COP's Valuation Looks Attractive: Should You Bet on the Stock or Wait?

Key Takeaways COP is trading at a 5.11x EV/EBITDA, well below the industry average of 10.98x, suggesting undervaluation. Marathon Oil's acquisition has boosted COP's U.S. shale footprint, scale and operating efficiencies. COP replaced 244% of produced reserves in 2024, with 123% coming from drilling and new discoveries.ConocoPhillips (COP) is currently considered relatively undervalued, trading at a trailing 12-month enterprise value to EBITDA (EV/EBITDA) of 5.11x. This figure is below the broader industr ...