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ConocoPhillips (COP) Stock Drops Despite Market Gains: Important Facts to Note
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ConocoPhillips (COP - Free Report) closed the most recent trading day at $108.02, moving -2.44% from the previous trading session. This move lagged the S&P 500's daily gain of 0.81%. At the same time, the Dow added 0.27%, and the tech-heavy Nasdaq gained 1.3%.
Prior to today's trading, shares of the energy company had lost 7.67% lagged the Oils-Energy sector's loss of 3.61% and the S&P 500's gain of 1.13%.
The investment community will be paying close attention to the earnings performance of ConocoPhillips in its upcoming release. The company is slated to reveal its earnings on August 6, 2026. The company's earnings per share (EPS) are projected to be $3.04, reflecting a 114.08% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $17.69 billion, indicating a 19.99% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $9.59 per share and revenue of $67.59 billion, which would represent changes of +55.68% and +9.82%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for ConocoPhillips. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 4.4% lower within the past month. ConocoPhillips is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, ConocoPhillips is presently being traded at a Forward P/E ratio of 11.54. Its industry sports an average Forward P/E of 19.87, so one might conclude that ConocoPhillips is trading at a discount comparatively.
It's also important to note that COP currently trades at a PEG ratio of 1.28. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Oil and Gas - Integrated - United States industry stood at 1.93 at the close of the market yesterday.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 174, placing it within the bottom 30% of over 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.
To follow COP in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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ConocoPhillips (COP) Stock Drops Despite Market Gains: Important Facts to Note
ConocoPhillips (COP - Free Report) closed the most recent trading day at $108.02, moving -2.44% from the previous trading session. This move lagged the S&P 500's daily gain of 0.81%. At the same time, the Dow added 0.27%, and the tech-heavy Nasdaq gained 1.3%.
Prior to today's trading, shares of the energy company had lost 7.67% lagged the Oils-Energy sector's loss of 3.61% and the S&P 500's gain of 1.13%.
The investment community will be paying close attention to the earnings performance of ConocoPhillips in its upcoming release. The company is slated to reveal its earnings on August 6, 2026. The company's earnings per share (EPS) are projected to be $3.04, reflecting a 114.08% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $17.69 billion, indicating a 19.99% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $9.59 per share and revenue of $67.59 billion, which would represent changes of +55.68% and +9.82%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for ConocoPhillips. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 4.4% lower within the past month. ConocoPhillips is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, ConocoPhillips is presently being traded at a Forward P/E ratio of 11.54. Its industry sports an average Forward P/E of 19.87, so one might conclude that ConocoPhillips is trading at a discount comparatively.
It's also important to note that COP currently trades at a PEG ratio of 1.28. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Oil and Gas - Integrated - United States industry stood at 1.93 at the close of the market yesterday.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 174, placing it within the bottom 30% of over 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.
To follow COP in the coming trading sessions, be sure to utilize Zacks.com.