ConocoPhillips [COP] Revenue clocked in at $29.26 billion, up 42.71% YTD: What’s Next?

ConocoPhillips [NYSE: COP] stock went on a downward path that fall over -3.14% on Monday, amounting to a one-week price decrease of less than -0.90%. The company report on September 21, 2021 that ConocoPhillips Announces Significant Enhancement to Multi-Year Plan with All-Cash Permian Asset Acquisition; Increases Ordinary Dividend; Improves 2030 Emissions Intensity Reduction Target.

ConocoPhillips (NYSE: COP) announced several actions to further enhance its compelling, distinctive investment proposition. The actions are consistent with the company’s financial framework, its stated capital allocation priorities and its commitment to playing a valued role in the energy transition. Materials describing ’s actions are provided at www.conocophillips.com/investor. The actions include:.

A complementary, highly accretive acquisition of Shell Enterprises LLC’s prolific Delaware basin position for $9.5 billion in cash. The assets include ~225,000 net acres and producing properties located entirely in Texas, as well as over 600 miles of operated crude, gas and water pipelines and infrastructure. Estimated 2022 production from these assets is expected to be approximately 200 MBOED, roughly half of which is operated.

Over the last 12 months, COP stock rose by 59.10%. The one-year ConocoPhillips stock forecast points to a potential upside of 23.86. The average equity rating for COP stock is currently 1.80, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $76.82 billion, with 1.35 billion shares outstanding and 1.34 billion shares in the current float. Compared to the average trading volume of 8.02M shares, COP stock reached a trading volume of 9528289 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 $74.95 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 1.59, with the Price to Sales ratio for COP stock in the period of the last 12 months amounting to 2.63. 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 6.58. Price to Free Cash Flow for COP in the course of the last twelve months was 36.12 with Quick ratio for the last quarter at 2.00.

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 -0.90. With this latest performance, COP shares gained by 8.83% in over the last four-week period, additionally plugging by 9.25% over the last 6 months – not to mention a rise of 59.10% 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 51.82, with the RSI for the last a single of trading hit 50.95, and the three-weeks RSI is set at 51.43 for ConocoPhillips [COP]. The present Moving Average for the last 50 days of trading for this stock 56.17, while it was recorded at 58.30 for the last single week of trading, and 52.60 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 2.00 and a Current Ratio set at 2.10.

COP Stock EPS

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 -1.80%.

ConocoPhillips [COP] Insider Position Details

There are presently around $60,508 million, or 79.90% of COP stock, in the hands of institutional investors. The top three institutional holders of COP stocks are: BLACKROCK INC. with ownership of 112,123,146, which is approximately 4.646% of the company’s market cap and around 0.09% of the total institutional ownership; VANGUARD GROUP INC, holding 110,688,147 shares of the stock with an approximate value of $6.32 billion in COP stocks shares; and STATE STREET CORP, currently with $4.14 billion in COP stock with ownership of nearly 1.977% of the company’s market capitalization.

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Positions in ConocoPhillips stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 766 institutional holders increased their position in ConocoPhillips [NYSE:COP] by around 65,505,850 shares. Additionally, 671 investors decreased positions by around 65,929,872 shares, while 235 investors held positions by with 928,804,828 shares. The mentioned changes placed institutional holdings at 1,060,240,550 shares, according to the latest SEC report filing. COP stock had 167 new institutional investments in for a total of 10,351,387 shares, while 87 institutional investors sold positions of 3,230,899 shares during the same period.

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