ConocoPhillips [COP] gain 19.80% so far this year. What now?

Related

ConocoPhillips [NYSE: COP] closed the trading session at $85.55 on 07/11/22. The day’s price range saw the stock hit a low of $84.19, while the highest price level was $86.60. The company report on June 23, 2022 that ConocoPhillips to Hold Second-Quarter Earnings Conference Call on Thursday, Aug. 4.


Top 5 Cheap Stocks to Own Right Now

While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.

Sign up here to get your free report now. .

Sponsored


ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, Aug. 4, 2022, at 12:00 p.m. Eastern time to discuss second-quarter 2022 financial and operating results. The company’s financial and operating results will be released before the market opens on Aug. 4.

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, with a transcript available the following day.

The stocks have a year to date performance of 19.80 percent and weekly performance of -5.97 percent. The stock has been moved at 10.17 percent over the last six months. The stock has performed -29.25 percent around the most recent 30 days and changed -13.75 percent over the most recent 3-months.

If compared to the average trading volume of 8.48M shares, COP reached to a volume of 4684871 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $125.88 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 08, 2022. While these analysts kept the previous recommendation, Wells Fargo dropped their target price from $95 to $114. The new note on the price target was released on February 04, 2022, representing the official price target for ConocoPhillips stock. Previously, the target price had yet another raise from $111 to $115, while Truist kept a Buy rating on COP stock. On February 04, 2022, analysts increased their price target for COP shares from 100 to 110.

The Average True Range (ATR) for ConocoPhillips is set at 4.89, with the Price to Sales ratio for COP stock in the period of the last 12 months amounting to 2.06. The Price to Book ratio for the last quarter was 2.26, with the Price to Cash per share for the same quarter was set at 5.53. Price to Free Cash Flow for COP in the course of the last twelve months was 12.44 with Quick ratio for the last quarter at 1.40.

COP stock trade performance evaluation

ConocoPhillips [COP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.97. With this latest performance, COP shares dropped by -29.25% in over the last four-week period, additionally plugging by 10.17% over the last 6 months – not to mention a rise of 44.21% 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 36.21, with the RSI for the last a single of trading hit 33.79, and the three-weeks RSI is set at 38.12 for ConocoPhillips [COP]. The present Moving Average for the last 50 days of trading for this stock 102.55, while it was recorded at 85.27 for the last single week of trading, and 88.35 for the last 200 days.

ConocoPhillips [COP]: An insightful look at the core fundamentals

ConocoPhillips’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.50.

Earnings per share (EPS) analysis for ConocoPhillips [COP] stock

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 15.43%.

ConocoPhillips [COP]: Insider Ownership positions

There are presently around $88,477 million, or 81.50% of COP stock, in the hands of institutional investors. The top three institutional holders of COP stocks are: VANGUARD GROUP INC with ownership of 111,099,502, which is approximately 1.043% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 107,537,783 shares of the stock with an approximate value of $9.2 billion in COP stocks shares; and STATE STREET CORP, currently with $5.65 billion in COP stock with ownership of nearly -1.837% of the company’s market capitalization.

Positions in ConocoPhillips stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 918 institutional holders increased their position in ConocoPhillips [NYSE:COP] by around 73,030,617 shares. Additionally, 845 investors decreased positions by around 60,051,111 shares, while 271 investors held positions by with 901,136,119 shares. The mentioned changes placed institutional holdings at 1,034,217,847 shares, according to the latest SEC report filing. COP stock had 264 new institutional investments in for a total of 14,347,960 shares, while 89 institutional investors sold positions of 4,173,534 shares during the same period.

[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]