ConocoPhillips (NYSE: COP) is 35.08% higher on its value in year-to-date trading and has touched a low of $27.53 and a high of $61.14 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The COP stock was last observed hovering at around $52.97 in the last trading session, with the day’s gains setting it 1.05% off its average median price target of $65.00 for the next 12 months. It is also 32.48% off the consensus price target high of $80.00 offered by 29 analysts, but current levels are -10.24% lower than the price target low of $49.00 for the same period.
Currently trading at $54.02, the stock is -2.90% and 7.47% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.03 million and changing 1.98% at the moment leaves the stock 30.77% off its SMA200. COP registered 82.38% gain for a year compared to 6-month gain of 64.49%. The firm has a 50-day simple moving average (SMA 50) of $54.01 and a 200-day simple moving average (SMA200) of $42.29.
The stock witnessed a 0.67% loss in the last 1 month and extending the period to 3 months gives it a 35.02%, and is 0.84% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.32% over the week and 3.35% over the month.
ConocoPhillips (COP) has around 9700 employees, a market worth around $71.62B and $18.74B in sales. Fwd P/E is 18.70. Profit margin for the company is -14.40%. Distance from 52-week low is 96.22% and -11.65% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.50%).
ConocoPhillips (COP) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for ConocoPhillips (COP) is a “Buy”. 29 analysts offering their recommendations for the stock have an average rating of 1.90, where 4 rate it as a Hold and 4 think it is a “Overweight”. 21 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
ConocoPhillips is expected to release its quarterly report on 08/05/2021 and quarterly earnings per share for the current quarter are estimated at $0.52 with sales reaching $7.76B over the same period.The EPS is expected to shrink by -139.20% this year, but quarterly earnings will post 71.30% year-over-year. Quarterly sales are estimated to grow 61.20% in year-over-year returns.
ConocoPhillips (COP) Top Institutional Holders
1,800 institutions hold shares in ConocoPhillips (COP), with 1.27M shares held by insiders accounting for 0.09% while institutional investors hold 62.57% of the company’s shares. The shares outstanding are 1.07B, and float is at 1.07B with Short Float at 1.58%. Institutions hold 62.51% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 85.76 million shares valued at $3.43 billion. The investor’s holdings represent 6.34% of the COP Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 85.3 million shares valued at $3.41 billion to account for 6.31% of the shares outstanding. The other top investors are Capital International Investors which holds 63.31 million shares representing 4.68% and valued at over $2.53 billion, while State Street Corporation holds 4.31% of the shares totaling 58.29 million with a market value of $2.33 billion.
ConocoPhillips (COP) Insider Activity
A total of 76 insider transactions have happened at ConocoPhillips (COP) in the last six months, with sales accounting for 46 and purchases happening 30 times. The most recent transaction is an insider sale by Macklon Dominic E. ,the company’sSenior Vice President. SEC filings show that Macklon Dominic E. sold 11,134 shares of the company’s common stock on Mar 02 at a price of $53.13 per share for a total of $0.59 million. Following the sale, the insider now owns 0.0 shares.
ConocoPhillips disclosed in a document filed with the SEC on May 13 that Seaton David Thomas (Director) bought a total of 2,400 shares of the company’s common stock. The trade occurred on May 13 and was made at $41.03 per share for $98472.0. Following the transaction, the insider now directly holds 2500.0 shares of the COP stock.
ConocoPhillips (COP): Who are the competitors?
The company’s main competitors (and peers) include TOTAL SE (TOT) that is trading 23.75% up over the past 12 months and Hess Corporation (HES) that is 132.90% higher over the same period. Exxon Mobil Corporation (XOM) is 52.92% up on the 1-year trading charts. Short interest in the company’s stock has risen 7.13% from the last report on Feb 11, 2021 to stand at a total of 15.62 million short shares sold with a short interest ratio of 1.57.