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 18.01% 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 50.85.
The shares of the company added by 1.93% during the trading session on Wednesday, reaching a low of $66.03 while ending the day at $66.97. During the trading session, a total of 6.55 million shares were traded which represents a -0.84% decline from the average session volume which is 6.50M shares. COP had ended its last session trading at 65.70. ConocoPhillips currently has a market cap of $77.08B, while its P/E ratio stands at 12.57, while its P/E earnings growth sits at 2.11, 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 Evercore ISI published a research note on February 28th, 2019 where it informed investors and clients that D.R. Horton, Inc. (NYSE:DHI) is now rated as In-line. Goldman also rated DHI as Upgrade on February 4th, 2019, with its price target of $18 suggesting that DHI could surge by 1.41% from its current share price. Even though the stock has been trading at $43.40/share, analysts expect it to surge higher by 1.22% to reach $44.56/share. It started the day trading at $44.00 and traded between $43.52 and $43.93 throughout the trading session.
A look at its technical shows that DHI’s 50-day SMA is 40.39 while its 200-day SMA stands at 39.79. The stock has a high of $46.91 for the year while the low is $32.39. The company’s P/E ratio currently sits at 10.79, while the P/B ratio is 1.81. At the moment, only of D.R. Horton, Inc. shares were sold short. The company’s average trading volume currently stands at 6.32M shares, which means that the short-interest ratio is just 2.09 days. Over the past seven days, the company moved, with its shift of 4.87%. Looking further, the stock has raised 10.99% over the past 90 days while it gained 8.07% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more DHI shares, increasing its portfolio by +1.89% during the last quarter. This move now sees The Vanguard Group Inc purchasing 685,735 shares in the last quarter, thus it now holds 36,981,507 shares of DHI, with a total valuation of $1,530,294,760. BlackRock Fund Advisors meanwhile bought more DHI shares in the recently filed quarter, changing its stake to $811,059,917 worth of shares. Sanders Capital LLC followed the path by increasing its DHI portfolio by +32.09% in the quarter. This means that Sanders Capital LLC bought 4,517,147 shares in the last quarter and now controls 18,594,037 shares of the DHI stock, with the valuation hitting $769,421,251.
Similarly, SSgA Funds Management Inc decreased its D.R. Horton, Inc. shares by -2.38% during the recently filed quarter. After selling -367,397 shares in the last quarter, the firm now controls 15,085,957 shares of D.R. Horton, Inc. which are valued at $624,256,901. In the same vein, Long Pond Capital LP decreased its D.R. Horton, Inc. shares by during the most recent reported quarter. The firm sold -372,572 shares during the quarter which decreased its stakes to 12,930,658 shares and is now valued at $535,070,628. Following these latest developments, around 6.50% of D.R. Horton, Inc. stocks are owned by institutional investors and hedge funds.