Headlines about ConocoPhillips (NYSE:COP) have been trending somewhat positive recently, AlphaOne Sentiment reports. The research firm, a subsidiary of Accern, rates the sentiment of news coverage by monitoring more than twenty million blog and news sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. ConocoPhillips earned a news impact score of 0.07 on AlphaOne’s scale. AlphaOne also assigned news articles about the energy producer an impact score of 88 out of 100, meaning that recent news coverage is very likely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have impacted AlphaOne’s rankings:
- ConocoPhillips completes sale of oil sands and gas assets (pennenergy.com)
- SFO Charges Another Individual in F.H. Bertling’s Jasmine Case (finance.yahoo.com)
- Stock Traders Purchase Large Volume of ConocoPhillips Put Options (COP) (americanbankingnews.com)
- BRIEF-ConocoPhillips revises Q2 production guidance – Reuters (reuters.com)
- Cenovus acquires assets from ConocoPhillips in western Canada – WorldOil (subscription) (worldoil.com)
Shares of ConocoPhillips (NYSE:COP) opened at 47.48 on Friday. The stock’s 50 day moving average price is $48.06 and its 200-day moving average price is $48.08. The stock’s market capitalization is $58.74 billion. ConocoPhillips has a 1-year low of $38.80 and a 1-year high of $53.17. ConocoPhillips also was the target of some unusual options trading activity on Friday. Stock investors purchased 5,234 put options on the company. This is an increase of approximately 855% compared to the average volume of 548 put options.
ConocoPhillips (NYSE:COP) last issued its earnings results on Tuesday, May 2nd. The energy producer reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by $0.05. ConocoPhillips had a negative net margin of 14.84% and a negative return on equity of 8.73%. The business had revenue of $7.77 billion for the quarter, compared to the consensus estimate of $7.47 billion. During the same period in the previous year, the firm earned ($0.95) EPS. Equities research analysts anticipate that ConocoPhillips will post $0.61 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Monday, May 15th will be issued a $0.265 dividend. The ex-dividend date is Thursday, May 11th. This represents a $1.06 annualized dividend and a dividend yield of 2.28%. ConocoPhillips’s payout ratio is currently -36.43%.
Several equities research analysts have weighed in on the company. Goldman Sachs Group Inc reaffirmed a “positive” rating on shares of ConocoPhillips in a research report on Monday, February 6th. Scotiabank reissued a “buy” rating and set a $60.00 price target on shares of ConocoPhillips in a report on Monday, February 6th. Royal Bank of Canada reissued a “buy” rating on shares of ConocoPhillips in a report on Tuesday, February 7th. Cowen and Company reissued an “outperform” rating and set a $59.00 price target on shares of ConocoPhillips in a report on Thursday, March 30th. Finally, Instinet reaffirmed a “neutral” rating and set a $54.00 target price on shares of ConocoPhillips in a report on Monday, April 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $56.92.
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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 six segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International.
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