Somewhat Positive Media Coverage Somewhat Unlikely to Impact ConocoPhillips (COP) Stock Price
News articles about ConocoPhillips (NYSE:COP) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. ConocoPhillips earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave press coverage about the energy producer an impact score of 46.5007342981439 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s analysis:
- Is ConocoPhillips Fairly Valued? (trefis.com)
- Zacks: Analysts Expect ConocoPhillips (COP) Will Announce Quarterly Sales of $8.52 Billion (americanbankingnews.com)
- BRIEF-ConocoPhillips Announces Cash Tender Offer For Up To $400 Mln Of Debt Securities (reuters.com)
- Stock Comparison: How Have COP, DVN, OXY, APC, and EOG Fared? (finance.yahoo.com)
- ConocoPhillips Announces Cash Tender Offer For up to $400 Million of Debt Securities (markets.financialcontent.com)
A number of research analysts recently commented on COP shares. Royal Bank of Canada set a $61.00 price target on shares of ConocoPhillips and gave the company a “buy” rating in a report on Wednesday, December 20th. Cowen set a $70.00 price objective on shares of ConocoPhillips and gave the stock a “buy” rating in a research report on Thursday, January 18th. Howard Weil lowered shares of ConocoPhillips from a “focus list” rating to an “outperform” rating and set a $58.00 price objective on the stock. in a research report on Friday, December 22nd. Zacks Investment Research lowered shares of ConocoPhillips from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Finally, Goldman Sachs Group raised shares of ConocoPhillips from a “neutral” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $58.75.
ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, February 1st. The energy producer reported $0.45 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.45. The business had revenue of $8.74 billion for the quarter, compared to analyst estimates of $7.70 billion. ConocoPhillips had a negative net margin of 2.04% and a positive return on equity of 2.81%. During the same period last year, the company posted ($0.26) earnings per share. research analysts anticipate that ConocoPhillips will post 2.87 EPS for the current year.
ConocoPhillips declared that its board has initiated a share buyback plan on Thursday, February 1st that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the energy producer to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Monday, February 12th were paid a dividend of $0.285 per share. The ex-dividend date of this dividend was Friday, February 9th. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.27. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.11%. ConocoPhillips’s dividend payout ratio (DPR) is currently -228.00%.
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ConocoPhillips Company Profile
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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