Gains May Be On The Menu For Conoco Phillips (NYSE: COP)

Currently, there are 1.29B common shares owned by the public and among those 1.29B shares have been available to trade.

The company’s stock has a 5-day price change of -3.48% and -0.20% over the past three months. COP shares are trading -11.34% year to date (YTD), with the 12-month market performance down to -8.18% 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 6.94 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 -5.62%, -5.63%, and -10.15% respectively.

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Institutional ownership of Conoco Phillips (NYSE: COP) shares accounts for 74.88% of the company’s 1.29B shares outstanding.

It has a market capitalization of $132.41B and a beta (3y monthly) value of 1.18. The stock’s trailing 12-month PE ratio is 12.15, while the earnings-per-share (ttm) stands at $8.42. The company has a PEG of 1.74 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 2.24% over the week and 2.22% over the month.

Earnings per share for the fiscal year are expected to decrease by -12.36%, and 3.34% over the next financial year. EPS should shrink at an annualized rate of 7.00% 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. Evercore ISI stated their Outperform rating for the stock in a research note on December 06, 2024, with the firm’s price target at $165. JP Morgan coverage for the Conoco Phillips (COP) stock in a research note released on December 05, 2024 offered a Overweight rating with a price target of $123. Wolfe Research was of a view on July 18, 2024 that the stock is Outperform, while BofA Securities gave the stock Buy rating on June 14, 2024, issuing a price target of $147. Barclays on their part issued Overweight rating on April 10, 2024.

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