Value Hunters: Look To Conoco Phillips (COP)

Currently, there are 1.18B common shares owned by the public and among those 1.15B shares have been available to trade.

The company’s stock has a 5-day price change of 1.31% and 1.20% over the past three months. COP shares are trading -4.17% year to date (YTD), with the 12-month market performance down to -3.79% lower. It has a 12-month low price of $101.29 and touched a high of $134.71 over the same period. COP has an average intraday trading volume of 6.34 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 3.17%, 2.73%, and -3.09% respectively.

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Institutional ownership of Conoco Phillips (NYSE: COP) shares accounts for 83.69% of the company’s 1.18B shares outstanding.

It has a market capitalization of $127.34B and a beta (3y monthly) value of 1.19. The stock’s trailing 12-month PE ratio is 13.14, while the earnings-per-share (ttm) stands at $8.42. The company has a PEG of 2.19 and a Quick Ratio of 1.16 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 2.02% over the week and 1.77% over the month.

Earnings per share for the fiscal year are expected to decrease by -11.72%, and 5.74% over the next financial year. EPS should shrink at an annualized rate of 6.00% 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. Wolfe Research stated their Outperform rating for the stock in a research note on July 18, 2024, with the firm’s price target at $145. BofA Securities coverage for the Conoco Phillips (COP) stock in a research note released on June 14, 2024 offered a Buy rating with a price target of $147. Johnson Rice on their part issued Accumulate rating on November 14, 2023.

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