As of Friday close, ConocoPhillips’s (NYSE:COP) stock was up $0.09, moving up 0.08 percent to $119.16. The average number of shares traded per day over the past five days has been 4,139,060 shares. 2 times new highs have been achieved over the past 5 days, with a -$4.41 fall in that time frame. In the last twenty days, the average volume was 4,609,595, while in the previous 50 days, it was 4,437,492.
Since last month, COP stock rose 2.89%. Shares of the company fell to $113.86 on 08/23/23, the lowest level in the past month. A 52-week high of $135.97 was reached on 01/27/23 after having rallying from a 52-week low of $90.43. Since the beginning of this year, COP’s stock price has risen by 2.22% or $1.16, and marked a new high 9 times. However, the stock has declined by -12.36% since its 52-week high.
COP stock investors should be aware that ConocoPhillips (COP) stock had its last reported insider trading activity 8 days ago on Sep 15. Mulligan Sharmila, the Director of the company, disposed of 1,849 shares for $125.19 on Sep 15. It resulted in a $231,476 divestment by the insider. Lance Ryan Michael sold 569,400 shares at an average price of $122.14 on Sep 01. The insider now owns 18,187 shares following the transaction. On May 08, Director DEVINE CAROLINE MAURY sold 1,000 shares at $102.08 apiece. The transaction was valued at $102,080.
Valuation Metrics
Right now, ConocoPhillips (COP) has a P/E ratio of about 11.46. The stock’s beta is 1.30. Besides these, the trailing price-to-sales (P/S) ratio of 2.15, the price-to-book (PB) ratio of 3.03, and the price-to-cash flow ratio of 10.46 may also be considered.
The latest dividend of $0.51 per share was paid out, remained unchanged from last year’s $0.51. On Thursday November 3 2022, a $0.05 dividend increase was announced.
Financial Health
In the three months ended June 29, ConocoPhillips’s quick ratio stood at 1.30, while its current ratio was 1.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.33, and the total debt-to-equity ratio was 0.35. On the profitability front, the trailing twelve-month gross margin is 45.90% percent. In the year ended June 29, EBITDA margin amounted to 42.61%, whereas operating margins totaled 28.80%. Based on annual data, COP earned $29.18 billion in gross profit and brought in $82.16 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 26.10%. Return on equity (ROE) for the past 12 months was 26.80%.
In ConocoPhillips’s quarter-end financial report for June 29, it reported total debt of $15.56 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. COP’s revenue fell -71.33% to $14.81 billion during the quarter, while net income inched up to $12.35 billion. While analysts expected ConocoPhillips to report $1.95 quarterly earnings, the actual figure was $1.84 per share, beating the consensus estimate by -5.60%. During the quarter, the company generated $5.67 billion in EBITDA. The liabilities of ConocoPhillips were 42.07 billion at the end of its most recent quarter ended June 29, and its total debt was $16.44 billion. The value of shareholders’ equity is $1.2 billion.
Technical Picture
This quick technical analysis looks at ConocoPhillips’s (COP) price momentum. With a historical volatility rate of 21.19%, the RSI 9-day stood at 41.23% on 22 September.
With respect to its five-day moving average, the current ConocoPhillips price is down by -3.57% percent or -$4.41. At present, COP shares trade +3.80% above its 20-day simple moving average and +16.22% percent above its 100-day simple moving average. However, the stock is currently trading approximately +7.79% above its SMA50 and -0.18% below its SMA200.
Stochastic coefficient K was 16.25% and Stochastic coefficient D was 38.11%, while ATR was 2.66. Given the Stochastic reading of 5.63% for the 14-day period, the RSI (14) reading has been calculated as 47.85%. As of today, the MACD Oscillator reading stands at -2.48, while the 14-day reading stands at -2.43.
Analyst Ratings
Wolfe Research upgraded its rating on ConocoPhillips (NYSE: COP) to an Outperform in a note to investors on July 07, 2023. The analysts firm previously had a Peer perform rating on the stock.ConocoPhillips (COP) has been rated Buy by analysts. According to 0 brokerage firms, COP is a sell, and 4 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate ConocoPhillips stock as buy, with 20 recommending it as overweight.
With a median target price of $137.00, the current consensus forecast for the stock is $107.00 – $160.00. Based on these forecasts, analysts predict ConocoPhillips (COP) will achieve an average price target of $134.52.
