ConocoPhillips (NYSE:COP) Stock Price Expected to Rise, Capital One Financial Analyst Says

Key Points

• Capital One Financial raised its price target for ConocoPhillips from $111.00 to $112.00, suggesting an approximate 18.94% upside from the current stock price of $94.17.
• The stock receives a consensus rating of "Moderate Buy" from 16 analysts, with an average price target of $119.77.
• ConocoPhillips reported a quarterly earnings per share of $1.42, surpassing expectations, with a revenue of $14.94 billion for the quarter.

ConocoPhillips (NYSE:COP - Get Free Report) had its price target boosted by analysts at Capital One Financial from $111.00 to $112.00 in a research report issued to clients and investors on Friday,MarketScreener reports. Capital One Financial's price objective would indicate a potential upside of 18.94% from the stock's current price.

Other research analysts also recently issued reports about the company. Roth Capital reissued a "buy" rating on shares of ConocoPhillips in a research note on Wednesday, September 3rd. Melius Research started coverage on shares of ConocoPhillips in a report on Wednesday, August 20th. They set a "hold" rating and a $117.00 price objective for the company. UBS Group lifted their target price on shares of ConocoPhillips from $116.00 to $124.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. Mizuho decreased their price target on shares of ConocoPhillips from $125.00 to $120.00 and set an "outperform" rating for the company in a report on Monday, September 15th. Finally, Piper Sandler lifted their price objective on ConocoPhillips from $123.00 to $124.00 and gave the stock an "overweight" rating in a research note on Monday, August 18th. Sixteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $119.77.

ConocoPhillips Stock Up 0.8%

Shares of ConocoPhillips stock opened at $94.17 on Friday. The stock has a 50-day simple moving average of $94.92 and a 200-day simple moving average of $92.91. ConocoPhillips has a 52-week low of $79.88 and a 52-week high of $116.08. The firm has a market cap of $117.61 billion, a price-to-earnings ratio of 12.64, a P/E/G ratio of 2.46 and a beta of 0.62. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.27 and a quick ratio of 1.10.

ConocoPhillips (NYSE:COP - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The energy producer reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.06. The business had revenue of $14.94 billion during the quarter, compared to analyst estimates of $14.39 billion. ConocoPhillips had a net margin of 15.26% and a return on equity of 14.60%. ConocoPhillips's quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.98 EPS. On average, equities research analysts expect that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

Institutional Trading of ConocoPhillips

Hedge funds have recently modified their holdings of the company. HCR Wealth Advisors boosted its stake in ConocoPhillips by 3.9% in the third quarter. HCR Wealth Advisors now owns 37,931 shares of the energy producer's stock worth $3,542,000 after purchasing an additional 1,425 shares in the last quarter. Cardinal Capital Management Inc. boosted its position in ConocoPhillips by 6.0% in the 3rd quarter. Cardinal Capital Management Inc. now owns 131,443 shares of the energy producer's stock valued at $12,433,000 after buying an additional 7,420 shares during the last quarter. Summit Financial Wealth Advisors LLC increased its stake in shares of ConocoPhillips by 15.0% in the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 4,869 shares of the energy producer's stock valued at $465,000 after buying an additional 635 shares during the period. Aaron Wealth Advisors LLC raised its position in shares of ConocoPhillips by 95.1% during the third quarter. Aaron Wealth Advisors LLC now owns 12,815 shares of the energy producer's stock worth $1,212,000 after acquiring an additional 6,246 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of ConocoPhillips by 14.3% during the third quarter. GAMMA Investing LLC now owns 39,462 shares of the energy producer's stock valued at $3,733,000 after acquiring an additional 4,928 shares during the period. Institutional investors and hedge funds own 82.36% of the company's stock.

About ConocoPhillips

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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