ConocoPhillips (NYSE:COP) – Equities researchers at Piper Jaffray Companies lifted their Q1 2019 earnings per share estimates for shares of ConocoPhillips in a note issued to investors on Monday, April 22nd. Piper Jaffray Companies analyst B. Fernandez now expects that the energy producer will post earnings per share of $0.92 for the quarter, up from their previous forecast of $0.82. Piper Jaffray Companies has a “Overweight” rating and a $75.00 price target on the stock.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, January 31st. The energy producer reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.08. ConocoPhillips had a net margin of 16.16% and a return on equity of 16.91%. The company had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the prior year, the company posted $0.45 EPS.

A number of other research analysts also recently issued reports on COP. Zacks Investment Research upgraded shares of ConocoPhillips from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research report on Wednesday, March 13th. Morgan Stanley upped their target price on shares of ConocoPhillips from $77.00 to $78.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. Goldman Sachs Group upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and upped their target price for the company from $76.00 to $82.00 in a research report on Sunday, February 3rd. Barclays restated a “buy” rating and set a $79.00 target price on shares of ConocoPhillips in a research report on Friday, January 11th. Finally, Bank of America downgraded shares of ConocoPhillips from a “buy” rating to a “neutral” rating and set a $75.00 price target on the stock. in a research report on Friday, January 4th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $79.00.

ConocoPhillips stock opened at $66.45 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.66 and a current ratio of 1.79. ConocoPhillips has a 1 year low of $56.75 and a 1 year high of $80.24. The stock has a market cap of $74.76 billion, a price-to-earnings ratio of 14.67, a price-to-earnings-growth ratio of 1.67 and a beta of 1.11.

Several large investors have recently made changes to their positions in the stock. Lenox Wealth Advisors LLC bought a new stake in ConocoPhillips during the 1st quarter worth approximately $27,000. Smart Portfolios LLC increased its stake in ConocoPhillips by 69.5% during the 4th quarter. Smart Portfolios LLC now owns 478 shares of the energy producer’s stock worth $30,000 after purchasing an additional 196 shares in the last quarter. Athena Capital Advisors LLC bought a new stake in ConocoPhillips during the 4th quarter worth approximately $32,000. Clarfeld Financial Advisors LLC bought a new stake in ConocoPhillips during the 4th quarter worth approximately $32,000. Finally, Ironwood Financial llc increased its stake in ConocoPhillips by 294.1% during the 4th quarter. Ironwood Financial llc now owns 536 shares of the energy producer’s stock worth $33,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 73.59% of the company’s stock.

About ConocoPhillips

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 tight oil reservoirs, LNG, oil sands, and other production operations. Its portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.

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Earnings History and Estimates for ConocoPhillips (NYSE:COP)

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