ConocoPhillips (NYSE:COP) Now Covered by Robert W. Baird

Robert W. Baird began coverage on shares of ConocoPhillips (NYSE:COP) in a research note published on Tuesday morning, BenzingaRatingsTable reports. The brokerage issued an outperform rating and a $72.00 target price on the energy producer’s stock.

A number of other equities analysts have also recently commented on the company. UBS Group upgraded ConocoPhillips from a neutral rating to a buy rating and raised their target price for the company from $70.00 to $75.00 in a report on Monday, September 16th. Morgan Stanley lowered their target price on ConocoPhillips from $81.00 to $79.00 and set an overweight rating for the company in a report on Monday, October 14th. ValuEngine upgraded ConocoPhillips from a sell rating to a hold rating in a report on Wednesday, October 2nd. Goldman Sachs Group set a $67.00 target price on ConocoPhillips and gave the company a buy rating in a report on Friday, October 11th. Finally, MKM Partners started coverage on ConocoPhillips in a report on Thursday, December 5th. They set a buy rating and a $72.00 target price for the company. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $74.00.

Shares of NYSE:COP remained flat at $$65.07 during midday trading on Tuesday. The company had a trading volume of 4,650,978 shares, compared to its average volume of 5,646,944. The stock has a fifty day moving average price of $63.56 and a 200 day moving average price of $58.52. The company has a current ratio of 2.56, a quick ratio of 2.40 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $71.48 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 2.14 and a beta of 1.13. ConocoPhillips has a 1 year low of $50.13 and a 1 year high of $71.01.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Tuesday, October 29th. The energy producer reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. The firm had revenue of $10.09 billion during the quarter, compared to the consensus estimate of $7.06 billion. ConocoPhillips had a return on equity of 13.54% and a net margin of 21.44%. During the same period last year, the company earned $1.36 EPS. On average, analysts expect that ConocoPhillips will post 3.64 EPS for the current year.

In related news, President William L. Jr. Bullock sold 25,628 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $63.17, for a total transaction of $1,618,920.76. Following the completion of the transaction, the president now directly owns 32,926 shares in the company, valued at approximately $2,079,935.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.66% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Rothschild & Co Wealth Management UK Ltd purchased a new position in shares of ConocoPhillips in the 2nd quarter valued at about $27,000. Manchester Financial Inc. purchased a new position in shares of ConocoPhillips in the 4th quarter valued at about $36,000. Prestige Wealth Management Group LLC purchased a new position in shares of ConocoPhillips in the 2nd quarter valued at about $38,000. Pathstone Family Office LLC boosted its stake in shares of ConocoPhillips by 268.2% in the 2nd quarter. Pathstone Family Office LLC now owns 740 shares of the energy producer’s stock valued at $45,000 after buying an additional 539 shares during the period. Finally, AllSquare Wealth Management LLC boosted its stake in shares of ConocoPhillips by 32.7% in the 3rd quarter. AllSquare Wealth Management LLC now owns 742 shares of the energy producer’s stock valued at $42,000 after buying an additional 183 shares during the period. Institutional investors and hedge funds own 71.63% of the company’s stock.

About ConocoPhillips

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the tight oil reservoirs, LNG, oil sands, and other production operations. Its portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.

Further Reading: Asset Allocation, Balancing Your Investments

Analyst Recommendations for ConocoPhillips (NYSE:COP)

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