$1.00 EPS Expected for ConocoPhillips (COP) This Quarter

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Analysts expect ConocoPhillips (NYSE:COP) to announce earnings of $1.00 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for ConocoPhillips’ earnings. The lowest EPS estimate is $0.77 and the highest is $1.20. ConocoPhillips posted earnings of $0.14 per share in the same quarter last year, which would suggest a positive year over year growth rate of 614.3%. The firm is expected to report its next earnings report on Thursday, July 26th.

On average, analysts expect that ConocoPhillips will report full-year earnings of $4.11 per share for the current financial year, with EPS estimates ranging from $3.80 to $4.81. For the next financial year, analysts expect that the firm will post earnings of $4.27 per share, with EPS estimates ranging from $3.73 to $5.13. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow ConocoPhillips.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, April 26th. The energy producer reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.22. ConocoPhillips had a positive return on equity of 6.69% and a negative net margin of 1.64%. The firm had revenue of $8.96 billion during the quarter, compared to the consensus estimate of $8.68 billion. During the same period in the previous year, the firm posted ($0.02) EPS.

Several research analysts recently issued reports on COP shares. Barclays set a $71.00 price objective on ConocoPhillips and gave the stock a “buy” rating in a research report on Sunday, March 4th. UBS Group began coverage on shares of ConocoPhillips in a research note on Wednesday, March 7th. They issued a “buy” rating and a $60.00 target price for the company. JPMorgan Chase & Co. lifted their target price on shares of ConocoPhillips from $62.00 to $64.00 and gave the stock an “overweight” rating in a research note on Monday, April 9th. Scotiabank reaffirmed a “buy” rating and issued a $64.00 target price on shares of ConocoPhillips in a research note on Monday, April 9th. Finally, Royal Bank of Canada set a $70.00 target price on shares of ConocoPhillips and gave the stock a “buy” rating in a research note on Friday, April 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $66.90.

In related news, SVP Janet Langford Kelly sold 504 shares of the company’s stock in a transaction on Thursday, May 17th. The shares were sold at an average price of $71.00, for a total transaction of $35,784.00. Following the completion of the sale, the senior vice president now directly owns 41,211 shares of the company’s stock, valued at approximately $2,925,981. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Andrew D. Lundquist sold 25,000 shares of the company’s 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 sale, the senior vice president now directly owns 27,353 shares of the company’s stock, valued at $1,612,732.88. The disclosure for this sale can be found here. Insiders have sold a total of 309,052 shares of company stock valued at $20,965,534 over the last three months. Corporate insiders own 0.88% of the company’s stock.

A number of institutional investors have recently made changes to their positions in COP. Centaurus Financial Inc. purchased a new stake in ConocoPhillips during the 1st quarter worth $104,000. Truewealth LLC purchased a new stake in ConocoPhillips during the 4th quarter worth $138,000. Bristol John W & Co. Inc. NY purchased a new stake in ConocoPhillips during the 1st quarter worth $142,000. Delpha Capital Management LLC purchased a new stake in ConocoPhillips during the 4th quarter worth $149,000. Finally, Banco de Sabadell S.A purchased a new stake in ConocoPhillips during the 4th quarter worth $173,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Shares of ConocoPhillips stock traded up $0.39 during trading on Friday, hitting $66.53. 53,107 shares of the company were exchanged, compared to its average volume of 7,280,850. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.86 and a quick ratio of 1.71. ConocoPhillips has a fifty-two week low of $42.26 and a fifty-two week high of $71.71. The company has a market capitalization of $79.31 billion, a P/E ratio of 111.32, a P/E/G ratio of 1.83 and a beta of 1.22.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Monday, May 14th were paid a dividend of $0.285 per share. The ex-dividend date was Friday, May 11th. This represents a $1.14 annualized dividend and a dividend yield of 1.71%. ConocoPhillips’s dividend payout ratio is presently 190.00%.

About ConocoPhillips

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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Earnings History and Estimates for ConocoPhillips (NYSE:COP)

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