Conoco Phillips [COP] stock is trading at $133.52, up 1.34%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The COP shares have gain 4.90% over the last week, with a monthly amount glided 19.22%, 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.
Conoco Phillips [COP] stock has fluctuated between $94.48 and $132.43 over the past year. Currently, Wall Street analysts expect the stock to reach $119.05 within the next 12 months. Conoco Phillips [NYSE: COP] shares were valued at $133.52 at the most recent close of the market. An investor can expect a potential drop of -10.84% based on the average COP price forecast.
Analyzing the COP fundamentals
Conoco Phillips [NYSE:COP] reported sales of 56.05B for the trailing twelve months, which represents a drop of -19.08%. 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 131.86 points at the first support level, and at 130.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 134.51, and for the 2nd resistance point, it is at 135.50.
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
For context, Conoco Phillips’s Current Ratio is 1.43. As well, the Quick Ratio is 1.29, while the Cash Ratio is 0.56. Considering the valuation of this stock, the price to sales ratio is 2.80, the price to book ratio is 3.19 and price to earnings (TTM) ratio is 14.72.
Transactions by insiders
Recent insider trading involved Lance Ryan Michael, Chairman and CEO, that happened on Mar 25 ’24 when 0.61 million shares were sold. Executive Vice President, Olds Nicholas G completed a deal on Mar 25 ’24 to sell 12150.0 shares. Meanwhile, Executive Vice President & CFO Bullock William L. Jr. sold 45200.0 shares on Mar 22 ’24.
