At the time of writing, Conoco Phillips [COP] stock is trading at $126.23, up 2.60%. An important factor to consider is whether the stock is rising or falling in short-term value. The COP shares have gain 4.96% over the last week, with a monthly amount glided 13.20%, and seem to be holding up well over a long-time horizon.
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On 21, March 2024, ConocoPhillips to hold first-quarter earnings conference call on Thursday, May 2. In a post published today on Yahoo Finance, ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, May 2, 2024, at 12:00 p.m. Eastern time to discuss first-quarter 2024 financial and operating results. The company’s financial and operating results will be released before the market opens on May 2.
From an analyst’s perspective:
Conoco Phillips [NYSE: COP] stock has seen the most recent analyst activity on December 14, 2023, when Johnson Rice downgraded its rating to a Hold. Previously, Johnson Rice started tracking the stock with Accumulate rating on November 14, 2023, and set its price target to $135. On July 07, 2023, upgrade upgraded it’s rating to Outperform but maintained its price target of $120 on the stock. UBS started tracking the stock assigning a Buy rating and suggested a price target of $139 on April 19, 2023. Mizuho downgraded its rating to a Neutral and reduced its price target to $128 on April 17, 2023. Societe Generale upgraded its rating to Hold for this stock on April 05, 2023, but kept the price target unchanged to $105. In a note dated February 03, 2023, CapitalOne downgraded an Equal Weight rating on this stock but restated the target price of $102.
For the past year, the stock price of Conoco Phillips fluctuated between $91.51 and $127.12. Currently, Wall Street analysts expect the stock to reach $118.95 within the next 12 months. Conoco Phillips [NYSE: COP] shares were valued at $126.23 at the most recent close of the market. An investor can expect a potential drop of -5.77% based on the average COP price forecast.
Analyzing the COP fundamentals
According to Conoco Phillips [NYSE:COP], the company’s sales were 56.05B for trailing twelve months, which represents an -19.08% plunge. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at 0.4%, Pretax Profit Margin comes in at 0.29%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.23 and Total Capital is 0.26. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.37.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 124.04 points at the first support level, and at 121.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 127.54, and for the 2nd resistance point, it is at 128.84.
Conoco Phillips [COP] reported earnings per share of $2.4 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.09/share, meaning a difference of $0.31 and a surprise factor of 14.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.16 per share as compared to estimates of $2.08 per share, a difference of $0.08 representing a surprise of 3.80%.
Ratios To Look Out For
It is important to note that Conoco Phillips [NYSE:COP] has a current ratio of 1.43. On the other hand, the Quick Ratio is 1.29, and the Cash Ratio is 0.56. Considering the valuation of this stock, the price to sales ratio is 2.65, the price to book ratio is 3.02 and price to earnings (TTM) ratio is 13.92.
Transactions by insiders
Recent insider trading involved Bullock William L. Jr., Executive Vice President & CFO, that happened on Mar 22 ’24 when 45200.0 shares were sold. Vice President, Controller, DELK CHRISTOPHER P. completed a deal on Feb 22 ’24 to sell 8505.0 shares. Meanwhile, Executive Vice President Macklon Dominic E. sold 23372.0 shares on Feb 21 ’24.
