AI Trading NYSE Thu, 16 Mar
Today’s highlighted asset is COP, ConocoPhillips. Our AI strategy has demonstrated a potential return of 414.55% if trading occurred between 2020-06-05 and 2022-11-22. On average, each trade yielded a 59.22% return while having a duration of 95.0 days in the long position. In total, the strategy took 7.0 positions over the period.
The trading idea suggests COP is a STRONGBUY since 2023-03-15 with a price target of 95.24. This prediction is based on a model with an overall accuracy of 0.75 in predicting an upward trend in the following two weeks.
ConocoPhillips is an American multinational energy corporation with its headquarters located in Houston, Texas. It is the world’s largest independent exploration and production company and the fourth-largest company in the energy sector. The company operates in more than 30 countries and has exploration and production activities in the U.S., Canada, the United Kingdom, Norway, Russia, Australia, Algeria, Angola, China, Malaysia and Qatar. ConocoPhillips’ business is structured into four segments: Exploration and Production, Midstream, Refining, Marketing and Specialty Products, and Chemicals. The company’s exploration and production activities are focused on discovering and developing oil and natural gas reserves, as well as producing and marketing crude oil, natural gas and natural gas liquids. ConocoPhillips also has a strong presence in the refining and marketing of oil products, and produces a wide range of specialty products and chemicals for a variety of industries.
ConocoPhillips is an American multinational energy corporation headquartered in Houston, Texas. Its stock (NYSE: COP) has had a volatile history, with its share price rising and falling with the market and oil prices.
The ConocoPhillips share price began 2020 trading at a price of about $59.50, but has since gone through a roller coaster of ups and downs due to the impact of the COVID-19 pandemic and the resulting market volatility. In January, the stock price surged to $63.90, then plunged to a low of $30.69 in March, as the pandemic caused a collapse in energy demand and oil prices.
Since then, the stock has recovered somewhat, with prices rising to around $50 in July 2020. Prices have been fairly stable since then, with the stock trading at around $50-55 for most of the year.
Overall, the ConocoPhillips share price has been highly volatile, with prices rising and falling in response to changing market and oil prices. Investors should keep an eye on the company’s performance and the oil price to anticipate future changes in the stock price.
ConocoPhillips is one of the world’s largest independent exploration and production companies and is the largest producer of oil and natural gas in the United States. The company has a long track record of success and is a leader in the global energy industry.
In the last five years, ConocoPhillips has consistently increased its profits, with an average of 16.5% per year. The company has also increased its dividends to shareholders over the same period. Its share price has risen significantly in the same period, with an average return of 13.3% per year.
ConocoPhillips has also been successful in reducing its costs and increasing its efficiency. Its operating costs have fallen by an average of 3% per year in the last five years, while its returns on capital employed have risen to 11.7%.
Overall, ConocoPhillips has been performing well in the last five years. The company has been able to consistently increase its profits, while also reducing costs and increasing efficiency. This strong performance has been reflected in its share price, which has risen significantly over the same period.
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The Third Perspective Team