Analysts forecast that ConocoPhillips (NYSE:COP) will report $0.80 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for ConocoPhillips’ earnings. The lowest EPS estimate is $0.61 and the highest is $1.21. ConocoPhillips posted earnings per share of $0.96 in the same quarter last year, which indicates a negative year over year growth rate of 16.7%. The firm is expected to report its next quarterly earnings report on Thursday, April 25th.

According to Zacks, analysts expect that ConocoPhillips will report full-year earnings of $3.46 per share for the current year, with EPS estimates ranging from $2.80 to $4.31. For the next fiscal year, analysts anticipate that the business will report earnings of $3.77 per share, with EPS estimates ranging from $2.95 to $4.83. Zacks’ earnings per share averages are an average based on a survey of research firms that follow ConocoPhillips.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, January 31st. The energy producer reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.08. ConocoPhillips had a net margin of 16.16% and a return on equity of 16.91%. The company had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same period in the previous year, the business earned $0.45 EPS.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of ConocoPhillips from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a report on Wednesday. Morgan Stanley boosted their price objective on shares of ConocoPhillips from $77.00 to $78.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Piper Jaffray Companies reiterated a “hold” rating on shares of ConocoPhillips in a research note on Tuesday, February 12th. Goldman Sachs Group upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and boosted their target price for the company from $76.00 to $82.00 in a research note on Sunday, February 3rd. Finally, Barclays reiterated a “buy” rating and set a $79.00 target price on shares of ConocoPhillips in a research note on Friday, January 11th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $77.50.

Institutional investors and hedge funds have recently made changes to their positions in the business. Smart Portfolios LLC grew its position in shares of ConocoPhillips by 69.5% during the 4th quarter. Smart Portfolios LLC now owns 478 shares of the energy producer’s stock valued at $30,000 after acquiring an additional 196 shares during the period. Athena Capital Advisors LLC bought a new stake in shares of ConocoPhillips during the 4th quarter valued at $32,000. Clarfeld Financial Advisors LLC bought a new stake in shares of ConocoPhillips during the 4th quarter valued at $32,000. Ironwood Financial llc grew its position in shares of ConocoPhillips by 294.1% during the 4th quarter. Ironwood Financial llc now owns 536 shares of the energy producer’s stock valued at $33,000 after acquiring an additional 400 shares during the period. Finally, Contravisory Investment Management Inc. bought a new stake in shares of ConocoPhillips during the 4th quarter valued at $47,000. Institutional investors and hedge funds own 71.57% of the company’s stock.

Shares of NYSE COP opened at $67.02 on Friday. ConocoPhillips has a twelve month low of $53.38 and a twelve month high of $80.24. The company has a market capitalization of $74.45 billion, a P/E ratio of 14.79, a PEG ratio of 2.53 and a beta of 1.11. The company has a quick ratio of 1.66, a current ratio of 1.79 and a debt-to-equity ratio of 0.46.

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 11th were paid a dividend of $0.305 per share. The ex-dividend date of this dividend was Friday, February 8th. This represents a $1.22 dividend on an annualized basis and a yield of 1.82%. ConocoPhillips’s dividend payout ratio is presently 26.93%.

ConocoPhillips Company Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the tight oil reservoirs, LNG, oil sands, and other production operations. Its portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; 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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