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ConocoPhillips (COP) closed the most recent trading day at $121.86, moving -0.69% from the previous trading session. This move was narrower than the S&P 500's daily loss of 1.08%. Elsewhere, the Dow lost 0.81%, while the tech-heavy Nasdaq added 0.22%.
Heading into today, shares of the energy company had gained 25.21% over the past month, outpacing the Oils-Energy sector's gain of 10.73% and the S&P 500's gain of 1.03% in that time.
Investors will be hoping for strength from ConocoPhillips as it approaches its next earnings release. In that report, analysts expect ConocoPhillips to post earnings of $3.95 per share. This would mark year-over-year growth of 211.02%. Meanwhile, our latest consensus estimate is calling for revenue of $17.27 billion, up 69.14% from the prior-year quarter.
COP's full-year Zacks Consensus Estimates are calling for earnings of $15 per share and revenue of $71.75 billion. These results would represent year-over-year changes of +149.58% and +48.39%, respectively.
Any recent changes to analyst estimates for ConocoPhillips should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 3.5% higher within the past month. ConocoPhillips is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, ConocoPhillips currently has a Forward P/E ratio of 8.18. This valuation marks a discount compared to its industry's average Forward P/E of 14.41.
Also, we should mention that COP has a PEG ratio of 0.43. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Oil and Gas - Integrated - United States stocks are, on average, holding a PEG ratio of 0.43 based on yesterday's closing prices.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 106, which puts it in the top 42% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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ConocoPhillips (COP) : Free Stock Analysis Report
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