ConocoPhillips (NYSE:COP) had its price objective lifted by stock analysts at KeyCorp from $45.00 to $48.00 in a research note issued to investors on Thursday, Stock Target Advisor reports. The brokerage presently has an “overweight” rating on the energy producer’s stock. KeyCorp’s price objective suggests a potential upside of 2.06% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Mizuho upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and raised their target price for the stock from $36.00 to $56.00 in a research note on Tuesday. Morgan Stanley raised their target price on shares of ConocoPhillips from $47.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 17th. BMO Capital Markets upgraded shares of ConocoPhillips to a “buy” rating and set a $56.00 target price for the company in a research note on Monday. Royal Bank of Canada restated a “buy” rating on shares of ConocoPhillips in a research note on Wednesday, October 14th. Finally, BidaskClub upgraded shares of ConocoPhillips from a “sell” rating to a “hold” rating in a research note on Thursday, January 7th. Three analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. ConocoPhillips has an average rating of “Buy” and an average price target of $53.11.

Shares of NYSE:COP opened at $47.03 on Thursday. The stock has a market cap of $50.45 billion, a P/E ratio of -41.62, a P/E/G ratio of 9.90 and a beta of 1.85. The firm has a fifty day moving average price of $42.02 and a 200 day moving average price of $37.86. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.38 and a quick ratio of 2.16. ConocoPhillips has a 1-year low of $20.84 and a 1-year high of $65.61.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, October 29th. The energy producer reported ($0.31) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.30) by ($0.01). ConocoPhillips had a negative return on equity of 0.02% and a negative net margin of 5.66%. The business had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.98 billion. During the same quarter in the prior year, the company earned $0.82 EPS. Sell-side analysts expect that ConocoPhillips will post -0.89 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the business. Hexagon Capital Partners LLC purchased a new position in ConocoPhillips during the 3rd quarter valued at about $25,000. TFC Financial Management purchased a new stake in shares of ConocoPhillips during the third quarter worth about $28,000. Horan Capital Advisors LLC. purchased a new stake in shares of ConocoPhillips during the third quarter worth about $35,000. Chiron Capital Management LLC purchased a new stake in shares of ConocoPhillips during the third quarter worth about $35,000. Finally, Planned Solutions Inc. purchased a new stake in shares of ConocoPhillips during the third quarter worth about $39,000. Hedge funds and other institutional investors own 72.87% of the company’s stock.

About ConocoPhillips

ConocoPhillips engages in the exploration, production, transportation and marketing of crude oil, bitumen, natural gas, natural gas liquids and liquefied natural gas on a worldwide basis. It operates through the following geographical segments: Alaska; Lower 48; Canada; Europe and North Africa; Asia Pacific and Middle East; Other International; and Corporate & Other.

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Analyst Recommendations for ConocoPhillips (NYSE:COP)

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