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ConocoPhillips (COP) Stock Declines While Market Improves: Some Information for Investors
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ConocoPhillips (COP - Free Report) ended the recent trading session at $147.96, demonstrating a -2.25% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.6%. At the same time, the Dow added 0.03%, and the tech-heavy Nasdaq gained 1.18%.
The stock of energy company has risen by 20.1% in the past month, leading the Oils-Energy sector's gain of 7.33% and the S&P 500's loss of 0.79%.
Investors will be eagerly watching for the performance of ConocoPhillips in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 5, 2026. The company is forecasted to report an EPS of $2.95, showcasing a 83.23% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $18.07 billion, up 16.45% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $11.42 per share and a revenue of $71.35 billion, signifying shifts of +85.39% and +15.92%, respectively, from the last 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. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 8.32% increase. As of now, ConocoPhillips holds a Zacks Rank of #1 (Strong Buy).
In terms of valuation, ConocoPhillips is presently being traded at a Forward P/E ratio of 13.25. For comparison, its industry has an average Forward P/E of 16.87, which means ConocoPhillips is trading at a discount to the group.
We can additionally observe that COP currently boasts a PEG ratio of 1.47. 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 1.6.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 93, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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ConocoPhillips (COP) Stock Declines While Market Improves: Some Information for Investors
ConocoPhillips (COP - Free Report) ended the recent trading session at $147.96, demonstrating a -2.25% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.6%. At the same time, the Dow added 0.03%, and the tech-heavy Nasdaq gained 1.18%.
The stock of energy company has risen by 20.1% in the past month, leading the Oils-Energy sector's gain of 7.33% and the S&P 500's loss of 0.79%.
Investors will be eagerly watching for the performance of ConocoPhillips in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 5, 2026. The company is forecasted to report an EPS of $2.95, showcasing a 83.23% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $18.07 billion, up 16.45% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $11.42 per share and a revenue of $71.35 billion, signifying shifts of +85.39% and +15.92%, respectively, from the last 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. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 8.32% increase. As of now, ConocoPhillips holds a Zacks Rank of #1 (Strong Buy).
In terms of valuation, ConocoPhillips is presently being traded at a Forward P/E ratio of 13.25. For comparison, its industry has an average Forward P/E of 16.87, which means ConocoPhillips is trading at a discount to the group.
We can additionally observe that COP currently boasts a PEG ratio of 1.47. 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 1.6.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 93, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.