ConocoPhillips (NYSE:COP) Stock, Quote.Headers.trade-ideas

ConocoPhillips

ConocoPhillips is a US-based independent exploration and production firm. In 2023, it produced 1.2 million barrels per day of oil and natural gas liquids and 3.1 billion cubic feet per day of natural gas, primarily from Alaska and the Lower 48 in the United States and Norway in Europe and several countries in Asia-Pacific and the Middle East. Proven reserves at year-end 2023 were 6.8 billion barrels of oil equivalent.

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ConocoPhillips shares are trading higher by 1.9% Monday afternoon. Oil stocks are rising amid the Israel-Hezbollah conflict and Libya&#39;s oil shutdown.

Why ConocoPhillips (COP) Shares Are Rising

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Oil futures spiked as WTI rose 3% to over $77/barrel, driven by geopolitical tensions in the Middle East and supply disruptions in Libya.

Oil Prices Rally As Middle East Tensions Rise, Libya Warns Of Potential Production Halt: 10 Energy Stocks On The Move Monday

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UBS analyst Josh Silverstein maintains ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) with a Buy and lowers the price target from $153 to $140.

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UBS Maintains Buy on ConocoPhillips, Lowers Price Target to $140

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Shares of oil companies are trading higher amid Gulf of Mexico disruptions and Middle East tensions, which drive possible supply uncertainty. Investors also await Fed rate cuts, which could support demand.

ConocoPhillips's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) short percent of float has risen 4.07% since its last report. The company recently reported that it has 20.75 million shares sold short, which is 1.79% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.41 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>ConocoPhillips Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726588813_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for ConocoPhillips has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing ConocoPhillips's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, ConocoPhillips's peer group average for short interest as a percentage of float is 5.91%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(COP) - Analyzing ConocoPhillips's Short Interest

Financial giants have made a conspicuous bullish move on ConocoPhillips. Our analysis of options history for ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) revealed 8 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $281,534, and 3 were calls, valued at $104,866.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $89.0 to $120.0 for ConocoPhillips over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for ConocoPhillips options trades today is 1874.4 with a total volume of 599.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for ConocoPhillips's big money trades within a strike price range of $89.0 to $120.0 over the last 30 days.
<h3>ConocoPhillips 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726497045_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>COP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$8.4</td>
<td>$6.8</td>
<td>$8.4</td>
<td>$110.00</td>
<td>$75.8K</td>
<td>3.7K</td>
<td style="text-align: right;">88</td>
</tr>
<tr>
<td>COP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$7.7</td>
<td>$6.05</td>
<td>$7.7</td>
<td>$100.00</td>
<td>$68.8K</td>
<td>753</td>
<td style="text-align: right;">88</td>
</tr>
<tr>
<td>COP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$8.4</td>
<td>$6.8</td>
<td>$6.75</td>
<td>$110.00</td>
<td>$53.5K</td>
<td>3.7K</td>
<td style="text-align: right;">87</td>
</tr>
<tr>
<td>COP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$7.7</td>
<td>$6.05</td>
<td>$6.05</td>
<td>$100.00</td>
<td>$48.4K</td>
<td>753</td>
<td style="text-align: right;">87</td>
</tr>
<tr>
<td>COP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$2.17</td>
<td>$2.07</td>
<td>$2.08</td>
<td>$104.00</td>
<td>$41.7K</td>
<td>2.3K</td>
<td style="text-align: right;">141</td>
</tr>
</tbody>
</table>

<h3>About ConocoPhillips</h3>
ConocoPhillips is a US-based independent exploration and production firm. In 2023, it produced 1.2 million barrels per day of oil and natural gas liquids and 3.1 billion cubic feet per day of natural gas, primarily from Alaska and the Lower 48 in the United States and Norway in Europe and several countries in Asia-Pacific and the Middle East. Proven reserves at year-end 2023 were 6.8 billion barrels of oil equivalent.
<h3>Where Is ConocoPhillips Standing Right Now?</h3>
<ul>
<li>With a volume of 1,159,934, the price of COP is up 1.3% at $104.85. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 45 days.</li>
</ul>
<h3>What Analysts Are Saying About ConocoPhillips</h3>
In the last month, 4 experts released ratings on this stock with an average target price of $142.25.
<ul>
<li>Maintaining their stance, an analyst from Susquehanna continues to hold a Positive rating for ConocoPhillips, targeting a price of $147. </li>
<li>An analyst from UBS persists with their Buy rating on ConocoPhillips, maintaining a target price of $153. </li>
<li>An analyst from RBC Capital has revised its rating downward to Outperform, adjusting the price target to $140. </li>
<li>An analyst from Mizuho persists with their Neutral rating on ConocoPhillips, maintaining a target price of $129. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for ConocoPhillips with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

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What the Options Market Tells Us About ConocoPhillips

Mizuho analyst Nitin Kumar maintains ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) with a Neutral and lowers the price target from $132 to $129.

