How to Buy Conocophillips Stock
Conocophillips
Conocophillips is a oil and gas company located in Texas, United States, which is part of the Energy sector, and is traded under the ticker COP on the NYSE exchange.
Conocophillips stock last closed at $95.43, down 1.03% from the previous day, and has decreased 8.71% in one year. It has underperformed other stocks in the Oil & Gas E&P industry by 0.04 percentage points. Conocophillips stock is currently +21.88% from its 52-week low of $78.30, and -31.09% from its 52-week high of $138.49.
As of Mar 24, 2023, there are 1.22B shares of COP outstanding. The market cap of COP is $116.31B. In the last 24 hours, 8.39M COP shares were traded.
How to Buy Conocophillips Stock
Wondering how to invest in Conocophillips stock? Here's how.
- Choose where to buy Conocophillips stock: You need to choose a stock brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you choose where to buy Conocophillips stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Fund your brokerage account: Select your method of payment and add your info.
- Evaluate Conocophillips stock: The Conocophillips ticker symbol is COP. Is Conocophillips stock a good investment? Should you buy shares of COP? How do COP's underlying business fundamentals look? Do top analysts think Conocophillips is a good buy? Why has COP's stock price moved recently? (Hint: Our stock research tools can help you decide if COP is a good stock to buy).
- Execute your COP buy order: Decide if you will purchase COP shares at the current market price or use a limit order to buy COP stock at a specific price.
- Get the latest news on your investment in COP: Create a watchlist to key updates about your position in Conocophillips stock.
Step 1: Choose where to buy Conocophillips stock
You need a brokerage account to access the NYSE market and buy COP shares.
Our preferred brokerage: eToro
Based on our research, eToro is the best online stock brokerage. eToro gives you:
- You can invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still invest in the stock.
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- Social investing: eToro boasts a community with more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your share purchase by signing up for an account with eToro now.
Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen the best brokerage, the next step is to fill out some personal details so you can buy COP stock today.
How to Start a New Brokerage Account on eToro
- Click here to get started.
- Input your personal info to start a new trading account.
- Send your information by pressing the "Create Account" button.
Step 3: Fund your brokerage account
Now that you have finished signing up on the best stock broker app, you can securely and quickly fund your account:
Watch the tutorial below for more details transferring money into your brokerage account.
Step 4: Evaluate Conocophillips stock
After you have figured out the best place to buy Conocophillips stock, it's important to analyze their stock before you buy, so you truly comprehend the risk and opportunity.
Conocophillips Metrics
COP Fundamentals
WallStreetZen was designed to help everyday investors do more accurate fundamental analysis in less time.
You can see all of the due diligence checks on COP's stock page.
What is the fair value of COP stock?
Investors use many financial metrics, analyses, models, and charts to gauge COP's intrinsic value.
Using relative valuations ratios:
- COP could be overvalued based on its P/E ratio of 6.53x, relative to Oil & Gas E&P industry P/E ratio of 6.49x
- COP may be overvalued based on its P/B ratio of 2.42x, relative to Oil & Gas E&P industry P/B ratio of 1.84x
You can access more valuation research on COP's stock here.
COP Financial Health
Passed Health Checks:
- COP's operating cash flow of $28.31B allows it to safely service it's debt of $16.64B.
- COP profit margin has gone up from 16.7% to 22.7% in the past year.
- Total COP debt is lower than 5 years ago, relative to shareholder equity.
- COP earnings of $29.03B is not sufficient to cover its interest payments.
- There are more short-term assets than short-term liabilities on the COP balance sheet.
Failed Health Checks:
- COP has a relatively high debt to equity ratio of 0.96.
- There are more long-term liabilities than short-term assets on the COP balance sheet.
Is COP stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 19 sell side analysts who monitor COP, the consensus analyst rating on Conocophillips is a Strong Buy
Please note that analyst forecasts are not recommendations, nor are they financial advice.
Most Recent COP Analyst Recommendations
Jeanine Wai, a bottom 5% analyst from Barclays maintains COP with a strong buy rating and lowers their COP price target from $160.00 to $141.00, on Mar 23, 2023.
Maintaining her Strong Buy rating, Wai lowered her price target on ConocoPhillips Company by 11.9%.
Although "bears want to roll forward" the Capex thesis* to 2024 and beyond, ConocoPhillips' durable cash returns, competitive payout yield, and getting past the Willow project's hump "carry far more weight," the analyst told investors.
* From here: ConocoPhillips' FY 2022 Capex was $10.2B. Management's Capex guidance for FY 2023 is $10.7B to $11.3B.
Alastair Syme, a top 26% analyst from Citigroup maintains COP with a strong buy rating and lowers their COP price target from $160.00 to $145.00, on Feb 27, 2023.
Phillips Johnston, a top 34% analyst from Capital One Financial downgrades COP to a hold rating and announces their COP price target of $102.00, on Feb 3, 2023.
Neal Dingmann, a top 3% analyst from Truist Securities maintains COP with a strong buy rating and raises their COP price target from $148.00 to $151.00, on Feb 3, 2023.
William Janela, a top 3% analyst from Credit Suisse maintains COP with a buy rating and lowers their COP price target from $145.00 to $140.00, on Feb 3, 2023.
You can dive deeper into what analysts are saying on the Conocophillips stock forecast page.
COP Technical Indicators
Is COP Growing Revenue?
Last year, COP earnings were $18.68B. In the past 4 year, COP's earnings have increased by 28.51% per year. This was slower than the Oil & Gas E&P industry average of 62.41%.
Last year, COP revenue was $82.16B. During the last 5 year, COP's revenue has gone up by 20.32% per year. This was slower than the Oil & Gas E&P industry average of 33.73%.
Find out more about COP's earnings and revenue performance here.
What are COP insiders up to?
In the last 12 months, insiders at COP have sold more shares than they have bought.
R. A. Walker, Director of COP, was the latest COP insider to buy. They bought $494,400.00 worth of COP shares on Feb 22, 2023.
Learn more about who owns COP shares here.
Does COP provide a stable income stream?
Conocophillips pays a dividend of 5.28%, compared to the Oil & Gas E&P industry's average dividend yield of 5.4%. If you owned $1,000 worth of COP stock, you would have been paid $52.81 last year.
Conocophillips dividend payments have not consistently grown over the past decade and have not remained stable.
Find more data about Conocophillips dividend yield and history here.
What do other traders have to say about COP?
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Execute your COP buy order
There are two main options:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually fine. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a given price, use a limit order.
Press the Open Trade button and eToro will execute your order.
If you require more help investing in stocks on eToro, watch the how to video below:
Step 6: Get the latest news on your investment in COP
Now that you own some COP stock, you'll want to stay up-to-date on your new company.
Make a watchlist to get notified of important updates regarding your COP stock.
COP Feed
How to Buy Stock in Conocophillips
To summarize, here are the 6 steps to buy stock in Conocophillips:
- Choose where to buy Conocophillips stock
- Open your brokerage account
- Fund your brokerage account
- Evaluate Conocophillips stock
- Execute your COP buy order
- Get the latest news on your investment in COP
If you are looking for a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to track your new investment in Conocophillips, add COP to your watchlist below.
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