ConocoPhillips (COP) closed the latest trading day at $105.39, indicating a +0.35% change from the previous session's end. This change lagged the S&P 500's 0.38% gain on the day. On the other hand, the Dow registered a loss of 0.03%, and the technology-centric Nasdaq increased by 0.87%.
The energy company's stock has climbed by 13.38% in the past month, exceeding the Oils-Energy sector's gain of 2.26% and the S&P 500's loss of 5.59%.
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 May 8, 2025. On that day, ConocoPhillips is projected to report earnings of $2 per share, which would represent a year-over-year decline of 1.48%. In the meantime, our current consensus estimate forecasts the revenue to be $16.23 billion, indicating a 12.1% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $7.98 per share and revenue of $64.27 billion. These totals would mark changes of +2.44% and +12.85%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for ConocoPhillips. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.51% decrease. 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 13.16. This denotes a discount relative to the industry's average Forward P/E of 15.46.
We can additionally observe that COP currently boasts a PEG ratio of 0.84. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Oil and Gas - Integrated - United States stocks are, on average, holding a PEG ratio of 1.2 based on yesterday's closing prices.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 156, placing it within the bottom 38% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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ConocoPhillips (COP): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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