Somewhat Favorable Press Coverage Somewhat Unlikely to Affect ConocoPhillips (NYSE:COP) Share Price
News coverage about ConocoPhillips (NYSE:COP) has been trending somewhat positive this week, Accern Sentiment reports. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. ConocoPhillips earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave press coverage about the energy producer an impact score of 47.1798725598287 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Earnings Review and Free Research Report: ConocoPhillips Reported Adjusted Earnings and Underlying Profits; Revenue Surged 59% (finance.yahoo.com)
- $0.07 Earnings Per Share Expected for ConocoPhillips (NYSE:COP) This Quarter (americanbankingnews.com)
- ConocoPhillips – This Pure Upstream Oil Major Stands To Grow The Most – Seeking Alpha (seekingalpha.com)
- ConocoPhillips Stock Beat Crude Oil and Natural Gas Prices … – Market Realist (marketrealist.com)
- ConocoPhillips: Stock Price Range Forecast for the Week – Market Realist (marketrealist.com)
A number of research firms recently commented on COP. Zacks Investment Research upgraded ConocoPhillips from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Scotiabank set a $54.00 price target on ConocoPhillips and gave the stock a “buy” rating in a report on Tuesday, August 1st. Jefferies Group LLC set a $59.00 price target on ConocoPhillips and gave the stock a “buy” rating in a report on Sunday, July 30th. BidaskClub upgraded ConocoPhillips from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Finally, ValuEngine upgraded ConocoPhillips from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. ConocoPhillips has an average rating of “Hold” and an average target price of $55.18.
Shares of ConocoPhillips (NYSE:COP) traded up 0.04% on Wednesday, reaching $45.65. 7,451,119 shares of the company’s stock traded hands. ConocoPhillips has a one year low of $39.00 and a one year high of $53.17. The company’s 50-day moving average price is $44.26 and its 200 day moving average price is $46.70. The firm’s market cap is $55.55 billion.
ConocoPhillips (NYSE:COP) last posted its earnings results on Thursday, July 27th. The energy producer reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.16. ConocoPhillips had a negative net margin of 12.29% and a negative return on equity of 2.86%. The business had revenue of $8.88 billion for the quarter, compared to analysts’ expectations of $6.74 billion. During the same period in the prior year, the company posted ($0.79) EPS. On average, equities analysts forecast that ConocoPhillips will post $0.25 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, July 24th will be paid a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 2.32%. The ex-dividend date is Thursday, July 20th. ConocoPhillips’s dividend payout ratio is presently -34.98%.
In other ConocoPhillips news, VP James D. Mcmorran sold 9,091 shares of the stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $47.47, for a total value of $431,549.77. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.82% of the company’s stock.
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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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