The trading price of Conoco Phillips (NYSE:COP) floating lower at last check on Wednesday, April 24, closing at $128.78, -0.82% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 14.20. In examining the 52-week price action we see that the stock hit a 52-week high of $135.18 and a 52-week low of $94.48. Over the past month, the stock has gained 2.02% in value.
Conoco Phillips, whose market valuation is $150.81 billion at the time of this writing. The dividend yield on the company stock is 1.69%, while its Forward Dividend ratio is 2.18. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 2.09 per share this quarter, however they have predicted annual earnings per share of 9.01 for current year and 9.76 for next year.
Analysts have forecast the company to bring in revenue of 15.1B for the current quarter, with the likely lows of 13.66B and highs of 17.01B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 59.23B.
On the technical side, indicators suggest COP has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that COP’s price is currently -1.03% off the SMA20 and 6.45% off the SMA50. The RSI metric on the 14-day chart is currently showing 56.29, and weekly volatility stands at 2.07%. When measured over the past 30 days, the indicator reaches 1.86%. Conoco Phillips (NYSE:COP)’s beta value is currently sitting at 1.25, while the Average True Range indicator is currently displaying 2.34.
To see how Conoco Phillips stock has been performing today in comparison to its peers in the industry, here are the numbers: COP stock’s performance was -0.82% at last check in today’s session, and 25.85% in the past year. Conoco Phillips has a P/E ratio of 14.20.
An evaluation of the daily trading volume of Conoco Phillips (NYSE:COP) indicates that the 3-month average is 5.42 million.
Currently, records show that 1.18 billion of the company’s shares remain outstanding. The insiders hold 0.09% of outstanding shares, whereas institutions hold 84.24%. However, since the stock’s price has seen 11.15% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
