ConocoPhillips (NYSE:COP) finished Thursday with a subtraction of -$1.01 to close at $114.80, a downside of -0.87 percent. An average of 3,482,060 shares of common stock have been traded in the last five days. There was a fall of -$1.93 in the past week, and it reached a new high 13 times over the past 12 months. The last 20 days have seen an average of 4,157,965 shares traded, while the 50-day average volume stands at 4,907,064.
COP stock has decreased by -1.74% in the last month. The company shares reached their 1-month lowest point of $111.30 on 08/08/23. With the stock rallying to its 52-week high on 01/27/23, shares of the company touched a low of $90.43 and a high of $135.97 in 52 weeks. It has reached a new high 9 times so far this year and lost -1.52% or -$3.20 in price. In spite of this, the price is down -15.57% from the 52-week high.
Insider Transactions
COP stock investors should be aware that ConocoPhillips (COP) stock had its last reported insider trading activity 109 days ago on May 08. In this transaction, the insider spent $102,080. Director, LEACH TIMOTHY A, disposed of 4,860 shares at a price of $112.58 on Dec 15. The insider now owns more than $547,140 worth of shares. Prior to that, Executive Vice President Olds Nicholas G went on to Sale 10,950 shares at $134.90 each on Nov 08. An amount of $1,477,183 was transacted.
Valuation Metrics
ConocoPhillips (COP) has a trailing price-to-earnings (P/E) ratio of 11.04. The stock’s beta is 1.31. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.05, the price-to-book (PB) ratio at 2.92, and the price-to-cash flow ratio at 9.96.
Financial Health
The quick ratio of ConocoPhillips for the three months ended June 29 was 1.30, and the current ratio was 1.40, 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 June 29. ConocoPhillips’s EBITDA margin for the year ending June 29 is 42.61%, while its operating margin for the same period stands at 28.80%. Its gross profit as reported stood at $29.18 billion compared to revenue of $82.16 billion.
Earnings Surprise
For the three-month period that ended June 29, ConocoPhillips had $15.56 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 $2.23 billion in the quarter, while revenues of $2.92 billion were shrunk -130.51%. The analyst consensus anticipated ConocoPhillips’s latest quarter earnings to come in at $1.95 per share, but it turned out to be $1.84, a -5.60% surprise. For the quarter, EBITDA amounted to $5.67 billion. Shareholders own equity worth $1.2 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 24 August was 45.26%, suggesting the stock is Neutral, with historical volatility in this time frame at 15.26%.
As of today, COP’s price is $116.25 -1.65% or -$1.93 from its 5-day moving average. COP is currently trading -0.85% lower than its 20-day SMA and +15.71% higher than its 100-day SMA. However, the stock’s current price level is +11.01% above the SMA50 and -13.24% below the SMA200.
The stochastic %K and %D were 54.89% and 64.15%, respectively, and the average true range (ATR) was 2.40. With the 14-day stochastic at 44.81% and the average true range at 2.45, the RSI (14) stands at 51.56%. The stock has reached -0.62 on the 9-day MACD Oscillator while the 14-day reading was at -0.55.
Analyst Ratings
Wolfe Research upgraded ConocoPhillips (NYSE: COP) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Peer perform. The consensus rating for ConocoPhillips (COP) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell COP, while 6 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 20 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 $107.00 and $153.00, with a median target of $134.50. Taking a look at these predictions, the average price target given by analysts for ConocoPhillips (COP) stock is $132.83.
