U.S. Markets open in 1 hr 15 mins

ConocoPhillips (COP): An Off-the-Radar Potential Winner

Zacks Equity Research

It commonly happens in stock investing that investors miss the chance of buying winning stocks that they knew would stand out. Before they take the plunge, others get to know the hidden potential and enter into these stocks, pushing them out of reach.

So, instead of repenting, spotting the off-the-radar potential winners and immediately investing in them could be a smart decision.

One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is ConocoPhillips COP. This Oil and Gas stock has actually seen estimates rise over the past month for the current fiscal year by about 38.5%. But that is not yet reflected in its price, as the stock gained only 1.6% over the same time frame.

ConocoPhillips Price and Consensus

ConocoPhillips Price and Consensus | ConocoPhillips Quote

You should not be concerned about the price remaining muted going forward. This year’s expected earnings growth over the prior year is 120.4%, which should ultimately translate into price appreciation.

And if this isn’t enough, COP currently sports a Zacks Rank #1 (Strong Buy), which further underscores the potential for its outperformance (See the performance of Zacks' portfolios and strategies here: About Zacks Performance). You can see the complete list of today’s Zacks #1 Rank stocks here.

So if you are looking for a stock flying under-the-radar that is well-equipped to bounce down the road, make sure to consider ConocoPhillips. Solid estimate revisions and an impressive Zacks Rank suggest that better days may be ahead for COP and that now might be an interesting buying opportunity.

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ConocoPhillips (COP) : Free Stock Analysis Report
To read this article on Zacks.com click here.