Conoco Phillips (COP) concluded trading on Wednesday at a closing price of $128.33, with 3.87 million shares of worth about $496.58 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 2.60% during that period and on April 17, 2024 the price saw a loss of about -0.93%. Currently the company’s common shares owned by public are about 1.18B shares, out of which, 1.18B shares are available for trading.
Stock saw a price change of -3.38% in past 5 days and over the past one month there was a price change of 6.71%. Year-to-date (YTD), COP shares are showing a performance of 10.76% which increased to 23.08% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $94.48 but also hit the highest price of $135.18 during that period. The average intraday trading volume for Conoco Phillips shares is 5.54 million. The stock is currently trading -0.30% below its 20-day simple moving average (SMA20), while that difference is up 7.63% for SMA50 and it goes to 10.37% higher than SMA200.
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Conoco Phillips (NYSE: COP) currently have 1.18B outstanding shares and institutions hold larger chunk of about 83.89% of that.
The stock has a current market capitalization of $150.97B and its 3Y-monthly beta is at 1.25. PE ratio of stock for trailing 12 months is 14.15, while it has posted earnings per share of $9.07 in the same period. It has Quick Ratio of 1.29 while making debt-to-equity ratio of 0.40. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for COP, volatility over the week remained 2.28% while standing at 1.71% over the month.
Stock’s fiscal year EPS is expected to rise by 1.15% while it is estimated to increase by 8.91% in next year. EPS is likely to shrink at an annualized rate of -10.12% for next 5-years, compared to annual growth of 11.22% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on April 10, 2024 offering an Overweight rating for the stock and assigned a target price of $158 to it. On November 14, 2023, Johnson Rice Initiated their recommendations, while on July 07, 2023, Wolfe Research Upgrade their ratings for the stock with a price target of $120. Stock get a Buy rating from UBS on April 19, 2023.
