Conoco Phillips (NYSE:COP) finished Friday with a subtraction of -$2.92 to close at $119.80, a downside of -2.38 percent. An average of 4,626,600 shares of common stock have been traded in the last five days. There was a gain of $0.64 in the past week, and it reached a new high 14 times over the past 12 months. The last 20 days have seen an average of 4,916,815 shares traded, while the 50-day average volume stands at 4,393,600.
COP stock has increased by 1.43% in the last month. The company shares reached their 1-month lowest point of $118.01 on 08/30/23. With the stock rallying to its 52-week high on 01/27/23, shares of the company touched a low of $89.98 and a high of $135.29 in 52 weeks. It has reached a new high 9 times so far this year and achieved 3.28% or $1.80 in price. In spite of this, the price is down -11.45% from the 52-week high.
Insider Transactions
COP stock investors should be aware that Conoco Phillips (COP) stock had its last reported insider trading activity 3 days ago on Sep 27. In this transaction, the insider spent $3,813,825. Director, Mulligan Sharmila, disposed of 1,849 shares at a price of $125.19 on Sep 15. The insider now owns more than $231,476 worth of shares. Prior to that, Chairman and CEO Lance Ryan Michael went on to Sale 569,400 shares at $122.14 each on Sep 01. An amount of $69,547,370 was transacted.
Valuation Metrics
Conoco Phillips (COP) has a trailing price-to-earnings (P/E) ratio of 11.52. The stock’s beta is 1.28. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.16, the price-to-book (PB) ratio at 3.02, and the price-to-cash flow ratio at 10.44.
The company has a payout ratio of 34.25%. The company’s most recent quarterly dividend payment was $0.51 a share, without any change from last year. Its latest increase dividend $0.05 reported on Thursday November 3 2022.
Financial Health
The quick ratio of Conoco Phillips for the three months ended June 29 was 1.28, and the current ratio was 1.41, 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. 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, Conoco Phillips 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 Conoco Phillips’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 Conoco Phillips (COP) price momentum. RSI 9-day as of the close on 29 September was 44.56%, suggesting the stock is Neutral, with historical volatility in this time frame at 23.48%.
As of today, COP’s price is $121.36 +0.54% or $0.64 from its 5-day moving average. COP is currently trading +0.65% higher than its 20-day SMA and +18.73% higher than its 100-day SMA. However, the stock’s current price level is +7.26% above the SMA50 and +7.17% above the SMA200.
The stochastic %K and %D were 42.86% and 41.38%, respectively, and the average true range (ATR) was 2.69. With the 14-day stochastic at 14.42% and the average true range at 2.62, the RSI (14) stands at 48.59%. The stock has reached 0.83 on the 9-day MACD Oscillator while the 14-day reading was at -0.08.
Analyst Ratings
Wolfe Research upgraded Conoco Phillips (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 Conoco Phillips (COP) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell COP, while 4 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 $160.00, with a median target of $137.00. Taking a look at these predictions, the average price target given by analysts for Conoco Phillips (COP) stock is $134.74.
