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ConocoPhillips (COP) Stock Moves -1.77%: What You Should Know
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ConocoPhillips (COP - Free Report) closed at $125.27 in the latest trading session, marking a -1.77% move from the prior day. Meanwhile, the Dow lost 0.36%, and the Nasdaq, a tech-heavy index, added 0.45%.
Shares of the energy company witnessed a loss of 4.36% over the previous month, trailing the performance of the Oils-Energy sector with its loss of 0.41%, and the S&P 500's gain of 1.27%.
Investors will be eagerly watching for the performance of ConocoPhillips in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $2.58, marking a 60.25% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $17.3 billion, reflecting a 11.47% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $10.54 per share and a revenue of $70.12 billion, signifying shifts of +71.1% and +13.93%, respectively, from the last year.
Any recent changes to analyst estimates for ConocoPhillips should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.77% higher. Currently, ConocoPhillips is carrying a Zacks Rank of #3 (Hold).
Investors should also note ConocoPhillips's current valuation metrics, including its Forward P/E ratio of 12.1. This indicates a discount in contrast to its industry's Forward P/E of 20.5.
It's also important to note that COP currently trades at a PEG ratio of 1.34. 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. As the market closed yesterday, the Oil and Gas - Integrated - United States industry was having an average PEG ratio of 1.78.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 184, which puts it in the bottom 26% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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ConocoPhillips (COP) Stock Moves -1.77%: What You Should Know
ConocoPhillips (COP - Free Report) closed at $125.27 in the latest trading session, marking a -1.77% move from the prior day. Meanwhile, the Dow lost 0.36%, and the Nasdaq, a tech-heavy index, added 0.45%.
Shares of the energy company witnessed a loss of 4.36% over the previous month, trailing the performance of the Oils-Energy sector with its loss of 0.41%, and the S&P 500's gain of 1.27%.
Investors will be eagerly watching for the performance of ConocoPhillips in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $2.58, marking a 60.25% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $17.3 billion, reflecting a 11.47% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $10.54 per share and a revenue of $70.12 billion, signifying shifts of +71.1% and +13.93%, respectively, from the last year.
Any recent changes to analyst estimates for ConocoPhillips should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.77% higher. Currently, ConocoPhillips is carrying a Zacks Rank of #3 (Hold).
Investors should also note ConocoPhillips's current valuation metrics, including its Forward P/E ratio of 12.1. This indicates a discount in contrast to its industry's Forward P/E of 20.5.
It's also important to note that COP currently trades at a PEG ratio of 1.34. 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. As the market closed yesterday, the Oil and Gas - Integrated - United States industry was having an average PEG ratio of 1.78.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 184, which puts it in the bottom 26% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.