In This Article:
In the latest trading session, ConocoPhillips (COP) closed at $104.28, marking a -1.48% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.88% for the day. On the other hand, the Dow registered a gain of 1.24%, and the technology-centric Nasdaq increased by 0.65%.
The the stock of energy company has risen by 9.83% in the past month, leading the Oils-Energy sector's loss of 0.38% and the S&P 500's gain of 1.17%.
The investment community will be closely monitoring the performance of ConocoPhillips in its forthcoming earnings report. The company is scheduled to release its earnings on February 6, 2025. In that report, analysts expect ConocoPhillips to post earnings of $1.86 per share. This would mark a year-over-year decline of 22.5%. Simultaneously, our latest consensus estimate expects the revenue to be $14.65 billion, showing a 4.27% drop compared to the year-ago quarter.
Investors might also notice recent changes to analyst estimates for ConocoPhillips. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 4.33% lower within the past month. Currently, ConocoPhillips is carrying a Zacks Rank of #3 (Hold).
With respect to valuation, ConocoPhillips is currently being traded at a Forward P/E ratio of 13.84. This expresses a discount compared to the average Forward P/E of 16.57 of its industry.
Also, we should mention that COP has a PEG ratio of 0.88. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Integrated - United States was holding an average PEG ratio of 3.24 at yesterday's closing price.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 26, putting it in the top 11% of all 250+ industries.