Are Odds In Favor Of ConocoPhillips Stock?

+31.03%
Upside
84.64
Market
111
Trefis
COP: ConocoPhillips logo
COP
ConocoPhillips

The coronavirus pandemic has taken another turn with the Omicron variant, putting brakes on the sharp economic recovery observed in the third quarter. On November 26, the S&P 500 fell by 2.3% and WTI benchmark dropped to $70/bbl after WHO’s announcement. Consequently, the shares of ConocoPhillips (NYSE: COP) declined by 5% as demand worries returned. At an annual dividend of $1.84 per share and a stock price of $71, COP’s current dividend yield stands at 2.6%. Thus, the stock remains a good pick for investors looking for economic returns. Amid the new variant scare, the OPEC and non-OPEC nations will meet on December 2 to discuss plans on further easing of production curtailments after the oil consuming countries indicated utilizing reserves to lower surging prices.

So is ConocoPhillips stock likely to decline further in the coming weeks and months or is a recovery looking more likely? Per the Trefis machine learning engine which analyzes historical stock price movements, COP stock has a 50% chance of a rise over the next month (21 trading days). See our analysis ConocoPhillips Stock Chance of Rise for more details.

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Five Days: COP -1.7%, vs. S&P 500 -2.3%; Outperformed market (26% event probability)

  • ConocoPhillips stock declined 1.7% over a five-day trading period ending 11/26/2021, compared to the broader market (S&P500) which declined 2.3% over the same period.
  • A change of -1.7% or lower over 5-day period in 666 times out of 2515 (26%); Stock rose in the next 5 days in 360 of these 666 instances (54%)

Ten Days: COP -0.9%, vs. S&P 500 -1%; Outperformed market (40% event probability)

  • ConocoPhillips stock declined 0.9% over the last ten trading days (two weeks), compared to the broader market (S&P500) which declined by 1%.
  • A change of -0.9% or lower over 10-day period in 1015 times out of 2515 (40%); Stock rose in the next 10 days in 510 of these 1015 instances (50%).

Twenty-One Days: COP -4%, vs. S&P 500 1.1%; Underperformed market (28% event probability)

  • ConocoPhillips stock declined 4% over the last twenty-one trading days (about one month), compared to the broader market (S&P500) which rose by 1.1%.
  • Returns of -4% or lower over 21-day period in 708 times out of 2515 (28%); Stock rose in the next 21 days in 357 of these 708 instances (50%)

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.

Returns Nov 2021
MTD [1]
2021
YTD [1]
2017-21
Total [2]
COP Return -4% 79% 43%
S&P 500 Return 1% 22% 105%
Trefis MS Portfolio Return -3% 46% 297%

[1] Month-to-date and year-to-date as of 11/29/2021
[2] Cumulative total returns since 2017

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