Shares of ConocoPhillips (NYSE:COP) have received an average rating of “Buy” from the twenty-five ratings firms that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, seventeen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $57.27.

COP has been the topic of several recent analyst reports. Wells Fargo & Co lifted their price objective on ConocoPhillips from $45.00 to $48.00 and gave the company an “overweight” rating in a report on Friday, April 17th. Bank of America cut ConocoPhillips from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $43.00 to $46.00 in a report on Friday, May 1st. They noted that the move was a valuation call. Royal Bank of Canada reissued a “buy” rating and issued a $45.00 target price on shares of ConocoPhillips in a research report on Thursday, April 30th. Argus lifted their target price on ConocoPhillips from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Finally, MKM Partners lifted their target price on ConocoPhillips from $57.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, May 4th.

In other news, Director David Thomas Seaton purchased 2,400 shares of the stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average cost of $41.03 per share, with a total value of $98,472.00. Following the acquisition, the director now directly owns 2,500 shares of the company’s stock, valued at $102,575. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Hall Laurie J Trustee lifted its position in ConocoPhillips by 34.5% during the fourth quarter. Hall Laurie J Trustee now owns 780 shares of the energy producer’s stock valued at $51,000 after purchasing an additional 200 shares during the period. Financial Architects Inc increased its stake in shares of ConocoPhillips by 6.9% during the fourth quarter. Financial Architects Inc now owns 3,165 shares of the energy producer’s stock worth $206,000 after purchasing an additional 203 shares in the last quarter. Jackson Hole Capital Partners LLC increased its stake in shares of ConocoPhillips by 3.0% during the first quarter. Jackson Hole Capital Partners LLC now owns 8,693 shares of the energy producer’s stock worth $268,000 after purchasing an additional 250 shares in the last quarter. Center for Financial Planning Inc. increased its stake in shares of ConocoPhillips by 5.3% during the first quarter. Center for Financial Planning Inc. now owns 4,991 shares of the energy producer’s stock worth $154,000 after purchasing an additional 252 shares in the last quarter. Finally, Capital Analysts LLC grew its stake in ConocoPhillips by 23.3% during the 4th quarter. Capital Analysts LLC now owns 1,339 shares of the energy producer’s stock valued at $87,000 after acquiring an additional 253 shares in the last quarter. Institutional investors own 72.35% of the company’s stock.

Shares of COP opened at $41.78 on Friday. ConocoPhillips has a 1 year low of $20.84 and a 1 year high of $67.13. The company has a current ratio of 2.16, a quick ratio of 2.04 and a debt-to-equity ratio of 0.47. The stock has a market cap of $44.81 billion, a P/E ratio of 13.10 and a beta of 1.69. The stock’s 50-day moving average price is $43.47 and its two-hundred day moving average price is $47.65.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, April 30th. The energy producer reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.22. ConocoPhillips had a return on equity of 10.02% and a net margin of 11.51%. The business had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $6.55 billion. During the same quarter in the previous year, the business posted $1.00 EPS. As a group, equities analysts forecast that ConocoPhillips will post -0.79 EPS for the current year.

About ConocoPhillips

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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Analyst Recommendations for ConocoPhillips (NYSE:COP)

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