Stock Rating Downgrade
The Value Trend Rating for Conocophillips (NYSE: COP) weakened during the last several trading days from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Conocophillips (NYSE: COP) stock closed at $104.56 on 10/25/24 after a slight gain of 0.2%. However, unusually low trading volume at 59% of normal accompanied the advance. The stock has declined -1.5% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, COP is expected to continue to be a major Value Builder.
Conocophillips has a current Value Trend Rating of D (Negative). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Conocophillips has a slightly positive Appreciation Score of 62 but a poor Power Rating of 24, resulting in the Negative Value Trend Rating.
Be the first to comment