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

Several analysts recently weighed in on COP shares. Mizuho dropped their price target on ConocoPhillips from $148.00 to $138.00 and set a "buy" rating for the company in a report on Thursday. Susquehanna Bancshares boosted their price target on ConocoPhillips from $108.00 to $129.00 in a research note on Monday, April 25th. Piper Sandler dropped their price objective on ConocoPhillips from $148.00 to $123.00 and set an "overweight" rating for the company in a report on Tuesday, July 19th. StockNews.com cut ConocoPhillips from a "buy" rating to a "hold" rating in a research report on Tuesday. Finally, Morgan Stanley reduced their price objective on shares of ConocoPhillips from $118.00 to $117.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 19th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $119.84.

ConocoPhillips Price Performance

Shares of NYSE:COP opened at $104.88 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.44 and a debt-to-equity ratio of 0.32. The firm's 50-day moving average price is $93.74 and its 200-day moving average price is $98.08. The firm has a market capitalization of $135.66 billion, a P/E ratio of 8.66, a P/E/G ratio of 0.33 and a beta of 1.38. ConocoPhillips has a 1-year low of $51.41 and a 1-year high of $124.08.

ConocoPhillips (NYSE:COP - Get Rating) last released 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 net margin of 23.10% and a return on equity of 31.24%. During the same period in the prior year, the company posted $1.27 EPS. Equities research analysts anticipate that ConocoPhillips will post 14.82 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently disclosed a None dividend, which will be paid on Friday, October 14th. Stockholders of record on Thursday, September 29th will be paid a $1.40 dividend. The ex-dividend date is Thursday, September 29th. ConocoPhillips's dividend payout ratio (DPR) is presently 15.19%.

Insider Activity

In other ConocoPhillips news, CEO Ryan Michael Lance sold 584,900 shares of ConocoPhillips stock in a transaction 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 transaction, the chief executive officer now directly owns 44,522 shares of the company's stock, valued at approximately $5,396,511.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Ryan Michael Lance sold 584,900 shares of the business's stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $121.21, for a total value of $70,895,729.00. Following the transaction, the chief executive officer now owns 44,522 shares in the company, valued at approximately $5,396,511.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Nicholas G. Olds sold 19,200 shares of ConocoPhillips stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $110.51, for a total value of $2,121,792.00. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company's stock.