ConocoPhillips Stock Hits New 52-Week High (COP)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- ConocoPhillips (NYSE: COP) hit a new 52-week high Monday as it is currently trading at $62.06, above its previous 52-week high of $62.05 with 1.1 million shares traded as of 9:41 a.m. ET. Average volume has been 7.1 million shares over the past 30 days.

ConocoPhillips has a market cap of $74.53 billion and is part of the basic materials sector and energy industry. Shares are up 6.8% year to date as of the close of trading on Friday.

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids on a worldwide basis. The company has a P/E ratio of 10.4, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates ConocoPhillips as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins, good cash flow from operations, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full ConocoPhillips Ratings Report.

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