ConocoPhillips stock closed up 0.92%, outperforming S&P 500, expected to report lower EPS

From Nasdaq: 2025-01-02 18:15:22

ConocoPhillips (COP) closed at $100.08, up 0.92% from the previous day, outperforming the S&P 500. Shares saw a 4.19% loss in the past month, beating the sector but underperforming the S&P 500. It is expected to report an EPS of $1.89, a 21.25% decrease from last year’s quarter.

Analysts are closely monitoring ConocoPhillips’ upcoming earnings report, with an estimated EPS drop of 21.25% and revenue decline of 4.36%. Positive estimate revisions can signal optimism about the company’s future. The Zacks Rank system, currently rating COP as a #3 (Hold), has a history of outperforming with an average annual return of +25%.

ConocoPhillips is trading at a Forward P/E ratio of 12.4, a discount compared to the industry average. The company’s PEG ratio of 0.79 is favorable, considering the industry average of 2.61. The Oil and Gas – Integrated – United States industry has a Zacks Industry Rank of 45, in the top 18% of industries.

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