ConocoPhillips (NYSE:COP) Price Target Raised to $132.00 at Barclays

ConocoPhillips (NYSE:COPGet Rating) had its price objective increased by equities researchers at Barclays from $131.00 to $132.00 in a note issued to investors on Wednesday, The Fly reports. Barclays‘s target price indicates a potential upside of 20.57% from the stock’s previous close.

Several other equities analysts have also recently commented on the stock. Morgan Stanley increased their price target on shares of ConocoPhillips from $96.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, April 22nd. Mizuho increased their price target on shares of ConocoPhillips from $115.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, March 31st. Susquehanna Bancshares raised their target price on shares of ConocoPhillips from $108.00 to $129.00 in a report on Monday, April 25th. Bank of America lowered shares of ConocoPhillips from a “buy” rating to a “neutral” rating and raised their price target for the company from $110.00 to $135.00 in a research note on Tuesday, March 8th. Finally, Credit Suisse Group raised their price objective on shares of ConocoPhillips from $97.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, February 4th. Four analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, ConocoPhillips presently has an average rating of “Buy” and a consensus target price of $105.83.

NYSE:COP opened at $109.48 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.51 and a quick ratio of 1.41. The firm has a 50-day moving average of $100.95 and a two-hundred day moving average of $88.72. The stock has a market cap of $141.61 billion, a P/E ratio of 11.29, a PEG ratio of 0.38 and a beta of 1.36. ConocoPhillips has a 1-year low of $51.41 and a 1-year high of $109.98.

ConocoPhillips (NYSE:COPGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The energy producer reported $3.27 EPS for the quarter, topping the consensus estimate of $3.24 by $0.03. 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 analysts’ expectations of $18.36 billion. During the same quarter last year, the company posted $0.69 earnings per share. The company’s quarterly revenue was up 82.7% compared to the same quarter last year. As a group, equities analysts expect that ConocoPhillips will post 14.5 earnings per share for the current year.

In other news, VP Heather G. Sirdashney sold 5,700 shares of the stock in a transaction on Friday, March 4th. The shares were sold at an average price of $98.71, for a total transaction of $562,647.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Timothy A. Leach sold 40,603 shares of the stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $102.33, for a total transaction of $4,154,904.99. Following the sale, the director now owns 666,002 shares of the company’s stock, valued at $68,151,984.66. The disclosure for this sale can be found here. In the last three months, insiders sold 65,903 shares of company stock valued at $6,676,572. 0.08% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. James Investment Research Inc. acquired a new stake in ConocoPhillips in the first quarter worth $29,000. Fairfield Bush & CO. acquired a new stake in ConocoPhillips in the first quarter worth $31,000. Versant Capital Management Inc grew its holdings in ConocoPhillips by 93.1% in the first quarter. Versant Capital Management Inc now owns 365 shares of the energy producer’s stock worth $37,000 after purchasing an additional 176 shares during the period. Delos Wealth Advisors LLC grew its holdings in ConocoPhillips by 1,300.0% in the fourth quarter. Delos Wealth Advisors LLC now owns 378 shares of the energy producer’s stock worth $27,000 after purchasing an additional 351 shares during the period. Finally, Bell Investment Advisors Inc acquired a new stake in ConocoPhillips in the third quarter worth $26,000. Institutional investors own 78.80% of the company’s stock.

About ConocoPhillips (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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