News coverage about ConocoPhillips (NYSE:COP) has trended somewhat positive this week, according to Accern Sentiment Analysis. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. ConocoPhillips earned a news impact score of 0.11 on Accern’s scale. Accern also gave press coverage about the energy producer an impact score of 46.1672158867979 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Shell, ConocoPhillips seek seabed clearance answers (energyvoice.com)
- ConocoPhillips confirms Willow discovery appraisal on ANS (ogj.com)
- ConocoPhillips sees more promise in Alaskan oil (chron.com)
- Zacks: Analysts Expect ConocoPhillips (COP) Will Post Quarterly Sales of $8.53 Billion (americanbankingnews.com)
- ConocoPhillips (COP) Upgraded to Hold by ValuEngine (americanbankingnews.com)
A number of research firms have weighed in on COP. Royal Bank of Canada set a $70.00 target price on ConocoPhillips and gave the company a “buy” rating in a report on Friday. Scotiabank restated a “buy” rating and issued a $64.00 price target on shares of ConocoPhillips in a research report on Monday, April 9th. JPMorgan Chase upped their price target on ConocoPhillips from $62.00 to $64.00 and gave the stock an “overweight” rating in a research report on Monday, April 9th. Cowen set a $70.00 price target on ConocoPhillips and gave the stock a “buy” rating in a research report on Thursday, January 18th. Finally, Howard Weil cut ConocoPhillips from a “focus list” rating to an “outperform” rating and set a $58.00 price target for the company. in a research report on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $60.42.
ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, February 1st. The energy producer reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. ConocoPhillips had a positive return on equity of 2.81% and a negative net margin of 2.04%. The business had revenue of $8.74 billion during the quarter, compared to analyst estimates of $7.70 billion. During the same period last year, the company earned ($0.26) EPS. analysts expect that ConocoPhillips will post 2.92 earnings per share for the current fiscal year.
ConocoPhillips announced that its Board of Directors has authorized a share buyback plan on Thursday, February 1st that permits the company to buyback $500.00 million in shares. This buyback authorization permits the energy producer to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its stock is undervalued.
In other ConocoPhillips news, SVP Andrew D. Lundquist sold 25,000 shares of ConocoPhillips stock in a transaction on Thursday, March 29th. The stock was sold at an average price of $58.96, for a total transaction of $1,474,000.00. Following the completion of the sale, the senior vice president now directly owns 27,353 shares of the company’s stock, valued at approximately $1,612,732.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.88% of the company’s stock.
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ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. Its portfolio includes North American tight oil and oil sands assets in Canada; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; and an inventory of conventional and unconventional exploration prospects.
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