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ConocoPhillips (COP) Stock Sinks As Market Gains: What You Should Know
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ConocoPhillips (COP - Free Report) closed the most recent trading day at $128.38, moving -2.74% from the previous trading session. This change lagged the S&P 500's daily gain of 0.72%. Meanwhile, the Dow experienced a rise of 0.48%, and the technology-dominated Nasdaq saw an increase of 1.16%.
Heading into today, shares of the energy company had gained 11.37% over the past month, outpacing the Oils-Energy sector's gain of 9.32% and the S&P 500's loss of 4.99%.
Investors will be eagerly watching for the performance of ConocoPhillips in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on April 30, 2026. The company's upcoming EPS is projected at $1.62, signifying a 22.49% drop compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $14.5 billion, down 15.22% from the prior-year quarter.
COP's full-year Zacks Consensus Estimates are calling for earnings of $7.22 per share and revenue of $58.19 billion. These results would represent year-over-year changes of +17.21% and -5.46%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for ConocoPhillips. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 65.13% increase. Right now, ConocoPhillips possesses a Zacks Rank of #3 (Hold).
From a valuation perspective, ConocoPhillips is currently exchanging hands at a Forward P/E ratio of 18.27. This denotes a discount relative to the industry average Forward P/E of 19.98.
One should further note that COP currently holds a PEG ratio of 2.56. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. COP's industry had an average PEG ratio of 2.68 as of yesterday's close.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 81, finds itself in the top 34% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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ConocoPhillips (COP) Stock Sinks As Market Gains: What You Should Know
ConocoPhillips (COP - Free Report) closed the most recent trading day at $128.38, moving -2.74% from the previous trading session. This change lagged the S&P 500's daily gain of 0.72%. Meanwhile, the Dow experienced a rise of 0.48%, and the technology-dominated Nasdaq saw an increase of 1.16%.
Heading into today, shares of the energy company had gained 11.37% over the past month, outpacing the Oils-Energy sector's gain of 9.32% and the S&P 500's loss of 4.99%.
Investors will be eagerly watching for the performance of ConocoPhillips in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on April 30, 2026. The company's upcoming EPS is projected at $1.62, signifying a 22.49% drop compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $14.5 billion, down 15.22% from the prior-year quarter.
COP's full-year Zacks Consensus Estimates are calling for earnings of $7.22 per share and revenue of $58.19 billion. These results would represent year-over-year changes of +17.21% and -5.46%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for ConocoPhillips. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 65.13% increase. Right now, ConocoPhillips possesses a Zacks Rank of #3 (Hold).
From a valuation perspective, ConocoPhillips is currently exchanging hands at a Forward P/E ratio of 18.27. This denotes a discount relative to the industry average Forward P/E of 19.98.
One should further note that COP currently holds a PEG ratio of 2.56. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. COP's industry had an average PEG ratio of 2.68 as of yesterday's close.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 81, finds itself in the top 34% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.