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- 1 The year-to-date return of ConocoPhillips stock is 3.96% while the three-month return is 18.05%.
- 2 ConocoPhillips stock price trades above the major 20, and 50 daily moving averages.
- 3 ConocoPhillips (NYSE: COP) stock’s 52-week price range is $91 – $130.
ConocoPhillips is a global oil and gas company with operations in various regions. It produces and sells crude oil, natural gas, and other energy products. It has oil sands, unconventional plays, and exploration activities. It was founded in 1875 and is headquartered in Houston, Texas.
At press time, the ConocoPhillips stock price was $121.17 with an intraday gain of 1.62%. The stock’s average volume for the last 10 days is 4.538 million and its current volume is 3.445 million.
The COP stock has a float of 1.196 Billion shares and a market cap of $145.1 Billion. The ConocoPhillips stock’s earnings per share (EPS) for the trailing twelve months (TTM) is 10.42 and its price-to-earnings ratio (P/E) for the same period is 11.85.
The COP stock’s dividend yield for the TTM is 3.75% and its last dividend payment was $0.60 per share. The last ex-dividend date was September 27th, 2023 and its payout ratio is 50.88%.
The ConocoPhillips stock has shown an increase in dividend every year. The dividend in the last five years grew from $1.16 to $4.99 per share. This indicates that the company is strong and reliable in terms of its fundamentals and financials and has a long-term potential for growth in its share price.
The latest quarterly report for the period ending June 2023 showed a revenue of $12.37 Billion, a net income of $2.22 Billion, and a profit margin of 17.98%. The next quarter’s revenue is estimated to be $14.466 Billion.
The ConocoPhillips stock’s most recent quarterly balance sheet for the period ending June 2023 showed total assets of $89.61 Billion and total liabilities of $42.07 billion.
COP stock reported an EPS of $1.84 for the second quarter, missed the analysts’ estimate of $1.92 by 4.44%. The next quarter’s EPS is estimated to be $2.045.
ConocoPhillips will announce its financial results for the third quarter of 2023 on Tuesday, October 31st, 2023.
COP Stock Price Technical Analysis in 1-D Timeframe
The ConocoPhillips stock has shown a remarkable performance in its share price over the past years, with a major bullish run that started in March 2020 from $20 and reached its all-time high of $138 by November 7th, 2022. However, after hitting the peak, the COP stock experienced some profit-taking and entered a narrowing channel, showing consolidation on the charts.
COP stock has tested both trend lines multiple times, unsuccessfully, and ended up trapped in a converging range. The latest attempt from the $100 support level saw the price rising up to $120 where it faced strong resistance. The upcoming dividend date is near and may help the stock on the chart to show some positivity, and if it breaks above the trendline, it might surpass its all-time high as well.
Major moving averages are highlighting bullish outlook at press time. The MACD is highlighting a lean histogram and RSI is at 53. Overall, indicators suggest the stock is consolidating.
The ratings for ConocoPhillips stock are very positive. It is highly recommended by 26 analysts who have evaluated it in the last three months. The 1-year price forecasts for ConocoPhillips stock by 23 analysts range from $160 to $107, with a high potential for growth.
Summary
ConocoPhillips (NYSE: COP) chart indicates that the traders and investors of the COP stock price are bullish on the 1-D time frame. The technical analysis tools of ConocoPhillips stock price are giving consolidation outlooks to continue. The EMA, RSI, and MACD highlight consolidation signals. The price action shows a consolidation to bullish outlook at the time of publishing.
Technical Levels
Support levels: $118 and $115
Resistance levels: $123 and $126
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
