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.

ConocoPhillips Trading Up 0.2 %

ConocoPhillips stock traded up $0.26 during trading hours on Friday, reaching $105.14. 6,922,836 shares of the company's stock traded hands, compared to its average volume of 8,325,224. The firm has a market capitalization of $135.99 billion, a price-to-earnings ratio of 8.70, a PEG 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 fifty-two week low of $51.59 and a fifty-two week high of $124.08. The firm's 50 day moving average is $93.74 and its 200-day moving average is $98.08.

ConocoPhillips (NYSE:COP - Get Rating) last announced its quarterly earnings data 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 net margin of 23.10% and a return on equity of 31.24%. During the same quarter last year, the business earned $1.27 earnings per share. On average, analysts predict that ConocoPhillips will post 14.81 earnings per share for the current year.

ConocoPhillips Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on COP shares. Susquehanna Bancshares increased their price objective on shares of ConocoPhillips from $108.00 to $129.00 in a research note on Monday, April 25th. MKM Partners restated a "buy" rating and set a $110.00 target price on shares of ConocoPhillips in a research report on Wednesday, July 20th. Piper Sandler lowered their price target on ConocoPhillips from $148.00 to $123.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 19th. Barclays lifted their price objective on ConocoPhillips from $132.00 to $142.00 and gave the company an "overweight" rating in a report on Tuesday, June 14th. Finally, Societe Generale upped their target price on shares of ConocoPhillips to $127.00 in a report on Thursday, June 9th. Three 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 currently has an average rating of "Moderate Buy" and an average price target of $119.84.

Insider Buying and Selling at ConocoPhillips

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