ConocoPhillips - COP Stock Forecast, Price & News

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. It primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations. The company's 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. ConocoPhillips was founded in 1917 and is headquartered in Houston, Texas.

Analyst Upgrades and Downgrades

COP has been the subject of a number of recent analyst reports. Morgan Stanley cut their price target on shares of ConocoPhillips from $118.00 to $117.00 and set an "overweight" rating for the company in a report on Tuesday, July 19th. Bank of America upgraded shares of ConocoPhillips from a "neutral" rating to a "buy" rating and decreased their price objective for the stock from $135.00 to $134.00 in a research report on Tuesday, July 19th. Mizuho decreased their price objective on shares of ConocoPhillips from $157.00 to $148.00 and set a "buy" rating for the company in a research report on Tuesday, July 19th. Truist Financial dropped their price objective on shares of ConocoPhillips from $126.00 to $123.00 and set a "buy" rating on the stock in a research note on Wednesday, July 13th. Finally, Scotiabank raised shares of ConocoPhillips from a "sector perform" rating to an "outperform" rating and raised their price target for the company from $110.00 to $115.00 in a research report on Monday, April 18th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, ConocoPhillips currently has an average rating of "Moderate Buy" and an average target price of $120.37.

ConocoPhillips Price Performance

COP opened at $95.51 on Wednesday. The company has a market capitalization of $123.54 billion, a price-to-earnings ratio of 7.89, a PEG ratio of 0.30 and a beta of 1.38. The company has a quick ratio of 1.44, a current ratio of 1.54 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average price of $96.20 and a 200-day moving average price of $97.50. ConocoPhillips has a twelve month low of $51.41 and a twelve month high of $124.08.

ConocoPhillips (NYSE:COP - Get Rating) last posted its earnings results on Thursday, August 4th. The energy producer reported $3.91 earnings per share for the quarter, missing the consensus estimate of $3.95 by ($0.04). ConocoPhillips had a return on equity of 31.24% and a net margin of 23.10%. During the same quarter in the previous year, the company posted $1.27 earnings per share. Equities analysts expect that ConocoPhillips will post 14.75 EPS for the current year.

ConocoPhillips Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Tuesday, August 16th will be given a $0.46 dividend. The ex-dividend date of this dividend is Monday, August 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.93%. ConocoPhillips's dividend payout ratio (DPR) is currently 15.19%.

Insider Activity

In other news, EVP Nicholas G. Olds sold 19,200 shares of the firm's stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $110.51, for a total value of $2,121,792.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other ConocoPhillips news, CEO Ryan Michael Lance sold 584,900 shares of ConocoPhillips stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $121.21, for a total transaction of $70,895,729.00. Following the completion of the sale, the chief executive officer now directly owns 44,522 shares in the company, valued at $5,396,511.62. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Nicholas G. Olds sold 19,200 shares of ConocoPhillips stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $110.51, for a total transaction of $2,121,792.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 644,703 shares of company stock worth $77,172,426. 0.40% of the stock is owned by company insiders.