Mizuho Maintains Neutral on ConocoPhillips, Lowers Price Target to $129

ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) underwent analysis by 9 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for ConocoPhillips, presenting an average target of $142.78, a high estimate of $153.00, and a low estimate of $120.00. Highlighting a 4.74% decrease, the current average has fallen from the previous average price target of $149.89. 
<img src="https://www.benzinga.com/files/images/story/2024/1726236010_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
A comprehensive examination of how financial experts perceive ConocoPhillips is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Scott Hanold</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$140.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Positive</td>
<td>$147.00</td>
<td>$154.00</td>
</tr>
<tr>
<td>Josh Silverstein</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$153.00</td>
<td>$151.00</td>
</tr>
<tr>
<td>Josh Silverstein</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$151.00</td>
<td>$159.00</td>
</tr>
<tr>
<td>Roger Read</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$150.00</td>
<td>$151.00</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$145.00</td>
<td>$147.00</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$147.00</td>
<td>$165.00</td>
</tr>
<tr>
<td>Bob Brackett</td>
<td>Bernstein</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$132.00</td>
<td>$147.00</td>
</tr>
<tr>
<td>Paul Cheng</td>
<td>Scotiabank</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$120.00</td>
<td>$135.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to ConocoPhillips. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of ConocoPhillips compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for ConocoPhillips's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
For valuable insights into ConocoPhillips's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/COP/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on ConocoPhillips analyst ratings.</a>
<h2>All You Need to Know About ConocoPhillips</h2>
ConocoPhillips is a US-based independent exploration and production firm. In 2023, it produced 1.2 million barrels per day of oil and natural gas liquids and 3.1 billion cubic feet per day of natural gas, primarily from Alaska and the Lower 48 in the United States and Norway in Europe and several countries in Asia-Pacific and the Middle East. Proven reserves at year-end 2023 were 6.8 billion barrels of oil equivalent.
<h3>ConocoPhillips's Financial Performance</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: ConocoPhillips's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 10.27%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Energy sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: ConocoPhillips's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 17.05% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 4.69%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): ConocoPhillips's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.43%, the company showcases efficient use of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.37.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Expectations For ConocoPhillips's Future

RBC Capital analyst Scott Hanold reiterates ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) with a Outperform and maintains $140 price target.

Reiteration

RBC Capital Reiterates Outperform on ConocoPhillips, Maintains $140 Price Target

<a href="https://www.wexinc.com/resources/blog/wex-expands-driverdash-app-to-thousands-of-phillips-66-conoco-and-76-locations-in-the-u-s/" title="https://www.wexinc.com/resources/blog/wex-expands-driverdash-app-to-thousands-of-phillips-66-conoco-and-76-locations-in-the-u-s/">https://www.wexinc.com/resources/blog/wex-expands-driverdash-app-to-thousands-of-phillips-66-conoco-and-76-locations-in-the-u-s/</a>

'WEX expands DriverDash app to thousands of Phillips 66, Conoco, and 76 locations in the U.S.' - Blog Post

Susquehanna analyst Biju Perincheril maintains ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) with a Positive and lowers the price target from $154 to $147.

Susquehanna Maintains Positive on ConocoPhillips, Lowers Price Target to $147

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Shares of oil and gas companies are trading lower following reports suggesting an impending deal will restart Libyan oil production and exports.

