Conoco Phillips (NYSE: COP) has a higher price-to-earnings ratio of 11.76x compared to its average ratio, The 36-month beta value for COP is at 1.21. Analysts have varying views on the stock, with 9 analysts rating it as a “buy,” 6 rating it as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for COP is 1.16B, and currently, shorts hold a 1.83% of that float. The average trading volume for COP on October 21, 2024 was 6.68M shares.
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COP) stock’s latest price update
Conoco Phillips (NYSE: COP) has seen a decline in its stock price by -0.45 in relation to its previous close of 106.15. However, the company has experienced a -4.36% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-19 that The June/July 2024 edition of Fortune revealed the 500 biggest U.S. companies by revenue and profits. Dogcatcher’s quest to sniff-out the best dividend-buys focused on 66 industry-leader profits per YCharts data 10/16/24. Those 66 industry leaders were segmented into 21 business sectors, ranging (alphabetically) from apparel to wholesalers. 3 of the 66 were private or foreign exchange listed firms, not tracked by YCharts, leaving 63-listed. 57 dividend-yielding stocks led those 63 industry leaders and ranged 0.03% to 8.13% in annual yield and ranged -12.12% to 55.72% in broker-estimated one-year target-price-upsides.
COP’s Market Performance
COP’s stock has fallen by -4.36% in the past week, with a monthly drop of -4.41% and a quarterly drop of -5.75%. The volatility ratio for the week is 1.37% while the volatility levels for the last 30 days are 2.13% for Conoco Phillips The simple moving average for the past 20 days is -2.78% for COP’s stock, with a -7.64% simple moving average for the past 200 days.
Analysts’ Opinion of COP
Many brokerage firms have already submitted their reports for COP stocks, with Wolfe Research repeating the rating for COP by listing it as a “Outperform.” The predicted price for COP in the upcoming period, according to Wolfe Research is $145 based on the research report published on July 18, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see COP reach a price target of $147. The rating they have provided for COP stocks is “Buy” according to the report published on June 14th, 2024.
Barclays gave a rating of “Overweight” to COP, setting the target price at $158 in the report published on April 10th of the current year.
COP Trading at -2.96% 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 -21.56% of loss for the given period.
Volatility was left at 2.13%, however, over the last 30 days, the volatility rate increased by 1.37%, as shares sank -3.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.40% lower at present.
During the last 5 trading sessions, COP fell by -4.36%, which changed the moving average for the period of 200-days by -11.89% in comparison to the 20-day moving average, which settled at $108.69. In addition, Conoco Phillips saw -8.48% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at COP starting from LEACH TIMOTHY A, who sale 55,500 shares at the price of $108.11 back on Aug 13 ’24. After this action, LEACH TIMOTHY A now owns 455,909 shares of Conoco Phillips, valued at $6,000,255 using the latest closing price.
Timothy Allen Leach, the Affiliate of Conoco Phillips, proposed sale 66,757 shares at $110.03 during a trade that took place back on Aug 13 ’24, which means that Timothy Allen Leach is holding shares at $7,345,273 based on the most recent closing price.
Stock Fundamentals for COP
Current profitability levels for the company are sitting at:
- 0.33 for the present operating margin
- 0.31 for the gross margin
The net margin for Conoco Phillips stands at 0.19. The total capital return value is set at 0.22. Equity return is now at value 21.90, with 11.48 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 1.12. The debt to equity ratio resting at 0.37. The interest coverage ratio of the stock is 15.97.
Currently, EBITDA for the company is 23.46 billion with net debt to EBITDA at 0.57. When we switch over and look at the enterprise to sales, we see a ratio of 2.43. The receivables turnover for the company is 10.61for trailing twelve months and the total asset turnover is 0.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.33.
Conclusion
In conclusion, Conoco Phillips (COP) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
