ConocoPhillips to Post Q1 2024 Earnings of 1.95 Per Share, Zacks Research Forecasts - MarketBeat
| COPH34 Stock | BRL 48.68 2.20 4.32% |
About 61% of ConocoPhillips' investor base is looking to short. The analysis of current outlook of investing in ConocoPhillips suggests that many traders are alarmed regarding ConocoPhillips' prospects. The current market sentiment, together with ConocoPhillips' historical and current headlines, can help investors time the market. In addition, many technical investors use ConocoPhillips stock news signals to limit their universe of possible portfolio assets.
ConocoPhillips |
ConocoPhillips to Post Q1 2024 Earnings of 1.95 Per Share, Zacks Research Forecasts MarketBeat
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ConocoPhillips Fundamental Analysis
We analyze ConocoPhillips' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ConocoPhillips using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ConocoPhillips based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Z Score
Z Score Comparative Analysis
ConocoPhillips is rated third in z score category among its peers. Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
ConocoPhillips Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ConocoPhillips stock to make a market-neutral strategy. Peer analysis of ConocoPhillips could also be used in its relative valuation, which is a method of valuing ConocoPhillips by comparing valuation metrics with similar companies.
Peers
ConocoPhillips Related Equities
| PRIO3 | Petro Rio | 1.49 | ||||
| RECV3 | Petroreconcavo | 1.08 | ||||
| H1ES34 | H1ES34 | 0.28 | ||||
| OXYP34 | Occidental Petroleum | 0.83 | ||||
| D1VN34 | Devon Energy | 0.92 | ||||
| E1OG34 | EOG Resources | 2.07 | ||||
| A1PA34 | APA | 2.15 | ||||
| COPH34 | ConocoPhillips | 4.32 |
Complementary Tools for ConocoPhillips Stock analysis
When running ConocoPhillips' price analysis, check to measure ConocoPhillips' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ConocoPhillips is operating at the current time. Most of ConocoPhillips' value examination focuses on studying past and present price action to predict the probability of ConocoPhillips' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ConocoPhillips' price. Additionally, you may evaluate how the addition of ConocoPhillips to your portfolios can decrease your overall portfolio volatility.
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