With 7.51 million shares changed hands, the volume of the stock remained heavier than its average volume of 6.39 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $112.7299 whereas the lowest price it dropped to was $111.13. The 52-week range on COP shows that it touched its highest point at $134.71 and its lowest point at $101.29 during that stretch. It currently has a 1-year price target of $134.83. With its current market cap of 144.36 billion, COP has annualized dividend of $2.92 while the current yield stands at 2.61%. COP paid its most recent dividend on 1731024000, while the ex-dividend date for that was 1731024000. Beta for the stock currently stands at 1.19.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of COP was down-trending over the past week, with a drop of -0.51%, but this was up by 7.07% over a month. Three-month performance dropped to -1.59% while six-month performance fell -4.51%. The stock lost -2.18% in the past year, while it has lost -3.21% so far this year. A look at the trailing 12-month EPS for COP yields 8.42 with Next year EPS estimates of 8.17. For the next quarter, that number is 1.80. This implies an EPS growth rate of -11.97% for this year and 5.83% for next year. EPS is expected to grow by 7.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 11.22%.
Float and Shares Shorts:
At present, 1.18 billion COP shares are outstanding with a float of 1.15 billion shares on hand for trading. On 2024-10-31, short shares totaled 22.36 million, which was 194.0 higher than short shares on 1727654400. In addition to Mr. Ryan M. Lance as the firm’s Chairman & CEO, Mr. William L. Bullock Jr. serves as its Executive VP & CFO.
Institutional Ownership:
Through their ownership of 0.84695 of COP’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, COP reported revenue of $13041000000.0 and operating income of $2911000000.0. The EBITDA in the recently reported quarter was $5868000000.0 and diluted EPS was $1.76.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for COP since 15 analysts follow the stock currently. There are 12 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With COP analysts setting a high price target of 151.0 and a low target of 114.0, the average target price over the next 12 months is 132.38924. Based on these targets, COP could surge 35.12% to reach the target high and rise by 2.01% to reach the target low. Reaching the average price target will result in a growth of 18.47% from current levels.
Analysts have provided yearly estimates in a range of $8.48439 being high and $7.4226 being low. For COP, this leads to a yearly average estimate of $7.7203. The surprise factor in the prior quarter was $1.95. Based on analyst estimates, the high estimate for the next quarter is $2.4 and the low estimate is $1.43. The average estimate for the next quarter is thus $1.92.
