At the time of writing, Conoco Phillips [COP] stock is trading at $130.25, down -0.72%. An important factor to consider is whether the stock is rising or falling in short-term value. The COP shares have lost -1.64% over the last week, with a monthly amount glided 8.74%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Conoco Phillips [NYSE: COP] stock has seen the most recent analyst activity on April 10, 2024, when Barclays initiated its Overweight rating and assigned the stock a price target of $158. Previously, Johnson Rice downgraded its rating to Hold on December 14, 2023. On November 14, 2023, Johnson Rice initiated with a Accumulate rating and assigned a price target of $135 on the stock. Wolfe Research upgraded its rating to a Outperform but stick to its price target of $120 on July 07, 2023. UBS initiated its recommendation with a Buy and recommended $139 as its price target on April 19, 2023. Mizuho downgraded its rating to Neutral for this stock on April 17, 2023, and downed its price target to $128. In a note dated April 05, 2023, Societe Generale upgraded an Hold rating on this stock but restated the target price of $105.
For the past year, the stock price of Conoco Phillips fluctuated between $94.48 and $135.18. Currently, Wall Street analysts expect the stock to reach $118.71 within the next 12 months. Conoco Phillips [NYSE: COP] shares were valued at $130.25 at the most recent close of the market. An investor can expect a potential drop of -8.86% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.37.
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 129.32 points at the first support level, and at 128.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 131.90, and for the 2nd resistance point, it is at 133.54.
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 2.73, the price to book ratio is 3.11 and price to earnings (TTM) ratio is 14.36.
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.
