ConocoPhillips [COP] Revenue clocked in at $53.76 billion, up 19.13% YTD: What’s Next?


ConocoPhillips [NYSE: COP] surged by $2.18 during the normal trading session on Monday and reaching a high of $86.39 during the day while it closed the day at $85.07. The company report on July 14, 2022 that Pioneer, Devon and ConocoPhillips Join OGMP 2.0, Commit to Leading Methane Performance and Increased Transparency in Emissions Reporting.

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Three leading U.S. oil and natural gas producing companies, Pioneer Natural Resources Company (NYSE: PXD), Devon Energy Corp. (NYSE: DVN) and ConocoPhillips (NYSE: COP), jointly announced today that they have joined the Oil and Gas Methane Partnership (OGMP) 2.0 Initiative. The initiative’s mission is to improve the industry’s transparency in methane emissions reporting and encourage progress in reducing those emissions. The companies’ membership in OGMP 2.0 demonstrates their commitments to reducing methane emissions and meeting U.S. and global energy demand with reliable and responsibly sourced production.

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ConocoPhillips stock has also loss -0.56% of its value over the past 7 days. However, COP stock has declined by -15.43% in the 3 months of the year. Over the past six months meanwhile, it has gained 2.83% and gained 19.13% year-on date.

The market cap for COP stock reached $108.33 billion, with 1.30 billion shares outstanding and 1.29 billion shares in the current float. Compared to the average trading volume of 8.38M shares, COP reached a trading volume of 7037580 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 $125.34 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 2.00. 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 4.62, with the Price to Sales ratio for COP stock in the period of the last 12 months amounting to 2.02. The Price to Book ratio for the last quarter was 2.25, with the Price to Cash per share for the same quarter was set at 5.61. Price to Free Cash Flow for COP in the course of the last twelve months was 12.20 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 -0.56. With this latest performance, COP shares dropped by -21.59% in over the last four-week period, additionally plugging by 2.83% over the last 6 months – not to mention a rise of 55.36% 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 39.22, with the RSI for the last a single of trading hit 40.36, and the three-weeks RSI is set at 39.76 for ConocoPhillips [COP]. The present Moving Average for the last 50 days of trading for this stock 101.04, while it was recorded at 83.23 for the last single week of trading, and 88.77 for the last 200 days.

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

Operating Margin for any stock indicates how profitable investing would be, and ConocoPhillips [COP] shares currently have an operating margin of +26.87 and a Gross Margin at +31.98. ConocoPhillips’s Net Margin is presently recorded at +17.54.

Return on Equity for this stock inclined to 21.47, with Return on Assets sitting at 10.54.

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 16.58%.

ConocoPhillips [COP]: Insider Ownership positions

There are presently around $85,708 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 $8.91 billion in COP stocks shares; and STATE STREET CORP, currently with $5.47 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 906 institutional holders increased their position in ConocoPhillips [NYSE:COP] by around 73,074,691 shares. Additionally, 849 investors decreased positions by around 59,708,418 shares, while 277 investors held positions by with 901,216,783 shares. The mentioned changes placed institutional holdings at 1,033,999,892 shares, according to the latest SEC report filing. COP stock had 249 new institutional investments in for a total of 14,310,465 shares, while 83 institutional investors sold positions of 4,136,691 shares during the same period.