Media stories about ConocoPhillips (NYSE:COP) have trended positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. ConocoPhillips earned a news sentiment score of 0.26 on Accern’s scale. Accern also gave news coverage about the energy producer an impact score of 83 out of 100, meaning that recent press coverage is very likely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s analysis:
- Is Arctic Drilling Still Profitable For Norway? (finance.yahoo.com)
- Better Buy: ConocoPhillips vs. Royal Dutch Shell – Motley Fool (fool.com)
- Conocophillips (COP) Breaks Through Support at $42.92 (mysmartrend.com)
- ConocoPhillips Sees Unusually High Options Volume (COP) (americanbankingnews.com)
- Noble v. Conocophillips, 15-0502 (TexApp Dist 06/23/2017) – Texas Lawyer (texaslawyer.com)
A number of research firms recently weighed in on COP. Instinet reiterated a “neutral” rating and issued a $54.00 price target on shares of ConocoPhillips in a research report on Monday, April 3rd. Scotiabank set a $54.00 price target on ConocoPhillips and gave the company a “buy” rating in a research report on Saturday, July 1st. BidaskClub upgraded ConocoPhillips from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Sanford C. Bernstein lowered ConocoPhillips from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $63.00 to $42.00 in a research report on Thursday. Finally, Vetr lowered ConocoPhillips from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 31st. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. ConocoPhillips has a consensus rating of “Buy” and a consensus price target of $55.81.
Shares of ConocoPhillips (NYSE:COP) traded up 0.95% during midday trading on Monday, hitting $43.41. The stock had a trading volume of 2,943,851 shares. ConocoPhillips has a one year low of $38.80 and a one year high of $53.17. The company’s market capitalization is $53.70 billion. The firm’s 50-day moving average is $45.46 and its 200 day moving average is $47.90.
ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Tuesday, May 2nd. The energy producer reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.03 by $0.05. The firm had revenue of $7.77 billion for the quarter, compared to analyst estimates of $7.47 billion. ConocoPhillips had a negative return on equity of 5.92% and a negative net margin of 5.05%. During the same period in the prior year, the company earned ($0.95) earnings per share. Equities analysts expect that ConocoPhillips will post $0.43 earnings per share for the current fiscal year.
In other news, VP James D. Mcmorran sold 9,091 shares of the company’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $47.47, for a total transaction of $431,549.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.82% of the stock is owned by corporate insiders.
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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