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ConocoPhillips (COP) Outpaces Stock Market Gains: What You Should Know
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In the latest close session, ConocoPhillips (COP - Free Report) was up +1.53% at $127.06. The stock outperformed the S&P 500, which registered a daily gain of 0.2%. On the other hand, the Dow registered a gain of 0.04%, and the technology-centric Nasdaq increased by 0.04%.
The energy company's shares have seen a decrease of 8.78% over the last month, not keeping up with the Oils-Energy sector's loss of 2.32% and the S&P 500's loss of 0.35%.
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 November 5, 2026. The company is expected to report EPS of $2.58, up 60.25% from the prior-year quarter. 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.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $10.54 per share and revenue of $70.12 billion. These totals would mark changes of +71.1% and +13.93%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for ConocoPhillips. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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 0.02% lower. ConocoPhillips currently has a Zacks Rank of #3 (Hold).
With respect to valuation, ConocoPhillips is currently being traded at a Forward P/E ratio of 11.87. This denotes a discount relative to the industry average Forward P/E of 19.26.
It's also important to note that COP currently trades at a PEG ratio of 1.32. 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 1.69 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 187, which puts it in the bottom 24% 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.
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) Outpaces Stock Market Gains: What You Should Know
In the latest close session, ConocoPhillips (COP - Free Report) was up +1.53% at $127.06. The stock outperformed the S&P 500, which registered a daily gain of 0.2%. On the other hand, the Dow registered a gain of 0.04%, and the technology-centric Nasdaq increased by 0.04%.
The energy company's shares have seen a decrease of 8.78% over the last month, not keeping up with the Oils-Energy sector's loss of 2.32% and the S&P 500's loss of 0.35%.
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 November 5, 2026. The company is expected to report EPS of $2.58, up 60.25% from the prior-year quarter. 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.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $10.54 per share and revenue of $70.12 billion. These totals would mark changes of +71.1% and +13.93%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for ConocoPhillips. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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 0.02% lower. ConocoPhillips currently has a Zacks Rank of #3 (Hold).
With respect to valuation, ConocoPhillips is currently being traded at a Forward P/E ratio of 11.87. This denotes a discount relative to the industry average Forward P/E of 19.26.
It's also important to note that COP currently trades at a PEG ratio of 1.32. 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 1.69 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 187, which puts it in the bottom 24% 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.
To follow COP in the coming trading sessions, be sure to utilize Zacks.com.