Brokerages Anticipate ConocoPhillips (NYSE:COP) to Announce $3.85 EPS

Equities research analysts expect ConocoPhillips (NYSE:COPGet Rating) to post earnings of $3.85 per share for the current quarter, according to Zacks. Five analysts have made estimates for ConocoPhillips’ earnings, with estimates ranging from $2.98 to $5.68. ConocoPhillips posted earnings of $1.27 per share in the same quarter last year, which would indicate a positive year over year growth rate of 203.1%. The business is expected to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that ConocoPhillips will report full year earnings of $14.50 per share for the current fiscal year, with EPS estimates ranging from $12.08 to $21.68. For the next year, analysts expect that the firm will report earnings of $13.02 per share, with EPS estimates ranging from $9.59 to $22.47. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover ConocoPhillips.

ConocoPhillips (NYSE:COPGet Rating) last announced its earnings results on Thursday, May 5th. The energy producer reported $3.27 earnings per share for the quarter, beating the consensus estimate of $2.53 by $0.74. ConocoPhillips had a net margin of 22.52% and a return on equity of 24.89%. The business had revenue of $19.29 billion for the quarter, compared to the consensus estimate of $18.36 billion. During the same quarter in the prior year, the firm posted $0.69 earnings per share. The business’s revenue for the quarter was up 82.7% on a year-over-year basis.

Several research firms recently commented on COP. KeyCorp raised their price target on shares of ConocoPhillips from $112.00 to $118.00 and gave the stock an “overweight” rating in a research note on Friday, April 8th. Scotiabank raised shares of ConocoPhillips from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $110.00 to $115.00 in a research note on Monday, April 18th. Royal Bank of Canada raised their price target on shares of ConocoPhillips from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Monday, March 7th. Barclays raised their target price on shares of ConocoPhillips from $93.00 to $131.00 in a research report on Friday, March 18th. Finally, Truist Financial raised their target price on shares of ConocoPhillips from $115.00 to $130.00 in a research report on Thursday, April 21st. Five analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, ConocoPhillips presently has a consensus rating of “Buy” and a consensus price target of $105.79.

COP stock opened at $107.69 on Friday. The company has a market capitalization of $139.57 billion, a PE ratio of 11.10, a P/E/G ratio of 0.37 and a beta of 1.36. ConocoPhillips has a 12 month low of $51.41 and a 12 month high of $107.71. The firm’s 50-day moving average is $99.58 and its 200 day moving average is $86.30. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.51 and a quick ratio of 1.23.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Investors of record on Tuesday, May 17th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Monday, May 16th. ConocoPhillips’s dividend payout ratio (DPR) is presently 23.51%.

In related news, EVP Nicholas G. Olds sold 19,600 shares of ConocoPhillips stock in a transaction that occurred on Friday, March 4th. The shares were sold at an average price of $99.95, for a total value of $1,959,020.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Heather G. Sirdashney sold 5,700 shares of ConocoPhillips stock in a transaction that occurred on Friday, March 4th. The stock was sold at an average price of $98.71, for a total transaction of $562,647.00. The disclosure for this sale can be found here. Insiders sold a total of 167,800 shares of company stock valued at $15,730,870 over the last quarter. 0.08% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. James Investment Research Inc. purchased a new position in ConocoPhillips during the 1st quarter worth approximately $29,000. Fairfield Bush & CO. purchased a new position in ConocoPhillips during the 1st quarter worth approximately $31,000. Versant Capital Management Inc increased its holdings in shares of ConocoPhillips by 93.1% during the 1st quarter. Versant Capital Management Inc now owns 365 shares of the energy producer’s stock valued at $37,000 after purchasing an additional 176 shares in the last quarter. Delos Wealth Advisors LLC increased its holdings in shares of ConocoPhillips by 1,300.0% during the 4th quarter. Delos Wealth Advisors LLC now owns 378 shares of the energy producer’s stock valued at $27,000 after purchasing an additional 351 shares in the last quarter. Finally, Bell Investment Advisors Inc purchased a new position in shares of ConocoPhillips during the 3rd quarter valued at approximately $26,000. 78.80% of the stock is owned by institutional investors.

ConocoPhillips Company Profile (Get Rating)

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. It primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations. 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 conventional and unconventional exploration prospects.

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