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ConocoPhillips (COP) Outpaces Stock Market Gains: What You Should Know
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ConocoPhillips (COP - Free Report) closed the most recent trading day at $59.06, moving +0.87% from the previous trading session. This change outpaced the S&P 500's 0.41% gain on the day. Meanwhile, the Dow gained 0.39%, and the Nasdaq, a tech-heavy index, added 0.57%.
Coming into today, shares of the energy company had lost 5.63% in the past month. In that same time, the Oils-Energy sector lost 3.41%, while the S&P 500 gained 0.1%.
COP will be looking to display strength as it nears its next earnings release, which is expected to be July 30, 2019. In that report, analysts expect COP to post earnings of $1.11 per share. This would mark year-over-year growth of 1.83%. Meanwhile, our latest consensus estimate is calling for revenue of $9.86 billion, up 6.69% from the prior-year quarter.
COP's full-year Zacks Consensus Estimates are calling for earnings of $4.35 per share and revenue of $39.87 billion. These results would represent year-over-year changes of -3.97% and +2.95%, respectively.
It is also important to note the recent changes to analyst estimates for COP. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection has moved 0.56% lower. COP currently has a Zacks Rank of #3 (Hold).
Digging into valuation, COP currently has a Forward P/E ratio of 13.47. This represents a no noticeable deviation compared to its industry's average Forward P/E of 13.47.
Investors should also note that COP has a PEG ratio of 1.42 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Integrated - United States industry currently had an average PEG ratio of 1.53 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 41, which puts it in the top 17% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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) Outpaces Stock Market Gains: What You Should Know
ConocoPhillips (COP - Free Report) closed the most recent trading day at $59.06, moving +0.87% from the previous trading session. This change outpaced the S&P 500's 0.41% gain on the day. Meanwhile, the Dow gained 0.39%, and the Nasdaq, a tech-heavy index, added 0.57%.
Coming into today, shares of the energy company had lost 5.63% in the past month. In that same time, the Oils-Energy sector lost 3.41%, while the S&P 500 gained 0.1%.
COP will be looking to display strength as it nears its next earnings release, which is expected to be July 30, 2019. In that report, analysts expect COP to post earnings of $1.11 per share. This would mark year-over-year growth of 1.83%. Meanwhile, our latest consensus estimate is calling for revenue of $9.86 billion, up 6.69% from the prior-year quarter.
COP's full-year Zacks Consensus Estimates are calling for earnings of $4.35 per share and revenue of $39.87 billion. These results would represent year-over-year changes of -3.97% and +2.95%, respectively.
It is also important to note the recent changes to analyst estimates for COP. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection has moved 0.56% lower. COP currently has a Zacks Rank of #3 (Hold).
Digging into valuation, COP currently has a Forward P/E ratio of 13.47. This represents a no noticeable deviation compared to its industry's average Forward P/E of 13.47.
Investors should also note that COP has a PEG ratio of 1.42 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Integrated - United States industry currently had an average PEG ratio of 1.53 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 41, which puts it in the top 17% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.