Scotiabank Estimates ConocoPhillips FY2026 Earnings

ConocoPhillips (NYSE:COP - Free Report) - Investment analysts at Scotiabank issued their FY2026 earnings estimates for ConocoPhillips in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst P. Cheng forecasts that the energy producer will earn $7.05 per share for the year. Scotiabank has a "Sector Perform" rating and a $115.00 price target on the stock. The consensus estimate for ConocoPhillips' current full-year earnings is $7.77 per share.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The energy producer reported $1.78 EPS for the quarter, beating analysts' consensus estimates of $1.68 by $0.10. ConocoPhillips had a net margin of 17.29% and a return on equity of 19.53%. The business had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.97 billion. During the same quarter in the previous year, the business posted $2.16 EPS. ConocoPhillips's quarterly revenue was down 8.5% on a year-over-year basis.

COP has been the subject of several other reports. Piper Sandler reduced their target price on ConocoPhillips from $135.00 to $114.00 and set an "overweight" rating for the company in a report on Thursday, December 19th. Susquehanna increased their price objective on ConocoPhillips from $144.00 to $148.00 and gave the stock a "positive" rating in a report on Friday, November 1st. Royal Bank of Canada reissued an "outperform" rating and issued a $140.00 price target on shares of ConocoPhillips in a report on Friday, September 13th. Mizuho upgraded shares of ConocoPhillips from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $132.00 to $134.00 in a research report on Monday, December 16th. Finally, Truist Financial cut their price objective on ConocoPhillips from $145.00 to $138.00 and set a "buy" rating for the company in a report on Monday, September 30th. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, ConocoPhillips presently has an average rating of "Buy" and an average target price of $136.71.

ConocoPhillips Stock Up 0.3 %

NYSE COP traded up $0.31 on Friday, reaching $101.93. The company had a trading volume of 7,013,211 shares, compared to its average volume of 5,647,431. ConocoPhillips has a 52-week low of $94.23 and a 52-week high of $135.18. The stock has a market capitalization of $117.31 billion, a P/E ratio of 12.12, a P/E/G ratio of 0.83 and a beta of 1.19. The company's fifty day moving average is $104.39 and its 200 day moving average is $107.79. The company has a quick ratio of 1.16, a current ratio of 1.30 and a debt-to-equity ratio of 0.34.

ConocoPhillips Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 11th were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 3.06%. This is a positive change from ConocoPhillips's previous quarterly dividend of $0.58. The ex-dividend date was Friday, November 8th. ConocoPhillips's dividend payout ratio (DPR) is presently 37.10%.

Insider Activity

In other ConocoPhillips news, Director R A. Walker bought 10,400 shares of the firm's stock in a transaction on Tuesday, December 17th. The stock was acquired at an average price of $97.80 per share, with a total value of $1,017,120.00. Following the transaction, the director now owns 38,000 shares in the company, valued at $3,716,400. This represents a 37.68 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Arjun N. Murti bought 2,500 shares of the company's stock in a transaction that occurred on 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 acquisition, the director now directly owns 21,500 shares of the company's stock, valued at $2,061,205. The trade was a 13.16 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.34% of the company's stock.

Institutional Investors Weigh In On ConocoPhillips

Hedge funds have recently modified their holdings of the business. Tidal Investments LLC increased its stake in shares of ConocoPhillips by 42.7% in the third quarter. Tidal Investments LLC now owns 103,553 shares of the energy producer's stock worth $10,902,000 after purchasing an additional 31,011 shares in the last quarter. Alpha DNA Investment Management LLC raised its position in shares of ConocoPhillips by 83.8% during the 2nd quarter. Alpha DNA Investment Management LLC now owns 16,427 shares of the energy producer's stock valued at $1,879,000 after buying an additional 7,490 shares in the last quarter. Prospera Financial Services Inc lifted its holdings in shares of ConocoPhillips by 23.6% in the 3rd quarter. Prospera Financial Services Inc now owns 71,097 shares of the energy producer's stock valued at $7,488,000 after acquiring an additional 13,595 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of ConocoPhillips by 1.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,489,514 shares of the energy producer's stock valued at $262,094,000 after purchasing an additional 46,621 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its position in ConocoPhillips by 5,422.3% in the third quarter. Pacer Advisors Inc. now owns 4,587,729 shares of the energy producer's stock worth $482,996,000 after buying an additional 4,504,653 shares during the last quarter. Institutional investors own 82.36% 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.