ConocoPhillips (COP) Receiving Somewhat Favorable Press Coverage, Study Shows
Media stories about ConocoPhillips (NYSE:COP) have trended somewhat positive on Thursday, according to Accern Sentiment. The research group identifies negative and positive media coverage by monitoring 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 positive one, with scores nearest to one being the most favorable. ConocoPhillips earned a news impact score of 0.18 on Accern’s scale. Accern also gave news coverage about the energy producer an impact score of 46.1459805435097 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- The Zacks Analyst Blog Highlights: Citigroup, 3M, Walgreens Boots, Lockheed Martin and ConocoPhillips (finance.yahoo.com)
- It’s Right To Be Bullish On Buffett’s Investment In Pilot Flying J Truck Stops – Forbes (forbes.com)
- Aromatic Compounds Market: 2017 Global Industry Trends, Growth, Share, Size and 2022 Forecasts Report (medgadget.com)
- ConocoPhillips to Hold Third-Quarter Earnings Conference Call on Thursday, Oct. 26 (finance.yahoo.com)
- Is the Uptrend in ConocoPhillips Stock Just Getting Started? (finance.yahoo.com)
Shares of ConocoPhillips (COP) traded up 0.79% during mid-day trading on Thursday, reaching $49.70. 5,295,351 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $46.16 and a 200 day moving average price of $45.91. The stock’s market cap is $60.48 billion. ConocoPhillips has a 52 week low of $40.37 and a 52 week high of $53.17.
ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, July 27th. The energy producer reported $0.14 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.16. The firm had revenue of $8.88 billion for the quarter, compared to analyst estimates of $6.74 billion. ConocoPhillips had a negative return on equity of 2.86% and a negative net margin of 12.29%. During the same period in the previous year, the company posted ($0.79) EPS. Equities research analysts predict that ConocoPhillips will post $0.27 EPS for the current year.
Several research analysts have recently weighed in on COP shares. Scotiabank set a $54.00 price target on shares of ConocoPhillips and gave the company a “buy” rating in a research report on Saturday, July 1st. BidaskClub raised shares of ConocoPhillips from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Sanford C. Bernstein cut shares of ConocoPhillips from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $63.00 to $42.00 in a research report on Thursday, July 6th. ValuEngine raised shares of ConocoPhillips from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $62.00 price target on shares of ConocoPhillips in a research report on Thursday, June 15th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. ConocoPhillips presently has an average rating of “Buy” and a consensus target price of $54.45.
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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