Last Updated: 15 Sep 2024
Executive Summary
ConocoPhillips (COP) is a global energy company with a market capitalization of $120.19 billion. The company has a strong financial position with an EBITDA of $25.02 billion and a profit margin of 18.4%. COP pays a dividend of $3.85 per share, resulting in a dividend yield of 3.03%. The company's stock is currently trading at $103.5, below its 52-week high of $133.36.
Company Overview
ConocoPhillips is an American multinational corporation engaged in hydrocarbon exploration. The company is headquartered in Houston, Texas, and has operations in over 30 countries. COP is one of the world's largest independent oil and gas companies, with a daily production of approximately 1.6 million barrels of oil equivalent.
Fundamental Analysis
COP's financial performance has been strong in recent years. The company's revenue has grown by an average of 9.9% over the past five years, and its EPS has grown by an average of 7.6%. COP has a strong balance sheet with a debt-to-equity ratio of 0.33. The company's return on assets and return on equity are both above industry averages.
Technical Analysis
COP's stock price has been in a downtrend since reaching a 52-week high of $133.36 in June 2023. The stock is currently trading below its 50-day and 200-day moving averages. The relative strength index (RSI) is also below 50, indicating that the stock is oversold.
Short Term Outlook
The technical analysis suggests that COP's stock price could continue to decline in the short term. The stock is currently trading below its key moving averages and the RSI is oversold. However, the company's strong fundamentals could provide support for the stock price.
Long Term Outlook
The long-term outlook for COP is positive. The company has a strong financial position and a track record of growth. The demand for oil and gas is expected to continue to grow in the coming years, which should benefit COP.
Analyst Recommendations
Analysts have a bullish view of COP's stock. The average analyst target price is $139.51, which represents a potential upside of 34.9% from the current price. Eight analysts have a strong buy rating on the stock, 13 have a buy rating, six have a hold rating, and none have a sell or strong sell rating.
