Stock on Demand This Week: ConocoPhillips (COP)

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ConocoPhillips (NYSE:COP) saw a downside of -1.10% to close Tuesday at $118.81 after subtracting -$1.32 on the day. The 5-day average trading volume is 4,693,860 shares of the company’s common stock. It has gained $123.71 in the past week and touched a new high 1 time within the past 5 days. An average of 4,593,885 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,758,118.

COP’s 1-month performance is 2.81% or $1.76 on its low of $110.46 reached on 01/04/23. The company’s shares have touched a 52-week low of $76.36 and high of $137.63, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, COP has achieved 0.69% or $0.81 and has reached a new high 7 times. However, the current price is down -13.68% from the 52-week high price.

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Insider Transactions

COP stock investors last saw insider trading activity on Dec 15.LEACH TIMOTHY A (Director) most recently sold 4,860 shares at $112.58 per share on Dec 15. This transaction cost the insider $547,140. Executive Vice President, Olds Nicholas G, sold 10,950 shares at a price of $134.90 on Nov 08. Then, on Nov 07, SVP & General Counsel Rose Kelly Brunetti sold 2,374 shares at a price of $135.63 per share. This transaction amounted to $321,986.

Valuation Metrics

COP stock has a beta of 1.31. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.94 while the price-to-book (PB) in the most recent quarter is 3.06, with the price to cash flow ratio at 10.06.

ConocoPhillips’s quick ratio for the period ended September 29 was 1.40, with the current ratio over the same period at 1.50. As well, the company’s long term debt to equity for the quarter ending September 29 was 0.33, while the total debt to equity was 0.35.. In terms of profitability, the gross margin trailing 12 months is 48.90%. The firm’s gross profit as reported stood at $13.82 billion against revenue of $48.35 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 47.45% to $4.53 billion, while revenue of $5.14 billion was -13.65% off the previous quarter. Analysts expected COP to announce $3.46 per share in earnings in its latest quarter, but it posted $3.6, representing a 4.00% surprise. EBITDA for the quarter stood at more than $9.54 billion. COP stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 45.76 billion, with total debt at $16.96 billion. Shareholders hold equity totaling $1.25 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 24 January was 50.52% to suggest the stock is trending Neutral, with historical volatility in this time period at 19.76%.

The stock’s 5-day moving average is $119.79, reflecting a -1.19% or -$1.43 change from its current price. COP is currently trading +5.23% above its 20-day SMA, +7.52% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -5.15% and SMA200 by+21.81%.

Stochastic %K and %D was 73.86% and 73.93% and the average true range (ATR) pointed at 3.51. The RSI (14) points at 50.85%, while the 14-day stochastic is at 63.02% with the period’s ATR at 3.61. The stock’s 9-day MACD Oscillator is pointing at 0.35 and 1.47 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for ConocoPhillips (NYSE: COP), Scotiabank downgraded it to a Sector perform rating. They previously had a Sector outperform rating on the stock. Analysts offering their rating for COP stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate COP as a “sell,”, while 5 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 3 rates the stock as overweight while 20 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 $101.00 and a high of $160.00, with their median price target at $140.00. Looking at these predictions, the average price target given by analysts is for ConocoPhillips (COP) stock is $139.28.

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