ConocoPhillips (NYSE:COP) Expected to Post Earnings of $0.59 Per Share


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Equities research analysts expect ConocoPhillips (NYSE:COP) to announce earnings of $0.59 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for ConocoPhillips’ earnings. The lowest EPS estimate is $0.27 and the highest is $0.87. ConocoPhillips posted earnings of $0.45 per share during the same quarter last year, which would indicate a positive year over year growth rate of 31.1%. The company is scheduled to issue its next quarterly earnings report on Thursday, April 29th.

On average, analysts expect that ConocoPhillips will report full-year earnings of $2.88 per share for the current fiscal year, with EPS estimates ranging from $1.51 to $4.16. For the next year, analysts forecast that the business will report earnings of $2.96 per share, with EPS estimates ranging from $1.24 to $4.08. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow ConocoPhillips.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Monday, February 1st. The energy producer reported ($0.19) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.06. ConocoPhillips had a negative return on equity of 0.02% and a negative net margin of 5.66%. The business had revenue of $6.05 billion for the quarter, compared to analyst estimates of $4.69 billion. During the same period in the prior year, the company earned $0.76 earnings per share.

A number of equities analysts have issued reports on the company. KeyCorp increased their price target on ConocoPhillips from $62.00 to $63.00 and gave the stock an “overweight” rating in a research report on Thursday. Barclays increased their price target on ConocoPhillips from $55.00 to $59.00 and gave the company an “overweight” rating in a report on Thursday, January 14th. JPMorgan Chase & Co. started coverage on ConocoPhillips in a report on Tuesday, January 19th. They issued a “neutral” rating for the company. The Goldman Sachs Group assumed coverage on ConocoPhillips in a report on Wednesday, February 3rd. They issued a “buy” rating for the company. Finally, Bank of America reissued a “neutral” rating on shares of ConocoPhillips in a research note on Monday, March 22nd. Four equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $54.17.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Miller Howard Investments Inc. NY acquired a new stake in shares of ConocoPhillips during the first quarter worth about $772,000. Harbor Investment Advisory LLC increased its position in shares of ConocoPhillips by 9.5% during the first quarter. Harbor Investment Advisory LLC now owns 3,988 shares of the energy producer’s stock worth $211,000 after purchasing an additional 346 shares in the last quarter. Country Trust Bank increased its position in shares of ConocoPhillips by 6.8% during the first quarter. Country Trust Bank now owns 427,076 shares of the energy producer’s stock worth $22,622,000 after purchasing an additional 27,242 shares in the last quarter. Clarus Group Inc. acquired a new stake in shares of ConocoPhillips during the first quarter worth about $124,000. Finally, Columbia Trust Co 01012016 increased its position in shares of ConocoPhillips by 24.3% during the first quarter. Columbia Trust Co 01012016 now owns 14,836 shares of the energy producer’s stock worth $785,000 after purchasing an additional 2,898 shares in the last quarter. 72.87% of the stock is owned by institutional investors.

Shares of COP traded down $0.81 during mid-day trading on Friday, reaching $51.09. The company had a trading volume of 7,663,895 shares, compared to its average volume of 10,929,875. ConocoPhillips has a 52-week low of $27.53 and a 52-week high of $61.14. The company has a quick ratio of 2.16, a current ratio of 2.38 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $71.53 million, a P/E ratio of -45.21, a PEG ratio of 10.03 and a beta of 1.85. The stock has a 50 day moving average of $54.30 and a two-hundred day moving average of $43.46.

The firm also recently declared a quarterly dividend, which was paid on Monday, March 1st. Shareholders of record on Friday, February 12th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date was Thursday, February 11th. ConocoPhillips’s dividend payout ratio (DPR) is 47.91%.

ConocoPhillips Company Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations.

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Earnings History and Estimates for ConocoPhillips (NYSE:COP)

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