ConocoPhillips (NYSE:COP) saw an upside of 4.77% to close Friday at $74.92 after adding $3.41 on the day. The 5-day average trading volume is 11,627,620 shares of the company’s common stock. It has gained $75.10 in the past week. An average of 11,942,475 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 8,982,716.
COP’s 1-month performance is 34.80% or $19.64 on its low of $54.83 reached on 09/09/21. The company’s shares have touched a 52-week low of $27.53 and high of $72.86, with the stock’s rally to the 52-week high happening on 10/08/21. YTD, COP has achieved 87.35% or $34.93. However, the current price is up 2.83%% from the 52-week high price.
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On Jun 28, 105 days have gone by since the last insider trading activity for ConocoPhillips (COP). Freeman Jody (Director) most recently sold 3,334 shares at $59.65 per share on Jun 28. This transaction cost the insider $198,873. Chief Accounting Officer, HAYNES WELSH KONTESSA S, sold 5,645 shares at a price of $59.00 on Jun 02. Then, on Mar 02, Senior Vice President Macklon Dominic E. sold 11,134 shares at a price of $53.13 per share. This transaction amounted to $591,605.
The company’s PE ratio for the last five years has touched a high of 64.59 and a low of 3.548. COP stock has a beta of 1.63. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.27 while the price-to-book (PB) in the most recent quarter is 2.28, with the price to cash flow ratio at 45.02.
ConocoPhillips pays an annual dividend of $1.72 per share. Its dividend yield is 2.30% and the payout ratio is 146.30%. COP paid $0.46 a share compared with prior rate of $0.43, up 6.52% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.03 reported on Monday September 20 2021. Measured over the last 3 years, the Dividend has been growing by 59.43% yearly.
It is projected that ConocoPhillips’s next ex-dividend date will be on 27-Oct-2021. COP is expected to distribute $0.46 as its next dividend.
ConocoPhillips’s quick ratio for the period ended June 29 was 2.00, with the current ratio over the same period at 2.10 meaning that COP stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.42, while the total debt to equity was 0.45. In terms of profitability, the gross margin trailing 12 months is 43.30%. The trailing 12-month EBITDA margin is 25.44% while for the period ending June 29; ConocoPhillips’s operating margin was 9.30%. The firm’s gross profit as reported stood at -$2.15 billion against revenue of $19.26 billion.
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 60.67% to $10.21 billion, while revenue of $10.56 billion was -3.41% off the previous quarter. Analysts expected COP to announce $1.1 per share in earnings in its latest quarter, but it posted $1.27, representing a 15.50% surprise. EBITDA for the quarter stood at more than $5.3 billion. COP stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 41.13 billion, with total debt at $20.01 billion. Shareholders hold equity totaling $1.34 billion
Let’s look briefly at ConocoPhillips (COP) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 89.05% to suggest the stock is trending Overbought, with historical volatility in this time period at 24.39%.
The stock’s 5-day moving average is $72.29, reflecting a +6.88% or $4.82 change from its current price. COP is currently trading +34.43% above its 20-day SMA, +30.77% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +31.25% and +91.95% respectively.
Stochastic %K and %D was 94.82% and 93.68% and the average true range (ATR) pointed at 2.18. The RSI (14) points at 83.66%, while the 14-day stochastic is at 98.96% with the period’s ATR at 2.05. The stock’s 9-day MACD Oscillator is pointing at 2.17 and 4.73 on the 14-day charts.
In the most recent analyst report for ConocoPhillips (NYSE: COP), Raymond James upgraded it to a Strong buy rating. They previously had an Outperform rating on the stock. Analysts offering their rating for COP stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate COP as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 4 rates the stock as overweight while 23 have offered a “buy” rating.
What is COP’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $64.00 and a high of $100.00, with their median price target at $78.00. Looking at these predictions, the average price target given by analysts is for ConocoPhillips (COP) stock is $79.23.