Analysts predict that ConocoPhillips (NYSE:COP) will announce earnings per share (EPS) of $1.32 for the current quarter, according to Zacks. Three analysts have made estimates for ConocoPhillips’ earnings, with estimates ranging from $1.10 to $1.66. ConocoPhillips posted earnings per share of $0.45 in the same quarter last year, which would indicate a positive year-over-year growth rate of 193.3%. The firm is scheduled to announce its next quarterly earnings report on Thursday, February 7th.
According to Zacks, analysts expect that ConocoPhillips will report full year earnings of $4.75 per share for the current year, with EPS estimates ranging from $4.42 to $5.07. For the next fiscal year, analysts anticipate that the firm will post earnings of $5.34 per share, with EPS estimates ranging from $3.67 to $7.43. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that follow ConocoPhillips.
ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, October 25th. The energy producer reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.19. ConocoPhillips had a net margin of 16.08% and a return on equity of 14.62%. The company had revenue of $10.17 billion during the quarter, compared to analyst estimates of $9.48 billion.
COP has been the subject of several research analyst reports. Citigroup boosted their price target on shares of ConocoPhillips from $80.00 to $90.00 and gave the company a “buy” rating in a report on Friday, October 5th. Bank of America cut shares of ConocoPhillips from a “buy” rating to a “neutral” rating and set a $80.00 price objective on the stock. in a research report on Thursday, September 6th. Morgan Stanley set a $88.00 price objective on shares of ConocoPhillips and gave the company a “buy” rating in a research report on Friday, October 12th. Zacks Investment Research raised shares of ConocoPhillips from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a research report on Thursday, August 23rd. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $80.00 price objective on shares of ConocoPhillips in a research report on Wednesday, August 15th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $74.63.
Shares of COP stock traded down $0.70 on Friday, hitting $65.91. The stock had a trading volume of 7,946,165 shares, compared to its average volume of 6,647,746. ConocoPhillips has a twelve month low of $50.18 and a twelve month high of $80.24. The firm has a market capitalization of $76.68 billion, a price-to-earnings ratio of 109.85, a price-to-earnings-growth ratio of 1.56 and a beta of 1.22. The company has a quick ratio of 1.82, a current ratio of 1.99 and a debt-to-equity ratio of 0.46.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Monday, October 15th were given a $0.305 dividend. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.29. This represents a $1.22 annualized dividend and a yield of 1.85%. The ex-dividend date was Friday, October 12th. ConocoPhillips’s payout ratio is currently 203.33%.
In related news, VP Glenda Mae Schwarz sold 18,882 shares of the business’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $71.15, for a total value of $1,343,454.30. Following the sale, the vice president now directly owns 29,064 shares of the company’s stock, valued at approximately $2,067,903.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.88% of the company’s stock.
Large investors have recently modified their holdings of the business. Bell Rock Capital LLC acquired a new position in shares of ConocoPhillips during the 3rd quarter worth about $105,000. Central Bank & Trust Co. increased its stake in shares of ConocoPhillips by 1,006.7% during the 3rd quarter. Central Bank & Trust Co. now owns 1,660 shares of the energy producer’s stock worth $128,000 after purchasing an additional 1,510 shares during the last quarter. Palo Capital Inc. acquired a new position in shares of ConocoPhillips during the 3rd quarter worth about $131,000. Lucia Wealth Services LLC increased its stake in shares of ConocoPhillips by 541.3% during the 2nd quarter. Lucia Wealth Services LLC now owns 2,251 shares of the energy producer’s stock worth $157,000 after purchasing an additional 1,900 shares during the last quarter. Finally, NuWave Investment Management LLC increased its stake in shares of ConocoPhillips by 8,000.0% during the 3rd quarter. NuWave Investment Management LLC now owns 2,025 shares of the energy producer’s stock worth $157,000 after purchasing an additional 2,000 shares during the last quarter. 71.89% of the stock is currently owned by hedge funds and other institutional investors.
ConocoPhillips Company Profile
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. Its portfolio includes North American tight oil and oil sands assets in Canada; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; and an inventory of conventional and unconventional exploration prospects.
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