ConocoPhillips (COP) closed at $94.10 in the latest trading session, marking a +1.59% move from the prior day. This move outpaced the S&P 500's daily loss of 0.14%. Meanwhile, the Dow lost 0.2%, and the Nasdaq, a tech-heavy index, lost 0.24%.
Heading into today, shares of the energy company had gained 2.63% over the past month, outpacing the Oils-Energy sector's loss of 1.02% and the S&P 500's gain of 0.94%.
The investment community will be paying close attention to the earnings performance of ConocoPhillips in its upcoming release. The company is slated to reveal its earnings on February 5, 2026. In that report, analysts expect ConocoPhillips to post earnings of $1.23 per share. This would mark a year-over-year decline of 37.88%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $14.21 billion, down 3.6% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $6.39 per share and revenue of $61.27 billion, which would represent changes of -17.97% and +7.58%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for ConocoPhillips. Recent revisions tend to reflect the latest near-term business trends. 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 exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 0.47% lower. At present, ConocoPhillips boasts a Zacks Rank of #3 (Hold).
In terms of valuation, ConocoPhillips is presently being traded at a Forward P/E ratio of 14.49. This valuation marks a discount compared to its industry average Forward P/E of 17.93.
Meanwhile, COP's PEG ratio is currently 2.1. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Oil and Gas - Integrated - United States industry held an average PEG ratio of 2.21.
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 208, placing it within the bottom 16% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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ConocoPhillips (COP): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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