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Sergey Savastiouk's Avatar
published in Blogs
May 04, 2020
ConocoPhillips (COP, $39.72) gets re-iterated 'buy' from Goldman Sachs

ConocoPhillips (COP, $39.72) gets re-iterated 'buy' from Goldman Sachs

ConocoPhillips  got a reiterated  buy rating from a Goldman Sachs analyst. The stock also got added to Goldman’s conviction list.

Analyst Neil Mehta said that micro/macro fundamentals are bottoming and that he expects ConocoPhillips to be a strong participant in the upcoming oil price upcycle, “given the level of underperformance relative to large-capitalization U.S. majors to date, as well as the company’s strong leverage to Brent [crude].".

Mehta also raised his price target to $51 from $38

Related Ticker: COP

COP in +1.23% Uptrend, advancing for three consecutive days on March 06, 2026

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where COP advanced for three days, in of 334 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for COP just turned positive on March 02, 2026. Looking at past instances where COP's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 295 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 10-day RSI Indicator for COP moved out of overbought territory on March 04, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 38 similar instances where the indicator moved out of overbought territory. In of the 38 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 68 cases where COP's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

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 74, 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 (2.219) is normal, around the industry mean (12.478). P/E Ratio (18.436) is within average values for comparable stocks, (26.716). Projected Growth (PEG Ratio) (2.912) is also within normal values, averaging (4.197). Dividend Yield (0.028) settles around the average of (0.064) among similar stocks. P/S Ratio (2.489) is also within normal values, averaging (214.180).

Notable companies

The most notable companies in this group are ConocoPhillips (NYSE:COP), Canadian Natural Resources Limited (NYSE:CNQ), EOG Resources (NYSE:EOG), Occidental Petroleum Corp (NYSE:OXY), Diamondback Energy (NASDAQ:FANG), EQT Corp (NYSE:EQT), Devon Energy Corp (NYSE:DVN), Expand Energy Corporation (NASDAQ:EXE), ANTERO RESOURCES Corp (NYSE:AR), APA Corp (NASDAQ:APA).

Industry description

The oil and gas production segment includes companies that specialize in exploration, development, and production of oil and natural gas. These companies are focused on upstream operations. Companies typically identify deposits, drill wells, and extract raw materials from underground. The industry also includes related services like rig operations, feasibility studies, machinery rentals etc. Several operators in this industry work with various types of contractors such as engineering procurement and construction contractors, as well as with joint-venture partners and oil field service companies. Oil and gas often involves large fixed costs of production; so, declining crude oil prices, for example, is a potential negative for this industry. Conoco Phillips, EOG Resources, Inc. and Pioneer Natural Resources Company are some examples of companies operating in this space.

Market Cap

The average market capitalization across the Oil & Gas Production Industry is 4.8B. The market cap for tickers in the group ranges from 3.28K to 144.53B. COP holds the highest valuation in this group at 144.53B. The lowest valued company is PSTRQ at 3.28K.

High and low price notable news

The average weekly price growth across all stocks in the Oil & Gas Production Industry was 3%. For the same Industry, the average monthly price growth was 15%, and the average quarterly price growth was 35%. TPET experienced the highest price growth at 360%, while ORXGF experienced the biggest fall at -28%.

Volume

The average weekly volume growth across all stocks in the Oil & Gas Production Industry was -34%. For the same stocks of the Industry, the average monthly volume growth was -92% and the average quarterly volume growth was -85%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 51
Price Growth Rating: 46
SMR Rating: 75
Profit Risk Rating: 73
Seasonality Score: -6 (-100 ... +100)
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COP
Daily Signal:
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published price charts
These past five trading days, the stock lost 0.00% with an average daily volume of 0 shares traded.The stock tracked a drawdown of 0% for this period. COP showed earnings on February 05, 2026. You can read more about the earnings report here.
A.I. Advisor
published General Information

General Information

a producer of wholesales oil and natural gas

Industry OilGasProduction

Profile
Fundamentals
Details
Industry
Oil And Gas Production
Address
925 North Eldridge Parkway
Phone
+1 281 293-1000
Employees
9900
Web
https://www.conocophillips.com
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