COP's Valuation Looks Attractive: Is it Time to Buy the Stock?

ConocoPhillips (COP) is currently considered relatively undervalued, trading at a trailing 12-month enterprise value to EBITDA (EV/EBITDA) of 4.97x. This figure is below the broader industry average of 6.79x and lower than other major upstream companies, such as Diamondback Energy Inc (FANG) and EOG Resources Inc (EOG) , which are trading at 9.73x and 5.32x EV/EBITDA, respectively. This discounted valuation suggests that the stock may offer the potential for further price appreciation. Image Source: Zacks I ...