ConocoPhillips stock dropped 0.06% to $95.12, underperforming market and sector, with upcoming earnings decline

From Nasdaq: 2024-12-20 18:00:05

In the latest market close, ConocoPhillips (COP) saw a -0.06% movement to $95.12, lagging behind the S&P 500, Dow, and Nasdaq. The stock has dropped by 14.94% in the past month, underperforming the sector and S&P 500. Investors are eagerly awaiting the upcoming earnings release, with estimates showing a year-over-year decline in earnings and revenue for ConocoPhillips.

Analysts are expecting ConocoPhillips to report earnings of $1.89 per share and revenue of $14.64 billion, reflecting declines from the previous year. Recent adjustments to analyst estimates can impact the company’s stock price momentum, with the Zacks Rank system indicating a Hold rating for ConocoPhillips. The stock is currently trading at a discount to the industry’s average Forward P/E ratio.

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Read more at Nasdaq: ConocoPhillips (COP) Stock Sinks As Market Gains: What You Should Know