ConocoPhillips (COP) Outperforms Broader Market: What You Need to Know

Company Performance - ConocoPhillips (COP) closed at $110.55, marking a +1.78% move from the prior day, outperforming the S&P 500's daily gain of 1.7% [1] - Over the last month, ConocoPhillips shares decreased by 0.91%, compared to the Oils-Energy sector's loss of 2.52% and the S&P 500's gain of 1.27% [1] - The upcoming earnings release is projected to show an EPS of $2.05, indicating a 5.09% drop year-over-year, with quarterly revenue expected at $15.17 billion, up 2.02% from the previous year [1] Annual Forecast - Zacks Consensus Estimates forecast earnings of $8.24 per share and revenue of $59.54 billion for the year, reflecting changes of -6.04% and +1.65% respectively compared to the previous year [2] - Recent changes to analyst estimates suggest optimism about the company's business outlook, with positive revisions indicating favorable near-term trends [2] Valuation Metrics - ConocoPhillips has a Forward P/E ratio of 13.18, which is a discount compared to the industry average Forward P/E of 16.66 [3] - The company has a PEG ratio of 0.84, significantly lower than the industry average PEG ratio of 2.23 [3] Industry Context - The Oil and Gas - Integrated - United States industry ranks in the bottom 26% of all industries, with a current Zacks Industry Rank of 188 [4] - The Zacks Industry Rank assesses the strength of industry groups, indicating that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]