ConocoPhillips (NYSE:COP) Price Target Raised to $148.00 at Susquehanna

ConocoPhillips (NYSE:COP) had its price objective lifted by equities research analysts at Susquehanna from $144.00 to $148.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “positive” rating on the energy producer’s stock. Susquehanna’s price objective indicates a potential upside of 36.71% from the company’s previous close.

COP has been the subject of several other research reports. Mizuho reduced their price objective on shares of ConocoPhillips from $132.00 to $129.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $126.00 price objective (down previously from $139.00) on shares of ConocoPhillips in a report on Friday, October 11th. Royal Bank of Canada reissued an “outperform” rating and issued a $140.00 target price on shares of ConocoPhillips in a report on Friday, September 13th. Barclays raised their price target on ConocoPhillips from $135.00 to $137.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Sanford C. Bernstein reduced their price objective on ConocoPhillips from $147.00 to $132.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Six equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $137.29.

ConocoPhillips Stock Down 1.2 %

Shares of COP stock traded down $1.28 on Friday, reaching $108.26. 1,849,587 shares of the stock were exchanged, compared to its average volume of 5,881,837. ConocoPhillips has a twelve month low of $101.29 and a twelve month high of $135.18. The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $125.72 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 0.84 and a beta of 1.21. The business’s 50 day moving average price is $108.01 and its 200 day moving average price is $113.17.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, October 31st. The energy producer reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.10. The business had revenue of $13.60 billion for the quarter, compared to the consensus estimate of $13.97 billion. ConocoPhillips had a return on equity of 20.81% and a net margin of 18.18%. The business’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.16 EPS. As a group, sell-side analysts expect that ConocoPhillips will post 7.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Timothy A. Leach sold 55,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $108.11, for a total value of $6,000,105.00. Following the completion of the sale, the director now directly owns 455,909 shares of the company’s stock, valued at $49,288,321.99. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.34% of the stock is currently owned by insiders.

Institutional Trading of ConocoPhillips

Institutional investors have recently added to or reduced their stakes in the stock. Values First Advisors Inc. purchased a new stake in shares of ConocoPhillips during the 3rd quarter worth approximately $26,000. Stephens Consulting LLC raised its holdings in ConocoPhillips by 69.3% during the second quarter. Stephens Consulting LLC now owns 254 shares of the energy producer’s stock worth $29,000 after purchasing an additional 104 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in ConocoPhillips during the third quarter worth $31,000. Ruedi Wealth Management Inc. grew its holdings in ConocoPhillips by 150.0% in the first quarter. Ruedi Wealth Management Inc. now owns 250 shares of the energy producer’s stock valued at $32,000 after purchasing an additional 150 shares during the last quarter. Finally, Y.D. More Investments Ltd purchased a new position in shares of ConocoPhillips in the second quarter valued at $35,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.

About ConocoPhillips

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.