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

A number of equities research analysts have commented on the stock. Susquehanna raised their price target on shares of ConocoPhillips from $108.00 to $129.00 in a report on Monday, April 25th. Piper Sandler reduced their price objective on shares of ConocoPhillips from $148.00 to $123.00 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 reduced their price objective for the company from $135.00 to $134.00 in a report on Tuesday, July 19th. Mizuho reduced their price objective on shares of ConocoPhillips from $157.00 to $148.00 and set a "buy" rating for the company in a report on Tuesday, July 19th. Finally, Scotiabank upgraded shares of ConocoPhillips from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from $110.00 to $115.00 in a report on Monday, April 18th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $120.37.

ConocoPhillips Stock Performance

COP Stock traded up $2.39 during mid-day trading on Friday, hitting $102.75. The company had a trading volume of 6,684,131 shares, compared to its average volume of 6,395,510. The firm has a market cap of $132.90 billion, a PE ratio of 8.48, a price-to-earnings-growth ratio of 0.33 and a beta of 1.38. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.54. ConocoPhillips has a 12 month low of $51.41 and a 12 month high of $124.08. The stock's fifty day moving average price is $95.21 and its two-hundred day moving average price is $97.72.

ConocoPhillips (NYSE:COP - Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The energy producer reported $3.91 EPS 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 prior year, the business posted $1.27 earnings per share. On average, analysts forecast that ConocoPhillips will post 14.76 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Tuesday, August 16th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.79%. The ex-dividend date is Monday, August 15th. ConocoPhillips's dividend payout ratio is 15.19%.

Insiders Place Their Bets

In other news, EVP Nicholas G. Olds sold 19,200 shares of the business'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 SEC, which is available at the SEC website. In other news, Director Timothy A. Leach sold 40,603 shares of the business's stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $102.33, for a total value of $4,154,904.99. Following the sale, the director now owns 666,002 shares of the company's stock, valued at $68,151,984.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Nicholas G. Olds sold 19,200 shares of the business'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 transaction of $2,121,792.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 644,703 shares of company stock valued at $77,172,426. Company insiders own 0.08% of the company's stock.