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ConocoPhillips (COP) Gains As Market Dips: What You Should Know
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In the latest trading session, ConocoPhillips (COP - Free Report) closed at $64.12, marking a +0.63% move from the previous day. This change outpaced the S&P 500's 0.76% loss on the day. At the same time, the Dow lost 0.82%, and the tech-heavy Nasdaq lost 0.9%.
Heading into today, shares of the energy company had lost 13.66% over the past month, lagging the Oils-Energy sector's loss of 9.61% and the S&P 500's loss of 1.41% in that time.
Wall Street will be looking for positivity from COP as it approaches its next earnings report date. This is expected to be February 7, 2019. The company is expected to report EPS of $1.43, up 217.78% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $10.74 billion, up 22.94% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.79 per share and revenue of $39.15 billion, which would represent changes of +698.33% and +20.15%, respectively, from the prior year.
Any recent changes to analyst estimates for COP should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 6.56% higher within the past month. COP currently has a Zacks Rank of #2 (Buy).
Looking at its valuation, COP is holding a Forward P/E ratio of 13.3. This represents a discount compared to its industry's average Forward P/E of 13.84.
Meanwhile, COP's PEG ratio is currently 1.48. 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 industry currently had an average PEG ratio of 1.49 as of yesterday's close.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 32, which puts it in the top 12% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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ConocoPhillips (COP) Gains As Market Dips: What You Should Know
In the latest trading session, ConocoPhillips (COP - Free Report) closed at $64.12, marking a +0.63% move from the previous day. This change outpaced the S&P 500's 0.76% loss on the day. At the same time, the Dow lost 0.82%, and the tech-heavy Nasdaq lost 0.9%.
Heading into today, shares of the energy company had lost 13.66% over the past month, lagging the Oils-Energy sector's loss of 9.61% and the S&P 500's loss of 1.41% in that time.
Wall Street will be looking for positivity from COP as it approaches its next earnings report date. This is expected to be February 7, 2019. The company is expected to report EPS of $1.43, up 217.78% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $10.74 billion, up 22.94% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.79 per share and revenue of $39.15 billion, which would represent changes of +698.33% and +20.15%, respectively, from the prior year.
Any recent changes to analyst estimates for COP should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 6.56% higher within the past month. COP currently has a Zacks Rank of #2 (Buy).
Looking at its valuation, COP is holding a Forward P/E ratio of 13.3. This represents a discount compared to its industry's average Forward P/E of 13.84.
Meanwhile, COP's PEG ratio is currently 1.48. 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 industry currently had an average PEG ratio of 1.49 as of yesterday's close.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 32, which puts it in the top 12% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.