Somewhat Positive News Coverage Somewhat Unlikely to Impact ConocoPhillips (NYSE:COP) Share Price
News stories about ConocoPhillips (NYSE:COP) have trended somewhat positive on Saturday, according to Accern Sentiment. The research firm ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ConocoPhillips earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news coverage about the energy producer an impact score of 46.8400093551383 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- ConocoPhillips (COP) Rating Lowered to Sell at BidaskClub (topactu.net)
- ConocoPhillips (COP) Lifted to “Buy” at Bank of America Corporation (currenthollywood.com)
- ConocoPhillips (COP) Receives Average Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- ConocoPhillips Has Bought Back 29.4 Million Shares So Far in 2017. Should Investors Be Happy? – Madison.com (host.madison.com)
- ConocoPhillips to start dismantling historical Norwegian oil platform (poandpo.com)
Several brokerages have recently weighed in on COP. Jefferies Group LLC raised shares of ConocoPhillips from a “hold” rating to a “buy” rating and increased their price objective for the company from $55.00 to $59.00 in a research report on Wednesday, May 17th. Citigroup Inc. lowered their price target on shares of ConocoPhillips from $65.00 to $57.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $52.00 price target on shares of ConocoPhillips in a research report on Thursday, June 22nd. Bank of America Corporation raised shares of ConocoPhillips from a “neutral” rating to a “buy” rating and raised their price target for the stock from $51.00 to $58.00 in a research report on Friday, July 28th. Finally, Royal Bank Of Canada set a $62.00 price target on shares of ConocoPhillips and gave the stock a “buy” rating in a research report on Sunday, July 16th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. ConocoPhillips presently has a consensus rating of “Buy” and an average target price of $55.18.
Shares of ConocoPhillips (COP) traded up 0.26% on Friday, reaching $43.11. 7,310,360 shares of the company were exchanged. The stock’s 50-day moving average is $44.10 and its 200 day moving average is $46.28. ConocoPhillips has a 12-month low of $39.00 and a 12-month high of $53.17. The firm’s market capitalization is $52.46 billion.
ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, July 27th. The energy producer reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.16. The business had revenue of $8.88 billion for the quarter, compared to the consensus estimate of $6.74 billion. ConocoPhillips had a negative return on equity of 2.86% and a negative net margin of 12.29%. During the same quarter in the previous year, the business earned ($0.79) EPS. On average, analysts forecast that ConocoPhillips will post $0.24 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, July 24th will be paid a $0.265 dividend. The ex-dividend date of this dividend is Thursday, July 20th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.46%. ConocoPhillips’s payout ratio is -34.98%.
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ConocoPhillips Company Profile
ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through five segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International.
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