ConocoPhillips (COP) Advances While Market Declines: Some Information for Investors
From Yahoo Finance: 2024-04-02 17:50:19
In the latest market close, ConocoPhillips (COP) saw a +1.55% increase to $130.67, outperforming the S&P 500’s 0.72% loss. The Dow dropped 1% and the Nasdaq declined by 0.95%. Over the past month, COP shares gained 15.26%, surpassing the Oils-Energy sector and S&P 500. Investors are anticipating COP’s earnings report on May 2, 2024, expecting a $2.03 per share earnings which is a 14.71% YoY drop. Analysts forecast a $14.72 billion revenue with a 5.16% decline YoY. COP has a Zacks Rank of #3 (Hold) and trades at a Forward P/E ratio of 14.61, showing a discount to the industry average. The Oil and Gas – Integrated – United States industry ranks 93 out of all industries, in the top 37%.
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