ConocoPhillips (COP) to Release Quarterly Earnings on Thursday

ConocoPhillips (NYSE:COP - Get Free Report) is anticipated to announce its Q4 2024 earnings results before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $1.78 per share and revenue of $14.22 billion for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 EPS for the quarter, topping analysts' consensus estimates of $1.78 by $0.20. ConocoPhillips had a return on equity of 19.53% and a net margin of 17.29%. On average, analysts expect ConocoPhillips to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

ConocoPhillips Stock Performance

Shares of NYSE:COP traded down $1.60 during trading on Friday, hitting $98.34. The stock had a trading volume of 12,120,275 shares, compared to its average volume of 6,124,630. ConocoPhillips has a 12-month low of $94.23 and a 12-month high of $135.18. The stock has a 50-day simple moving average of $101.25 and a two-hundred day simple moving average of $106.28. The company has a quick ratio of 1.16, a current ratio of 1.30 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $113.18 billion, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 0.76 and a beta of 1.18.

ConocoPhillips Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.17%. ConocoPhillips's payout ratio is currently 37.10%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. JPMorgan Chase & Co. upgraded ConocoPhillips from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $120.00 to $123.00 in a research note on Thursday, December 5th. TD Cowen began coverage on shares of ConocoPhillips in a research note on Friday, January 17th. They issued a "buy" rating and a $125.00 target price for the company. Evercore ISI restated an "outperform" rating and set a $165.00 price target on shares of ConocoPhillips in a research report on Friday, December 6th. Piper Sandler lowered their target price on shares of ConocoPhillips from $135.00 to $114.00 and set an "overweight" rating on the stock in a research note on Thursday, December 19th. Finally, Barclays upped their price target on ConocoPhillips from $135.00 to $137.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, ConocoPhillips has an average rating of "Buy" and a consensus target price of $135.89.

Insider Activity

In related news, Director R A. Walker purchased 10,400 shares of the company's stock in a transaction on Tuesday, December 17th. The stock was acquired at an average cost of $97.80 per share, for a total transaction of $1,017,120.00. Following the completion of the transaction, the director now directly owns 38,000 shares in the company, valued at approximately $3,716,400. The trade was a 37.68 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Arjun N. Murti acquired 2,500 shares of the firm's stock in a transaction dated Friday, December 20th. The stock was bought at an average price of $95.87 per share, for a total transaction of $239,675.00. Following the completion of the acquisition, the director now owns 21,500 shares in the company, valued at approximately $2,061,205. The trade was a 13.16 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.34% of the company's stock.

ConocoPhillips Company Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.