In the latest trading session, ConocoPhillips (COP) closed at $102.80, marking a +1.39% move from the previous day. This move outpaced the S&P 500's daily loss of 0.13%. Elsewhere, the Dow saw an upswing of 0.11%, while the tech-heavy Nasdaq depreciated by 0.72%.
Coming into today, shares of the energy company had gained 8.31% in the past month. In that same time, the Oils-Energy sector gained 10.59%, while the S&P 500 gained 0.78%.
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 February 5, 2026. The company is forecasted to report an EPS of $1.08, showcasing a 45.45% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $14.05 billion, indicating a 4.67% decrease compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.22 per share and a revenue of $61.14 billion, signifying shifts of -20.15% and 0%, respectively, from the last year.
Any recent changes to analyst estimates for ConocoPhillips should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 15.64% decrease. ConocoPhillips currently has a Zacks Rank of #4 (Sell).
Looking at its valuation, ConocoPhillips is holding a Forward P/E ratio of 22.2. This valuation marks a premium compared to its industry average Forward P/E of 17.93.
Investors should also note that COP has a PEG ratio of 3.21 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Oil and Gas - Integrated - United States industry was having an average PEG ratio of 2.71.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 216, putting it in the bottom 12% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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ConocoPhillips (COP): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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