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Analyzing ConocoPhillips’s Year-To-Date Performance

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Jul. 3 2017, Updated 6:01 a.m. ET

Year-to-date performance

YTD (year-to-date), crude oil (USO), natural gas (UNG), and natural gas liquid producer ConocoPhillips (COP) has seen its stock outperform crude oil. So far this year, its stock price has fallen ~11%, whereas crude oil (USO) prices have fallen ~17%. In calendar 2016, ConocoPhillips stock rose moderately, by ~10%.

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Long-term price action

ConocoPhillips stock has followed an uptrend since February 2016. It increased from the low of $30.18 per share in February 2016 to the high of $52.59 per share in December 2016. However, since December 2016, the stock has followed a moderate downtrend due to falling crude oil prices.

Currently, ConocoPhillips is trading below its 50-day and 200-day moving averages. On June 22, 2017, the stock closed at $43.96, whereas its 50-day and 200-day moving averages stand at $46.04 and $46.23, respectively. Currently, ConocoPhillips’s 50-day moving average is below its 200-day moving average.

Peers

The majority of ConocoPhillips’s production comes from US resource plays. Occidental Petroleum (OXY) and Diamondback Energy (FANG) also have a presence in US resource plays. YTD, these companies’ stock has fallen~14% and ~15%, respectively, meaning that ConocoPhillips is slightly outperforming its peers this year. So far this year, the Energy Select Sector SPDR ETF (XLE) has underperformed the SPDR S&P 500 ETF (SPY) by a wide margin.

Series overview

Now that we’ve analyzed ConocoPhillips’s stock performance so far this year, we’ll look at the company’s operational details in the following parts of this series. Specifically, we’ll study ConocoPhillips’s production, production mix, costs, and margins. Let’s start with the company’s production.

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