ConocoPhillips (NYSE:COP) has received an average rating of “Buy” from the twenty-five brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $56.35.

Several analysts recently commented on the stock. Cowen set a $70.00 price objective on shares of ConocoPhillips and gave the company a “buy” rating in a research report on Thursday. Macquarie assumed coverage on shares of ConocoPhillips in a research report on Wednesday. They set an “outperform” rating on the stock. Zacks Investment Research raised shares of ConocoPhillips from a “hold” rating to a “strong-buy” rating and set a $66.00 price objective on the stock in a research report on Wednesday, January 10th. Howard Weil downgraded shares of ConocoPhillips from a “focus list” rating to an “outperform” rating and set a $58.00 price objective on the stock. in a research report on Friday, December 22nd. Finally, Royal Bank of Canada set a $61.00 price objective on shares of ConocoPhillips and gave the company a “buy” rating in a research report on Wednesday, December 20th.

In related news, Director Charles E. Bunch purchased 2,000 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were purchased at an average price of $52.06 per share, with a total value of $104,120.00. Following the acquisition, the director now directly owns 3,429 shares in the company, valued at approximately $178,513.74. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.82% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Financial Management Professionals Inc. lifted its stake in shares of ConocoPhillips by 0.3% in the 2nd quarter. Financial Management Professionals Inc. now owns 2,294 shares of the energy producer’s stock worth $100,000 after purchasing an additional 6 shares during the period. Krilogy Financial LLC lifted its stake in shares of ConocoPhillips by 48.6% in the 2nd quarter. Krilogy Financial LLC now owns 2,392 shares of the energy producer’s stock worth $105,000 after purchasing an additional 782 shares during the period. Rocky Mountain Advisers LLC lifted its stake in shares of ConocoPhillips by 140.2% in the 3rd quarter. Rocky Mountain Advisers LLC now owns 2,392 shares of the energy producer’s stock worth $120,000 after purchasing an additional 1,396 shares during the period. Clear Perspective Advisors LLC lifted its stake in shares of ConocoPhillips by 75.5% in the 2nd quarter. Clear Perspective Advisors LLC now owns 2,790 shares of the energy producer’s stock worth $123,000 after purchasing an additional 1,200 shares during the period. Finally, Valeo Financial Advisors LLC bought a new position in shares of ConocoPhillips in the 3rd quarter worth approximately $142,000. 69.73% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ConocoPhillips (NYSE:COP) traded down $0.01 during trading on Tuesday, hitting $59.75. 5,040,000 shares of the company traded hands, compared to its average volume of 5,290,000. ConocoPhillips has a 52 week low of $42.26 and a 52 week high of $60.24. The company has a market cap of $71,430.00, a price-to-earnings ratio of -30.03, a price-to-earnings-growth ratio of 2.59 and a beta of 1.26. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.23 and a current ratio of 2.38.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, October 26th. The energy producer reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.08. ConocoPhillips had a negative net margin of 7.32% and a positive return on equity of 0.12%. The company had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $6.55 billion. During the same period in the prior year, the firm posted ($0.66) EPS. equities analysts anticipate that ConocoPhillips will post 0.57 EPS for the current fiscal year.

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ConocoPhillips Company Profile

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.

Analyst Recommendations for ConocoPhillips (NYSE:COP)

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