ConocoPhillips stock trades under the ticker COP & has recently cooled off a bit after a bullish summer, making it worth examining for an entry point for traders & investors.
COP stock closed at $108.63/share on 9/6/2022.
ConocoPhillips COP Stock’s Technical Performance Broken Down
COP Stock Price: $108.63
10 Day Moving Average: $110.30
50 Day Moving Average: $95.70
200 Day Moving Average: $91.97
Yesterday, COP stock completed a bearish MACD crossover, settling just below its 10 day moving average.
Recent volumes have been about average, and their RSI is still overbought, signaling that there may be a near-term entry-point for investors & traders to take advantage of into weakness.
COP has support at the $106.99 & $105.75/share levels, as they look to break above the $112 & $115.47 resistance levels.
ConocoPhillips COP Stock As A Long-Term Investment
Long-term focused investors will like COP stock’s 9.1 P/E (ttm), but may find that their 2.8 P/B (mrq) is a bit rich for their liking.
They recently reported 123.7% Quarterly Revenue Growth Y-o-Y, with 146.1% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more thorough review, with $8.18B of Total Cash (mrq) & $16.97B of Total Debt (mrq).
COP stock pays a 2.1% dividend, which appears stable in the long-term, as their payout ratio is 24.83%.
81.81% of COP stock’s outstanding share float is owned by institutional investors.
ConocoPhillips COP Stock As A Short-Term Trade Using Options
Short-term focused traders can use options to profit from price movements in COP stock, while protecting their portfolio from broader market volatility.
I am looking at the contracts with the 9/16 expiration.
The $105, $108 & $104 call options are all in-the-money, listed from highest to lowest level of open interest.
The $112, $110 & $109 puts are also all in-the-money, listed from most to least liquid strike.
Tying It All Together
COP stock has many interesting characteristics that traders & investors are sure to find appealing.
Investors will like their dividend & valuation metrics, but may want to look closer into their balance sheet before investing.
Traders will like their current technical performance & the liquidity of their options.
All-in-all, it is worth taking a closer look into COP stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF COP STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***