Jefferies Reconfirms a “Buy” Rating on Conocophillips (COP) and $68.0 Target; Southern Company (SO) Shorts Increased By 0.8%

January 19, 2018 - By Vivian Park

Southern Company (NYSE:SO) had an increase of 0.8% in short interest. SO’s SI was 22.43M shares in January as released by FINRA. Its up 0.8% from 22.25 million shares previously. With 3.79M avg volume, 6 days are for Southern Company (NYSE:SO)’s short sellers to cover SO’s short positions. The SI to Southern Company’s float is 2.26%. The stock decreased 1.03% or $0.46 during the last trading session, reaching $44.44. About 6.82M shares traded or 29.35% up from the average. The Southern Company (NYSE:SO) has risen 2.49% since January 19, 2017 and is uptrending. It has underperformed by 14.21% the S&P500.

Among 25 analysts covering ConocoPhillips (NYSE:COP), 17 have Buy rating, 1 Sell and 7 Hold. Therefore 68% are positive. ConocoPhillips has $77 highest and $31 lowest target. $53.18’s average target is -11.00% below currents $59.75 stock price. ConocoPhillips had 83 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Underperform” rating on Thursday, April 21 by Jefferies. Scotia Capital maintained the shares of COP in report on Friday, April 7 with “Buy” rating. The company was downgraded on Thursday, July 6 by Bernstein. Citigroup maintained ConocoPhillips (NYSE:COP) on Friday, April 29 with “Buy” rating. The stock of ConocoPhillips (NYSE:COP) has “Overweight” rating given on Monday, September 12 by JP Morgan. The stock has “Buy” rating by Edward Jones on Monday, November 7. The company was maintained on Friday, July 21 by Citigroup. The firm has “Overweight” rating by Barclays Capital given on Monday, October 12. The stock has “Perform” rating by Oppenheimer on Tuesday, August 4. The company was maintained on Friday, October 27 by Barclays Capital.

Investors sentiment decreased to 1 in Q3 2017. Its down 0.16, from 1.16 in 2017Q2. It turned negative, as 51 investors sold The Southern Company shares while 353 reduced holdings. 76 funds opened positions while 330 raised stakes. 525.28 million shares or 0.91% more from 520.53 million shares in 2017Q2 were reported. Tctc reported 115,056 shares. Vaughan David Investments Il invested 0.02% in The Southern Company (NYSE:SO). Manchester Mgmt Ltd Liability Company reported 2,781 shares. Argent Cap Mngmt Limited Com reported 266,586 shares or 0.51% of all its holdings. Sadoff Invest Mngmt Ltd Limited Liability Company reported 186,903 shares. Scoria Cap Ptnrs Limited Partnership accumulated 19,600 shares. Guggenheim Ltd holds 1.17 million shares or 0.14% of its portfolio. Country Trust Fincl Bank, Illinois-based fund reported 215 shares. Prelude Capital Mgmt Ltd Liability holds 0.01% of its portfolio in The Southern Company (NYSE:SO) for 2,583 shares. Crestpoint Cap owns 38,200 shares for 0.84% of their portfolio. Amalgamated Bankshares owns 114,465 shares or 0.18% of their US portfolio. Reaves W H & Inc accumulated 396,325 shares or 0.71% of the stock. Glenmede Trust Na owns 0.02% invested in The Southern Company (NYSE:SO) for 97,325 shares. Grimes & holds 0.04% of its portfolio in The Southern Company (NYSE:SO) for 7,994 shares. Yhb Invest has invested 0.08% of its portfolio in The Southern Company (NYSE:SO).

Among 19 analysts covering The Southern Company (NYSE:SO), 6 have Buy rating, 6 Sell and 7 Hold. Therefore 32% are positive. The Southern Company had 57 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, January 2 by Guggenheim. On Wednesday, December 6 the stock rating was maintained by SunTrust with “Hold”. The firm earned “Neutral” rating on Monday, September 26 by SunTrust. The stock of The Southern Company (NYSE:SO) earned “Sector Perform” rating by Howard Weil on Friday, May 13. The firm has “Buy” rating by Mizuho given on Tuesday, October 17. The firm earned “Neutral” rating on Thursday, July 14 by Goldman Sachs. Scotia Capital initiated the shares of SO in report on Friday, May 13 with “Sector Perform” rating. The rating was maintained by RBC Capital Markets with “Hold” on Wednesday, June 28. As per Friday, September 29, the company rating was upgraded by RBC Capital Markets. The firm has “Hold” rating by BMO Capital Markets given on Wednesday, August 2.

The Southern Company, together with its subsidiaries, engages in the generation, transmission, and distribution of electricity. The company has market cap of $44.60 billion. The firm also constructs, acquires, owns, and manages power generation assets, including renewable energy projects; sells electricity in the wholesale market; and distributes natural gas in seven states, as well as provides gas marketing services, wholesale gas services, and gas midstream operations. It has a 81.69 P/E ratio. It owns/operates 33 hydroelectric generating stations, 29 fossil fuel generating stations, 3 nuclear generating stations, 14 combined cycle/cogeneration stations, 33 solar facilities, 9 wind facilities, 1 biomass facility, and 1 landfill gas facility.

Since August 3, 2017, it had 0 insider purchases, and 5 insider sales for $11.99 million activity. On Thursday, August 3 the insider WOMACK CHRISTOPHER C sold $3.70M. The insider Daiss Ann P sold $261,400. 85,151 shares were sold by BOWERS WILLIAM P, worth $4.26 million. Kerr – II James Y had sold 25,000 shares worth $1.30M. Shares for $2.46M were sold by BEATTIE ART P.

The stock decreased 0.02% or $0.01 during the last trading session, reaching $59.75. About 4.97M shares traded. ConocoPhillips (NYSE:COP) has risen 9.50% since January 19, 2017 and is uptrending. It has underperformed by 7.20% the S&P500.

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas , and natural gas liquids worldwide. The company has market cap of $71.43 billion. The Company’s portfolio includes North American tight oil and oil sands assets; lower-risk conventional assets in North America, Europe, Asia, and Australia; various LNG developments; and an inventory of conventional and unconventional exploration prospects. It currently has negative earnings.

Analysts await ConocoPhillips (NYSE:COP) to report earnings on February, 1. They expect $0.40 earnings per share, up 253.85% or $0.66 from last year’s $-0.26 per share. COP’s profit will be $478.21 million for 37.34 P/E if the $0.40 EPS becomes a reality. After $0.16 actual earnings per share reported by ConocoPhillips for the previous quarter, Wall Street now forecasts 150.00% EPS growth.

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