NYSE:COP

ConocoPhillips - COP Stock Forecast, Price & News

$108.11

-3.19 (-2.87%)

(As of 02/3/2023 12:00 AM ET)

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Today's Range: $107.76
▼
$112.39
50-Day Range: $108.11
▼
$124.65
52-Week Range: $78.30
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$138.49

Volume: 13.50 million shs
Average Volume: 5.02 million shs
Market Capitalization: $134.71 billion

P/E Ratio: 7.45
Dividend Yield: 1.89%
Price Target: $137.95

Institutional Ownership

ConocoPhillips MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.80 Rating Score
Upside/Downside: 27.6% Upside
$137.95 Price Target
Short Interest: Healthy
0.80% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -9.27
Upright™ Environmental Score
News Sentiment: 0.33
Based on 35 Articles This Week
Insider Trading: Selling Shares
$2.02 M Sold Last Quarter
Proj. Earnings Growth: -2.03%
From $11.81 to $11.57 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.00 out of 5 stars

Oils/Energy Sector

18th out of 237 stocks

Petroleum Refining Industry

1st out of 19 stocks

4.4

Analyst's Opinion

Consensus Rating
ConocoPhillips has received a consensus rating of Buy. The company's average rating score is 2.80, and is based on 15 buy ratings, 3 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $137.95, ConocoPhillips has a forecasted upside of 27.6% from its current price of $108.11.
Amount of Analyst Coverage
ConocoPhillips has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
0.80% of the float of ConocoPhillips has been sold short.
Short Interest Ratio / Days to Cover
ConocoPhillips has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in ConocoPhillips has recently increased by 4.29%, indicating that investor sentiment is decreasing.

3.3

Dividend Strength

Dividend Yield
ConocoPhillips pays a meaningful dividend of 1.89%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
ConocoPhillips has been increasing its dividend for 6 years.
Dividend Coverage
The dividend payout ratio of ConocoPhillips is 14.06%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, ConocoPhillips will have a dividend payout ratio of 17.63% next year. This indicates that ConocoPhillips will be able to sustain or increase its dividend.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
ConocoPhillips has received a -157.67% net impact score from Upright. The largest negative impact of ConocoPhillips in category "GHG emissions" seems to be driven mostly by its "Refined natural gas", "Crude oil", and "Crude natural gas" products. See details.
Environmental Sustainability
The Environmental Impact score for ConocoPhillips is -9.27.

3.0

News and Social Media Coverage

News Sentiment
ConocoPhillips has a news sentiment score of 0.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.47 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 35 news articles for ConocoPhillips this week, compared to 12 articles on an average week.
Social Mentions This Week
MarketBeat has tracked 2 reddit mentions for ConocoPhillips this week, compared to 0 mentions on an average week.
Search Interest
96 people have searched for COP on MarketBeat in the last 30 days. This is an increase of 85% compared to the previous 30 days.
MarketBeat Follows
55 people have added ConocoPhillips to their MarketBeat watchlist in the last 30 days. This is an increase of 77% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, ConocoPhillips insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,024,294.00 in company stock.
Percentage Held by Insiders
Only 0.08% of the stock of ConocoPhillips is held by insiders.
Percentage Held by Institutions
81.76% of the stock of ConocoPhillips is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for ConocoPhillips are expected to decrease by -2.03% in the coming year, from $11.81 to $11.57 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of ConocoPhillips is 7.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.69.
Price to Earnings Ratio vs. Sector
The P/E ratio of ConocoPhillips is 7.45, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 44.57.
Price to Earnings Growth Ratio
ConocoPhillips has a PEG Ratio of 0.51. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
ConocoPhillips has a P/B Ratio of 2.81. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About ConocoPhillips (NYSE:COP) Stock

ConocoPhillips is a US-based muti-national energy company. ConocoPhillips is a diversified and integrated energy company with operations in all energy industry segments. In 2021, it was ranked the 8th largest petroleum company by market cap and was #156 on the Forbes Fortune 500 list. Regarding the global economy, it is the world’s 574th largest business, with operations in 13 countries. It is one of 5 remaining companies from Standard Oil’s split up and is the result of decades of mergers and acquisitions.

The company’s earliest origins are in 1875 with the birth of Continental Oil and Transportation Company, Conoco. The company grew quickly with the industrial revolution and the widening usage of Kerosene, among other petroleum products, for heating and lighting. By 1885 it had become part of the Standard Oil family of companies, a time in which it also saw explosive growth.

Assets related to the original Conoco were sold to oil exploration leader E.W. Marland and were later remerged following Standard’s demise. By 1929, the company was an independent and fully integrated energy company specializing in crude and derivative products. Phillips Petroleum Company was founded in 1917 as an oil exploration company that quickly expanded into diversified operations. The company hit the big times upon the discovery of natural gas in the Texas panhandle and it saw explosive growth in the war and post-war periods of the early and mid-20th century.

Today, ConocoPhillips explores for, develops and produces crude oil, natural gas, natural gas liquids and bitumen across a diversified portfolio of assets. The company also transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), natural gas liquids and their derivative products through a global network of distributors.

The company’s operations span the conventional and tight oil markets, including shale gas, heavy oil, oil sands and other petroleum-related businesses. As of late 2022, the company had more than 6.1 billion barrels of proven oil and oil-equivalent reserves and was producing 1.731 million barrels of crude and equivalents per day. Roughly 50% of operations are centered in the crude oil market while less than 40% are natural gas, with the remainder made up of LNG and bitumen (asphalt).

The company's portfolio includes conventional, unconventional plays in North America, Europe, Asia and Australia. Assets are primarily located in Alaska (about 33% of US production), Eagle Ford, the Permian Basin, the Bakken, the Gulf of Mexico and the Anadarko Basin. Revenue topped $45.8 billion in 2021 and the company employs about 9,900 worldwide. Exploratory operations are underway in Columbia and Chile where the opportunity for both scale and flexibility is present.

ConocoPhillips was the first major oil company to adopt the Paris Climate Accord and pledge to achieve net-zero scope 1 and scope 2 emissions by 2050. Areas of focus include increasing operational efficiencies, supporting the reduction of end-use pollutants and advancing low-carbon alternatives, including hydrogen production and fuel cells.

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COP Stock News Headlines

January 23, 2023 | marketbeat.com

Energy Surge: Four Oil-And-Gas Stocks Setting Up In Bullish Bases (COP)

The energy sector is bouncing back after a red-hot 2022, with stocks including ConocoPhillips, EOG, HF Sinclair, and Phillips 66 boasting strong price action.

January 12, 2023 | marketbeat.com

Will Oil Stocks Once Again Lead The Market As Inflation Eases? (COP)

Better-than-expected inflation data, and optimism about China, sent oil stocks higher Thursday. The S&P large-cap energy sector was the biggest gainer.

February 5, 2023 | Investor Place Media (Ad)

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February 4, 2023 | americanbankingnews.com

ConocoPhillips (NYSE:COP) Shares Gap Down on Disappointing Earnings

February 3, 2023 | seekingalpha.com

ConocoPhillips: Earnings Trend Reversal

February 3, 2023 | americanbankingnews.com

Q1 2023 Earnings Estimate for ConocoPhillips (NYSE:COP) Issued By Capital One Financial

February 3, 2023 | americanbankingnews.com

Roth Capital Reaffirms Buy Rating for ConocoPhillips (NYSE:COP)

February 2, 2023 | fool.com

ConocoPhillips (COP) Q4 2022 Earnings Call Transcript

February 5, 2023 | Investor Place Media (Ad)

Cash Holders STILL Aren't Taking Steps to Prepare