A share price of Conoco Phillips [COP] is currently trading at $108.86, up 0.95%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The COP shares have gain 5.42% over the last week, with a monthly amount drifted -4.96%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
On April 10, 2024, Barclays initiated with a Overweight rating and assigned a price target of $158 on the stock. Johnson Rice downgraded its rating to a Hold. Johnson Rice initiated its recommendation with a Accumulate and recommended $135 as its price target on November 14, 2023. Wolfe Research upgraded its rating to Outperform for this stock on July 07, 2023, but kept the price target unchanged to $120. In a note dated April 19, 2023, UBS initiated an Buy rating and provided a target price of $139 on this stock.
Conoco Phillips experienced fluctuations in its stock price throughout the past year between $101.29 and $134.71. Currently, Wall Street analysts expect the stock to reach $122.67 within the next 12 months. Conoco Phillips [NYSE: COP] shares were valued at $108.86 at the most recent close of the market. An investor can expect a potential return of 12.69% based on the average COP price forecast.
Analyzing the COP fundamentals
Trailing Twelve Months sales for Conoco Phillips [NYSE:COP] were 55.02B which represents -8.90% decline. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.32%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.2 and Total Capital is 0.21. 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 108.36 points at the first support level, and at 107.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 109.71, and for the 2nd resistance point, it is at 110.56.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Conoco Phillips [NYSE:COP] is 1.30. Also, the Quick Ratio is 1.16, while the Cash Ratio stands at 0.48. Considering the valuation of this stock, the price to sales ratio is 2.24, the price to book ratio is 2.51 and price to earnings (TTM) ratio is 12.93.
Transactions by insiders
Recent insider trading involved LEACH TIMOTHY A, Director, that happened on Aug 13 ’24 when 55500.0 shares were sold. Affiliate, Timothy Allen Leach completed a deal on Aug 13 ’24 to buy 66757.0 shares. Meanwhile, Executive Vice President Olds Nicholas G sold 12150.0 shares on Mar 25 ’24.
