The market has been high on ConocoPhillips (COP) stock recently. COP gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
ConocoPhillips has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on COP!
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With COP Stock Today?
ConocoPhillips (COP) stock has risen 1.12% while the S&P 500 is down -0.26% as of 1:38 PM on Wednesday, Oct 5. COP is up $1.29 from the previous closing price of $115.63 on volume of 5,421,458 shares. Over the past year the S&P 500 has fallen -12.08% while COP is up 63.55%. COP earned $12.14 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 9.61.
More About ConocoPhillips
ConocoPhillips is a U.S.-based independent exploration and production firm. In 2021, it produced 1.0 million barrels per day of oil and natural gas liquids and 3.2 billion cubic feet per day of natural gas, primarily from Alaska and the Lower 48 in the United States and Norway in Europe and several countries in Asia-Pacific and the Middle East. Proven reserves at year-end 2021 were 6.1 billion barrels of oil equivalent.
Click Here to get the full Stock Report for ConocoPhillips stock.