Conoco Phillips (NYSE: COP) Is Up 11.67% So Far This Year. Analysts Expect A Significant Price Rally

Conoco Phillips (NYSE:COP) price is hovering lower on Wednesday, April 17, dropping -0.12% below its previous close.

A look at today’s price movement shows that the recent level at last check reads $129.53. The company’s P/E ratio in the trailing 12-month period read 14.27. Taking into account the 52-week price action we note that the stock hit a 52-week high of $135.18 and 52-week low of $94.48. The stock added 7.58% on its value in the past month.

Conoco Phillips, which has a market valuation of $152.20 billion. The company stock has a Forward Dividend ratio of 2.17, while the dividend yield is 1.68%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give COP a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 50% Buy.

The overview shows that COP’s price is at present 0.51% off the SMA20 and 8.51% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 61.77, with weekly volatility standing at 2.17%. The indicator jumps to 1.69% when calculated based on the past 30 days. Conoco Phillips (NYSE:COP)’s beta value is holding at 1.25, while the average true range (ATR) indicator is currently reading 2.20.

An analysis of the Conoco Phillips (NYSE:COP) stock in terms of its daily trading volume indicates that the 3-month average is 5.54 million.

Current records show that the company has 1.18B in outstanding shares. The insiders’ percentage holdings are 0.09% of outstanding shares while the percentage share held by institutions stands at 83.86%. But the 11.67% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.

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