Marathon Oil Receives Stockholder Approval For Pending Merger With ConocoPhillips; Transaction Expected To Close Late In Q4 2024 Pending Regulatory Clearance And Closing Conditions

ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) has outperformed the market over the past 5 years by 2.45% on an annualized basis producing an average annual return of 16.36%. Currently, ConocoPhillips has a market capitalization of $128.91 billion. 
Buying $1000 In COP: If an investor had bought $1000 of COP stock 5 years ago, it would be worth $2,132.78 today based on a price of $111.01 for COP at the time of writing.
<h3>ConocoPhillips's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724873432_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In ConocoPhillips 5 Years Ago Would Be Worth This Much Today

ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) shares are trading higher by 2.19% to $113.84 Monday afternoon. Shares of several oil and gas companies are gaining as <a href="https://www.benzinga.com/markets/asia/24/08/40553739/oil-prices-rally-as-middle-east-tensions-rise-libya-warns-of-potential-production-halt-10-energy-sto">tensions rise</a> in the Middle East after Israel and Hezbollah fired missiles across the Lebanon border. Additionally, recent reports suggested Libya shut down oil production.
West Texas Intermediate (WTI) light crude surged 3% to over $77 per barrel on Monday morning. The price spike follows a weekend of intense conflict in the Middle East, where Hezbollah launched a large-scale assault on Israel in retaliation for the killing of a senior commander. 
The ongoing violence has stoked fears of a broader regional conflict, contributing to the rise in oil prices.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40559511/dow-jones-briefly-sets-record-highs-tech-drops-chipmakers-tumble-as-oil-prices-spike-on-ge">Dow Jones Briefly Sets Record Highs, Tech Drops, Chipmakers Tumble As Oil Prices Spike On Geopolitical Risks</a>
Libya Supply Concerns: In addition to Middle East tensions, Libya&#8217;s political and security situation has further fueled concerns about global oil supply. The Waha Oil Company, a subsidiary of the National Oil Corp and operator of a joint venture with ConocoPhillips, announced plans to cut crude production amid growing protests and pressures.
The eastern government of Libya, a rival to the Tripoli-based administration, has halted oil production and exports, exacerbating the global supply worries.
Impact On ConocoPhillips: As one of the world's largest independent exploration and production companies, ConocoPhillips stands to benefit directly from the rise in crude oil prices. The company's profitability is closely tied to the price of oil, with higher prices translating to increased revenue from its global operations. 
The supply disruptions in Libya, where ConocoPhillips has a stake through its joint venture, further amplify the potential for increased earnings as production elsewhere becomes more valuable.
Read Also: <a href="https://www.benzinga.com/news/large-cap/24/08/40558213/trudeau-announces-canadas-100-ev-tariff-on-china-for-not-playing-by-the-same-rules-ev-stocks-drop-">Trudeau Announces Canada&#8217;s 100% EV Tariff On China For &#8216;Not Playing By The Same Rules&#8217;: EV Stocks Drop To COVID-19 Lows</a>
<h2 class="wp-block-heading">Is COP A Good Stock To Buy?</h2>
An investor or trader's decision to buy or sell a stock is unique to their time horizon and risk tolerance. Many typical investors evaluate earnings growth and valuation on a particular stock before making a decision. 
For example, for ConocoPhillips, you'll notice that earnings in its last quarter grew 9.39% <a href="https://www.benzinga.com/quote/COP/earnings">source</a>. As an investor, you'll want to decide whether that's better or worse than what you'd like to see among stocks in your portfolio. 
On the valuation side, ConocoPhillips's price to earnings ratio &#8211; a measure of how much an investor pays for the company's earnings &#8211; is grown 20.3% in the current quarter when compared with last year. That places it below similar businesses EOG Resources, Hess, Diamondback Energy in its sector. You'll need to decide whether that makes it more or less attractive based on how you think the company will perform over time.
There are many different valuation metrics that may help you make a decision. Find more on <a href="https://www.benzinga.com/quote/COP">ConocoPhillips's quote page</a>, or if you'd like a deeper dive in an advanced program, try <a href="https://pro.benzinga.com">Benzinga PRO</a> for free.
COP has a 52-week high of $135.18 and a 52-week low of $102.27

INDO

Shares of oil and gas companies are trading higher as tensions rise in the Middle East after Israel and Hezbollah fired missiles across the Lebanon border. Additionally, recent reports suggested Libya shut down oil production.

