ConocoPhillips [NYSE: COP] gained 0.38% or 0.21 points to close at $55.74 with a heavy trading volume of 5744154 shares. The company report on May 4, 2021 that ConocoPhillips Reports First-Quarter 2021 Results; Declares Quarterly Dividend; Announces Debt-Reduction Plan and Intention to Begin Sales of Cenovus Shares with Proceeds to Fund Incremental Buybacks; Schedules Midyear Market Update.
ConocoPhillips (NYSE: COP) reported first-quarter 2021 earnings of $1.0 billion, or $0.75 per share, compared with a first-quarter 2020 loss of $1.7 billion, or ($1.60) per share. Excluding special items, first-quarter 2021 adjusted earnings were $0.9 billion, or $0.69 per share, compared with first-quarter 2020 adjusted earnings of $0.5 billion, or $0.45 per share. Special items for the current quarter included an unrealized gain on Cenovus Energy shares and a gain associated with the Australia-West divestiture following the buyer’s final investment decision on the Barossa development project. Partially offsetting these benefits were previously announced transaction and restructuring expenses related to the acquisition of Concho and realized losses on the Concho hedging program related to positions for which the company accelerated settlement into the first quarter, in addition to deferred tax adjustments.
First-Quarter Highlights and Recent Announcements.
It opened the trading session at $55.80, the shares rose to $55.95 and dropped to $55.32, the range by which the price of stock traded the whole day. The daily chart for COP points out that the company has recorded 27.76% gains over the past six months. However, it is still -102.47% lower than its most recent low trading price.
If we look at the average trading volume of 9.44M shares, COP reached to a volume of 5744154 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about ConocoPhillips [COP]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for COP shares is $67.10 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 1.80. 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.
Raymond James have made an estimate for ConocoPhillips shares, keeping their opinion on the stock as Strong Buy, with their previous recommendation back on May 07, 2021. The new note on the price target was released on May 05, 2021, representing the official price target for ConocoPhillips stock.
The Average True Range (ATR) for ConocoPhillips is set at 1.60, with the Price to Sales ratio for COP stock in the period of the last 12 months amounting to 3.34. The Price to Book ratio for the last quarter was 1.68, with the Price to Cash per share for the same quarter was set at 5.16.
Trading performance analysis for COP stock
ConocoPhillips [COP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.16. With this latest performance, COP shares gained by 4.91% in over the last four-week period, additionally plugging by 27.76% over the last 6 months – not to mention a rise of 32.15% 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 54.19, with the RSI for the last a single of trading hit 53.34, and the three-weeks RSI is set at 54.42 for ConocoPhillips [COP]. The present Moving Average for the last 50 days of trading for this stock 53.40, while it was recorded at 55.53 for the last single week of trading, and 43.94 for the last 200 days.
ConocoPhillips [COP]: A deeper dive into fundamental analysis
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 1.90 and a Current Ratio set at 2.00.
ConocoPhillips [COP]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, ConocoPhillips posted -0.92/share EPS, while the average EPS was predicted by analysts to be reported at -0.58/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -58.60%. 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%.
An analysis of insider ownership at ConocoPhillips [COP]
There are presently around $58,568 million, or 79.20% of COP stock, in the hands of institutional investors. The top three institutional holders of COP stocks are: VANGUARD GROUP INC with ownership of 110,012,168, which is approximately -5.682% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 107,145,130 shares of the stock with an approximate value of $5.97 billion in COP stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $4.47 billion in COP stock with ownership of nearly 6.248% 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 735 institutional holders increased their position in ConocoPhillips [NYSE:COP] by around 80,007,861 shares. Additionally, 733 investors decreased positions by around 110,887,530 shares, while 194 investors held positions by with 859,834,576 shares. The mentioned changes placed institutional holdings at 1,050,729,967 shares, according to the latest SEC report filing. COP stock had 191 new institutional investments in for a total of 6,972,656 shares, while 146 institutional investors sold positions of 26,528,722 shares during the same period.