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ConocoPhillips (COP) Advances While Market Declines: Some Information for Investors
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ConocoPhillips (COP - Free Report) closed the most recent trading day at $114.71, moving +1.66% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 1.01% for the day. At the same time, the Dow lost 0.77%, and the tech-heavy Nasdaq lost 1.4%.
Heading into today, shares of the energy company had gained 4.73% over the past month, outpacing the Oils-Energy sector's gain of 1.22% and the S&P 500's gain of 0.32%.
The investment community will be closely monitoring the performance of ConocoPhillips in its forthcoming earnings report. The company is scheduled to release its earnings on August 6, 2026. The company is forecasted to report an EPS of $2.96, showcasing a 108.45% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $17.59 billion, up 19.36% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $9.2 per share and revenue of $66.91 billion, indicating changes of +49.35% and +8.72%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for ConocoPhillips. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 8.28% decrease. Currently, ConocoPhillips is carrying a Zacks Rank of #3 (Hold).
In the context of valuation, ConocoPhillips is at present trading with a Forward P/E ratio of 12.26. This signifies a discount in comparison to the average Forward P/E of 19.72 for its industry.
We can also see that COP currently has a PEG ratio of 1.36. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Oil and Gas - Integrated - United States industry stood at 1.92 at the close of the market yesterday.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 204, which puts it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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ConocoPhillips (COP) Advances While Market Declines: Some Information for Investors
ConocoPhillips (COP - Free Report) closed the most recent trading day at $114.71, moving +1.66% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 1.01% for the day. At the same time, the Dow lost 0.77%, and the tech-heavy Nasdaq lost 1.4%.
Heading into today, shares of the energy company had gained 4.73% over the past month, outpacing the Oils-Energy sector's gain of 1.22% and the S&P 500's gain of 0.32%.
The investment community will be closely monitoring the performance of ConocoPhillips in its forthcoming earnings report. The company is scheduled to release its earnings on August 6, 2026. The company is forecasted to report an EPS of $2.96, showcasing a 108.45% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $17.59 billion, up 19.36% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $9.2 per share and revenue of $66.91 billion, indicating changes of +49.35% and +8.72%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for ConocoPhillips. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 8.28% decrease. Currently, ConocoPhillips is carrying a Zacks Rank of #3 (Hold).
In the context of valuation, ConocoPhillips is at present trading with a Forward P/E ratio of 12.26. This signifies a discount in comparison to the average Forward P/E of 19.72 for its industry.
We can also see that COP currently has a PEG ratio of 1.36. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Oil and Gas - Integrated - United States industry stood at 1.92 at the close of the market yesterday.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 204, which puts it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.