Market Update: ConocoPhillips (NYSE:COP) – Technical Briefing on Independent Oil & Gas Stocks — ConocoPhillips, Anadarko Petroleum, CONSOL Energy, and WPX Energy

[Accesswire] – NEW YORK, NY / ACCESSWIRE / January 28, 2016 / Park Lane Advisor has initiated coverage on the following equities: ConocoPhillips (NYSE: COP), Anadarko Petroleum Corporation (NYSE: APC), CONSOL Energy … Read more on this. ConocoPhillips (COP) , with a current market cap of $46.97B, started trading this morning at $37.92. A quick look at the market, the company’s stock traded between $37.30 and $39.41 and has traded between $32.71 and $70.11 over the past 12 months. Priced at -31.49x this year’s forecasted earnings, COP shares are relatively inexpensive compared to the industry ’s 10.59x forward p/e ratio. The company pays shareholders $2.96 per share annually in dividends, yielding 8.65%. In a review of the consensus earnings estimate this quarter, 22 sell-side analysts are looking at $-0.64 per share, which would be $0.60 better than the year-ago quarter and a $0.00 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $-1.15, which would be a $6.45 worse when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $9.06 Billion. If reported, that would be a 23.54% decrease over the year-ago quarter. More recently, Bernstein Initiated COP at Outperform (Aug 7, 2015). Previously, Oppenheimer downgraded COP from Outperform to Perform. The average price target for COP shares is $52.48, which is 38.40% above where the stock opened this morning. See more in (NYSE:COP) Similar Articles: Company Update (NYSE:MRO): Independent Oil & Gas Stocks Technical Insight — Marathon Oil, Chesapeake Energy, Oasis Petroleum, and Southwestern Energy Market Update: ConocoPhillips (NYSE:COP) – ConocoPhillips to Present at Bank of America Merrill Lynch 2015 Global Energy Conference Market Update: Anadarko Petroleum Corporation (NYSE:APC) – Anadarko to Participate in Upcoming Energy Conference