Wall Street analysts expect ConocoPhillips (NYSE:COP) to announce earnings of $0.38 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for ConocoPhillips’ earnings, with the highest EPS estimate coming in at $0.77 and the lowest estimate coming in at $0.17. ConocoPhillips reported earnings per share of ($0.26) during the same quarter last year, which suggests a positive year over year growth rate of 246.2%. The company is scheduled to report its next earnings report on Thursday, February 1st.
On average, analysts expect that ConocoPhillips will report full year earnings of $0.54 per share for the current financial year, with EPS estimates ranging from $0.21 to $0.91. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.67 per share, with EPS estimates ranging from $0.69 to $3.54. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow ConocoPhillips.
ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, October 26th. The energy producer reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.08. The business had revenue of $7.20 billion during the quarter, compared to analyst estimates of $6.55 billion. ConocoPhillips had a positive return on equity of 0.12% and a negative net margin of 7.32%. During the same period in the previous year, the company earned ($0.66) EPS.
Several equities research analysts recently weighed in on COP shares. Royal Bank Of Canada boosted their target price on ConocoPhillips from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, November 9th. Piper Jaffray Companies restated a “buy” rating and issued a $53.00 target price on shares of ConocoPhillips in a report on Friday, November 3rd. Wells Fargo & Company boosted their target price on ConocoPhillips from $57.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Barclays PLC boosted their target price on ConocoPhillips from $55.00 to $59.00 and gave the stock an “overweight” rating in a report on Friday, October 27th. Finally, Scotiabank reaffirmed a “buy” rating and issued a $53.00 price target on shares of ConocoPhillips in a research report on Wednesday, November 1st. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. ConocoPhillips presently has an average rating of “Hold” and an average target price of $55.37.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Boothbay Fund Management LLC bought a new stake in ConocoPhillips in the third quarter valued at about $231,000. Oppenheimer Asset Management Inc. increased its holdings in ConocoPhillips by 3.2% in the third quarter. Oppenheimer Asset Management Inc. now owns 240,116 shares of the energy producer’s stock valued at $12,018,000 after purchasing an additional 7,476 shares during the last quarter. Magnetar Financial LLC increased its holdings in ConocoPhillips by 442.0% in the third quarter. Magnetar Financial LLC now owns 41,554 shares of the energy producer’s stock valued at $2,080,000 after purchasing an additional 33,887 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in ConocoPhillips by 0.4% in the third quarter. Asset Management One Co. Ltd. now owns 1,951,394 shares of the energy producer’s stock valued at $97,662,000 after purchasing an additional 7,280 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in ConocoPhillips by 93.8% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 840,000 shares of the energy producer’s stock valued at $42,219,000 after purchasing an additional 406,600 shares during the last quarter. Institutional investors and hedge funds own 70.08% of the company’s stock.
Shares of ConocoPhillips (NYSE COP) traded down $0.42 during trading on Friday, hitting $52.57. The stock had a trading volume of 6,728,200 shares, compared to its average volume of 7,217,549. The firm has a market cap of $63,350.39, a price-to-earnings ratio of 2,649.50, a price-to-earnings-growth ratio of 13.72 and a beta of 1.28. The company has a current ratio of 2.38, a quick ratio of 2.23 and a debt-to-equity ratio of 0.64. ConocoPhillips has a fifty-two week low of $42.26 and a fifty-two week high of $54.22.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, October 16th will be paid a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Friday, October 13th. ConocoPhillips’s dividend payout ratio (DPR) is presently -57.30%.
ConocoPhillips Company Profile
ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through five segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International.
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