ConocoPhillips (COP) Receiving Somewhat Favorable Press Coverage, Accern Reports
Press coverage about ConocoPhillips (NYSE:COP) has been trending somewhat positive on Monday, Accern Sentiment reports. Accern scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. ConocoPhillips earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the energy producer an impact score of 46.0006180758653 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Analyzing the Short Interest in ConocoPhillips Stock – Market Realist (marketrealist.com)
- ConocoPhillips Stock Underperformed Crude Oil and Natural Gas – Market Realist (marketrealist.com)
- ConocoPhillips’s Stock Price Forecast for the Week (finance.yahoo.com)
- ConocoPhillips (COP) Rating Increased to Hold at BidaskClub (americanbankingnews.com)
Several equities research analysts recently issued reports on the company. BidaskClub raised ConocoPhillips from a “sell” rating to a “hold” rating in a research note on Friday. Scotiabank set a $54.00 price objective on ConocoPhillips and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research raised ConocoPhillips from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Jefferies Group LLC set a $59.00 price objective on ConocoPhillips and gave the stock a “buy” rating in a research note on Sunday, July 30th. Finally, Bank of America Corporation raised ConocoPhillips from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $51.00 to $58.00 in a research note on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $55.18.
Shares of ConocoPhillips (NYSE:COP) traded down 0.56% on Monday, hitting $44.54. The company had a trading volume of 5,063,053 shares. The firm’s market capitalization is $54.20 billion. ConocoPhillips has a 12-month low of $39.00 and a 12-month high of $53.17. The firm has a 50 day moving average of $44.16 and a 200-day moving average of $46.39.
ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, July 27th. The energy producer reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.16. ConocoPhillips had a negative return on equity of 2.86% and a negative net margin of 12.29%. The business had revenue of $8.88 billion for the quarter, compared to analyst estimates of $6.74 billion. During the same quarter in the prior year, the company posted ($0.79) earnings per share. On average, equities analysts predict that ConocoPhillips will post $0.25 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, July 24th will be issued a dividend of $0.265 per share. The ex-dividend date is Thursday, July 20th. This represents a $1.06 annualized dividend and a yield of 2.38%. ConocoPhillips’s payout ratio is presently -34.98%.
In related news, VP James D. Mcmorran sold 9,091 shares of the company’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $47.47, for a total transaction of $431,549.77. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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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