Oil futures surged significantly on Monday morning, with West Texas Intermediate (WTI) light crude rising 3% to over $77 per barrel as of 9:00 a.m. ET, amid escalating geopolitical tensions in the Middle East and<a href="https://www.benzinga.com/markets/commodities"> fresh supply disruptions in Libya.</a>
This marks the third consecutive day of oil price gains after hitting their lowest levels since January on Wednesday, Aug. 21. With Monday&#8217;s increase, WTI has climbed more than 7% over the past three sessions, setting the stage for the strongest three-day rally since late March 2023.
What Happened: On Saturday, Aug. 24, the Iran-backed Lebanese militant group Hezbollah launched a large-scale assault against Israel, using rockets and drones in retaliation for the killing of senior Hezbollah commander Fuad Shukr by Israeli forces. The attack involved hundreds of rockets and at least 20 drones targeting various locations in northern Israel.
In response, Israel carried out airstrikes on multiple Hezbollah positions in southern Lebanon, hitting at least 17 sites in an effort to thwart further large-scale attacks. Israeli officials described these strikes as preemptive measures aimed at neutralizing Hezbollah&#8217;s capabilities.
The situation remained volatile on Sunday, with ongoing exchanges of fire, fueling concerns about a broader regional conflict. Israeli Prime Minister Benjamin Netanyahu warned that the strikes against Hezbollah are not &#8220;the end of the story.&#8221;
In Libya, the political and security environment has deteriorated sharply. The eastern government, a rival to the Tripoli-based administration, announced a halt to oil production and exports following a dispute over the leadership of the Central Bank, exacerbating the global supply concerns.
According to Reuters, Waha Oil Company, a subsidiary of the National Oil Corp and operator of a joint venture with ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>), announced plans to cut crude production and warned that output could come to a complete stop due to protests and pressures.
Also Read: <a href="https://www.benzinga.com/news/earnings/24/08/40548945/temu-parent-pdd-posts-86-q2-topline-growth-stock-drops-after-ceo-flags-upcoming-challenges">Temu Parent PDD Posts 86% Q2 Topline Growth, Stock Drops After CEO Flags Upcoming Challenges</a>
Why It Matters: The recent rebound in equity markets after the early August selloff was largely driven by fading fears of a U.S. recession. 
Investors also responded positively to central bankers&#8217; signals of potential interest rate cuts, as confidence grew that inflation is moving closer to the 2% target. 
However, the sudden spike in crude oil prices, driven by supply concerns, could dampen the positive investor sentiment toward risk asset and curb further disinflationary gains in the economy. 
Market Reactions: Energy-related companies saw gains in Monday&#8217;s premarket trading. 
The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) rose over 1%. Companies in the oil services sector also benefited, with the VanEck Oil Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OIH#NYSE">OIH</a>) up 1.8%. Firms in the upstream market, tracked by the SPDR S&amp;P Oil &amp; Gas Exploration and Production ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOP#NYSE">XOP</a>), were 1.3% higher.
Top premarket movers included: 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>Chg %</td>
</tr>
<tr>
<td>Sitio Royalties Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STR#NYSE">STR</a>)</td>
<td>3.8%</td>
</tr>
<tr>
<td>Talos Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TALO#NYSE">TALO</a>)</td>
<td>2.9%</td>
</tr>
<tr>
<td>Transocean Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>)</td>
<td>2.7%</td>
</tr>
<tr>
<td>Petroleo Brasileiro SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>)</td>
<td>2.2%</td>
</tr>
<tr>
<td>Helix Energy Solutions Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLX#NYSE">HLX</a>)</td>
<td>2.1%</td>
</tr>
<tr>
<td>Murphy Oil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUR#NYSE">MUR</a>)</td>
<td>1.8%</td>
</tr>
<tr>
<td>Noble Corporation plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NE#NYSE">NE</a>)</td>
<td>1.7%</td>
</tr>
<tr>
<td>EOG Resources, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OEG#NYSE">OEG</a>)</td>
<td>1.7%</td>
</tr>
<tr>
<td>Marathon Oil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRO#NYSE">MRO</a>)</td>
<td>1.5%</td>
</tr>
<tr>
<td>Devon Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>)</td>
<td>1.5%</td>
</tr>
<tr>
<td>ConocoPhillips </td>
<td>1.4%</td>
</tr>
</tbody>
</table>
</figure>
Read Next:
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</ul>
Photo: Shutterstock

