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 4.89% and -5.08% over the past three months. COP shares are trading 5.76% year to date (YTD), with the 12-month market performance down to -5.01% lower. It has a 12-month low price of $94.23 and touched a high of $134.71 over the same period. COP has an average intraday trading volume of 6.71 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 5.72%, 0.05%, and -6.32% respectively.
Institutional ownership of Conoco Phillips (NYSE: COP) shares accounts for 74.89% of the company’s 1.29B shares outstanding.
It has a market capitalization of $135.67B and a beta (3y monthly) value of 1.17. The stock’s trailing 12-month PE ratio is 12.45, while the earnings-per-share (ttm) stands at $8.42. The company has a PEG of 1.56 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 2.45% over the week and 2.05% over the month.
Analysts forecast that Conoco Phillips (COP) will achieve an EPS of 1.82 for the current quarter, 1.89 for the next quarter and 8.39 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 1.54 while analysts give the company a high EPS estimate of 1.54. Comparatively, EPS for the current quarter was 2.4 a year ago. Earnings per share for the fiscal year are expected to decrease by -12.13%, and 1.05% over the next financial year. EPS should shrink at an annualized rate of 8.00% 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. Mizuho stated their Outperform rating for the stock in a research note on December 16, 2024, with the firm’s price target at $132-$134. Morgan Stanley coverage for the Conoco Phillips (COP) stock in a research note released on December 16, 2024 offered a Overweight rating with a price target of $128. Evercore ISI was of a view on December 06, 2024 that the stock is Outperform, while JP Morgan gave the stock Overweight rating on December 05, 2024, issuing a price target of $120- $123. Wolfe Research on their part issued Outperform rating on July 18, 2024.
