Analysts’ Views On ConocoPhillips (COP)

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ConocoPhillips (NYSE:COP) finished Thursday with an addition of $1.08 to close at $116.39, an upside of 0.94 percent. An average of 4,184,980 shares of common stock have been traded in the last five days. There was a gain of $0.11 in the past week, and it reached a new high 46 times over the past 12 months. The last 20 days have seen an average of 6,045,345 shares traded, while the 50-day average volume stands at 6,603,218.

COP stock has decreased by -5.74% in the last month. The company shares reached their 1-month lowest point of $109.01 on 12/16/22. With the stock rallying to its 52-week high on 11/04/22, shares of the company touched a low of $69.48 and a high of $137.63 in 52 weeks. It has reached a new high 45 times so far this year and achieved 66.36% or $44.21 in price. In spite of this, the price is down -15.43% from the 52-week high.

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Insider Transactions

COP stock investors should be aware that ConocoPhillips (COP) stock had its last reported insider trading activity 15 days ago on Dec 15. In this transaction, the insider spent $547,140. Executive Vice President, Olds Nicholas G, disposed of 10,950 shares at a price of $134.90 on Nov 08. The insider now owns more than $1,477,183 worth of shares. Prior to that, SVP & General Counsel Rose Kelly Brunetti went on to Sale 2,374 shares at $135.63 each on Nov 07. An amount of $321,986 was transacted.

Valuation Metrics

ConocoPhillips (COP) has a trailing price-to-earnings (P/E) ratio of 8.35. The stock’s beta is 1.32. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.86, the price-to-book (PB) ratio at 3.00, and the price-to-cash flow ratio at 9.67.

The company has a payout ratio of 14.90%. The company’s most recent quarterly dividend payment was $0.51 a share, representing a up of 10.87% from $0.46 last year. Its latest increase dividend $0.05 reported on Thursday November 3 2022.

Financial Health

The quick ratio of ConocoPhillips for the three months ended September 29 was 1.40, and the current ratio was 1.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.33 and a total debt to equity ratio of 0.35 for the quarter ending September 29. Its gross profit as reported stood at $13.82 billion compared to revenue of $48.35 billion.

Earnings Surprise

For the three-month period that ended September 29, ConocoPhillips had $16.3 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $4.53 billion in the quarter, while revenues of $5.14 billion were grew 47.45%. The analyst consensus anticipated ConocoPhillips’s latest quarter earnings to come in at $3.46 per share, but it turned out to be $3.6, a 4.00% surprise. For the quarter, EBITDA amounted to $9.54 billion. Shareholders own equity worth $1.25 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at ConocoPhillips (COP) price momentum. RSI 9-day as of the close on 29 December was 51.21%, suggesting the stock is Neutral, with historical volatility in this time frame at 36.41%.

As of today, COP’s price is $116.02 +0.09% or $0.11 from its 5-day moving average. COP is currently trading -5.76% lower than its 20-day SMA and +24.31% higher than its 100-day SMA. However, the stock’s current price level is -1.27% below the SMA50 and +22.45% above the SMA200.

The stochastic %K and %D were 76.75% and 78.44%, respectively, and the average true range (ATR) was 3.73. With the 14-day stochastic at 73.43% and the average true range at 3.89, the RSI (14) stands at 48.28%. The stock has reached 2.29 on the 9-day MACD Oscillator while the 14-day reading was at 3.11.

Analyst Ratings

Societe Generale downgraded ConocoPhillips (NYSE: COP) to a a Sell rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for ConocoPhillips (COP) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell COP, while 3 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 21 others rate it as a “buy”.

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

Analysts predict a range of price targets between $104.00 and $167.00, with a median target of $141.00. Taking a look at these predictions, the average price target given by analysts for ConocoPhillips (COP) stock is $140.84.

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