ConocoPhillips (NYSE:COP) posted its quarterly earnings data on Thursday. The energy producer reported $0.14 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.16, MarketWatch Earnings reports. The company had revenue of $8.88 billion during the quarter, compared to analyst estimates of $6.74 billion. ConocoPhillips had a negative net margin of 12.29% and a negative return on equity of 2.75%. During the same period in the previous year, the firm earned ($0.79) earnings per share.
ConocoPhillips (COP) traded up 1.34% during mid-day trading on Friday, reaching $45.26. 10,794,866 shares of the company were exchanged. ConocoPhillips has a 1-year low of $38.80 and a 1-year high of $53.17. The stock’s 50-day moving average price is $44.27 and its 200-day moving average price is $46.83. The stock’s market capitalization is $55.99 billion.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, July 24th will be paid a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Thursday, July 20th. ConocoPhillips’s dividend payout ratio (DPR) is presently -34.98%.
In related news, VP James D. Mcmorran sold 9,091 shares of the firm’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.82% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This news story was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this news story can be accessed at https://stocknewstimes.com/2017/07/29/conocophillips-nysecop-announces-quarterly-earnings-results.html.
Several research firms have commented on COP. Bank of America Corporation lowered shares of ConocoPhillips from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $68.00 to $67.00 in a research note on Thursday, May 11th. Cowen and Company reaffirmed a “buy” rating on shares of ConocoPhillips in a research note on Friday, April 14th. Scotiabank set a $54.00 price objective on shares of ConocoPhillips and gave the stock a “buy” rating in a research note on Saturday, July 1st. Wolfe Research lowered shares of ConocoPhillips from an “outperform” rating to a “market perform” rating in a research note on Monday, July 17th. Finally, Guggenheim began coverage on shares of ConocoPhillips in a research note on Tuesday, April 18th. They set a “neutral” rating for the company. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $55.18.
About ConocoPhillips
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.
Receive News & Ratings for ConocoPhillips Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ConocoPhillips and related companies with MarketBeat.com's FREE daily email newsletter.
