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ConocoPhillips (COP) Advances While Market Declines: Some Information for Investors
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In the latest trading session, ConocoPhillips (COP - Free Report) closed at $137.56, marking a +2.58% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.06%. Elsewhere, the Dow gained 0.38%, while the tech-heavy Nasdaq lost 0.44%.
Shares of the energy company witnessed a loss of 2.37% over the previous month, trailing the performance of the Oils-Energy sector with its gain of 1.73%, and the S&P 500's gain of 2.36%.
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 $2.69, up 67.08% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $17.47 billion, indicating a 12.52% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $10.84 per share and a revenue of $70.46 billion, indicating changes of +75.97% and +14.47%, respectively, from the former 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. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.76% higher. Right now, ConocoPhillips possesses a Zacks Rank of #1 (Strong Buy).
In terms of valuation, ConocoPhillips is currently trading at a Forward P/E ratio of 12.38. For comparison, its industry has an average Forward P/E of 19.39, which means ConocoPhillips is trading at a discount to the group.
Meanwhile, COP's PEG ratio is currently 1.38. 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. The average PEG ratio for the Oil and Gas - Integrated - United States industry stood at 1.7 at the close of the market yesterday.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 102, putting it in the top 42% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.
View the Zacks #1 Rank List
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ConocoPhillips (COP) Advances While Market Declines: Some Information for Investors
In the latest trading session, ConocoPhillips (COP - Free Report) closed at $137.56, marking a +2.58% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.06%. Elsewhere, the Dow gained 0.38%, while the tech-heavy Nasdaq lost 0.44%.
Shares of the energy company witnessed a loss of 2.37% over the previous month, trailing the performance of the Oils-Energy sector with its gain of 1.73%, and the S&P 500's gain of 2.36%.
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 $2.69, up 67.08% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $17.47 billion, indicating a 12.52% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $10.84 per share and a revenue of $70.46 billion, indicating changes of +75.97% and +14.47%, respectively, from the former 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. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.76% higher. Right now, ConocoPhillips possesses a Zacks Rank of #1 (Strong Buy).
In terms of valuation, ConocoPhillips is currently trading at a Forward P/E ratio of 12.38. For comparison, its industry has an average Forward P/E of 19.39, which means ConocoPhillips is trading at a discount to the group.
Meanwhile, COP's PEG ratio is currently 1.38. 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. The average PEG ratio for the Oil and Gas - Integrated - United States industry stood at 1.7 at the close of the market yesterday.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 102, putting it in the top 42% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.