ConocoPhillips (NYSE:COP) Issues Quarterly Earnings Results


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ConocoPhillips (NYSE:COP) posted its quarterly earnings data on Tuesday. The energy producer reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.12, MarketWatch Earnings reports. ConocoPhillips had a negative net margin of 5.66% and a negative return on equity of 0.02%. During the same period last year, the company posted $0.45 EPS.

Shares of COP opened at $52.57 on Wednesday. The stock’s 50-day moving average is $52.37 and its two-hundred day moving average is $44.97. The stock has a market cap of $71.08 billion, a PE ratio of -46.52, a P/E/G ratio of 10.03 and a beta of 1.85. ConocoPhillips has a 12 month low of $27.53 and a 12 month high of $61.14. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.38 and a quick ratio of 2.16.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 1st. Shareholders of record on Friday, May 14th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Thursday, May 13th. ConocoPhillips’s dividend payout ratio is presently 47.91%.

COP has been the topic of a number of recent research reports. Piper Sandler raised their price objective on shares of ConocoPhillips from $50.00 to $69.00 and gave the company an “overweight” rating in a research note on Thursday, April 1st. Bank of America raised shares of ConocoPhillips from a “neutral” rating to a “buy” rating and set a $67.00 price objective on the stock in a research note on Wednesday. Scotiabank upgraded shares of ConocoPhillips from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from $45.00 to $56.00 in a report on Thursday, January 14th. The Goldman Sachs Group assumed coverage on shares of ConocoPhillips in a report on Wednesday, February 3rd. They issued a “buy” rating for the company. Finally, Truist Financial increased their target price on shares of ConocoPhillips from $50.00 to $60.00 in a report on Monday, April 19th. Three analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $56.50.

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 for ConocoPhillips (NYSE:COP)

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