ConocoPhillips (COP) Earning Somewhat Favorable News Coverage, Report Shows

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News headlines about ConocoPhillips (NYSE:COP) have trended somewhat positive on Saturday, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. ConocoPhillips earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave news coverage about the energy producer an impact score of 46.2643555738648 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:

ConocoPhillips opened at $69.62 on Friday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.86 and a quick ratio of 1.71. ConocoPhillips has a one year low of $42.26 and a one year high of $71.71. The firm has a market cap of $80.04 billion, a price-to-earnings ratio of 116.03, a P/E/G ratio of 1.85 and a beta of 1.22.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, April 26th. The energy producer reported $0.96 EPS for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.22. The firm had revenue of $8.96 billion during the quarter, compared to analysts’ expectations of $8.68 billion. ConocoPhillips had a negative net margin of 1.64% and a positive return on equity of 6.69%. During the same period in the previous year, the business posted ($0.02) earnings per share. sell-side analysts anticipate that ConocoPhillips will post 4.11 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Monday, May 14th were given a $0.285 dividend. The ex-dividend date was Friday, May 11th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.64%. ConocoPhillips’s payout ratio is presently 190.00%.

A number of brokerages have commented on COP. Macquarie lowered shares of ConocoPhillips from an “outperform” rating to a “neutral” rating in a report on Thursday, April 26th. They noted that the move was a valuation call. Sanford C. Bernstein raised shares of ConocoPhillips from a “market perform” rating to an “outperform” rating and set a $82.00 price objective on the stock in a research note on Friday, June 8th. Mizuho started coverage on shares of ConocoPhillips in a research note on Friday, June 8th. They set a “neutral” rating and a $73.00 price objective on the stock. Barclays lifted their price objective on shares of ConocoPhillips from $71.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, April 27th. Finally, Zacks Investment Research downgraded shares of ConocoPhillips from a “buy” rating to a “hold” rating in a report on Friday, April 20th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $66.90.

In other news, Director Jody Freeman sold 3,716 shares of the business’s stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $65.55, for a total value of $243,583.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Janet Langford Kelly sold 50,000 shares of the business’s stock in a transaction dated Monday, May 7th. The shares were sold at an average price of $67.46, for a total transaction of $3,373,000.00. Following the completion of the sale, the senior vice president now directly owns 41,211 shares of the company’s stock, valued at approximately $2,780,094.06. The disclosure for this sale can be found here. In the last three months, insiders sold 284,052 shares of company stock valued at $19,491,534. 0.88% of the stock is currently owned by company insiders.

ConocoPhillips Company Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. Its portfolio includes North American tight oil and oil sands assets in Canada; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; and an inventory of conventional and unconventional exploration prospects.

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

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