from Analysts

Shares of ConocoPhillips (NYSE:COP) have received an average recommendation of “Buy” from the twenty-one analysts that are currently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $79.00.

A number of research firms recently weighed in on COP. Morgan Stanley increased their price objective on shares of ConocoPhillips from $77.00 to $78.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. Goldman Sachs Group raised shares of ConocoPhillips from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $76.00 to $82.00 in a research report on Sunday, February 3rd. Piper Jaffray Companies raised shares of ConocoPhillips from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $68.00 to $75.00 in a research report on Thursday, March 21st. Barclays reaffirmed a “buy” rating and set a $79.00 price objective on shares of ConocoPhillips in a research report on Friday, January 11th. Finally, Zacks Investment Research raised shares of ConocoPhillips from a “strong sell” rating to a “hold” rating in a research report on Monday, February 11th.

A number of institutional investors have recently added to or reduced their stakes in COP. Pineno Levin & Ford Asset Management Inc. raised its holdings in shares of ConocoPhillips by 0.4% in the 4th quarter. Pineno Levin & Ford Asset Management Inc. now owns 37,800 shares of the energy producer’s stock valued at $2,357,000 after purchasing an additional 150 shares in the last quarter. First Commonwealth Financial Corp PA raised its holdings in shares of ConocoPhillips by 2.8% in the 4th quarter. First Commonwealth Financial Corp PA now owns 5,454 shares of the energy producer’s stock valued at $340,000 after purchasing an additional 150 shares in the last quarter. Fishman Jay A Ltd. MI raised its holdings in shares of ConocoPhillips by 0.4% in the 4th quarter. Fishman Jay A Ltd. MI now owns 38,267 shares of the energy producer’s stock valued at $2,386,000 after purchasing an additional 152 shares in the last quarter. Arete Wealth Advisors LLC raised its holdings in shares of ConocoPhillips by 1.5% in the 4th quarter. Arete Wealth Advisors LLC now owns 10,832 shares of the energy producer’s stock valued at $675,000 after purchasing an additional 158 shares in the last quarter. Finally, Guyasuta Investment Advisors Inc. raised its holdings in shares of ConocoPhillips by 1.2% in the 4th quarter. Guyasuta Investment Advisors Inc. now owns 14,283 shares of the energy producer’s stock valued at $891,000 after purchasing an additional 175 shares in the last quarter. Institutional investors own 73.59% of the company’s stock.

Shares of NYSE:COP traded up $0.12 during mid-day trading on Thursday, reaching $65.90. 5,569,059 shares of the company were exchanged, compared to its average volume of 6,618,229. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.66 and a current ratio of 1.79. The stock has a market capitalization of $75.26 billion, a P/E ratio of 14.55, a PEG ratio of 2.32 and a beta of 1.11. ConocoPhillips has a 1 year low of $56.75 and a 1 year high of $80.24.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, January 31st. The energy producer reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.08. The firm had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.60 billion. ConocoPhillips had a net margin of 16.16% and a return on equity of 16.91%. During the same quarter last year, the company posted $0.45 EPS. Research analysts forecast that ConocoPhillips will post 3.81 earnings per share for the current fiscal year.

About ConocoPhillips

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the tight oil reservoirs, LNG, oil sands, and other production operations. Its portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.

Featured Story: How does new data get added to a blockchain?

Analyst Recommendations for ConocoPhillips (NYSE:COP)

Receive News & Ratings for ConocoPhillips Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ConocoPhillips and related companies with MarketBeat.com's FREE daily email newsletter.