[Business Wire] – ConocoPhillips today announced that Ryan Lance, chairman and CEO, will speak to investors and securities analysts at the Barclays CEO Energy-Power Conference in New York City on Wednesday, Sept.
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ConocoPhillips (COP), with a current market cap of $98.25B, opened this morning at $79.65.
Looking at today’s market, COP one day range is $79.40 to $80.18 with its 52-week range being $62.74 to $87.09.
ConocoPhillips (COP) shares are currently priced at 12.29x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.18x earnings multiple for the same period.
And for those looking to make a return holding the stock, the company pays shareholders $2.76 per share annually in dividends, yielding 3.20%.
According to a consensus of 19 analysts, the earnings estimate of $1.45 per share would be $0.02 worse than the year-ago quarter and a $0.02 sequential increase. What we find to be interesting is that the full-year EPS estimate of $6.56 is a $0.86 better 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 $15.06 Billion. If realized, that would be a 2.65% decrease over the year-ago quarter.
Recently, Howard Weil upgraded COP from Sector Perform to Sector Outperform (Jun 11, 2014). Previously, Deutsche Bank Initiated COP at to Buy.
Given all the information above, we should disclose to readers that the average price target is $91.09, which is 14.36% above than it 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.
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