ConocoPhillips (COP) Expected to Announce Earnings on Thursday

ConocoPhillips (NYSE:COP - Get Free Report) is expected to release its earnings data before the market opens on Thursday, February 6th. Analysts expect ConocoPhillips to post earnings of $1.78 per share and revenue of $14.22 billion for the quarter. Investors interested in registering for the company's conference call can do so using this link.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its earnings results on Thursday, October 31st. The energy producer reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.10. The company had revenue of $13.60 billion for the quarter, compared to analysts' expectations of $13.97 billion. ConocoPhillips had a net margin of 17.29% and a return on equity of 19.53%. The firm's quarterly revenue was down 8.5% on a year-over-year basis. During the same quarter last year, the company posted $2.16 earnings per share. On average, analysts expect ConocoPhillips to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

ConocoPhillips Stock Performance

Shares of ConocoPhillips stock traded up $0.26 on Thursday, hitting $101.82. 1,759,322 shares of the company's stock were exchanged, compared to its average volume of 5,555,441. The stock has a market capitalization of $117.19 billion, a PE ratio of 12.10, a PEG ratio of 0.86 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.16 and a current ratio of 1.30. The company has a 50-day simple moving average of $102.29 and a 200-day simple moving average of $106.86. ConocoPhillips has a 1 year low of $94.23 and a 1 year high of $135.18.

Insider Buying and Selling at ConocoPhillips

In related news, Director Arjun N. Murti purchased 2,500 shares of the firm's stock in a transaction dated Friday, December 20th. The stock was acquired at an average price of $95.87 per share, with a total value of $239,675.00. Following the completion of the transaction, the director now owns 21,500 shares of the company's stock, valued at $2,061,205. This represents a 13.16 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director R A. Walker acquired 10,400 shares of the firm's stock in a transaction on Tuesday, December 17th. The shares were bought at an average cost of $97.80 per share, with a total value of $1,017,120.00. Following the completion of the acquisition, the director now owns 38,000 shares in the company, valued at $3,716,400. This represents a 37.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.34% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on COP shares. Mizuho upgraded ConocoPhillips from a "neutral" rating to an "outperform" rating and raised their price target for the company from $132.00 to $134.00 in a report on Monday, December 16th. Raymond James lifted their price target on ConocoPhillips from $148.00 to $157.00 and gave the stock a "strong-buy" rating in a research report on Thursday, January 23rd. BMO Capital Markets upped their price objective on ConocoPhillips from $123.00 to $125.00 and gave the company an "outperform" rating in a research report on Friday, October 4th. Susquehanna lifted their target price on ConocoPhillips from $144.00 to $148.00 and gave the stock a "positive" rating in a report on Friday, November 1st. Finally, Truist Financial boosted their price objective on shares of ConocoPhillips from $138.00 to $139.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, ConocoPhillips presently has an average rating of "Buy" and an average price target of $135.89.

About ConocoPhillips

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.