Currently, there are 1.18B common shares owned by the public and among those 1.16B shares have been available to trade.
The company’s stock has a 5-day price change of 0.41% and -9.71% over the past three months. COP shares are trading -3.74% year to date (YTD), with the 12-month market performance up to 8.93% higher. It has a 12-month low price of $98.20 and touched a high of $134.96 over the same period. COP has an average intraday trading volume of 5.21 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.89%, -7.87%, and -5.43% respectively.
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Institutional ownership of Conoco Phillips (NYSE: COP) shares accounts for 83.76% of the company’s 1.18B shares outstanding.
It has a market capitalization of $129.63B and a beta (3y monthly) value of 1.23. The stock’s trailing 12-month PE ratio is 12.60, while the earnings-per-share (ttm) stands at $8.84. The company has a PEG of 3.00 and a Quick Ratio of 1.21 with the debt-to-equity ratio at 0.37. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.79% over the week and 1.90% over the month.
Analysts forecast that Conoco Phillips (COP) will achieve an EPS of 2.23 for the current quarter, 2.19 for the next quarter and 10.05 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 1.88 while analysts give the company a high EPS estimate of 1.88. Comparatively, EPS for the current quarter was 1.84 a year ago. Earnings per share for the fiscal year are expected to increase by 1.45%, and 11.28% over the next financial year. EPS should shrink at an annualized rate of 4.20% over the next five years, compared to 11.22% over the past 5-year period.
Looking at the support for the COP, a number of firms have released research notes about the stock. BofA Securities stated their Buy rating for the stock in a research note on June 14, 2024, with the firm’s price target at $147. Barclays coverage for the Conoco Phillips (COP) stock in a research note released on April 10, 2024 offered a Overweight rating with a price target of $158. Johnson Rice was of a view on December 14, 2023 that the stock is Hold, while Johnson Rice gave the stock Accumulate rating on November 14, 2023, issuing a price target of $135. Wolfe Research on their part issued Outperform rating on July 07, 2023.
