The stock of Conoco Phillips (NYSE:COP) last traded at $115.03, down -0.44% from the previous session.
Data from the available sources indicates that Conoco Phillips (NYSE:COP) is covered by 28 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $164.00 and a low of $117.00, we find $139.00. Given the previous closing price of $115.54, this indicates a potential upside of 20.3 percent. COP stock price is now -4.16% away from the 50-day moving average and 5.33% away from the 200-day moving average. The market capitalization of the company currently stands at $136.59B.
In total, 5 analysts have assigned it a hold rating, and 21 have given it a buy rating. Brokers who have rated the stock have averaged $140.12 as their price target over the next twelve months.
With the price target of $135, Johnson Rice recently initiated with Accumulate rating for Conoco Phillips (NYSE: COP).
In other news, LEACH TIMOTHY A, Director sold 44,000 shares of the company’s stock on Nov 09. The stock was sold for $5,044,200 at an average price of $114.64. Upon completion of the transaction, the Director now directly owns 578,748 shares in the company, valued at $66.57 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 27, Senior Vice President LUNDQUIST ANDREW D sold 30,800 shares of the business’s stock. A total of $3,813,825 was realized by selling the stock at an average price of $123.83. This leaves the insider owning 5,937 shares of the company worth $0.68 million. Insiders disposed of 1,301,782 shares of company stock worth roughly $149.74 million over the past 1 year. A total of 0.12% of the company’s stock is owned by insiders.
With an opening price of $115.00 on Wednesday morning, Conoco Phillips (NYSE: COP) set off the trading day. During the past 12 months, Conoco Phillips has had a low of $89.98 and a high of $131.72. As of last week, the company has a debt-to-equity ratio of 0.40, a current ratio of 1.66, and a quick ratio of 1.53. The fifty day moving average price for COP is $120.04 and a two-hundred day moving average price translates $110.06 for the stock.
The latest earnings results from Conoco Phillips (NYSE: COP) was released for Sep, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $2.16, beating analysts’ expectations of $2.08 by 0.08. This compares to $3.55 EPS in the same period last year. The net profit margin was 18.69% and return on equity was 23.10% for COP. The company reported revenue of $14.87 billion for the quarter, compared to $21.61 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -31.22 percent. For the current quarter, analysts expect COP to generate $15.5B in revenue.
Conoco Phillips(COP) Company Profile
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States and internationally. 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 global exploration prospects. ConocoPhillips was founded in 1917 and is headquartered in Houston, Texas.