ConocoPhillips [COP] stock Downgrade by Societe Generale analyst, price target now $77

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ConocoPhillips [NYSE: COP] price surged by 2.20 percent to reach at $1.59. The company report on December 16, 2021 that ConocoPhillips to Hold Fourth-Quarter Earnings Conference Call on Thursday, Feb. 3.

ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, Feb. 3, 2022, at 12:00 p.m. Eastern time to discuss fourth-quarter 2021 financial and operating results. The company’s financial and operating results will be released before the market opens on Feb. 3.


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To access the webcast, visit ConocoPhillips’ Investor Relations site, www.conocophillips.com/investor, and click on the “Register” link in the Investor Presentations section. You should register at least 15 minutes prior to the start of the webcast. The event will be archived and available for replay later the same day. A transcript will be available on the Investor Relations site.

A sum of 5759246 shares traded at recent session while its average daily volume was at 7.99M shares. ConocoPhillips shares reached a high of $73.96 and dropped to a low of $72.0206 until finishing in the latest session at $73.77.

The one-year COP stock forecast points to a potential upside of 18.79. The average equity rating for COP stock is currently 1.80, trading closer to a bullish pattern in the stock market.

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 $90.84 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.

Societe Generale have made an estimate for ConocoPhillips shares, keeping their opinion on the stock as Hold, with their previous recommendation back on November 10, 2021. The new note on the price target was released on October 11, 2021, representing the official price target for ConocoPhillips stock. Previously, the target price had yet another raise to $85, while Raymond James analysts kept a Strong Buy rating on COP stock.

The Average True Range (ATR) for ConocoPhillips is set at 2.15, with the Price to Sales ratio for COP stock in the period of the last 12 months amounting to 2.68. The Price to Book ratio for the last quarter was 2.23, with the Price to Cash per share for the same quarter was set at 7.98. Price to Free Cash Flow for COP in the course of the last twelve months was 16.86 with Quick ratio for the last quarter at 1.80.

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 0.76. With this latest performance, COP shares gained by 3.52% in over the last four-week period, additionally plugging by 22.38% over the last 6 months – not to mention a rise of 86.43% 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 56.76, with the RSI for the last a single of trading hit 61.44, and the three-weeks RSI is set at 55.04 for ConocoPhillips [COP]. The present Moving Average for the last 50 days of trading for this stock 72.73, while it was recorded at 72.85 for the last single week of trading, and 61.84 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 1.80 and a Current Ratio set at 1.90.

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%.

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ConocoPhillips [COP] Insider Position Details

There are presently around $75,783 million, or 80.40% of COP stock, in the hands of institutional investors. The top three institutional holders of COP stocks are: VANGUARD GROUP INC with ownership of 110,089,319, which is approximately -0.541% of the company’s market cap and around 0.09% of the total institutional ownership; BLACKROCK INC., holding 107,421,028 shares of the stock with an approximate value of $7.75 billion in COP stocks shares; and STATE STREET CORP, currently with $4.9 billion in COP stock with ownership of nearly -6.328% of the company’s market capitalization.

Positions in ConocoPhillips stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 761 institutional holders increased their position in ConocoPhillips [NYSE:COP] by around 47,084,428 shares. Additionally, 665 investors decreased positions by around 56,847,195 shares, while 282 investors held positions by with 945,985,708 shares. The mentioned changes placed institutional holdings at 1,049,917,331 shares, according to the latest SEC report filing. COP stock had 153 new institutional investments in for a total of 6,369,017 shares, while 82 institutional investors sold positions of 3,604,978 shares during the same period.