In today's rapidly changing and highly competitive business world, it is imperative for investors and industry observers to carefully assess companies before making investment choices. In this article, we will undertake a comprehensive industry comparison, evaluating ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) vis-à-vis its key competitors in the Oil, Gas &amp; Consumable Fuels industry. Through a detailed analysis of important financial indicators, market standing, and growth potential, our goal is to provide valuable insights and highlight company's performance in the industry.
<h3>ConocoPhillips Background</h3>
ConocoPhillips is a US-based independent exploration and production firm. In 2023, it produced 1.2 million barrels per day of oil and natural gas liquids and 3.1 billion cubic feet per day of natural gas, primarily from Alaska and the Lower 48 in the United States and Norway in Europe and several countries in Asia-Pacific and the Middle East. Proven reserves at year-end 2023 were 6.8 billion barrels of oil equivalent.
<table>
<thead>
<tr>
<th>Company</th>
<th>P/E</th>
<th>P/B</th>
<th>P/S</th>
<th>ROE</th>
<th>EBITDA (in billions)</th>
<th>Gross Profit (in billions)</th>
<th>Revenue Growth</th>
</tr>
</thead>
<tbody>
<tr>
<td>ConocoPhillips</td>
<td>12.25</td>
<td>2.57</td>
<td>2.31</td>
<td>4.69%</td>
<td>$6.3</td>
<td>$4.26</td>
<td>10.27%</td>
</tr>
<tr>
<td>EOG Resources Inc</td>
<td>9.67</td>
<td>2.44</td>
<td>3.02</td>
<td>5.85%</td>
<td>$3.18</td>
<td>$4.23</td>
<td>10.42%</td>
</tr>
<tr>
<td>Hess Corp</td>
<td>15.85</td>
<td>4</td>
<td>3.40</td>
<td>7.44%</td>
<td>$1.85</td>
<td>$2.54</td>
<td>39.89%</td>
</tr>
<tr>
<td>Diamondback Energy Inc</td>
<td>9.92</td>
<td>1.96</td>
<td>3.69</td>
<td>4.83%</td>
<td>$1.67</td>
<td>$1.23</td>
<td>29.34%</td>
</tr>
<tr>
<td>Devon Energy Corp</td>
<td>7.90</td>
<td>2.18</td>
<td>1.79</td>
<td>6.83%</td>
<td>$1.9</td>
<td>$1.25</td>
<td>13.4%</td>
</tr>
<tr>
<td>EQT Corp</td>
<td>21.50</td>
<td>1.29</td>
<td>3.16</td>
<td>0.06%</td>
<td>$0.49</td>
<td>$0.32</td>
<td>4.31%</td>
</tr>
<tr>
<td>Coterra Energy Inc</td>
<td>13.79</td>
<td>1.35</td>
<td>3.18</td>
<td>1.68%</td>
<td>$0.76</td>
<td>$0.42</td>
<td>7.26%</td>
</tr>
<tr>
<td>Marathon Oil Corp</td>
<td>10.81</td>
<td>1.38</td>
<td>2.46</td>
<td>3.12%</td>
<td>$1.06</td>
<td>$0.7</td>
<td>12.26%</td>
</tr>
<tr>
<td>Ovintiv Inc</td>
<td>5.98</td>
<td>1.09</td>
<td>1.12</td>
<td>3.3%</td>
<td>$1.15</td>
<td>$1.29</td>
<td>-9.1%</td>
</tr>
<tr>
<td>APA Corp</td>
<td>3.02</td>
<td>1.90</td>
<td>1</td>
<td>13.47%</td>
<td>$1.62</td>
<td>$1.16</td>
<td>41.59%</td>
</tr>
<tr>
<td>Permian Resources Corp</td>
<td>10.65</td>
<td>1.19</td>
<td>1.72</td>
<td>3.07%</td>
<td>$0.89</td>
<td>$0.62</td>
<td>99.89%</td>
</tr>
<tr>
<td>Chesapeake Energy Corp</td>
<td>23.64</td>
<td>0.91</td>
<td>2</td>
<td>-2.16%</td>
<td>$0.08</td>
<td>$-0.21</td>
<td>-64.55%</td>
</tr>
<tr>
<td>Chord Energy Corp</td>
<td>7.20</td>
<td>1.04</td>
<td>1.50</td>
<td>3.05%</td>
<td>$0.53</td>
<td>$0.36</td>
<td>38.22%</td>
</tr>
<tr>
<td>Antero Resources Corp</td>
<td>103.42</td>
<td>1.20</td>
<td>2</td>
<td>-0.94%</td>
<td>$0.13</td>
<td>$0.02</td>
<td>3.86%</td>
</tr>
<tr>
<td>Range Resources Corp</td>
<td>15.16</td>
<td>1.89</td>
<td>3.11</td>
<td>0.74%</td>
<td>$0.12</td>
<td>$0.09</td>
<td>-0.0%</td>
</tr>
<tr>
<td>Matador Resources Co</td>
<td>7.18</td>
<td>1.50</td>
<td>2.08</td>
<td>5.06%</td>
<td>$0.59</td>
<td>$0.4</td>
<td>31.59%</td>
</tr>
<tr>
<td>Civitas Resources Inc</td>
<td>6.97</td>
<td>0.91</td>
<td>1.22</td>
<td>3.27%</td>
<td>$0.9</td>
<td>$0.56</td>
<td>98.73%</td>
</tr>
<tr>
<td>Murphy Oil Corp</td>
<td>9.77</td>
<td>1.06</td>
<td>1.70</td>
<td>2.4%</td>
<td>$0.43</td>
<td>$0.27</td>
<td>-1.46%</td>
</tr>
<tr>
<td>SM Energy Co</td>
<td>6.40</td>
<td>1.32</td>
<td>2.12</td>
<td>5.58%</td>
<td>$0.47</td>
<td>$0.32</td>
<td>15.9%</td>
</tr>
<tr>
<td>Magnolia Oil &amp; Gas Corp</td>
<td>12.10</td>
<td>2.55</td>
<td>3.52</td>
<td>5.36%</td>
<td>$0.24</td>
<td>$0.18</td>
<td>20.13%</td>
</tr>
<tr>
<td>Vista Energy SAB de CV</td>
<td>11.12</td>
<td>3.29</td>
<td>3.65</td>
<td>10.32%</td>
<td>$0.28</td>
<td>$0.21</td>
<td>65.55%</td>
</tr>
<tr>
<td>California Resources Corp</td>
<td>22.53</td>
<td>2.23</td>
<td>1.57</td>
<td>0.39%</td>
<td>$0.08</td>
<td>$0.22</td>
<td>-9.76%</td>
</tr>
<tr>
<td>Average</td>
<td>15.93</td>
<td>1.75</td>
<td>2.33</td>
<td>3.94%</td>
<td>$0.88</td>
<td>$0.77</td>
<td>21.31%</td>
</tr>
</tbody>
</table>
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 font-size: 14px;
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 </style>By conducting an in-depth analysis of ConocoPhillips, we can identify the following trends: 
<ul>
<li>
With a Price to Earnings ratio of 12.25, which is 0.77x less than the industry average, the stock shows potential for growth at a reasonable price, making it an interesting consideration for market participants.
</li>
<li>
It could be trading at a premium in relation to its book value, as indicated by its Price to Book ratio of 2.57 which exceeds the industry average by 1.47x.
</li>
<li>
Based on its sales performance, the stock could be deemed undervalued with a Price to Sales ratio of 2.31, which is 0.99x the industry average.
</li>
<li>
With a Return on Equity (ROE) of 4.69% that is 0.75% above the industry average, it appears that the company exhibits efficient use of equity to generate profits.
</li>
<li>
With higher Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $6.3 Billion, which is 7.16x above the industry average, the company demonstrates stronger profitability and robust cash flow generation.
</li>
<li>
Compared to its industry, the company has higher gross profit of $4.26 Billion, which indicates 5.53x above the industry average, indicating stronger profitability and higher earnings from its core operations.
</li>
<li>
The company's revenue growth of 10.27% is significantly lower compared to the industry average of 21.31%. This indicates a potential fall in the company's sales performance.
</li>
</ul>
<h3>Debt To Equity Ratio</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724425211_0.png" alt="debt to equity" />
The debt-to-equity (D/E) ratio gauges the extent to which a company has financed its operations through debt relative to equity.
Considering the debt-to-equity ratio in industry comparisons allows for a concise evaluation of a company's financial health and risk profile, aiding in informed decision-making.
When comparing ConocoPhillips with its top 4 peers based on the Debt-to-Equity ratio, the following insights can be observed:
<ul>
<li>
Compared to its top 4 peers, ConocoPhillips has a stronger financial position indicated by its lower debt-to-equity ratio of 0.37.
</li>
<li>
This suggests that the company relies less on debt financing and has a more favorable balance between debt and equity, which can be seen as a positive attribute by investors.
</li>
</ul>
<h3>Key Takeaways</h3>
For ConocoPhillips in the Oil, Gas &amp; Consumable Fuels industry, the PE ratio is low compared to peers, indicating potential undervaluation. The high PB ratio suggests a premium valuation based on its book value. A low PS ratio implies a favorable sales valuation. In terms of profitability, the high ROE, EBITDA, and gross profit reflect strong operational performance. However, the low revenue growth may indicate challenges in expanding market share compared to industry peers.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Inquiry Into ConocoPhillips's Competitor Dynamics In Oil, Gas &amp; Consumable Fuels Industry

