ConocoPhillips ($COP) Stock Forecast: Down 6.4% Today

What is ConocoPhillips?

ConocoPhillips (COP) operates in the energy sector, focusing on oil and natural gas exploration and production. Today, the stock saw a significant downward movement.

Why is ConocoPhillips going down?

COP stock is down 6.4% on Apr 10, 2025 17:21

• ConocoPhillips (COP) gained 10.7% in the last session, but the current trend in earnings estimates may not support further increases, resulting in profit-taking and a bearish market trend today.
• Market uncertainties linked to tariffs may have contributed to the downward movement, despite a strong balance sheet from the company.
• The options market dynamics indicate a negative sentiment among major financial players regarding ConocoPhillips, with a significant portion of traders showing bearish inclinations that could impact the stock's performance.
• The recommended hold strategy for EOG Resources in the same sector, driven by favorable oil prices, may have indirectly shed light on the challenges faced by companies like ConocoPhillips in dealing with commodity price fluctuations, which could have influenced today's bearish movement.

COP Price Chart

COP Technical Analysis

COP News

ConocoPhillips ( COP ) Surges 10.7%: Is This an Indication of Further Gains?

ConocoPhillips (COP) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

https://www.zacks.com/stock/news/2443513/conocophillips-cop-surges-107-is-this-an-indication-of-further-gains

Can EOG & COP Weather the Tariff-Induced Market Uncertainty?

Both EOG Resources and ConocoPhillips can lean on their strong balance sheet during uncertain times.

https://www.zacks.com/stock/news/2442603/can-eog-cop-weather-the-tariff-induced-market-uncertainty

Will ConocoPhillips ( COP ) Beat Estimates Again in Its Next Earnings Report?

ConocoPhillips (COP) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

https://www.zacks.com/stock/news/2442100/will-conocophillips-cop-beat-estimates-again-in-its-next-earnings-report

A Closer Look at ConocoPhillips's Options Market Dynamics - ConocoPhillips ( NYSE:COP )

Financial giants have made a conspicuous bearish move on ConocoPhillips. Our analysis of options history for ConocoPhillips COP revealed 20 unusual trades. Delving into the details, we found 35% of traders were bullish, while 50% showed bearish tendencies.

https://www.benzinga.com/insights/options/25/04/44649759/a-closer-look-at-conocophillipss-options-market-dynamics

Here's Why Hold Strategy is Apt for EOG Resources Stock Now

Favorable oil prices are aiding EOG. However, as an upstream company, it is highly exposed to extreme volatility in commodity prices.

https://www.zacks.com/stock/news/2440507/heres-why-hold-strategy-is-apt-for-eog-resources-stock-now

Trending Today

Sui ($SUI) Crypto Forecast: Up 8.8% Today

Aave ($AAVE) Crypto Forecast: Up 5.1% Today

Bonk ($BONK) Crypto Forecast: Down 5.2% Today

Memecoin ($MEME) Crypto Forecast: Up 6.0% Today

Horizen ($ZEN) Crypto Forecast: Up 5.0% Today

ZCash ($ZEC) Crypto Forecast: Up 5.5% Today

Arbitrum ($ARB) Crypto Forecast: Up 7.8% Today

EigenLayer ($EIGEN) Crypto Forecast: Up 6.0% Today

Ethereum ($ETH) Crypto Forecast: Up 5.8% Today

Toncoin ($TON) Crypto Forecast: Up 5.7% Today

ConocoPhillips Price History

04.02.2025 - COP Stock was down 8.4%

• The drop in COP's stock price is linked to the recent decrease in oil prices, which fell to multi-year lows due to production increases by OPEC. This decline had a direct impact on energy companies like COP.
• Additionally, the detection of bearish options activity on ConocoPhillips also played a role in pushing the stock lower, with significant investors expressing a negative outlook on its future performance.
• Despite the short-term volatility seen in COP, the company's core fundamentals remain strong, suggesting that this downturn might be an opportunity for investors with a long-term perspective to consider buying.

03.03.2025 - COP Stock was down 6.3%

• The potential $1 billion sale of Oklahoma oil and gas assets by ConocoPhillips indicates a strategic shift towards focusing on key U.S. basins, which might have raised concerns among investors about the company's future growth prospects.
• Despite a slight 0.67% positive movement in the stock price, the overall sentiment seems to have been overshadowed by the news of asset divestitures, leading to a bearish trend for the day.
• The historical outperformance of ConocoPhillips over the past 5 years, with an average annual return of 27.24%, could have set high expectations among investors, making any strategic changes or divestitures a cause for concern and potential market reaction.

06.10.2024 - COP Stock was up 5.3%

• Today, ConocoPhillips (COP) saw a notable increase in the market, for the following reasons:
• Q3 earnings exceeded expectations, with an adjusted EPS of $1.78.
• A dividend raise of 34% to $0.78 per share was announced, reflecting robust financial performance and outlook.
• Despite leading to layoffs for cost-efficiency, the acquisition deal with Marathon Oil is viewed as a strategic move to enhance performance and potentially increase free cash flow, as noted by analysts.
• Positive investor sentiment towards COP, including dividend increases and buyback expansions, bolstered confidence and drove up the stock price.

