Analysts Have Mixed Ratings On ConocoPhillips (COP), Digital Turbine, Inc. (APPS)

The shares of ConocoPhillips (NYSE:COP) has been pegged with a rating of Buy by BofA/Merrill in its latest research note that was published on July 17th, 2019. The research company has also assigned a $75 price target. BofA/Merrill wasn’t the only research firm that published a report of ConocoPhillips, with other equities research analysts also giving their opinion on the stock. Mizuho advised investors in its research note published on June 26th, 2019, to Buy the COP stock while also putting a $80 price target. The stock had earned Outperform rating from Credit Suisse when it published its report on May 1st, 2019. That day the Credit Suisse set price target on the stock to $75. The stock was given Overweight rating by Piper Jaffray in its report released on March 21st, 2019, the day when the price target on the stock was placed at $75. Goldman was of a view that COP is Buy in its latest report on February 4th, 2019 while giving it a price target of $82. BofA/Merrill thinks that COP is worth Neutral rating. This was contained in the firm’s report on January 4th, 2019.

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 5 believe it has the potential for further growth, thus rating it as Hold while 7 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $77.44. The price of the stock the last time has raised by 3.00% 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 35.28.

The shares of the company added by 1.41% during the trading session on Tuesday, reaching a low of $52.44 while ending the day at $53.87. During the trading session, a total of 6.54 million shares were traded which represents a -6.55% decline from the average session volume which is 6.14M shares. COP had ended its last session trading at 53.12. ConocoPhillips currently has a market cap of $60.98B, while its P/E ratio stands at 8.71, while its P/E earnings growth sits at 1.66, with a beta of 1.01. ConocoPhillips debt-to-equity ratio currently stands at 0.45, while its quick ratio hovers at 1.60. COP 52-week low price stands at $52.30 while its 52-week high price is $80.24.

The company in its last quarterly report recorded $1.00 earnings per share which is above the $0.90 predicted by most analysts. The ConocoPhillips generated $10,057.00 million in revenue during the last quarter, which is slightly lower than the $9,039.43 million predicted by analysts. In the second quarter last year, the firm recorded $1.13 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -13%. ConocoPhillips has the potential to record 6.18 EPS for the current fiscal year, according to equities analysts.

Investment analysts at Canaccord Genuity published a research note on June 27th, 2019 where it informed investors and clients that Digital Turbine, Inc. (NASDAQ:APPS) is now rated as Buy. Mizuho also rated APPS as Upgrade on June 26th, 2019, with its price target of $80 suggesting that APPS could down by -0.88% from its current share price. Even though the stock has been trading at $6.57/share, analysts expect it to surge higher by 4.87% to reach $6.83/share. It started the day trading at $6.98 and traded between $6.68 and $6.89 throughout the trading session.

A look at its technical shows that APPS’s 50-day SMA is 5.14 while its 200-day SMA stands at 3.33. At the moment, only of Digital Turbine, Inc. shares were sold short. The company’s average trading volume currently stands at 1.75M shares, which means that the short-interest ratio is just 4.05 days. Over the past seven days, the company moved, with its shift of 24.59%. Looking further, the stock has raised 78.04% over the past 90 days while it gained 135.96% over the last six months.

Columbus Capital Management LLC meanwhile sold more APPS shares in the recently filed quarter, changing its stake to $29,565,563 worth of shares. The Vanguard Group Inc followed the path by decreasing its APPS portfolio by -8.34% in the quarter. This means that The Vanguard Group Inc sold -237,242 shares in the last quarter and now controls 2,608,395 shares of the APPS stock, with the valuation hitting $14,163,585.

Similarly, Granahan Investment Management I increased its Digital Turbine, Inc. shares by +33.57% during the recently filed quarter. After buying 376,239 shares in the last quarter, the firm now controls 1,496,948 shares of Digital Turbine, Inc. which are valued at $8,128,428. In the same vein, USAA Asset Management Co increased its Digital Turbine, Inc. shares by during the most recent reported quarter. The firm bought 218,232 shares during the quarter which increased its stakes to 1,320,277 shares and is now valued at $7,169,104. Following these latest developments, around 0.90% of Digital Turbine, Inc. stocks are owned by institutional investors and hedge funds.