Equities research analysts expect that ConocoPhillips (NYSE:COP) will announce sales of $7.52 billion for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for ConocoPhillips’ earnings, with estimates ranging from $6.85 billion to $8.09 billion. ConocoPhillips reported sales of $7.25 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 3.7%. The firm is expected to issue its next quarterly earnings results on Thursday, February 1st.

On average, analysts expect that ConocoPhillips will report full year sales of $7.52 billion for the current fiscal year, with estimates ranging from $27.84 billion to $31.56 billion. For the next fiscal year, analysts expect that the business will post sales of $29.04 billion per share, with estimates ranging from $26.54 billion to $30.70 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for ConocoPhillips.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, October 26th. The energy producer reported $0.16 earnings per share (EPS) for the quarter, beating the 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 during the quarter, compared to analysts’ expectations of $6.55 billion. During the same quarter in the prior year, the company earned ($0.66) EPS.

Several brokerages recently issued reports on COP. Credit Suisse Group started coverage on shares of ConocoPhillips in a research note on Monday, December 11th. They set a “neutral” rating and a $50.00 price objective for the company. Scotiabank reiterated a “buy” rating and issued a $53.00 target price on shares of ConocoPhillips in a report on Friday, September 29th. Barclays reiterated an “overweight” rating and issued a $55.00 target price (up from $51.00) on shares of ConocoPhillips in a report on Tuesday, October 10th. Piper Jaffray Companies set a $45.00 target price on shares of ConocoPhillips and gave the company a “buy” rating in a report on Friday, August 25th. Finally, Goldman Sachs Group upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Wednesday, December 13th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $55.19.

Shares of ConocoPhillips (NYSE COP) opened at $52.34 on Tuesday. ConocoPhillips has a one year low of $42.26 and a one year high of $54.22. The stock has a market cap of $62,370.07, a PE ratio of 2,608.50, a P/E/G ratio of 12.58 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.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, October 16th were issued a dividend of $0.265 per share. The ex-dividend date was Friday, October 13th. This represents a $1.06 dividend on an annualized basis and a yield of 2.03%. ConocoPhillips’s dividend payout ratio (DPR) is presently -57.30%.

In other ConocoPhillips news, Director Charles E. Bunch bought 2,000 shares of ConocoPhillips stock in a transaction on Monday, December 11th. The shares were bought 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 in the company, valued at $178,513.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.82% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in the business. Financial Management Professionals Inc. grew its position 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 valued at $100,000 after buying an additional 6 shares during the last quarter. Cornerstone Advisors Inc. grew its position in shares of ConocoPhillips by 1.0% in the 2nd quarter. Cornerstone Advisors Inc. now owns 3,755 shares of the energy producer’s stock valued at $165,000 after buying an additional 37 shares during the last quarter. WFG Advisors LP grew its position in shares of ConocoPhillips by 0.4% in the 2nd quarter. WFG Advisors LP now owns 9,611 shares of the energy producer’s stock valued at $423,000 after buying an additional 39 shares during the last quarter. Genesee Valley Trust Co. grew its position in shares of ConocoPhillips by 0.6% in the 2nd quarter. Genesee Valley Trust Co. now owns 7,095 shares of the energy producer’s stock valued at $312,000 after buying an additional 45 shares during the last quarter. Finally, Girard Partners LTD. grew its position in shares of ConocoPhillips by 0.6% in the 2nd quarter. Girard Partners LTD. now owns 8,434 shares of the energy producer’s stock valued at $371,000 after buying an additional 49 shares during the last quarter. 69.87% of the stock is currently owned by institutional investors.

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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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Earnings History and Estimates for ConocoPhillips (NYSE:COP)

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