ConocoPhillips stock: buy or sell

COP stock price: $45.12 -5.74% At close on Jan 15th, 2021

Updated on:
Jan 18th, 2021

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ConocoPhillips stock brief

  • ConocoPhillips stock sank -5.74% to close at $45.12 on the stock market last Friday.
  • Price is drawing a scaled uptrend since last October with higher tops and higher bottoms. This uptrend marked a 63.89% gain
  • Barclays, KeyCorp and Scotiabank posted neutral ratings for ConocoPhillips last Thursday, with an average target of $54.33
  • ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide.

Should I buy ConocoPhillips stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $COP stock a buy?

Currently, ConocoPhillips stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $COP will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell ConocoPhillips stock?

"To sell or not to sell", if you are holding ConocoPhillips stock?. Just as when we have to buy shares, determining when is appropiate time to sell is not a haphazard decision, and we must adhere our own trading strategy. When selling, as well as buying, detailed strategies are very simple to use but are only applicable for selling stocks in your porfolio, not for selling short ConocoPhillips stock

As a rule of thumb, you should never keep a trading operation that shows a losses greater than those expected at the time of the buy. When to sell shares should always be ruled by the stop-loss (automatic or manual)

Is it time to sell ConocoPhillips stock?

In the current situation of ConocoPhillips there is not any eligible sell setup, so ConocoPhillips stock holders with operations in profit can keep their positions

ConocoPhillips ratings

In the last month, 6 ratings were published for ConocoPhillips. General sentiment is bullish, with 4 out of 6 publishing optimistic forecasts

ConocoPhillips analysts' ratings - Last 30 days
Brokerage firmRating
Dec 31st, 2020
Truist Strong buy
Jan 7th, 2021
KeyCorp Buy
Jan 12th, 2021
Mizuho NeutralStrong buy
Jan 14th, 2021
Barclays
KeyCorp Buy
Scotiabank

ConocoPhillips stock analysis

Since last October, ConocoPhillips has been drawing an uptrend that so far marked a gorgeous 63.89%. The price action shows higher highs and lows, and along the way gave very few buy points for those who wanted to enter. Latest pullback was in late December, when price bounced at $38.77. Currently, it moves in a consolidation between its last top ($48.29) and its last bottom ($38.77)

SMAs overview

COP stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $45.24 (0.27% above)
  • R2: $45.36 (0.53% above)
  • R3: $45.54 (0.93% above)
  • The current supports are:

  • S1: $45.09 (-0.07% below)
  • S2: $44.95 (-0.38% below)
  • S3: $44.91 (-0.47% below)
  • Bollinger bands

    Since the price surpassed the upper band last Thursday, the price dropped by 6.56%

    COP stock Bollinger Bands chart

    Relative strength index

    After breaking above the overbought zone yesterday, dropped back below with a reading of 58.85. This is a weak signal for the ConocoPhillips shares and it must raise our awarness of weakness in the price action

    COP stock RSI chart

    ConocoPhillips stock price history

    ConocoPhillips started trading on Dec 31st, 1981 priced at $1.19 per share1. Since then, COP stock surged by 3,691.60%, with an average of 94.66% per year. If you had invested $1,000USD in ConocoPhillips stock on Dec 1981, it would worth $37,915.97 today.

    1: Adjusted price after possible price splits or reverse-splits

    COP stock price history chart

    Price target for ConocoPhillips stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis predicting how a stock will performance in the future.

    The following table shows the price target posted by analysts in the last 30 days. If you are a small investor you should not invest based on these forecasts.

    Averaging all price targets exposed below, the forecasted price for ConocoPhillips stock is $52.00. That is a 15.25% than the last price ($45.12).

    ConocoPhillips stock price predictions
    Brokerage firmPrice target
    Dec 31st, 2020
    Truist $40.00$48.00
    Jan 7th, 2021
    KeyCorp $44.00$45.00
    Jan 12th, 2021
    Mizuho $36.00$56.00
    Jan 14th, 2021
    Barclays $55.00$59.00
    KeyCorp $45.00$48.00
    Scotiabank $45.00$56.00

    Earnings and financials

    Last October, ConocoPhillips ($COP) reported EPS for that missed Market expectations. Quarterly EPS was $-0.31 per share from an estimated $-0.28. This Q3 report means an earnings surprise of -10.71%. Sales resulted of $4.4 billion compared to $4.9 billion forecasted by analysts.

    Same quarter one year ago, reported EPS was $0.82, so current EPS is a decrease of -137.80%. Sales collapsed a -45.05% on an annualized basis in the , from $80.5B to $44.2B last quarter.

    ConocoPhillips ($COP) is posting financial report next Tuesday. Market predicts of $-0.19, compared to Q3 that made $-0.31.

    ConocoPhillips performance

    COP performance compared
    Company1m3m6m
    ConocoPhillips ($COP) 5.30% 29.60% 14.30%

    Disclaimer:
    The thoughts contained in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this paper does not know the individual circumstances of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are posted for learning reasons only

    ConocoPhillips summary

    Friday, January 15th, 2021
    Open$47.28
    Close$45.12
    Day range$44.53 - $47.28
    Previous close$47.87
    Session gain-5.74%
    Average true range$2.14
    50d mov avg$40.44
    100d mov avg$36.95
    200d mov avg$38.20
    Earnings dateFebruary 2nd, 2021

    Frequently asked questions

    What is ConocoPhillips stock symbol?

    ConocoPhillips is a public company trading in the US stock market with the COP symbol

    Is ConocoPhillips stock a buy or sell?

    ConocoPhillips received 6 ratings in the last 30 days: 4 bullish, 0 bearish and 0 neutral.

    Will COP go up?

    ConocoPhillips had different price forecasts issued by market analysts in the last 30 days forecasting the target price to $52.00. That is a 15.25% than the last price ($45.12).