ConocoPhillips (NYSE: COP) closed the day trading at $96.40 up 1.22% from the previous closing price of $95.24. In other words, the price has increased by $+1.16 from its previous closing price. On the day, 10110979 shares were traded. COP stock price reached its highest trading level at $96.50 during the session, while it also had its lowest trading level at $91.53.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
Sponsored
Ratios:
For a better understanding of COP, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.91 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.60. For the most recent quarter (mrq), Quick Ratio is recorded 1.40 and its Current Ratio is at 1.50. In the meantime, Its Debt-to-Equity ratio is 0.35 whereas as Long-Term Debt/Eq ratio is at 0.34.
Upgrades & Downgrades
On January 17, 2023, Scotiabank Downgraded its rating to Sector Perform which previously was Sector Outperform and also lowered its target price recommendation from $145 to $140.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 22 when WALKER R A bought 4,800 shares for $103.00 per share. The transaction valued at 494,400 led to the insider holds 27,600 shares of the business.
WALKER R A bought 1,200 shares of COP for $123,600 on Feb 22. The Director now owns 6,900 shares after completing the transaction at $103.00 per share. On Feb 17, another insider, WALKER R A, who serves as the Director of the company, bought 4,800 shares for $104.50 each. As a result, the insider paid 501,600 and bolstered with 22,800 shares of the company.
Valuation Measures:
As of this moment, ConocoPhillips’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.62, and their Forward P/E ratio for the next fiscal year is 8.78. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.70. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.52 while its Price-to-Book (P/B) ratio in mrq is 2.49.
Stock Price History:
Over the past 52 weeks, COP has reached a high of $137.63, while it has fallen to a 52-week low of $76.71. The 50-Day Moving Average of the stock is 112.27, while the 200-Day Moving Average is calculated to be 110.49.
Shares Statistics:
Over the past 3-months, COP traded about 6.39M shares per day on average, while over the past 10 days, COP traded about 6.53M shares per day. A total of 1.24B shares are outstanding, with a floating share count of 1.22B. Insiders hold about 0.10% of the company’s shares, while institutions hold 83.40% stake in the company. Shares short for COP as of Jan 30, 2023 were 10.96M with a Short Ratio of 12.24M, compared to 9.56M on Dec 29, 2022. Therefore, it implies a Short% of Shares Outstanding of 0.90% and a Short% of Float of 0.90%.
Dividends & Splits
COP’s forward annual dividend rate is 5.34, up from 1.69 a year ago. Against a Trailing Annual Dividend Yield of 1.77%, it implies a Forward Annual Dividend Yield of 2.11%. The stock’s 5-year Average Dividend Yield is 2.50. The current Payout Ratio is 34.20% for COP, which recently paid a dividend on Apr 13, 2023 with an ex-dividend date of Feb 12, 2023. Stock splits for the company last occurred on Apr 30, 2012 when the company split stock in a 1311791:1000000 ratio.
Earnings Estimates
Current recommendations for the stock of the company come from 20 analysts. On average, analysts expect EPS of $2.57 for the current quarter, with a high estimate of $3.96 and a low estimate of $2, while EPS last year was $3.27. The consensus estimate for the next quarter is $2.69, with high estimates of $4.32 and low estimates of $2.02.
Analysts are recommending an EPS of between $17.24 and $8.18 for the fiscal current year, implying an average EPS of $11.35. EPS for the following year is $11.25, with 20 analysts recommending between $16.42 and $5.38.
Revenue Estimates
7 analysts predict $15.96B in revenue for the current quarter. It ranges from a high estimate of $17.6B to a low estimate of $13.73B. As of the current estimate, ConocoPhillips’s year-ago sales were $19.29B, an estimated decrease of -17.20% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $16.48B, a decrease of -25.00% less than the figure of -$17.20% in the same quarter last year. There is a high estimate of $18.02B for the next quarter, whereas the lowest estimate is $14.16B.
A total of 7 analysts have provided revenue estimates for COP’s current fiscal year. The highest revenue estimate was $72.99B, while the lowest revenue estimate was $57.8B, resulting in an average revenue estimate of $67.45B. In the same quarter a year ago, actual revenue was $82.16B, down -17.90% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $68.9B in the next fiscal year. The high estimate is $80.9B and the low estimate is $60.35B. The average revenue growth estimate for next year is up 2.20% from the average revenue estimate for this year.
