Trade-Ideas LLC identified

ConocoPhillips

(

COP

) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified ConocoPhillips as such a stock due to the following factors:

  • COP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $825.2 million.
  • COP traded 20,194 shares today in the pre-market hours as of 9:12 AM.
  • COP is up 4.9% today from yesterday's close.

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More details on COP:

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids worldwide. The stock currently has a dividend yield of 8.7%. Currently there are 7 analysts that rate ConocoPhillips a buy, 1 analyst rates it a sell, and 6 rate it a hold.

The average volume for ConocoPhillips has been 10.6 million shares per day over the past 30 days. ConocoPhillips has a market cap of $42.2 billion and is part of the basic materials sector and energy industry. The stock has a beta of 1.03 and a short float of 3.3% with 2.05 days to cover. Shares are down 24.3% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates ConocoPhillips as a

hold

. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity.

Highlights from the ratings report include:

  • COP, with its decline in revenue, slightly underperformed the industry average of 36.5%. Since the same quarter one year prior, revenues fell by 39.9%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • Despite currently having a low debt-to-equity ratio of 0.56, it is higher than that of the industry average, inferring that management of debt levels may need to be evaluated further. Regardless of the somewhat mixed results with the debt-to-equity ratio, the company's quick ratio of 0.83 is weak.
  • Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 42.82%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 166.41% compared to the year-earlier quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
  • The gross profit margin for CONOCOPHILLIPS is currently lower than what is desirable, coming in at 29.54%. It has decreased significantly from the same period last year. Along with this, the net profit margin of -14.74% is significantly below that of the industry average.
  • Net operating cash flow has significantly decreased to $1,934.00 million or 53.73% when compared to the same quarter last year. In addition, when comparing the cash generation rate to the industry average, the firm's growth is significantly lower.

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