Recent meaningful negative changes in fundamentals have impacted Conocophillips (NYSE: COP): significant quarterly sales deceleration occurred, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
Conocophillips (NYSE: COP) suffers from notable negative changes in investment behavior: the stock fell on very heavy volume.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Conocophillips has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Conocophillips has a slightly positive Appreciation Score of 62 but a poor Power Rating of 21, leading to the Negative Value Trend Rating.
Recent Price Action
On 11/25/24, Conocophillips (NYSE: COP) stock suffered a large decline of -5.1%, closing at $106.10. Moreover, exceptionally high trading volume at 336% of normal accompanied the decline. The stock has declined -5.5% during the last week and has been weak relative to the market over the last nine months.
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