Monday, November 30, 2020

ConocoPhillips [COP] Revenue clocked in at $29.41 billion, down -22.64% YTD: What’s Next?

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ConocoPhillips [NYSE: COP] price surged by 3.54 percent to reach at $1.72. A sum of 10216211 shares traded at recent session while its average daily volume was at 11.55M shares. ConocoPhillips shares reached a high of $50.79 and dropped to a low of $48.81 until finishing in the latest session at $50.31.

The one-year COP stock forecast points to a potential downside of -0.62. The average equity rating for COP stock is currently 1.90, trading closer to a bullish pattern in the stock market.


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Guru’s Opinion on ConocoPhillips [COP]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for COP shares is $50.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on COP stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA/Merrill have made an estimate for ConocoPhillips shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 01, 2020. The new note on the price target was released on April 03, 2020, representing the official price target for ConocoPhillips stock. Previously, the target price had yet another drop from $73 to $50, while RBC Capital Mkts kept a Outperform rating on COP stock.

The Average True Range (ATR) for ConocoPhillips is set at 2.04, with the Price to Sales ratio for COP stock in the period of the last 12 months amounting to 1.86. The Price to Book ratio for the last quarter was 1.74, with the Price to Cash per share for the same quarter was set at 7.17. Price to Free Cash Flow for COP in the course of the last twelve months was 26.50 with Quick ratio for the last quarter at 2.00.

COP Stock Performance Analysis:

ConocoPhillips [COP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 15.95. With this latest performance, COP shares gained by 18.60% in over the last four-week period, additionally sinking by -15.93% over the last 6 months – not to mention a drop of -14.67% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for COP stock in for the last two-week period is set at 72.06, with the RSI for the last a single of trading hit 77.88, and the three-weeks RSI is set at 66.31 for ConocoPhillips [COP]. The present Moving Average for the last 50 days of trading for this stock 38.85, while it was recorded at 46.59 for the last single week of trading, and 51.41 for the last 200 days.

Insight into ConocoPhillips Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and ConocoPhillips [COP] shares currently have an operating margin of +21.70 and a Gross Margin at +26.36. ConocoPhillips’s Net Margin is presently recorded at +22.17.

Return on Total Capital for COP is now 14.38, given the latest momentum, and Return on Invested Capital for the company is 14.80. Return on Equity for this stock inclined to 21.49, with Return on Assets sitting at 10.23. When it comes to the capital structure of this company, ConocoPhillips [COP] has a Total Debt to Total Equity ratio set at 45.24. Additionally, COP Total Debt to Total Capital is recorded at 31.15, with Total Debt to Total Assets ending up at 22.45. Long-Term Debt to Equity for the company is recorded at 43.95, with the Long-Term Debt to Total Capital now at 30.26.

Reflecting on the efficiency of the workforce at the company, ConocoPhillips [COP] managed to generate an average of $691,250 per employee. Receivables Turnover for the company is 8.68 with a Total Asset Turnover recorded at a value of 0.46.ConocoPhillips’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.00 and a Current Ratio set at 2.20.

COP Stock EPS

With the latest financial reports released by the company, ConocoPhillips posted 1.01/share EPS, while the average EPS was predicted by analysts to be reported at 1.03/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -1.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for COP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for ConocoPhillips go to 2.07%.

ConocoPhillips [COP] Insider Position Details

There are presently around $38,532 million, or 75.30% of COP stock, in the hands of institutional investors. The top three institutional holders of COP stocks are: VANGUARD GROUP INC with ownership of 91,735,877, which is approximately 3.281% of the company’s market cap and around 0.04% of the total institutional ownership; BLACKROCK INC., holding 86,102,053 shares of the stock with an approximate value of $4.18 billion in COP stocks shares; and STATE STREET CORP, currently with $2.58 billion in COP stock with ownership of nearly 5.345% of the company’s market capitalization.

Positions in ConocoPhillips stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 536 institutional holders increased their position in ConocoPhillips [NYSE:COP] by around 85,576,196 shares. Additionally, 1,059 investors decreased positions by around 94,984,827 shares, while 152 investors held positions by with 612,451,017 shares. The mentioned changes placed institutional holdings at 793,012,040 shares, according to the latest SEC report filing. COP stock had 93 new institutional investments in for a total of 7,759,446 shares, while 409 institutional investors sold positions of 13,701,953 shares during the same period.

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