ConocoPhillips (COP) Research Recommendations: Here’s What You Should Know

The stock of ConocoPhillips (NYSE:COP) increased by $0.8 on Monday to finish at $76.52, up 1.06 percent. The last five days have seen an average of 6,514,520 shares of common stock traded. 37 times new highs were reached in the current year, with a gain of $36.53. The average number of shares traded over the last 20 days was 9,817,950, while the average volume over the last 50 days totaled 9,116,198.

COP stock appreciated 17.69% since last month. On 09/27/21, the company’s shares reached a one-month low of $65.80. The stock touched a high of $76.10 on 10/25/21, after rallying from a low of $27.53 in 52 weeks. The price of COP stock has risen by 91.35% or $36.53 this year, reaching a new high 37 times. Still, the stock price is up 0.55% from the 52-week high.


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Insider Transactions

There have been 78 days since ConocoPhillips (COP) last reported insider trading activity on Aug 09. On Aug 09, Director WALKER R A acquired 4,500 shares at $55.50 each. This transaction resulted in the insider spending $249,750. On Aug 09, WALKER R A added 18,000 shares at a price of US$55.50. After the transaction, the insider now owns 18,000 shares. Director Freeman Jody had earlier sold 3,334 shares on Jun 28 for $59.65 a share. The transaction was completed for $198,873.

Valuation Metrics

ConocoPhillips (COP) has a trailing price-to-earnings (P/E) ratio of 65.85. This level actually compares unfavorably with the industry at large, as the PE for the Oil & Gas E&P industry stands at about 25.56. Further, its PE also compares unfavorably with the Energy sector’s trailing 12 months PE ratio, which comes in at 20.12 right now. The PE ratio of ConocoPhillips has varied between 65.97 and 3.548 in the last five years. Beta for the stock is 1.63. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.45, the price-to-book (PB) ratio of 2.33, and the price-to-cash flow ratio of 47.46.

ConocoPhillips’s dividend is $1.72 per share per year. With a dividend yield of 2.25%, COP has a payout ratio of 146.30%. Company paid $0.46 per share in dividends, an increase of 6.98% from $0.43 last year. A $0.03 dividend increase was reported on Monday September 20 2021, making it the 5 consecutive year the dividend has increased. Over the last three years, dividends have increased by 59.43%.

For the three months ended June 29, ConocoPhillips’s quick ratio was 2.00, while its current ratio was 2.10, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.42, and the total debt to equity ratio is 0.45. As far as profitability goes, gross margin for the trailing twelve months is 43.30% percent. ConocoPhillips’s EBITDA margin for the year ended June 29 was 25.44%, whereas its operating margin stood at 9.30% for the same period. Based on annual data, it had gross profit of -$2.15 billion and revenue of $19.26 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. COP’s return on assets (ROA) during the last 12 months has been 2.50%. There was a -3.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 5.00%. ROE has averaged 12.45 in the past year for the broader industry.

Earnings Surprise

According to ConocoPhillips’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $10.21 billion, while revenues rose by 60.67% to $10.56 billion. It was predicted that ConocoPhillips’s quarterly earnings would be $1.27, but it ended up being $1.1, beating the consensus by 15.50%. EBITDA was $5.3 billion for the quarter. At the end of ConocoPhillips’s most recent quarter ended June 29, its liabilities totaled 41.13 billion, while its total debt was $20.01 billion. Equity owned by shareholders amounts to $1.34 billion.

Technical Picture

Here’s a quick look at ConocoPhillips’s (COP) price momentum from a technical perspective. As of 25 October, the RSI 9-day stood at 75.15%, suggesting the stock is Overbought, with a 14.74% historical volatility rate.

The stochastic %K and %D were 84.09% and 87.76% respectively, while the average true range (ATR) was 1.85. Based on the 14-day stochastic reading of 82.21%, the RSI (14) reading is 75.20%. On the 9-day MACD Oscillator, the stock is at 0.73, and the 14-day reading is at 1.36.

Analyst Ratings

ConocoPhillips (NYSE: COP) was downgraded by Goldman to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned ConocoPhillips (COP) an Buy rating. COP is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 4 rates it overweight and 22 others recommend it as a buy.

What is COP’s price target for the next 12 months?

The current consensus forecast for the stock is between $64.00 and $100.00, with a median target price of $85.00. In analyzing these forecasts, the average price target given by analysts for ConocoPhillips (COP) is $84.85.

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