ConocoPhillips (COP) Rises Higher Than Market: Key Facts

Company Performance - ConocoPhillips (COP) closed at $105.28, reflecting a +0.53% change from the previous session, outperforming the S&P 500's daily gain of 0.42% [1] - Over the past month, shares of ConocoPhillips have decreased by 7.97%, underperforming the Oils-Energy sector's loss of 2.47% and the S&P 500's gain of 2.06% [1] - The upcoming earnings report is scheduled for October 31, 2024, with an expected EPS of $2.01, indicating a 6.94% decline year-over-year, while revenue is forecasted at $15.13 billion, representing a 1.79% growth [1] Earnings Estimates - For the full year, the Zacks Consensus Estimates project earnings of $8.12 per share and revenue of $59.43 billion, reflecting changes of -7.41% and +1.47% from the prior year, respectively [2] - Recent adjustments to analyst estimates for ConocoPhillips may indicate changing near-term business trends, with positive revisions suggesting optimism about the company's outlook [2] Valuation Metrics - ConocoPhillips has a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate moving 4.46% lower over the last 30 days [3] - The company is currently trading at a Forward P/E ratio of 12.89, which is below the industry average Forward P/E of 15.93 [3] - The PEG ratio for ConocoPhillips stands at 0.82, significantly lower than the industry average PEG ratio of 2.14 [3] Industry Overview - The Oil and Gas - Integrated - United States industry, part of the Oils-Energy sector, holds a Zacks Industry Rank of 183, placing it in the bottom 28% of over 250 industries [4] - The Zacks Industry Rank evaluates the strength of industry groups based on the average Zacks Rank of individual stocks, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [4]