When looking at valuations, ConocoPhillips (COP) has a cheap P/E of 12.7x as compared to industry average of 14.33x. It trades for 16.17 times the next 12 months of expected earnings. It is trading at rather expensive levels at just over 2.47x price/book and 2.17x price/sales. Compared to others, ConocoPhillips is in a different league with regards to profitability, having net margins of 12.4%. To put some perspective around this, the industry’s average net margin is 17.83%. COP’s ROE is 14.6%, which is considerably worse than the industry’s ROE of 18.52%. It’s very liquid in the near term, with a current ratio of 2. The stock has a debt/capital of 0.47.
ConocoPhillips (NYSE:COP) is now worth $79.47B thanks to 0.49% gain in recent trade and currently has a price tag of $67.78. The shares traded as low as $67.64 and had $68.83 an intraday high earlier Wednesday. Trading activity significantly weakened as the volume at ready counter decreased to 5,800,573 shares versus 5,965,965 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 6,072,830 shares. The stock is now 29.01% above against its bear-market low of $52.54 on February 14, 2018. It has retreated -18.38% since it’s 52-week high of $80.24 reached in October. Now the market price is up 26.91% on the year and up 8.71% YTD.
COP’s 50 day simple moving average (SMA 50) price is $65.28 and its 200-day simple moving average (SMA 200) price is $69.07. The company’s stock currently has a total float of 1.14B shares. Its weekly volatility is hovering around 2.15% and felt 2.02% volatility in price over a month. On the upside, the share price will test short term resistance at around $68.53. On a downside, the stock is likely to find some support, which begins at $67.34. The failure to get near-term support could push it to $66.89.
Separately, it has been reported that multiple insider activity took place at ConocoPhillips (COP). VP & Controller Schwarz Glenda Mae sold 18,882 shares for $17,550 in transaction occurred on 2018/09/10. After making this transaction, the VP & Controller owns a direct stake of 1,343,454 shares, worth $1,189,539, as per the last closing price. On 2018/08/22 Kelly Janet Langford, SVP & General Counsel at COP, dumped 50,000 shares at an average price of $72.37 per share. The selling total is valued at $37,897,967.
Executive Vice President, Wallette Don E Jr. had divested 59,432 shares for $54,926 through a trade on 2018/08/22. Following this activity, the insider holds 4,271,378 shares worth $3,722,884 as of recent close. Wall Street’s most bullish ConocoPhillips (NYSE:COP) analysts are predicting the share price to blow past $86 per share during the next 12 months. The current median share price forecast by them is $75, suggesting that the stock could increase 10.65% in that time frame. The average price target of $76.74 calls for a nearly 13.22% increase in the stock price.
It had seen a positive analyst call from Goldman, which upgraded the stock from Neutral to Buy on February 04. Analysts at BofA/Merrill, shed their positive views on January 04 by lowering it fromBuy to Neutral. The stock won favor of Tudor Pickering analysts who expressed their confidence in it using an upgrade from Hold to Buy on December 14. BofA/Merrill analysts came out with bullish views on October 29 when the call was made. They think the stock is now Buy compared to to their prior call for Neutral.
Shares of ConocoPhillips (COP) have gained 2.7% since the company’s last earnings report. Over the past 12 fiscal quarters, ConocoPhillips (NYSE:COP) has topped consensus earnings estimates in 9 quarters (75%), missed earnings in 2 quarters (16%), whereas at 1 occasion EPS met analyst expectations. COP last reported earnings on January 31, 2019 when it released Dec-18 results that exceeded expectations. The company raked in $1.13 per share, -90.84% change on the same period last year. That was better than consensus for $1.01. Revenue for the recent quarter stood at $10.36 billion, up 19% on last year and above the $10 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $7.79 billion to $8.9 billion, which should be compared with $8.16 billion generated last year. EPS is seen in a range of $0.56 to $1.14, against the $0.62 reported a year ago.