Stocks of Conoco Phillips (NYSE:COP) traded higher last session on Wall Street, down -0.28% to $114.85.
According to the data, Conoco Phillips (NYSE:COP) has 27 analysts covering its stock. 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 $115.17, this indicates a potential upside of 20.69 percent. COP stock price is now -3.73% away from the 50-day moving average and 5.09% away from the 200-day moving average. The market capitalization of the company currently stands at $136.37B.
A total of 5 analysts have issued a hold rating and 20 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 $66.47 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 $149.51 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
Wednesday’s opening bell rang with an opening price of $112.02 for Conoco Phillips (NYSE: COP). During the past 12 months, Conoco Phillips has had a low of $89.98 and a high of $127.53. 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 $119.42 and a two-hundred day moving average price translates $110.12 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 $15.59B in revenue.
