Somewhat Favorable Media Coverage Somewhat Unlikely to Impact ConocoPhillips (COP) Stock Price
Media coverage about ConocoPhillips (NYSE:COP) has trended somewhat positive on Saturday, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. ConocoPhillips earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned media coverage about the energy producer an impact score of 46.512367362191 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment’s analysis:
- 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)
A number of research firms recently commented on COP. Bank of America Corporation lowered shares of ConocoPhillips from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $68.00 to $67.00 in a research report on Thursday, May 11th. Jefferies Group LLC raised shares of ConocoPhillips from a “hold” rating to a “buy” rating and raised their price target for the stock from $55.00 to $59.00 in a research report on Wednesday, May 17th. BidaskClub raised shares of ConocoPhillips from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $62.00 price target on shares of ConocoPhillips in a research report on Thursday, June 15th. Finally, Zacks Investment Research raised shares of ConocoPhillips from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $55.18.
Shares of ConocoPhillips (COP) traded up 0.26% during midday trading on Friday, hitting $43.11. 7,310,360 shares of the company traded hands. ConocoPhillips has a 52 week low of $39.00 and a 52 week high of $53.17. The stock has a 50 day moving average of $44.10 and a 200-day moving average of $46.28. The stock’s market capitalization is $52.46 billion.
ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, July 27th. The energy producer reported $0.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.16. The company had revenue of $8.88 billion for the quarter, compared to analysts’ expectations of $6.74 billion. ConocoPhillips had a negative net margin of 12.29% and a negative return on equity of 2.86%. During the same period in the prior year, the business earned ($0.79) earnings per share. Equities analysts forecast that ConocoPhillips will post $0.24 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, July 24th will be given a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 2.46%. The ex-dividend date is Thursday, July 20th. ConocoPhillips’s dividend payout ratio (DPR) is -34.98%.
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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