Susquehanna Boosts ConocoPhillips (NYSE:COP) Price Target to $148.00

ConocoPhillips (NYSE:COP) had its price objective upped by stock analysts at Susquehanna from $144.00 to $148.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “positive” rating on the energy producer’s stock. Susquehanna’s price target would indicate a potential upside of 36.71% from the stock’s current price.

A number of other research firms have also recently issued reports on COP. Wolfe Research began coverage on shares of ConocoPhillips in a research note on Thursday, July 18th. They issued an “outperform” rating and a $145.00 price target on the stock. UBS Group dropped their target price on shares of ConocoPhillips from $153.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Wells Fargo & Company restated a “sector perform” rating on shares of ConocoPhillips in a research report on Friday, October 18th. Mizuho lowered their price objective on ConocoPhillips from $132.00 to $129.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. Finally, Barclays increased their target price on ConocoPhillips from $135.00 to $137.00 and gave the company an “overweight” rating in a report on Friday. Six analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $137.29.

ConocoPhillips Stock Performance

COP stock traded down $1.28 during midday trading on Friday, hitting $108.26. 1,849,587 shares of the stock traded hands, compared to its average volume of 5,881,837. The stock’s fifty day simple moving average is $108.01 and its 200-day simple moving average is $113.17. The firm has a market cap of $125.72 billion, a P/E ratio of 12.09, a PEG ratio of 0.84 and a beta of 1.21. ConocoPhillips has a 1-year low of $101.29 and a 1-year high of $135.18. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.33 and a quick ratio of 1.19.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, October 31st. The energy producer reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.10. ConocoPhillips had a return on equity of 20.81% and a net margin of 18.18%. The company had revenue of $13.60 billion during the quarter, compared to analysts’ expectations of $13.97 billion. During the same quarter in the prior year, the firm posted $2.16 EPS. ConocoPhillips’s quarterly revenue was down 8.5% compared to the same quarter last year. On average, analysts expect that ConocoPhillips will post 7.76 earnings per share for the current year.

Insider Transactions at ConocoPhillips

In other ConocoPhillips news, Director Timothy A. Leach sold 55,500 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $108.11, for a total value of $6,000,105.00. Following the transaction, the director now owns 455,909 shares of the company’s stock, valued at $49,288,321.99. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.34% of the company’s stock.

Institutional Investors Weigh In On ConocoPhillips

A number of institutional investors have recently modified their holdings of the company. Values First Advisors Inc. acquired a new stake in ConocoPhillips during the 3rd quarter worth approximately $26,000. Stephens Consulting LLC raised its stake in shares of ConocoPhillips by 69.3% in the second quarter. Stephens Consulting LLC now owns 254 shares of the energy producer’s stock valued at $29,000 after acquiring an additional 104 shares in the last quarter. Reston Wealth Management LLC purchased a new position in ConocoPhillips in the third quarter valued at $31,000. Ruedi Wealth Management Inc. grew its stake in ConocoPhillips by 150.0% during the 1st quarter. Ruedi Wealth Management Inc. now owns 250 shares of the energy producer’s stock worth $32,000 after purchasing an additional 150 shares in the last quarter. Finally, Y.D. More Investments Ltd purchased a new stake in ConocoPhillips during the 2nd quarter worth about $35,000. 82.36% of the stock is owned by institutional investors and hedge funds.

About ConocoPhillips

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.