ConocoPhillips (COP) Receiving Somewhat Favorable News Coverage, Report Shows
Media coverage about ConocoPhillips (NYSE:COP) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ConocoPhillips earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news stories about the energy producer an impact score of 46.2688779356925 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- ConocoPhillips moves forward with plans to drill near North Slope village (adn.com)
- Trade of the Day: ConocoPhillips (COP) (investorplace.com)
- Zacks: Analysts Expect ConocoPhillips (COP) Will Post Quarterly Sales of $7.43 Billion (americanbankingnews.com)
- National Fish and Wildlife Foundation and ConocoPhillips … – GlobeNewswire (press release) (globenewswire.com)
- Dividend stats on ConocoPhillips – Motley Fool (fool.com)
A number of analysts have weighed in on the company. Barclays restated an “overweight” rating and issued a $55.00 price target (up from $51.00) on shares of ConocoPhillips in a research note on Tuesday, October 10th. BidaskClub cut ConocoPhillips from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Piper Jaffray Companies restated a “buy” rating and issued a $53.00 price target on shares of ConocoPhillips in a research note on Friday, November 3rd. Wells Fargo & Company raised their price target on ConocoPhillips from $57.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Finally, Morgan Stanley raised their price target on ConocoPhillips from $45.00 to $48.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $55.59.
ConocoPhillips (NYSE:COP) last posted its earnings results on Thursday, October 26th. The energy producer reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.08. ConocoPhillips had a positive return on equity of 0.12% and a negative net margin of 7.32%. The business had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $6.55 billion. During the same quarter in the previous year, the firm earned ($0.66) earnings per share. equities research analysts forecast that ConocoPhillips will post 0.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, October 16th were given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Friday, October 13th. ConocoPhillips’s dividend payout ratio (DPR) is currently -57.30%.
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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