ConocoPhillips Poised to Announce Quarterly Earnings

ConocoPhillips (NYSE:COP) is scheduled to release its earnings report prior to the opening of the market on Thursday, February 8th. Wall Street analysts have forecasted that the company will announce earnings of $2.70 per share for the quarter. Individuals interested in participating in the company's earnings conference call can sign up through a provided link.

Earnings Anticipation and Stock Analysis

As the market prepares for ConocoPhillips' earnings report, the stock opened at $109.97 on Tuesday. The stock has been tracking with a fifty-day simple moving average of $113.32 and a two-hundred-day simple moving average of $116.64. The price of ConocoPhillips shares has fluctuated between a 12-month low of $91.53 and a 12-month high of $127.35. Looking at key financial ratios, ConocoPhillips reveals a current ratio of 1.66, a quick ratio of 1.53, and a debt-to-equity ratio of 0.38. The market capitalization stands at $130.58 billion, with a P/E ratio of 12.02, a PEG ratio of 0.64, and a beta of 1.24.

Analyst Ratings and Price Targets

Several analysts have given their perspectives on ConocoPhillips' stock. Johnson Rice downgraded the stock from 'accumulate' to 'hold'. JPMorgan Chase & Co. revised their price target down to $141.00 while maintaining a 'neutral' stance. Mizuho lowered their price target to $132.00, echoing a 'neutral' rating. Conversely, Susquehanna reduced their price target to $133.00 but maintained a 'positive' outlook. Raymond James decreased their target to $137.00 but recommended a 'strong-buy'. In sum, five analysts hold a 'hold' rating, twelve suggest a 'buy', and one advocates a 'strong buy'. The average price target stands at $135.18, with an overall consensus rating of 'Moderate Buy'.

Insider Transactions and Institutional Movements

In a notable insider transaction, Director Timothy A. Leach sold 44,000 shares at an average price of $114.64, totaling over $5 million. Post-sale, Leach holds 578,748 shares worth approximately $66.35 million. The ownership of company insiders totals 0.37%. Additionally, various institutional investors have adjusted their stakes in COP. Moneta Group Investment Advisors LLC significantly increased their holdings, while Morgan Stanley and others also boosted their investments in the company, demonstrating a strong institutional confidence in ConocoPhillips.

Company Overview

ConocoPhillips engages in the exploration, production, transport, and marketing of energy products such as crude oil, natural gas, bitumen, and LNG globally. Their portfolio includes unconventional and conventional assets, LNG projects, oil sands in Canada, and a diverse set of global exploration opportunities.

ConocoPhillips, Earnings, Stocks