ConocoPhillips (COP) Earns Daily Media Impact Score of 0.16
News headlines about ConocoPhillips (NYSE:COP) have been trending somewhat positive on Friday, according to Accern Sentiment. The research group rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ConocoPhillips earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave news headlines about the energy producer an impact score of 46.6061927842433 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern’s rankings:
- ConocoPhillips sells LNG facility in Alaska (bizjournals.com)
- Drill Down into ConocoPhillips’s 4Q17 Operational Performance (finance.yahoo.com)
- EX-Dividend Schedule: ConocoPhillips Raises its Dividend by 7.5%; Will Trade Ex-Dividend on February 09, 2018 (finance.yahoo.com)
- How ConocoPhillips Stock Reacted to 4Q17 Earnings (finance.yahoo.com)
- How ConocoPhillips Turned Losses into Profits in 4Q17 – Market … – Market Realist (marketrealist.com)
A number of research firms have issued reports on COP. Goldman Sachs Group raised shares of ConocoPhillips from a “neutral” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Wednesday, December 13th. Wells Fargo & Co boosted their target price on shares of ConocoPhillips from $57.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Piper Jaffray Companies reissued a “buy” rating and set a $63.00 target price on shares of ConocoPhillips in a research note on Wednesday, January 24th. Scotiabank reissued a “buy” rating and set a $53.00 target price on shares of ConocoPhillips in a research note on Wednesday, November 1st. Finally, Royal Bank of Canada set a $58.00 target price on shares of ConocoPhillips and gave the company a “buy” rating in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. ConocoPhillips currently has a consensus rating of “Buy” and a consensus target price of $58.71.
ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, February 1st. The energy producer reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. ConocoPhillips had a negative net margin of 2.04% and a positive return on equity of 2.78%. The company had revenue of $8.74 billion for the quarter, compared to the consensus estimate of $7.70 billion. During the same period in the previous year, the firm earned ($0.26) EPS. sell-side analysts anticipate that ConocoPhillips will post 2.74 earnings per share for the current fiscal year.
ConocoPhillips announced that its board has approved a share repurchase program on Wednesday, November 8th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the energy producer to repurchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Monday, February 12th will be given a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.14%. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, February 9th. ConocoPhillips’s payout ratio is -163.08%.
In other ConocoPhillips news, Director Charles E. Bunch bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were acquired at an average cost of $52.06 per share, for a total transaction of $104,120.00. Following the acquisition, the director now directly owns 3,429 shares of the company’s stock, valued at $178,513.74. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.82% of the stock is owned by insiders.
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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.
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