ConocoPhillips (COP) Offering Possible 26.58% Return Over the Next 7 Calendar Days

ConocoPhillips's most recent trend suggests a bullish bias. One trading opportunity on ConocoPhillips is a Bull Put Spread using a strike $55.00 short put and a strike $50.00 long put offers a potential 26.58% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $55.00 by expiration. The full premium credit of $1.05 would be kept by the premium seller. The risk of $3.95 would be incurred if the stock dropped below the $50.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for ConocoPhillips is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for ConocoPhillips is bullish.

The RSI indicator is at 73.24 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for ConocoPhillips

UPDATE 1-ConocoPhillips shareholders back proposal to set Scope 3 targets
Wed, 12 May 2021 01:11:01 +0000
A majority of shareholders at U.S. oil and gas producer ConocoPhillips on Tuesday voted in favor of setting emissions reduction targets that include the use of the company's fuels. Few U.S. producers have set so-called Scope 3 targets, which take into account greenhouse gas emissions from customers using the fuel they have purchased, although their European counterparts have done so. ConocoPhillips is among those that so far has outlined net-zero 2050 goals for Scope 1 emissions, which include its own operations, and Scope 2 emissions, which take into account the power generation to run its facilities.

ConocoPhillips shareholders back proposal to set Scope 3 targets
Tue, 11 May 2021 22:57:47 +0000
A majority of shareholders at U.S. oil and gas producer ConocoPhillips on Tuesday voted in favor of setting emissions reduction targets that include the use of the company's fuels. ConocoPhillips is among those that so far has outlined net-zero 2050 goals for Scope 1 emissions, which include its own operations, and Scope 2 emissions, which take into account the power generation to run its facilities. “Conoco cannot ignore this request from its shareholders,” said Mark van Baal, founder of shareholder advocacy group Follow This, which submitted the proposal.

Oil & Gas Stock Roundup: A Look at COP, EOG, PXD, MPC & WMB Q1 Earnings
Tue, 11 May 2021 11:23:11 +0000
Energy operators ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Marathon Petroleum (MPC) and The Williams Companies (WMB) turned in a better-than-expected first-quarter bottom-line performance.

Need To Know: Analysts Are Much More Bullish On ConocoPhillips (NYSE:COP)
Tue, 11 May 2021 05:30:13 +0000
Celebrations may be in order for ConocoPhillips ( NYSE:COP ) shareholders, with the analysts delivering a significant…

Was The Smart Money Right About ConocoPhillips (COP)?
Mon, 10 May 2021 18:44:42 +0000
Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors’ consensus returns have been exceptional. In the following paragraphs, we find out […]

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