ConocoPhilips (COP) to Fully Exit North Sea Basin
Following in the footsteps of Chevron (CVX, $115.72), the American multinational energy company ConocoPhilips revealed its plans to sell the remaining of its North Sea assets, Bloomberg reports. Valued at around $3 billion, the company plans to float the assets for bids by year-end, using the proceeds for ventures with higher returns in the U.S. shale or liquefied natural gas segments.
The report also indicated that the company expects the assets, which would include the remainder of it's holding in the Clair Field, to draw interest from private equity-backed companies investing in the North Sea region and from rival energy firms.
Conoco, the Houston-based energy company, had already undertaken a North Sea-for-Alaskan asset swap with BP Plc in July – wherein the company had divested its 16.5% stake in the Clair Field for an undisclosed amount, while retaining only a 7.5% interest.
Conoco is also aiming to bid on closely held oil producer Endeavor Energy Resources LP, which is expected to be valued at around $15 billion including its debt. Endeavor, in recent times, has become an attractive prospect in the Permian Basin, owing to its position in Texas and New Mexico.
COP's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for COP turned positive on March 12, 2026. Looking at past instances where COP's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where COP advanced for three days, in of 335 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 299 cases where COP Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where COP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
COP broke above its upper Bollinger Band on February 27, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. COP’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 73, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.311) is normal, around the industry mean (12.453). P/E Ratio (19.195) is within average values for comparable stocks, (26.906). Projected Growth (PEG Ratio) (3.171) is also within normal values, averaging (9.168). Dividend Yield (0.027) settles around the average of (0.063) among similar stocks. P/S Ratio (2.592) is also within normal values, averaging (168.671).
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General Information
a producer of wholesales oil and natural gas
Industry OilGasProduction
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