ConocoPhillips (NYSE:COP) Target Raised by UBS Group AG to $62.00

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ConocoPhillips stock has undergone multiple analysts rating changes in the recent past.  ConocoPhillips stock Target Raised by   UBS Group AG on 6/29/2020. In a note to investors, the firm issued a new target price of $62.00. The analysts previously had $50.00 target price. UBS Group AG’s price target would indicate a potential upside of 52.94% from the stock’s previous close.

Shares of ConocoPhillips traded up $0.95 on Monday, reaching $41.30. 4174015 shares of the stock traded hands, compared to its average volume of 7497240. Shares of were trading at $41.30 on Monday. The firm’s 50 day moving average is $42.12 and its 200 day moving average is 50.68.ConocoPhillips  has a 12 month low of $39.92 and a 12 month high of $67.13. While on yearly highs and lows, ConocoPhillips today has traded high as $41.35 and has touched $39.92 on the downward trend.

ConocoPhillips Earnings and What to expect: 

ConocoPhillips last issued its quarterly earnings results on April 30th, 2020. The energy producer reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.22. The business had revenue of $4.81 billion for the quarter, compared to analyst estimates of $6.55 billion. ConocoPhillips has generated $3.59 earnings per share over the last year and currently has a price-to-earnings ratio of 12.9. ConocoPhillips has confirmed that its next quarterly earnings report will be published on Thursday, July 30th, 2020. ConocoPhillips will be holding an earnings conference call on Thursday, July 30th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Earnings for ConocoPhillips are expected to grow in the coming year, from ($0.79) to ($0.39) per share. The P/E ratio of ConocoPhillips is 12.88, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.08. The P/E ratio of ConocoPhillips is 12.88, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 9.20. ConocoPhillips has a P/B Ratio of 1.29. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 0.70%
  • On 5/13/2020 Director David Thomas Seaton Buy 2,400 at average share price of $41.03 which equates to $98,472.00 in money value.
  • On 2/14/2020 SVP Ellen Desanctis Sell 41,882 at average price of  $58.55 with total value of : Not Data Available
  • On 12/18/2019 President William L Jr. Bullock Sell 25,628 at average price of  $63.17 with total value of : $1,618,920.76
  • See More Analyst Rating at: RATING

Other Analyst’s rating for ConocoPhillips

  • 6/19/2020 – ConocoPhillips had its price target raised by analysts at Mizuho from $37.00 to $46.00. ()
  • 6/12/2020 – ConocoPhillips is now covered by analysts at Jefferies Financial Group Inc. They set a “buy” rating and a $56.00 price target on the stock. ()
  • 6/10/2020 – ConocoPhillips was downgraded by analysts at Cfra to a “hold” rating. They now have a $50.00 price target on the stock. ()
  • 5/26/2020 – ConocoPhillips had its price target raised by analysts at Piper Sandler from $43.00 to $49.00. They now have an “overweight” rating on the stock. ()
  • See More Analyst Rating at: RATING

Other rating updates by UBS Group AG: 

  • 6/29/2020 – Apache had its price target raised by analysts at UBS Group AG from $4.50 to $15.00. They now have a “neutral” rating on the stock. ()
  • 6/29/2020 – Berry Petroleum had its price target raised by analysts at UBS Group AG from $4.50 to $7.00. They now have a “buy” rating on the stock. ()
  • 6/29/2020 – Continental Resources had its price target raised by analysts at UBS Group AG from $7.00 to $16.00. They now have a “neutral” rating on the stock. ()
  • 6/29/2020 – Concho Resources had its price target raised by analysts at UBS Group AG from $74.00 to $99.00. They now have a “buy” rating on the stock. ()
  • See More Analyst Rating at: RATING

ConocoPhillips (NYSE:COP) Moving Average Technical Analysis

5 day Moving Average is $41.68 And 5 day price change is -2.38 (-5.46%)  with average volume for 5 day average is 5,795,081. While technical analysis for average 20 days shows significant difference, 20 day moving average is  44.3 and 20 day price change is -2.21 (-5.09%) and average 20 day moving volume is 7,530,135. 50 day moving average is 42.12  and 50 day price change is 5.92 ( 0.1679)  and with average volume for 50 days is : 8,254,908. 200 day moving average is 50.68  and 200 day price change is -15.17 (-26.92%)  and with average volume for 200 days is : 8,382,684.

See More Analyst Rating at: RATING