ConocoPhillips (COP) Getting Somewhat Favorable News Coverage, Study Finds

Headlines about ConocoPhillips (NYSE:COP) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ConocoPhillips earned a news impact score of 0.19 on Accern’s scale. Accern also assigned news headlines about the energy producer an impact score of 46.4858738324612 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news headlines that may have impacted Accern’s scoring:

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COP traded down $1.20 during trading on Friday, hitting $59.26. 8,837,538 shares of the company traded hands, compared to its average volume of 6,527,195. The firm has a market cap of $69,957.87, a P/E ratio of 98.77, a PEG ratio of 1.76 and a beta of 1.23. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.64 and a current ratio of 1.76. ConocoPhillips has a one year low of $42.26 and a one year high of $61.31.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, February 1st. The energy producer reported $0.45 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. The company had revenue of $8.74 billion during the quarter, compared to analyst estimates of $7.70 billion. ConocoPhillips had a negative net margin of 2.04% and a positive return on equity of 2.81%. During the same quarter in the prior year, the business earned ($0.26) earnings per share. equities research analysts predict that ConocoPhillips will post 2.91 earnings per share for the current fiscal year.

ConocoPhillips declared that its board has authorized a stock buyback plan on Thursday, February 1st that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the energy producer to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Several analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of ConocoPhillips from a “hold” rating to a “strong-buy” rating and set a $66.00 target price for the company in a research note on Wednesday, January 10th. Credit Suisse Group assumed coverage on shares of ConocoPhillips in a research note on Monday, December 11th. They issued a “neutral” rating and a $50.00 target price for the company. Barclays set a $71.00 target price on shares of ConocoPhillips and gave the stock a “buy” rating in a research note on Sunday, March 4th. Piper Jaffray reiterated a “buy” rating and issued a $63.00 target price on shares of ConocoPhillips in a research note on Wednesday, January 24th. Finally, Macquarie assumed coverage on shares of ConocoPhillips in a research note on Wednesday, January 17th. They issued an “outperform” rating for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $59.03.

In other ConocoPhillips news, SVP Andrew D. Lundquist sold 25,000 shares of the company’s stock in a transaction dated Thursday, March 29th. The shares were sold at an average price of $58.96, for a total transaction of $1,474,000.00. Following the sale, the senior vice president now directly owns 27,353 shares of the company’s stock, valued at $1,612,732.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.82% of the stock is currently owned by corporate insiders.

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ConocoPhillips Company Profile

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.

Insider Buying and Selling by Quarter for ConocoPhillips (NYSE:COP)

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