Home  »  Companies   »  Things To Consider Before You Buy ConocoPhillips (...

Things To Consider Before You Buy ConocoPhillips (NYSE: COP)

ConocoPhillips (NYSE:COP) shares, rose in value on Thursday, May 25, with the stock price down by -2.04% to the previous day’s close as strong demand from buyers drove the stock to $101.86.

Actively observing the price movement in the recent trading, the stock is buoying the session at $103.98, falling within a range of $103.47 and $105.68. The value of beta (5-year monthly) is 1.32 whereas the PE ratio is 8.29 over 12-month period. Referring to stock’s 52-week performance, its high was $136.78, and the low was $76.24. On the whole, COP has fluctuated by 1.38% over the past month.

25-cent Stock Takes $11T Commodities Sector Digital

One brilliantly-run technology firm has successfully partnered with some of the largest players in the industry to bring a first-of-its-kind digital solution to the global commodities supply chain sector. Best of all, this upstart technology firm is currently trading undiscovered — below 25-cents per share — so very, very few investors know about it yet! For investors… it's an early-stage opportunity in a company that's bringing the US$11T global commodities sector straight into the 21st century.

All the details are in the FREE online report you can get here.


With the market capitalization of ConocoPhillips currently standing at about $123.54 billion, investors are eagerly awaiting this quarter’s results, scheduled for Aug 02, 2023 – Aug 07, 2023. The company’s Forward Dividend Ratio is 5.29, with its dividend yield at 5.09%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $2.22, which is expected to increase to $4.02 for fiscal year $9.76 and then to about $10.67 by fiscal year 2024. Data indicates that the EPS growth is expected to be -27.80% in 2024, while the next year’s EPS growth is forecast to be 9.30%.

Analysts have estimated the company’s revenue for the quarter at $15.65 billion, with a low estimate of $14.01 billion and a high estimate of $17.49 billion. According to the average forecast, sales growth in current quarter could jump down -28.80%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $63.69 billion, representing a decrease of -22.50% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that COP’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of COP currently trading nearly 1.06% and 0.44% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.09, while the 7-day volatility ratio is showing 1.89% which for the 30-day chart, stands at 2.40%. Furthermore, ConocoPhillips (COP)’s beta value is 1.32, and its average true range (ATR) is 2.69.

A comparison of ConocoPhillips (COP) with its peers suggests the former has fared considerably weaker in the market. COP showed an intraday change of -2.04% in today’s session so far, and over the past year, it shrunk by -3.70%%. On the other hand, the price of Exxon Mobil Corporation (XOM) has fallen -1.74% today. The stock, however, is off 11.99% from where it was a year ago. Additionally, there is a loss of -1.38% for Chevron Corporation (CVX) in recent trading while the stock has seen an overall depriciation of -10.16%% over the past year. The PE ratio stands at 8.29 for ConocoPhillips, and 7.28 for Exxon Mobil Corporation. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 0.66%. Meanwhile, the Dow Jones Industrial Slipped by -0.18%.

Data on historical trading for ConocoPhillips (NYSE:COP) indicates that the trading volumes over the past 10 days have averaged 5.4 million and over the past 3 months, they’ve averaged 6.40 million. According to company’s latest data on outstanding shares, there are 1.22 billion shares outstanding.

Nearly 0.10% of ConocoPhillips’s shares belong to company insiders and institutional investors own 83.40% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.14 million shares as on May 14, 2023, resulting in a short ratio of 1.77. According to the data, the short interest in ConocoPhillips (COP) stood at 0.84% of shares outstanding as of May 14, 2023; the number of short shares registered in Apr 13, 2023 reached 12.06 million. The stock has fallen by -13.14% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the COP stock heading into the next quarter.

Leave a Comment

Your email address will not be published. Required fields are marked *