KeyCorp Boosts ConocoPhillips (NYSE:COP) Price Target to $48.00

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ConocoPhillips (NYSE:COP) had its price target increased by analysts at KeyCorp from $45.00 to $48.00 in a report issued on Thursday, Stock Target Advisor reports. The brokerage currently has an “overweight” rating on the energy producer’s stock. KeyCorp’s price target would indicate a potential upside of 2.06% from the company’s current price.

A number of other research analysts have also recently weighed in on COP. Royal Bank of Canada reaffirmed a “buy” rating on shares of ConocoPhillips in a report on Wednesday, October 14th. Barclays lifted their price objective on shares of ConocoPhillips from $49.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, December 18th. Evercore ISI started coverage on shares of ConocoPhillips in a report on Thursday, December 17th. They issued a $54.00 price objective for the company. BMO Capital Markets raised shares of ConocoPhillips to a “buy” rating and set a $56.00 price objective for the company in a report on Monday. Finally, Bank of America raised shares of ConocoPhillips from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $28.62 to $44.00 in a research note on Monday, November 2nd. Three equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $53.11.

NYSE COP opened at $47.03 on Thursday. The company has a market capitalization of $50.45 billion, a PE ratio of -41.62, a P/E/G ratio of 9.90 and a beta of 1.85. The company has a fifty day moving average of $42.02 and a 200 day moving average of $37.86. ConocoPhillips has a 1 year low of $20.84 and a 1 year high of $65.61. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.38 and a quick ratio of 2.16.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, October 29th. The energy producer reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.01). ConocoPhillips had a negative net margin of 5.66% and a negative return on equity of 0.02%. The firm had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.98 billion. During the same period in the previous year, the firm posted $0.82 EPS. Research analysts expect that ConocoPhillips will post -0.89 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hexagon Capital Partners LLC acquired a new position in ConocoPhillips during the third quarter worth about $25,000. TFC Financial Management acquired a new position in ConocoPhillips in the 3rd quarter valued at about $28,000. Horan Capital Advisors LLC. acquired a new position in ConocoPhillips in the 3rd quarter valued at about $35,000. Chiron Capital Management LLC acquired a new position in ConocoPhillips in the 3rd quarter valued at about $35,000. Finally, Planned Solutions Inc. acquired a new position in ConocoPhillips in the 3rd quarter valued at about $39,000. Hedge funds and other institutional investors own 72.87% of the company’s stock.

ConocoPhillips Company Profile

ConocoPhillips engages in the exploration, production, transportation and marketing of crude oil, bitumen, natural gas, natural gas liquids and liquefied natural gas on a worldwide basis. It operates through the following geographical segments: Alaska; Lower 48; Canada; Europe and North Africa; Asia Pacific and Middle East; Other International; and Corporate & Other.

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Analyst Recommendations for ConocoPhillips (NYSE:COP)

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