ConocoPhillips (NYSE:COP) Given New $100.00 Price Target at Roth Capital

Key Points

• Roth Capital has lowered its price target for ConocoPhillips from $108.00 to $100.00, while maintaining a "buy" rating on the stock, suggesting a potential upside of 12.73% from the current price.
• Analysts have mixed views on ConocoPhillips, with Raymond James downgrading its price target to $115.00 but maintaining an "outperform" rating, while Royal Bank of Canada raised its target to $118.00 with an "outperform" rating.
• As of the latest earnings report, ConocoPhillips posted $1.42 earnings per share, beating estimates, with a revenue of $14.94 billion for the quarter, marking a 4.3% increase compared to the same period last year.

ConocoPhillips (NYSE:COP - Get Free Report) had its price objective decreased by equities researchers at Roth Capital from $108.00 to $100.00 in a note issued to investors on Wednesday,MarketScreener reports. The brokerage presently has a "buy" rating on the energy producer's stock. Roth Capital's price target points to a potential upside of 12.73% from the company's previous close.

A number of other analysts also recently commented on COP. Raymond James Financial dropped their target price on shares of ConocoPhillips from $117.00 to $115.00 and set an "outperform" rating on the stock in a report on Monday, September 8th. Melius initiated coverage on shares of ConocoPhillips in a report on Wednesday, August 20th. They issued a "hold" rating and a $117.00 target price on the stock. Weiss Ratings reiterated a "hold (c-)" rating on shares of ConocoPhillips in a report on Wednesday, October 8th. Royal Bank Of Canada boosted their target price on shares of ConocoPhillips from $113.00 to $118.00 and gave the stock an "outperform" rating in a report on Monday. Finally, Morgan Stanley dropped their target price on shares of ConocoPhillips from $123.00 to $122.00 and set an "overweight" rating on the stock in a research report on Tuesday. Seventeen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $116.78.

ConocoPhillips Trading Up 0.6%

Shares of NYSE:COP opened at $88.71 on Wednesday. The company has a market cap of $110.79 billion, a PE ratio of 11.87, a P/E/G ratio of 2.36 and a beta of 0.62. The company's 50-day moving average price is $94.42 and its 200 day moving average price is $92.32. ConocoPhillips has a fifty-two week low of $79.88 and a fifty-two week high of $115.38. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.35.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The energy producer reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.06. ConocoPhillips had a net margin of 15.26% and a return on equity of 14.60%. The firm had revenue of $14.94 billion for the quarter, compared to the consensus estimate of $14.39 billion. During the same period last year, the firm posted $1.98 EPS. ConocoPhillips's quarterly revenue was up 4.3% compared to the same quarter last year. Sell-side analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current year.

Institutional Trading of ConocoPhillips

Several large investors have recently added to or reduced their stakes in the business. Howard Hughes Medical Institute acquired a new stake in shares of ConocoPhillips in the second quarter worth $25,000. Financial Network Wealth Advisors LLC lifted its stake in shares of ConocoPhillips by 341.5% in the first quarter. Financial Network Wealth Advisors LLC now owns 287 shares of the energy producer's stock worth $30,000 after buying an additional 222 shares during the last quarter. Stone House Investment Management LLC acquired a new stake in shares of ConocoPhillips in the first quarter worth $31,000. Bogart Wealth LLC raised its stake in ConocoPhillips by 136.8% during the 2nd quarter. Bogart Wealth LLC now owns 315 shares of the energy producer's stock valued at $28,000 after purchasing an additional 182 shares during the last quarter. Finally, Activest Wealth Management raised its stake in ConocoPhillips by 249.5% during the 2nd quarter. Activest Wealth Management now owns 325 shares of the energy producer's stock valued at $29,000 after purchasing an additional 232 shares during the last quarter. 82.36% of the stock is owned by institutional investors.

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.

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