The stock of ConocoPhillips (NYSE:COP) decreased by -$0.12 on Monday to finish at $117.69, down -0.10 percent. The last five days have seen an average of 4,142,660 shares of common stock traded. 9 times new highs were reached in the current year, with a fall of -$0.31. The average number of shares traded over the last 20 days was 4,571,265, while the average volume over the last 50 days totaled 5,095,032.
COP stock appreciated 9.90% since last month. On 07/17/23, the company’s shares reached a one-month low of $106.14. The stock touched a high of $135.97 on 01/27/23, after rallying from a low of $90.43 in 52 weeks. The price of COP stock has risen by 0.96% or -$0.31 this year, reaching a new high 9 times. Still, the stock price is down -13.44% 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 99 days ago on May 08. On May 08, Director DEVINE CAROLINE MAURY sold 1,000 shares at $102.08 each. This transaction resulted in the insider making $102,080. On Feb 22, WALKER R A added 4,800 shares at a price of US$103.00. After the transaction, the insider now owns 27,600 shares. Director WALKER R A had earlier bought 1,200 shares on Feb 22 for $103.00 a share. The transaction was completed for $123,600.
Valuation Metrics
ConocoPhillips (COP) has a trailing price-to-earnings (P/E) ratio of 11.32. Beta for the stock is 1.31. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.08, the price-to-book (PB) ratio of 2.99, and the price-to-cash flow ratio of 10.09.
Company paid $0.51 per share in dividends, remained unchanged from $0.51 last year.
Financial Health
For the three months ended June 29, ConocoPhillips’s quick ratio was 1.30, while its current ratio was 1.40, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.33, and the total debt to equity ratio is 0.35. As far as profitability goes, gross margin for the trailing twelve months is 45.90% percent. ConocoPhillips’s EBITDA margin for the year ended June 29 was 42.61%, whereas its operating margin stood at 28.80% for the same period. Based on annual data, it had gross profit of $29.18 billion and revenue of $82.16 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 14.00%. There was a 26.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 26.80%.
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 $12.35 billion, while revenues fell by -71.33% to $14.81 billion. It was predicted that ConocoPhillips’s quarterly earnings would be $1.84, but it ended up being $1.95, beating the consensus by -5.60%. EBITDA was $5.67 billion for the quarter. At the end of ConocoPhillips’s most recent quarter ended June 29, its liabilities totaled 42.07 billion, while its total debt was $16.44 billion. Equity owned by shareholders amounts to $1.2 billion.
Technical Picture
Here’s a quick look at ConocoPhillips’s (COP) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 66.60%, suggesting the stock is Neutral, with a 15.84% historical volatility rate.
The stochastic %K and %D were 77.06% and 71.22% respectively, while the average true range (ATR) was 2.56. Based on the 14-day stochastic reading of 84.75%, the RSI (14) reading is 65.39%. On the 9-day MACD Oscillator, the stock is at 1.32, and the 14-day reading is at 0.98.
Analyst Ratings
In its most recent analyst report, Wolfe Research raised its rating on ConocoPhillips (NYSE: COP) to an Outperform. Prior to this, analysts firm rated the stock as a Peer perform. Analysts have assigned ConocoPhillips (COP) an Overweight rating. COP is a stock that is recommended for selling by 0 brokerage firms, while 6 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 20 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 $103.00 and $153.00, with a median target price of $129.00. In analyzing these forecasts, the average price target given by analysts for ConocoPhillips (COP) is $131.16.
