Stocks of Conoco Phillips (NYSE:COP) traded higher last session on Wall Street, up 1.31% to $123.51.
COP stock price is now 9.99% away from the 50-day moving average and 8.56% away from the 200-day moving average. The market capitalization of the company currently stands at $145.30B.
On November 14, 2023, Johnson Rice recently initiated its ‘Accumulate’ rating on the stock quoting a target price of $135, while ‘Wolfe Research’ rates the stock as ‘Outperform’
In other news, DELK CHRISTOPHER P., Vice President, Controller sold 8,505 shares of the company’s stock on Feb 22 ’24. The stock was sold for $953,070 at an average price of $112.06. Upon completion of the transaction, the Vice President, Controller now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 21 ’24, Executive Vice President Macklon Dominic E. sold 23,372 shares of the business’s stock. A total of $2,621,696 was realized by selling the stock at an average price of $112.17. A total of 0.09% of the company’s stock is owned by insiders.
During the past 12 months, Conoco Phillips has had a low of $91.51 and a high of $127.12. As of last week, the company has a debt-to-equity ratio of 0.40, a current ratio of 1.43, and a quick ratio of 1.29. The fifty day moving average price for COP is $112.62 and a two-hundred day moving average price translates $114.33 for the stock.
The latest earnings results from Conoco Phillips (NYSE: COP) was released for Dec, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $2.4, beating analysts’ expectations of $2.09 by 0.31. This compares to $2.67 EPS in the same period last year. The net profit margin was 19.50% and return on equity was 22.47% for COP. The company reported revenue of $15.31 billion for the quarter, compared to $19.26 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -20.53 percent. For the current quarter, analysts expect COP to generate $14.92B in revenue.
