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ConocoPhillips (COP) Flat As Market Sinks: What You Should Know
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In the latest trading session, ConocoPhillips (COP - Free Report) closed at $110.44, marking no change from the previous day. This change was narrower than the S&P 500's 0.9% loss on the day. Elsewhere, the Dow lost 0.5%, while the tech-heavy Nasdaq lost 0.27%.
Prior to today's trading, shares of the energy company had lost 14.12% over the past month. This has lagged the Oils-Energy sector's loss of 7.04% and the S&P 500's loss of 2.66% in that time.
Investors will be hoping for strength from ConocoPhillips as it approaches its next earnings release. In that report, analysts expect ConocoPhillips to post earnings of $3.23 per share. This would mark year-over-year growth of 42.29%. Meanwhile, our latest consensus estimate is calling for revenue of $16.57 billion, up 3.79% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $14.09 per share and revenue of $77.52 billion. These totals would mark changes of +134.44% and +60.34%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for ConocoPhillips. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.83% lower. ConocoPhillips is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note ConocoPhillips's current valuation metrics, including its Forward P/E ratio of 7.84. This valuation marks a discount compared to its industry's average Forward P/E of 9.92.
We can also see that COP currently has a PEG ratio of 0.41. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Oil and Gas - Integrated - United States stocks are, on average, holding a PEG ratio of 0.5 based on yesterday's closing prices.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 95, which puts it in the top 38% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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ConocoPhillips (COP) Flat As Market Sinks: What You Should Know
In the latest trading session, ConocoPhillips (COP - Free Report) closed at $110.44, marking no change from the previous day. This change was narrower than the S&P 500's 0.9% loss on the day. Elsewhere, the Dow lost 0.5%, while the tech-heavy Nasdaq lost 0.27%.
Prior to today's trading, shares of the energy company had lost 14.12% over the past month. This has lagged the Oils-Energy sector's loss of 7.04% and the S&P 500's loss of 2.66% in that time.
Investors will be hoping for strength from ConocoPhillips as it approaches its next earnings release. In that report, analysts expect ConocoPhillips to post earnings of $3.23 per share. This would mark year-over-year growth of 42.29%. Meanwhile, our latest consensus estimate is calling for revenue of $16.57 billion, up 3.79% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $14.09 per share and revenue of $77.52 billion. These totals would mark changes of +134.44% and +60.34%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for ConocoPhillips. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.83% lower. ConocoPhillips is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note ConocoPhillips's current valuation metrics, including its Forward P/E ratio of 7.84. This valuation marks a discount compared to its industry's average Forward P/E of 9.92.
We can also see that COP currently has a PEG ratio of 0.41. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Oil and Gas - Integrated - United States stocks are, on average, holding a PEG ratio of 0.5 based on yesterday's closing prices.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 95, which puts it in the top 38% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.