07.00.2025 - COP Stock was up 1.1%

• ConocoPhillips (COP) experienced a strong bullish movement today, outperforming the market.
• The bullish trend could be attributed to being highlighted by top Wall Street analysts for its dividend-paying potential in the long term.
• Additionally, the resilience of COP in the volatile oil market of 2025 might have attracted investors seeking stability and growth opportunities.
• Despite the market dipping, COP managed to gain, showcasing its strength and potential for investors looking for steady returns in the energy sector.

31.09.2024 - COP Stock was up 5.8%

• ConocoPhillips (COP) reported strong Q3 earnings, with adjusted EPS beating expectations, leading to a bullish movement in the stock.
• The company's revenue may have missed consensus, but the positive earnings surprise and operational performance, including operating cash flow of $5.8 billion, contributed to the stock's upward momentum.
• Investors were likely encouraged by ConocoPhillips' dividend boost, buyback expansion, and overall positive outlook for its upstream activities, amidst a favorable commodity pricing environment.
• The market's positive reaction to ConocoPhillips' earnings suggests that investors are optimistic about the company's future performance and strategic initiatives, driving the stock higher despite broader market conditions.

04.03.2025 - COP Stock was down 10.1%

• COP's stock plunged 10.2% in a day, reflecting the high exposure of upstream companies like EOG and CVX to the volatility in oil and gas prices.
• The evaluation of selling Oklahoma assets worth $1 billion indicates COP's strategic move to streamline its operations and focus on key U.S. basins, potentially causing uncertainty among investors.
• Despite a minor 0.67% increase in stock price, the overall sentiment seems bearish due to the broader industry challenges and market volatility affecting COP's operations.

25.10.2024 - COP Stock was down 2.5%

• Large investors engaging in negative options activity may have influenced the recent downturn in ConocoPhillips stock, suggesting a lack of confidence in the company's short-term outlook.
• Despite the positive impact of favorable oil prices on the company's financials, fluctuations in commodity prices remain a risk factor that could have contributed to the stock's decline.
• Current recommendations advise caution when dealing with ConocoPhillips stock, reflecting uncertainties about the company's future performance in the face of market conditions and volatile commodity prices.

09.03.2025 - COP Stock was up 7.9%

• Despite tariff-induced market uncertainty, both EOG Resources and ConocoPhillips are leveraging their strong balance sheets to navigate through challenging times.
• Speculation is high on ConocoPhillips beating earnings estimates in the upcoming quarterly report, supported by its impressive earnings surprise history.
• The options market for ConocoPhillips showed a mix of bullish and bearish sentiments, with financial giants making a notable bearish move on the stock.
• While EOG Resources benefits from favorable oil prices, its exposure to extreme volatility in commodity prices poses a risk, similar to other upstream companies like ConocoPhillips.
• The plunge in ConocoPhillips' stock price could be attributed to the inherent volatility in oil and gas prices, impacting its upstream operations and echoing concerns seen in other energy companies like EOG and Chevron.

10.03.2025 - COP Stock was down 6.4%

• ConocoPhillips (COP) gained 10.7% in the last session, but the current trend in earnings estimates may not support further increases, resulting in profit-taking and a bearish market trend today.
• Market uncertainties linked to tariffs may have contributed to the downward movement, despite a strong balance sheet from the company.
• The options market dynamics indicate a negative sentiment among major financial players regarding ConocoPhillips, with a significant portion of traders showing bearish inclinations that could impact the stock's performance.
• The recommended hold strategy for EOG Resources in the same sector, driven by favorable oil prices, may have indirectly shed light on the challenges faced by companies like ConocoPhillips in dealing with commodity price fluctuations, which could have influenced today's bearish movement.

31.02.2025 - COP Stock was up 2.6%

• Today, ConocoPhillips (COP) experienced a strong bullish movement in the market. Here's a witty assessment of what might have caused this surge:
• The company has consistently outperformed the market over the past 5 years, showcasing strong growth and stability in its operations.
• Despite market volatility and gas price fluctuations, ConocoPhillips has managed to maintain a positive trajectory, attracting investors' confidence.
• The recent increase in ConocoPhillips' stock price could be attributed to its robust long-term business outlook, offsetting potential company-specific risks.
• Investors seem optimistic about ConocoPhillips' performance, driving the stock price higher and indicating a positive sentiment towards the company's future prospects.

03.02.2025 - COP Stock was down 4.9%

• Heavy bearish options activity by significant investors suggests a pessimistic outlook on ConocoPhillips.
• The increase in bearish trades could indicate concerns about the company's future performance or industry headwinds.
• The options market sentiment might be reflecting broader economic uncertainties or specific challenges faced by ConocoPhillips in the energy sector.

04.03.2025 - COP Stock was down 9.1%

• The bearish movement in ConocoPhillips' stock can be attributed to the overall volatility in oil and gas prices, which directly impacts the company's upstream operations.
• The options market dynamics also revealed a notable bearish sentiment among financial giants, with a majority of trades showing a pessimistic outlook on COP.
• The news of ConocoPhillips evaluating the sale of Oklahoma assets to raise funds for strategic realignment might have added to the negative sentiment, signaling potential restructuring and divestitures.
• While favorable oil prices have been benefiting companies like EOG Resources, ConocoPhillips' specific exposure to the volatile nature of commodity prices likely contributed to the stock's sharp decline.