ConocoPhillips (COP) stock fell 0.18% while broader market had 0.11% loss.

From NASDAQ.: 2024-06-07 18:00:11

ConocoPhillips (COP) closed at $112, down 0.18% from the previous session, while the S&P 500 saw a 0.11% loss. In the past month, COP shares dropped by 9.07%, with the Energy sector down 2.95% and the S&P 500 up 3.51%. The upcoming EPS for COP is projected at $2.27, a 23.37% increase from last year.

Analysts estimate ConocoPhillips’ revenue for the upcoming quarter to be $15.38 billion, a 19.4% rise from the same period last year. For the fiscal year, EPS is projected at $9.02 and revenue at $61.39 billion, representing a 2.85% and 4.81% change, respectively. Recent analyst forecasts indicate a positive outlook on the company’s profitability.

ConocoPhillips’ stock price performance is closely linked to analyst estimate revisions. The company currently holds a Zacks Rank of #3 (Hold), with a 2.18% decrease in EPS projection in the last 30 days. COP is trading at a Forward P/E ratio of 12.44, below the industry average of 15.5, and has a PEG ratio of 2.49 in the Oils-Energy sector.

The Oil and Gas – Integrated – United States industry, to which COP belongs, has an industry rank of 181, in the bottom 29% of all industries. The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a 2 to 1 ratio. Investors can access more information on these metrics at Zacks.com.

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Read more at NASDAQ.: ConocoPhillips (COP) Falls More Steeply Than Broader Market: What Investors Need to Know