ConocoPhillips (COP) Earning Somewhat Negative News Coverage, Report Shows
Media headlines about ConocoPhillips (NYSE:COP) have trended somewhat negative on Wednesday, according to Accern Sentiment. Accern rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ConocoPhillips earned a news impact score of -0.09 on Accern’s scale. Accern also assigned media headlines about the energy producer an impact score of 43.3769542265736 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- While U.S. Senate pushes Alaska wildlife refuge drilling, industry looks elsewhere (finance.yahoo.com)
- ConocoPhillips (COP) and Ecuador Agree to Settlement of ICSID Award (streetinsider.com)
- ExxonMobil's (XOM) Affiliate Inks 3 Exploration Contracts (finance.yahoo.com)
- ConocoPhillips (COP) Settles Terms of Payment With Ecuador (finance.yahoo.com)
- ConocoPhillips, Ecuador to settle World Bank arbitration award (COP) (markets.businessinsider.com)
A number of research analysts have recently issued reports on the stock. Royal Bank Of Canada lifted their price objective on shares of ConocoPhillips from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, November 9th. Piper Jaffray Companies reiterated a “buy” rating and set a $53.00 price objective on shares of ConocoPhillips in a report on Friday, November 3rd. Scotiabank reiterated a “buy” rating and set a $53.00 price objective on shares of ConocoPhillips in a report on Wednesday, November 1st. Barclays lifted their price objective on shares of ConocoPhillips from $55.00 to $59.00 and gave the company an “overweight” rating in a report on Friday, October 27th. Finally, Wells Fargo & Company lifted their price objective on shares of ConocoPhillips from $57.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. ConocoPhillips presently has an average rating of “Buy” and a consensus target price of $55.59.
ConocoPhillips (COP) traded down $0.85 during trading on Wednesday, reaching $50.38. 4,436,721 shares of the company traded hands, compared to its average volume of 7,129,372. ConocoPhillips has a 1-year low of $42.26 and a 1-year high of $54.22. The stock has a market capitalization of $61,318.02, a PE ratio of 2,564.50, a PEG ratio of 12.60 and a beta of 1.26. The company has a current ratio of 2.38, a quick ratio of 2.23 and a debt-to-equity ratio of 0.64.
ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, October 26th. The energy producer reported $0.16 earnings per share for the quarter, topping 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 business had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $6.55 billion. During the same period in the previous year, the company earned ($0.66) earnings per share. equities analysts predict that ConocoPhillips will post 0.54 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, October 16th were issued a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend was Friday, October 13th. ConocoPhillips’s dividend payout ratio (DPR) is presently -57.30%.
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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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