ConocoPhillips Analysts Are Bullish On This Oil and Gas Stock Now
| COP Stock | USD 89.69 0.72 0.80% |
Slightly above 61% of ConocoPhillips' investor base is looking to short. The current sentiment of investing in ConocoPhillips suggests that many traders are alarmed. ConocoPhillips' investing sentiment overview a quick insight into current market opportunities from investing in ConocoPhillips. Many technical investors use ConocoPhillips stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
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We recently compiled a list of the Top 10 Oil and Gas Stocks To Buy According to Analysts. In this article, we are going to take a look at where ConocoPhillips stands against the other oil...
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ConocoPhillips Fundamental Analysis
We analyze ConocoPhillips' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ConocoPhillips using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ConocoPhillips based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Price To Earnings To Growth
Price To Earnings To Growth Comparative Analysis
ConocoPhillips is currently under evaluation in price to earnings to growth category among its peers. PEG Ratio indicates the potential value of an equity instrument and is calculated by dividing Price to Earnings (P/E) ratio into earnings growth rate. Most analysts and investors prefer this measure to a Price to Earnings (P/E) ratio because it incorporates the future growth of a firm. The low PEG ratio usually implies that an equity instrument is undervalued; whereas PEG of 1 may indicate that an equity is reasonably priced under given expectations of future growth.
ConocoPhillips Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ConocoPhillips stock to make a market-neutral strategy. Peer analysis of ConocoPhillips could also be used in its relative valuation, which is a method of valuing ConocoPhillips by comparing valuation metrics with similar companies.
Peers
ConocoPhillips Related Equities
| CTRA | Coterra Energy | 1.55 | ||||
| APA | APA | 0.40 | ||||
| PR | Permian Resources | 0.53 | ||||
| HES | Hess | 0.56 | ||||
| FANG | Diamondback Energy | 0.72 | ||||
| OXY | Occidental Petroleum | 0.97 | ||||
| EOG | EOG Resources | 1.20 | ||||
| DVN | Devon Energy | 1.59 |
Additional Tools for ConocoPhillips Stock Analysis
When running ConocoPhillips' price analysis, check to measure ConocoPhillips' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ConocoPhillips is operating at the current time. Most of ConocoPhillips' value examination focuses on studying past and present price action to predict the probability of ConocoPhillips' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ConocoPhillips' price. Additionally, you may evaluate how the addition of ConocoPhillips to your portfolios can decrease your overall portfolio volatility.