Conoco Phillips (NYSE:COP) shares, rose in value on Wednesday, January 22, with the stock price down by -1.17% to the previous day’s close as strong demand from buyers drove the stock to $103.06.
Actively observing the price movement in the last trading, the stock closed the session at $104.28, falling within a range of $102.92 and $104.99. The value of beta (5-year monthly) was 1.22 whereas the PE ratio was 12.24 over 12-month period. Referring to stock’s 52-week performance, its high was $134.71, and the low was $94.23. On the whole, COP has fluctuated by 7.52% over the past month.
With the market capitalization of Conoco Phillips currently standing at about $133.31 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 2.92, with its dividend yield at 2.83%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 56.88B, with a low estimate of 12.56B and a high estimate of 14.88B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 14.14B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. 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 1.53, with the price of COP currently trading nearly 2.12% and -1.22% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.05, while the 7-day volatility ratio is showing 1.39% which for the 30-day chart, stands at 1.86%. Furthermore, Conoco Phillips (COP)’s beta value is 1.18, and its average true range (ATR) is 1.97.
A comparison of Conoco Phillips (COP) with its peers suggests the former has fared considerably weaker in the market. COP showed an intraday change of -1.17% in last session, and over the past year, it shrunk by -3.95%%.
Data on historical trading for Conoco Phillips (NYSE:COP) indicates that the trading volumes over the past 10 days have averaged 5.97 and over the past 3 months, they’ve averaged 6.83 million. According to company’s latest data on outstanding shares, there are 1.29 billion shares outstanding.
Nearly 0.08% of Conoco Phillips’s shares belong to company insiders and institutional investors own 75.15% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 11.99 million shares as on 2024-12-31, resulting in a short ratio of 1.57. According to the data, the short interest in Conoco Phillips (COP) stood at 93.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 14.25 million. The stock has risen by 3.92% 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.
