ConocoPhillips EVP Al J. Hirshberg Buys 9,000 Shares (COP)

November 17:

ConocoPhillips (NYSE:COP) EVP Al J. Hirshberg bought 9,000 shares of the stock in a transaction that occurred on Thursday, November 13th. The stock was purchased at an average price of $69.95 per share, for a total transaction of $629,550.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on COP shares. Analysts at Argus cut their price target on shares of ConocoPhillips from $92.00 to $87.00 in a research note on Wednesday, November 5th. They now have a “buy” rating on the stock. Separately, analysts at Credit Agricole upgraded shares of ConocoPhillips from an “underperform” rating to a “buy” rating in a research note on Tuesday, November 4th. Finally, analysts at S&P Equity Research reiterated a “buy” rating on shares of ConocoPhillips in a research note on Friday, October 31st. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $88.87.
Shares of ConocoPhillips (NYSE:COP) traded up 0.01% during mid-day trading on Monday, hitting $71.42. The stock had a trading volume of 4,632,701 shares. ConocoPhillips has a 1-year low of $62.74 and a 1-year high of $87.09. The stock’s 50-day moving average is $71.35 and its 200-day moving average is $78.78. The company has a market cap of $87.912 billion and a price-to-earnings ratio of 9.47.
ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, October 30th. The company reported $1.29 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.20 by $0.09. The company had revenue of $13.63 billion for the quarter, compared to the consensus estimate of $13.10 billion. During the same quarter in the prior year, the company posted 
$1.47 earnings per share. Analysts expect that ConocoPhillips will post $5.89 EPS for the current fiscal year.
ConocoPhillips is an independent exploration and production (NYSE:COP) company, based on proved reserves and production of liquids and natural gas.

Source:  tickerreport.com/banking-finance/350169/conocophillips-evp-al-j-hirshberg-buys-9000-shares-cop/?

Comments