In the preceding three months, 12 analysts have released ratings for ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>), presenting a wide array of perspectives from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $146.75, with a high estimate of $165.00 and a low estimate of $120.00. Highlighting a 3.34% decrease, the current average has fallen from the previous average price target of $151.82. 
<img src="https://www.benzinga.com/files/images/story/2024/1724162409_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
A clear picture of ConocoPhillips's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Josh Silverstein</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$153.00</td>
<td>$151.00</td>
</tr>
<tr>
<td>Josh Silverstein</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$151.00</td>
<td>$159.00</td>
</tr>
<tr>
<td>Roger Read</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$150.00</td>
<td>$151.00</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$145.00</td>
<td>$147.00</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$147.00</td>
<td>$165.00</td>
</tr>
<tr>
<td>Bob Brackett</td>
<td>Bernstein</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$132.00</td>
<td>$147.00</td>
</tr>
<tr>
<td>Paul Cheng</td>
<td>Scotiabank</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$120.00</td>
<td>$135.00</td>
</tr>
<tr>
<td>Kalei Akamine</td>
<td>B of A Securities</td>
<td>Announces</td>
<td>Buy</td>
<td>$147.00</td>
<td>-</td>
</tr>
<tr>
<td>Nitin Kumar</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$132.00</td>
<td>$142.00</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$165.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Betty Jiang</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$160.00</td>
<td>$158.00</td>
</tr>
<tr>
<td>John Freeman</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Strong Buy</td>
<td>$159.00</td>
<td>$155.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to ConocoPhillips. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of ConocoPhillips compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of ConocoPhillips's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of ConocoPhillips's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/COP/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on ConocoPhillips analyst ratings.</a>
<h2>Unveiling the Story Behind ConocoPhillips</h2>
ConocoPhillips is a US-based independent exploration and production firm. In 2023, it produced 1.2 million barrels per day of oil and natural gas liquids and 3.1 billion cubic feet per day of natural gas, primarily from Alaska and the Lower 48 in the United States and Norway in Europe and several countries in Asia-Pacific and the Middle East. Proven reserves at year-end 2023 were 6.8 billion barrels of oil equivalent.
<h3>Financial Milestones: ConocoPhillips's Journey</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: ConocoPhillips's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 10.27%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Energy sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 17.05%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): ConocoPhillips's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 4.69%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): ConocoPhillips's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.43%, the company showcases efficient use of assets and strong financial health.
Debt Management: ConocoPhillips's debt-to-equity ratio is below the industry average. With a ratio of 0.37, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>The Significance of Analyst Ratings Explained</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Unveiling 12 Analyst Insights On ConocoPhillips

