Roth Capital Comments on ConocoPhillips’ Q4 2024 Earnings (NYSE:COP)

ConocoPhillips (NYSE:COP) – Equities researchers at Roth Capital decreased their Q4 2024 earnings per share (EPS) estimates for shares of ConocoPhillips in a report released on Thursday, August 1st. Roth Capital analyst L. Mariani now expects that the energy producer will earn $2.40 per share for the quarter, down from their prior estimate of $2.58. The consensus estimate for ConocoPhillips’ current full-year earnings is $8.73 per share. Roth Capital also issued estimates for ConocoPhillips’ Q1 2025 earnings at $2.44 EPS, Q2 2025 earnings at $2.25 EPS, Q3 2025 earnings at $2.51 EPS, Q4 2025 earnings at $3.07 EPS and FY2025 earnings at $10.27 EPS.

COP has been the topic of a number of other research reports. Barclays boosted their price objective on shares of ConocoPhillips from $158.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. Piper Sandler increased their price target on ConocoPhillips from $145.00 to $157.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Scotiabank cut their price objective on ConocoPhillips from $135.00 to $120.00 and set a “sector perform” rating for the company in a report on Friday, July 12th. Sanford C. Bernstein dropped their price target on shares of ConocoPhillips from $147.00 to $132.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Finally, Susquehanna boosted their price objective on shares of ConocoPhillips from $133.00 to $154.00 and gave the stock a “positive” rating in a research note on Monday, April 22nd. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, ConocoPhillips has a consensus rating of “Moderate Buy” and an average price target of $143.24.

ConocoPhillips Trading Down 2.5 %

NYSE COP opened at $108.37 on Friday. ConocoPhillips has a 52 week low of $105.77 and a 52 week high of $135.18. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.21 and a current ratio of 1.35. The stock’s 50 day moving average price is $112.98 and its two-hundred day moving average price is $117.08. The stock has a market capitalization of $126.74 billion, a price-to-earnings ratio of 12.27, a PEG ratio of 2.20 and a beta of 1.24.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, May 2nd. The energy producer reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.04. The firm had revenue of $14.48 billion during the quarter, compared to analysts’ expectations of $14.72 billion. ConocoPhillips had a return on equity of 20.85% and a net margin of 18.40%.

Institutional Trading of ConocoPhillips

Hedge funds have recently bought and sold shares of the business. DAVENPORT & Co LLC boosted its stake in ConocoPhillips by 2.3% during the 4th quarter. DAVENPORT & Co LLC now owns 49,154 shares of the energy producer’s stock valued at $5,705,000 after purchasing an additional 1,115 shares during the last quarter. Ballentine Partners LLC lifted its holdings in shares of ConocoPhillips by 9.4% in the fourth quarter. Ballentine Partners LLC now owns 13,288 shares of the energy producer’s stock valued at $1,542,000 after purchasing an additional 1,143 shares in the last quarter. Breakwater Capital Group boosted its position in shares of ConocoPhillips by 12.2% during the fourth quarter. Breakwater Capital Group now owns 3,942 shares of the energy producer’s stock valued at $426,000 after buying an additional 430 shares during the last quarter. Fishman Jay A Ltd. MI grew its holdings in ConocoPhillips by 30.9% during the fourth quarter. Fishman Jay A Ltd. MI now owns 8,475 shares of the energy producer’s stock worth $984,000 after buying an additional 2,000 shares in the last quarter. Finally, Avitas Wealth Management LLC raised its position in ConocoPhillips by 1.2% in the 4th quarter. Avitas Wealth Management LLC now owns 13,869 shares of the energy producer’s stock valued at $1,610,000 after buying an additional 162 shares during the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Company Profile

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.