News headlines about ConocoPhillips (NYSE:COP) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. ConocoPhillips earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave headlines about the energy producer an impact score of 77 out of 100, meaning that recent press coverage is likely to have an impact on the stock’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Cenovus shares fall in early Tuesday trading after announcing more asset sales, CEO’s retirement (globalnews.ca)
- Cenovus shares slide after chief executive Brian Ferguson announces retirement (theglobeandmail.com)
- Cenovus fiasco a leverage warning for oil sector (breakingviews.com)
- Cenovus to replace CEO, plans asset sales after unpopular deal (reuters.com)
- Cenovus Energy: Misplaced Market Fears About A Bargain Acquisition (seekingalpha.com)
Shares of ConocoPhillips (NYSE COP) traded down 1.16% during trading on Tuesday, hitting $45.82. 7,739,578 shares of the stock were exchanged. The stock’s market cap is $56.68 billion. ConocoPhillips has a 12-month low of $38.80 and a 12-month high of $53.17. The stock’s 50 day moving average is $45.98 and its 200-day moving average is $48.17.
ConocoPhillips (NYSE:COP) last issued its earnings results on Tuesday, May 2nd. The energy producer reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by $0.05. ConocoPhillips had a negative return on equity of 5.92% and a negative net margin of 5.05%. The firm had revenue of $7.77 billion for the quarter, compared to analyst estimates of $7.47 billion. During the same period in the previous year, the company earned ($0.95) earnings per share. Equities research analysts anticipate that ConocoPhillips will post $0.53 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Monday, May 15th were given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date was Thursday, May 11th. ConocoPhillips’s payout ratio is -95.50%.
Several equities analysts have commented on the stock. Cowen and Company restated a “buy” rating on shares of ConocoPhillips in a research note on Friday, April 14th. Scotiabank set a $53.00 price objective on shares of ConocoPhillips and gave the company a “buy” rating in a research note on Monday, March 27th. TheStreet raised shares of ConocoPhillips from a “d+” rating to a “c” rating in a report on Monday, March 6th. Guggenheim started coverage on shares of ConocoPhillips in a report on Tuesday, April 18th. They issued a “neutral” rating for the company. Finally, Jefferies Group LLC raised shares of ConocoPhillips from a “hold” rating to a “buy” rating and increased their price target for the stock from $55.00 to $59.00 in a report on Wednesday, May 17th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $56.92.
In other news, VP James D. Mcmorran sold 9,091 shares of the company’s stock in a transaction that occurred on 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 document filed with the SEC, which can be accessed through this hyperlink. 0.82% of the stock is owned by corporate insiders.
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.
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