[Business Wire] – ConocoPhillips and Texas A&M University recently announced a $6 million contribution by ConocoPhillips to the university’s Dwight Look College of Engineering. The multi-year donation will support construction of the new Engineering Education Complex .
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ConocoPhillips (COP), with a current market cap of $87.28B, started the session at $71.54.
Today, shares have traded between $70.60 and $71.39 per share with its 52-week range being $56.38 to $74.59.
COP shares are currently priced at 11.62x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.70x earnings multiple.
The company pays shareholders $2.76 per share annually in dividends, yielding 3.90%.
According to a consensus of 18 analysts, the earnings estimate of $1.57 per share would be $0.15 better than the year-ago quarter and a $0.01 sequential increase. What we find to be interesting is that the full-year EPS estimate of $6.10 is a $0.40 improvement when compared to the previous year’s annual results.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $15.13 Billion. If realized, that would be a 3.28% increase over the year-ago quarter.
Recently, Howard Weil downgraded COP from Sector Outperform to Sector Perform (Jun 18, 2013). Previously, Barclays upgraded COP from Equal Weight to Overweight.
When considering if perhaps the stock is under or overvalued, the average price target is $78.11, which is 9.18% above where the stock opened this morning.
Summary (NYSE:COP) : ConocoPhillips explores for, develops, and produces crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids worldwide. Its portfolio includes North American shale and oil sands assets; legacy assets in North America, Europe, Asia, and Australia; various international developments; and exploration prospects. ConocoPhillips was founded in 1917 and is headquartered in Houston, Texas.
Tag Helper ~ Stock Code: COP | Common Company name: ConocoPhillips | Full Company name: ConocoPhillips (NYSE:COP) .