UBS analyst Josh Silverstein maintains ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) with a Buy and raises the price target from $151 to $153.

UBS Maintains Buy on ConocoPhillips, Raises Price Target to $153

Marathon Oil Receives Demand Letters And Complaints From Stockholders Regarding ConocoPhillips Deal, Voluntarily Issues Additional Disclosures While Denying All Allegations

ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) has outperformed the market over the past 5 years by 2.3% on an annualized basis producing an average annual return of 15.58%. Currently, ConocoPhillips has a market capitalization of $126.26 billion. 
Buying $100 In COP: If an investor had bought $100 of COP stock 5 years ago, it would be worth $201.56 today based on a price of $108.73 for COP at the time of writing.
<h3>ConocoPhillips's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723645856_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Press Releases

ConocoPhillips announces first-quarter 2024 results, quarterly dividend and VROC

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ConocoPhillips to hold second-quarter earnings conference call on Thursday, Aug. 1

ConocoPhillips announces second-quarter 2024 results, quarterly dividend and VROC

Trace Midstream Enters the Northern Delaware Basin With the Acquisition of LM Energy's Natural Gas Gathering and Transportation Infrastructure

MARATHON OIL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Marathon Oil Corporation - MRO

Marathon Oil Receives Stockholder Approval for Proposed Merger with ConocoPhillips

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