Conoco Phillips (NYSE: COP) has a higher price-to-earnings ratio of 14.26x compared to its average ratio. COP has 36-month beta value of 1.23. Analysts have mixed views on the stock, with 9 analysts rating it as a “buy,” 6 as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for COP is 1.18B, and currently, short sellers hold a 1.10% ratio of that float. The average trading volume of COP on April 23, 2024 was 5.45M shares.
COP) stock’s latest price update
Conoco Phillips (NYSE: COP)’s stock price has decreased by -0.04 compared to its previous closing price of 129.38. However, the company has seen a -0.71% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-22 that ConocoPhillips (COP) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
COP’s Market Performance
Conoco Phillips (COP) has experienced a -0.71% fall in stock performance for the past week, with a 4.71% rise in the past month, and a 19.90% rise in the past quarter. The volatility ratio for the week is 2.04%, and the volatility levels for the past 30 days are at 1.82% for COP. The simple moving average for the last 20 days is -0.23% for COP stock, with a simple moving average of 10.86% for the last 200 days.
Analysts’ Opinion of COP
Many brokerage firms have already submitted their reports for COP stocks, with Barclays repeating the rating for COP by listing it as a “Overweight.” The predicted price for COP in the upcoming period, according to Barclays is $158 based on the research report published on April 10, 2024 of the current year 2024.
Johnson Rice gave a rating of “Accumulate” to COP, setting the target price at $135 in the report published on November 14th of the previous year.
COP Trading at 7.52% 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 -4.33% of loss for the given period.
Volatility was left at 1.82%, however, over the last 30 days, the volatility rate increased by 2.04%, as shares surge +5.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.55% upper at present.
During the last 5 trading sessions, COP fell by -0.71%, which changed the moving average for the period of 200-days by +28.89% in comparison to the 20-day moving average, which settled at $129.94. In addition, Conoco Phillips saw 11.63% 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 2.96. 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
To put it simply, Conoco Phillips (COP) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
