ConocoPhillips (NYSE:COP) posted its earnings results on Thursday. The energy producer reported ($0.92) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.58) by ($0.34), MarketWatch Earnings reports. The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.19 billion. ConocoPhillips had a return on equity of 3.72% and a net margin of 8.49%. During the same period in the previous year, the company earned $1.01 earnings per share.
NYSE COP opened at $37.39 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.04 and a current ratio of 2.69. The firm has a 50-day simple moving average of $41.34 and a 200 day simple moving average of $44.25. ConocoPhillips has a twelve month low of $20.84 and a twelve month high of $67.13. The stock has a market cap of $40.10 billion, a PE ratio of 18.42 and a beta of 1.69.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, July 20th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.49%. The ex-dividend date is Friday, July 17th. ConocoPhillips’s payout ratio is presently 46.80%.
Several equities analysts have commented on the stock. Bank of America downgraded shares of ConocoPhillips from a “buy” rating to a “neutral” rating and increased their target price for the stock from $43.00 to $46.00 in a research report on Friday, May 1st. They noted that the move was a valuation call. Piper Sandler increased their target price on shares of ConocoPhillips from $49.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. UBS Group increased their target price on shares of ConocoPhillips from $50.00 to $62.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Jefferies Financial Group assumed coverage on shares of ConocoPhillips in a research report on Friday, June 12th. They set a “buy” rating and a $56.00 target price on the stock. Finally, Mizuho increased their target price on shares of ConocoPhillips from $37.00 to $46.00 in a research report on Friday, June 19th. Five analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. ConocoPhillips presently has a consensus rating of “Buy” and an average price target of $56.25.
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the tight oil reservoirs, LNG, oil sands, and other production operations. Its 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 conventional and unconventional exploration prospects.
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