Drilling Down Into ConocoPhillips (COP)

ConocoPhillips (COP) is an interesting player in the Basic Materials space, with a focus on Independent Oil & Gas. The stock has been active on the tape, currently trading at $69.62, up from yesterday’s close by 0.27%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

ConocoPhillips (COP) currently trades with a market capitalization of $82.14 Billion. That value represents a market adjusting for revenues that have been growing by 16.03 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $2.53 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.95 on a per share basis this quarter. Perhaps, that suggests something about why 0.26% of the outstanding share supply is held by institutional investors.



Technical Analysis

It’s important to check the technicals to get a sense of how COP has been acting. Looking at the stock’s movement on the chart, ConocoPhillips recorded a 52-week high of $71.71. It is now trading 2.09% off that level. The stock is trading $66.77 its 50-day moving average by -2.85%. The stock carved out a 52-week low down at $42.26.

In recent action, ConocoPhillips (COP) has made a move of -0.67% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.57, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.82% with $1.17 Billion sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of COP.

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