Somewhat Positive News Coverage Somewhat Unlikely to Affect ConocoPhillips (COP) Share Price
Headlines about ConocoPhillips (NYSE:COP) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. 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 0.23 on Accern’s scale. Accern also gave news coverage about the energy producer an impact score of 46.961753244522 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have effected Accern’s rankings:
- Conoco says Eagle Ford oil output nearing 80 pct of pre-Harvey level (feeds.reuters.com)
- ConocoPhillips (COP) stock uncovered monthly dull performance with sinking progress of -1.49% – Stocks Gallery (stocksgallery.com)
- ConocoPhillips accepts DNR terms for CRU expansion – Petroleum News (petroleumnews.com)
- The Latest: Confirmed Harvey-related death toll now 42 (finance.yahoo.com)
- ConocoPhillips Subsidiary Can Enforce $380M Ecuador Award (law360.com)
A number of brokerages have weighed in on COP. Piper Jaffray Companies set a $45.00 target price on ConocoPhillips and gave the company a “buy” rating in a research report on Friday, August 25th. BidaskClub lowered ConocoPhillips from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Scotiabank set a $54.00 target price on ConocoPhillips and gave the company a “buy” rating in a research report on Saturday, July 1st. Zacks Investment Research raised ConocoPhillips from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Jefferies Group LLC set a $54.00 target price on ConocoPhillips and gave the company a “buy” rating in a research report on Tuesday, August 29th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $54.13.
ConocoPhillips (COP) traded up 1.33% during mid-day trading on Monday, reaching $44.24. The company’s stock had a trading volume of 4,808,804 shares. ConocoPhillips has a one year low of $39.00 and a one year high of $53.17. The stock’s 50 day moving average is $44.00 and its 200 day moving average is $45.84. The firm’s market cap is $53.84 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 Zacks’ consensus estimate of ($0.02) by $0.16. ConocoPhillips had a negative return on equity of 2.86% and a negative net margin of 12.29%. The company had revenue of $8.88 billion for the quarter, compared to analysts’ expectations of $6.74 billion. During the same period last year, the firm earned ($0.79) earnings per share. On average, analysts anticipate that ConocoPhillips will post $0.24 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, July 24th were paid a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date was Thursday, July 20th. ConocoPhillips’s dividend payout ratio is presently -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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