ConocoPhillips Stock Remains A Good Energy Sector Bet

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ConocoPhillips (NYSE:COP) Last year, production grew while maintaining a low capital expenditure plan to generate better returns. Looking at higher benchmark prices, the company pointed to an increase in capital expenditure despite volatility in oil markets due to multiple waves of the pandemic and an uncertain demand environment. After witnessing a sharp decline, Brent rose to a high of $85/bbl, driven by favorable macroeconomic conditions and lackluster demand in October 2021. COP revenue The profitability ratio depends on the benchmark oil prices due to its variability. The Brent benchmark rose from $54 in 2017 to $71 in 2018, slightly lower in 2019 at $63, and subsequently declined to $41 in 2020. COP reported operating cash flow margins of 22%, 33%, 30% and 25%. 2017, 2018, 2019 and 2020, respectively. Considering the company’s aggressive capital allocation strategy and rising production in the US, Trefis believes the stock is a good bet in the oil and gas industry.

Below you will find the ConocoPhillips . Get our previous coverage of
COP
Stock where you can track our view over time.

[Updated 2021/11/29] – Odds are in favor of ConocoPhillips stock?

Putting the brakes on the sharp economic recovery seen in the third quarter, the coronavirus pandemic has taken another turn with the Omicron edition. After the WHO announcement, the S&P 500 fell 2.3% on 26 November and the WTI benchmark fell to $70/bbl. As a result, shares of ConocoPhillips (NYSE:COP) Demand declined 5% as concerns came back. At an annual dividend of $1.84 per share and a stock price of $71, COP’s current dividend yield is 2.6%. Thus, the stock remains a good option for investors looking for economic returns. Amid fears of a new version, OPEC and non-OPEC nations will meet on December 2 to discuss plans to further ease production cuts after oil-consuming countries indicated they were using reserves to slash prices. Will be

So is ConocoPhillips stock likely to decline further in the coming weeks and months, or does a recovery appear more likely? According to the Trefis machine learning engine, which analyzes historical stock price movements, the COP stock has a 50% chance of a rise in the next month (21 trading days). View our analysis ConocoPhillips Stock Growth Potential for more information.

Day Five: COP -1.7%, versus the S&P 500 -2.3%; Outstanding market (26% chance of occurrence)

  • ConocoPhillips Stock 1.7% drop in the five-day trading period ended 11/26/2021 compared to the broader market (S&P500), which fell 2.3% over the same period.
  • change of -1.7% or less over a 5-day period in 666 times out of 2515 (26%); Out of these 666 cases (54%), the stock increased in 360 in the next 5 days.

Day ten: COP -0.9%, versus the S&P 500 -1%; Outstanding market (40% chance of occurrence)

  • ConocoPhillips Stock 0.9% drop Compared to the broader market (S&P500), it declined 1% over the past ten trading days (two weeks).
  • Change of -0.9% or less in 1015 bars out of 2515 (40%) over a 10-day period; Out of these 1015 cases (50%), 510 increased the stock over the next 10 days.

Twenty-one days: COP -4%, versus the S&P 500 1.1%; Underperforming market (28% chance of occurrence)

  • ConocoPhillips Stock refused 4% Compared to the broader market (S&P500), it gained 1.1% over the past twenty one trading days (about a month).
  • Returns of -4% or less in the 21-day period to 708 times out of 2515 (28%); Out of these 708 cases (50%), 357 stocks increased in the next 21 days.

What if you’re looking for a more balanced portfolio instead? here is one high quality portfolio It has consistently outperformed the market since the end of 2016.

Return January 2022

mtd [1] 2022

YTD [1] 2017-22

Total [2] COP Return 16% 16% 67% S&P 500 Return -2% -2% 109% Trefis MS Portfolio Returns -4% -4% 276% [1] month-to-date and year-to-date as of 1/12/2022

[2] Cumulative total return since the end of 2016

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