ConocoPhillips [NYSE: COP] stock went on a downward path that fall over -4.40% on Tuesday, amounting to a one-week price decrease of less than -4.21%. The company report on March 31, 2021 that ConocoPhillips Provides Preliminary First-Quarter 2021 Operational and Financial Update; Reaffirms Full-Year 2021 Capital of $5.5 Billion and Production of 1.5 Million Barrels of Oil Equivalent per Day; Provides Additional 2021 Guidance.
ConocoPhillips (NYSE: COP) provided information regarding preliminary first-quarter 2021 operational and financial updates as well as certain full-year 2021 guidance items. The information discussed herein reflects the combined company following the close of the Concho transaction in January. Final first-quarter results will be reported on May 4.
Over the last 12 months, COP stock rose by 40.73%. The one-year ConocoPhillips stock forecast points to a potential upside of 24.16. The average equity rating for COP stock is currently 1.90, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $66.83 billion, with 1.07 billion shares outstanding and 1.07 billion shares in the current float. Compared to the average trading volume of 10.42M shares, COP stock reached a trading volume of 11913723 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $64.15 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 Securities have made an estimate for ConocoPhillips shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 15, 2021. While these analysts kept the previous recommendation, Goldman raised their target price to Buy. The new note on the price target was released on February 03, 2021, representing the official price target for ConocoPhillips stock. Previously, the target price had yet another raise to $56, while Scotiabank analysts kept a Sector Outperform rating on COP stock. On January 12, 2021, analysts increased their price target for COP shares from 36 to 56.
The Average True Range (ATR) for ConocoPhillips is set at 1.66, with the Price to Sales ratio for COP stock in the period of the last 12 months amounting to 3.57. The Price to Book ratio for the last quarter was 1.75, with the Price to Cash per share for the same quarter was set at 4.80.
COP Stock Performance Analysis:
ConocoPhillips [COP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.21. With this latest performance, COP shares dropped by -7.51% in over the last four-week period, additionally plugging by 44.06% over the last 6 months – not to mention a rise of 40.73% 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 35.76, with the RSI for the last a single of trading hit 28.62, and the three-weeks RSI is set at 41.36 for ConocoPhillips [COP]. The present Moving Average for the last 50 days of trading for this stock 52.66, while it was recorded at 51.04 for the last single week of trading, and 41.89 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 -9.75 and a Gross Margin at -3.44. ConocoPhillips’s Net Margin is presently recorded at -14.39.
Return on Total Capital for COP is now -3.78, given the latest momentum, and Return on Invested Capital for the company is -5.66. Return on Equity for this stock declined to -8.33, with Return on Assets sitting at -4.06. When it comes to the capital structure of this company, ConocoPhillips [COP] has a Total Debt to Total Equity ratio set at 54.12. Additionally, COP Total Debt to Total Capital is recorded at 35.12, with Total Debt to Total Assets ending up at 25.80. Long-Term Debt to Equity for the company is recorded at 51.29, with the Long-Term Debt to Total Capital now at 33.28.
Reflecting on the efficiency of the workforce at the company, ConocoPhillips [COP] managed to generate an average of -$278,454 per employee. Receivables Turnover for the company is 6.10 with a Total Asset Turnover recorded at a value of 0.28.ConocoPhillips’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.10 and a Current Ratio set at 2.20.
COP Stock EPS
With the latest financial reports released by the company, ConocoPhillips posted 0.45/share EPS, while the average EPS was predicted by analysts to be reported at 0.23/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 95.70%. 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 -8.50%.
ConocoPhillips [COP] Insider Position Details
There are presently around $51,792 million, or 62.40% of COP stock, in the hands of institutional investors. The top three institutional holders of COP stocks are: VANGUARD GROUP INC with ownership of 116,639,770, which is approximately -5.548% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 106,616,875 shares of the stock with an approximate value of $5.19 billion in COP stocks shares; and STATE STREET CORP, currently with $3.74 billion in COP stock with ownership of nearly 5.606% of the company’s market capitalization.
Positions in ConocoPhillips stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 699 institutional holders increased their position in ConocoPhillips [NYSE:COP] by around 121,761,746 shares. Additionally, 727 investors decreased positions by around 113,166,724 shares, while 161 investors held positions by with 829,653,419 shares. The mentioned changes placed institutional holdings at 1,064,581,889 shares, according to the latest SEC report filing. COP stock had 249 new institutional investments in for a total of 18,550,067 shares, while 97 institutional investors sold positions of 13,210,650 shares during the same period.