ConocoPhillips (COP) : On Wednesday, The money flowed into the ConocoPhillips (COP) stock with an uptick to downtick ratio was recorded at 1.21. Transactions worth $18.21 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $15.07 million. The total money flow into the stock was $3.13 million. The block trades reveal a bullish bias with an up-down ratio of 7.3. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $4.05 million of block transactions on upticks. The value of block trades on downticks was $0.55 million, indicating lower selling interest. The total money flow in block trades was $3.5 million. In terms of price action, ConocoPhillips (COP) traded down $0.03 during the session at $39.4. Compared to the previous days closing, the stock was down only by -0.08%. For the week, the stock is -1.35%, over previous weeks closing.
Shares of ConocoPhillips appreciated by 5.29% during the last five trading days but lost 0.4% on a 4-week basis. ConocoPhillips has dropped 3.37% during the last 3-month period . Year-to-Date the stock performance stands at -7.88%.
ConocoPhillips (COP) has an average broker rating of 2.13, which is interpreted as a Buy, as rated by 16 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
ConocoPhillips (NYSE:COP): The stock opened at $39.6 and touched an intraday high of $42.27 on Wednesday. During the day, the stock corrected to an intraday low of $39.12, however, the bulls stepped in and pushed the price higher to close in the green at $42.18 with a gain of 6.97% for the day. The total traded volume for the day was 13,568,367. The stock had closed at $39.43 in the previous trading session.
ConocoPhillips (ConocoPhillips) is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through six operating segments, which are primarily defined by geographic region: Alaska, Lower 48, Canada, Europe, Asia Pacific and Middle East, and Other International. The Companys continuing operations are producing in the United States, Norway, the United Kingdom, Canada, Australia, Timor-Leste, Indonesia, China, Malaysia, Qatar, Libya and Russia. The Company has major ownership interests in two of North Americas oil fields located on Alaskas North Slope: Prudhoe Bay and Kuparuk.