The price-to-earnings ratio for Conoco Phillips (NYSE: COP) is above average at 14.60x. The 36-month beta value for COP is also noteworthy at 1.26. There are mixed opinions on the stock, with 9 analysts rating it as a “buy,” 6 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
The public float for COP is 1.18B, and at present, short sellers hold a 1.16% of that float. The average trading volume of COP on April 09, 2024 was 5.68M shares.
COP) stock’s latest price update
The stock price of Conoco Phillips (NYSE: COP) has plunged by -0.82 when compared to previous closing price of 133.52, but the company has seen a 2.91% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-08 that Energy was the top performing sector in March and the run is far from over. From an allocation perspective, energy stocks are under-owned and could gain further ground as flows to the sector increase.
COP’s Market Performance
Conoco Phillips (COP) has seen a 2.91% rise in stock performance for the week, with a 17.46% gain in the past month and a 13.84% surge in the past quarter. The volatility ratio for the week is 1.46%, and the volatility levels for the past 30 days are at 1.54% for COP. The simple moving average for the past 20 days is 7.05% for COP’s stock, with a 14.95% simple moving average for the past 200 days.
Analysts’ Opinion of COP
Johnson Rice, on the other hand, stated in their research note that they expect to see COP reach a price target of $135. The rating they have provided for COP stocks is “Accumulate” according to the report published on November 14th, 2023.
Wolfe Research gave a rating of “Outperform” to COP, setting the target price at $120 in the report published on July 07th of the previous year.
COP Trading at 13.71% from the 50-Day Moving Average
After a stumble in the market that brought COP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.06% of loss for the given period.
Volatility was left at 1.54%, however, over the last 30 days, the volatility rate increased by 1.46%, as shares surge +17.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.18% upper at present.
During the last 5 trading sessions, COP rose by +2.91%, which changed the moving average for the period of 200-days by +27.70% in comparison to the 20-day moving average, which settled at $124.67. In addition, Conoco Phillips saw 14.29% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at COP starting from Lance Ryan Michael, who sale 607,000 shares at the price of $125.91 back on Mar 25 ’24. After this action, Lance Ryan Michael now owns 6,780 shares of Conoco Phillips, valued at $76,426,824 using the latest closing price.
Olds Nicholas G, the Executive Vice President of Conoco Phillips, sale 12,150 shares at $126.44 during a trade that took place back on Mar 25 ’24, which means that Olds Nicholas G is holding 14,522 shares at $1,536,280 based on the most recent closing price.
Stock Fundamentals for COP
Current profitability levels for the company are sitting at:
- 0.4 for the present operating margin
- 0.32 for the gross margin
The net margin for Conoco Phillips stands at 0.2. The total capital return value is set at 0.26. Equity return is now at value 22.47, with 11.52 for asset returns.
Based on Conoco Phillips (COP), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 1.09. The debt to equity ratio resting at 0.37. The interest coverage ratio of the stock is 20.29.
Currently, EBITDA for the company is 23.46 billion with net debt to EBITDA at 0.56. When we switch over and look at the enterprise to sales, we see a ratio of 3.03. The receivables turnover for the company is 10.24for trailing twelve months and the total asset turnover is 0.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.43.
Conclusion
In summary, Conoco Phillips (COP) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
