ConocoPhillips logged a -0.5% change during today's overnight session, and is now trading at a price of $99.43 per share.
ConocoPhillips returned losses of -5.8% last year, with its stock price reaching a high of $138.49 and a low of $78.3. Over the same period, the stock underperformed the S&P 500 index by -9.0%. As of April 2023, the company's 50-day average price was $102.14. ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States and internationally. Based in Houston, TX, the large-cap Energy company has 9,600 full time employees. ConocoPhillips has offered a 5.0% dividend yield over the last 12 months.
Growing Revenues With Increasing Reinvestment in the Business:
| 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | |
|---|---|---|---|---|
| Revenue (MM) | $32,567 | $18,784 | $45,828 | $78,494 |
| Gross Margins | 28.6% | 4.5% | 32.2% | 38.2% |
| Operating Margins | 21.7% | -9.6% | 26.3% | 32.4% |
| Net Margins | 22.07% | -14.38% | 17.63% | 23.8% |
| Net Income (MM) | $7,189 | -$2,701 | $8,079 | $18,680 |
| Net Interest Income | -$1,104,000 | -$1,058,000 | -$1,126,000 | -$1,055,000 |
| Depreciation & Amort. | -$6,090,000 | -$5,521,000 | -$7,208,000 | -$7,504,000 |
| Earnings Per Share | $6.4 | -$2.51 | $6.07 | $12.49 |
| EPS Growth | n/a | -139.22% | 341.83% | 105.77% |
| Diluted Shares (MM) | 1,124 | 1,078 | 1,328 | 1,210 |
| Free Cash Flow (MM) | $4,468 | $87 | $11,672 | $18,155 |
| Capital Expenditures (MM) | -$6,636 | -$4,715 | -$5,324 | -$10,159 |
| Net Current Assets (MM) | -$18,551 | -$20,703 | -$29,205 | -$27,077 |
| Current Ratio | 2.4 | 2.25 | 1.34 | 1.46 |
| Long Term Debt (MM) | $14,790 | $14,750 | $18,734 | $16,226 |
| Net Debt / EBITDA | 0.59 | 3.65 | 0.71 | 0.28 |
ConocoPhillips has growing revenues and increasing reinvestment in the business and low leverage. Additionally, the company's financial statements display a strong EPS growth trend and generally positive cash flows. However, the firm has slimmer gross margins than its peers. Finally, we note that ConocoPhillips has average net margins with a positive growth rate and just enough current assets to cover current liabilities.
ConocoPhillips's Valuation Is in Line With Its Sector Averages:
ConocoPhillips has a trailing twelve month P/E ratio of 8.2, compared to an average of 7.54 for the Energy sector. Based on its EPS guidance of $10.01, the company has a forward P/E ratio of 10.2. The 9.4% compound average growth rate of ConocoPhillips's historical and projected earnings per share yields a PEG ratio of 0.87. This suggests that its shares are undervalued. In contrast, ConocoPhillips is likely overvalued compared to the book value of its equity, since its P/B ratio of 2.52 is higher than the sector average of 1.68. The company's shares are currently trading 40.8% above their Graham number.
ConocoPhillips Has an Average Rating of Buy:
The 25 analysts following ConocoPhillips have set target prices ranging from $92.0 to $165.0 per share, for an average of $131.2 with a buy rating. As of April 2023, the company is trading -22.1% away from its average target price, indicating that there is an analyst consensus of strong upside potential.
ConocoPhillips has a very low short interest because 0.9% of the company's shares are sold short. Institutions own 82.8% of the company's shares, and the insider ownership rate stands at 0.14%, suggesting a small amount of insider investors. The largest shareholder is the Vanguard Group, Inc., whose 9% stake in the company is worth $11,181,419,078.
