The shares of ConocoPhillips (NYSE:COP) has been pegged with a rating of Overweight by Piper Jaffray in its latest research note that was published on March 21st, 2019. The research company has also assigned a $75 price target. Piper Jaffray wasn’t the only research firm that published a report of ConocoPhillips, with other equities research analysts also giving their opinion on the stock. Goldman advised investors in its research note published on February 4th, 2019, to Buy the COP stock while also putting a $82 price target. The stock had earned Neutral rating from BofA/Merrill when it published its report on January 4th, 2019. The stock was given Buy rating by Tudor Pickering in its report released on December 14th, 2018. BofA/Merrill was of a view that COP is Buy in its latest report on October 29th, 2018. Goldman thinks that COP is worth Neutral rating. This was contained in the firm’s report on October 2nd, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 8 believe it has the potential for further growth, thus rating it as Hold while 6 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $78.17. The price of the stock the last time has raised by 17.27% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 47.90.
The shares of the company added by 0.65% during the trading session on Monday, reaching a low of $66.19 while ending the day at $66.55. During the trading session, a total of 5.56 million shares were traded which represents a 15.06% incline from the average session volume which is 6.55M shares. COP had ended its last session trading at 66.12. ConocoPhillips currently has a market cap of $76.60B, while its P/E ratio stands at 12.50, while its P/E earnings growth sits at 2.10, with a beta of 1.08. ConocoPhillips debt-to-equity ratio currently stands at 0.47, while its quick ratio hovers at 1.70. COP 52-week low price stands at $56.75 while its 52-week high price is $80.24.
The company in its last quarterly report recorded $1.13 earnings per share which is above the $1.01 predicted by most analysts. The ConocoPhillips generated $10,361.00 million in revenue during the last quarter, which is slightly lower than the $9,997.95 million predicted by analysts. In the second quarter last year, the firm recorded $1.36 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -20.35%. ConocoPhillips has the potential to record 5.33 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Citigroup published a research note on April 3rd, 2019 where it informed investors and clients that Ascena Retail Group, Inc. (NASDAQ:ASNA) is now rated as Neutral. Goldman also rated ASNA as Upgrade on February 4th, 2019, with its price target of $18 suggesting that ASNA could surge by 36.07% from its current share price. Even though the stock has been trading at $1.20/share, analysts expect it to surge higher by -2.50% to reach $1.83/share. It started the day trading at $1.21 and traded between $1.13 and $1.17 throughout the trading session.
A look at its technical shows that ASNA’s 50-day SMA is 1.86 while its 200-day SMA stands at 3.28. At the moment, only of Ascena Retail Group, Inc. shares were sold short. The company’s average trading volume currently stands at 3.41M shares, which means that the short-interest ratio is just 14.56 days. Over the past seven days, the company moved, with its shift of 19.34%. Looking further, the stock has dropped -62.38% over the past 90 days while it lost -72.08% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. BlackRock Fund Advisors bought more ASNA shares, increasing its portfolio by +2.84% during the last quarter. This move now sees BlackRock Fund Advisors purchasing 670,344 shares in the last quarter, thus it now holds 24,240,102 shares of ASNA, with a total valuation of $53,813,026. The Vanguard Group Inc followed the path by increasing its ASNA portfolio by +3.88% in the quarter. This means that The Vanguard Group Inc bought 637,872 shares in the last quarter and now controls 17,083,019 shares of the ASNA stock, with the valuation hitting $37,924,302.
Similarly, Dimensional Fund Advisors LP decreased its Ascena Retail Group, Inc. shares by -0.42% during the recently filed quarter. After selling -69,015 shares in the last quarter, the firm now controls 16,422,451 shares of Ascena Retail Group, Inc. which are valued at $36,457,841. In the same vein, PRIMECAP Management Co decreased its Ascena Retail Group, Inc. shares by during the most recent reported quarter. The firm sold 0 shares during the quarter which decreased its stakes to 9,163,000 shares and is now valued at $20,341,860. Following these latest developments, around 6.50% of Ascena Retail Group, Inc. stocks are owned by institutional investors and hedge funds.