ConocoPhillips (NYSE:COP) current liabilities does not exceed current assets, however Quick ratio of 2.2 indicates there is surplus cash on hand to pay bills and keep going. company is unable to deliver returns with respect to its deployed capital. Firms current near term investments and other marketable securities are at 2.4 Current Ratio.
At high price movement ConocoPhillips (NYSE:COP) is attractive for near term prospects and generally not favoured by investors with a long-term outlook, and when Looking at at risk and rates of return and comparing them to the overall market, company at 1.2, is relatively stable. The company currently trades at 14.19% above from its 200 MA, as I mentioned company has a strong resistance at $45.93 level
Compared to this years growth, we forecast ConocoPhillips (NYSE:COP) growth to cool down going into the next year. valuation of the company with respect to its balance sheet strength is in positive with Price to Book at 2.13 but there might be scope for a positive analyst outlook.
ConocoPhillips (NYSE:COP) has low ROE of -7.50% representing net income over a 12-month period. MA are suggesting there is downside pressure in the market and would be interesting to watch the next few weeks for slowdown confirmation. Equity value of the company commands a value of $64890.54 ML and Has seen active investors interest boosted by strong market cap in Independent Oil & Gas industry
Currently the Basic Materials index is trading at 4340.44 with -0.18 change, The Basic Materials rally further compounded as the money flow clocked 1.61x with down tick of $1343.37mn leading to non-yielding $1345.24mn up ticks , however markets has seen a steady recovery backed by $12.74mn in block trades of which $297.87mn saw weaker sentiment, while $310.61 were positive movement