ConocoPhillips (COP) Stock Falls Amid Market Uptick: What Investors Need to Know

Company Performance - ConocoPhillips (COP) closed at $104.28, reflecting a -1.48% change from the previous day, underperforming the S&P 500 which gained 0.88% [1] - The stock has increased by 9.83% over the past month, while the Oils-Energy sector experienced a loss of 0.38% and the S&P 500 gained 1.17% [1] Upcoming Earnings Report - ConocoPhillips is set to release its earnings report on February 6, 2025, with analysts expecting earnings of$ 1.86 per share, indicating a year-over-year decline of 22.5% [2] - Revenue is anticipated to be $14.65 billion, reflecting a 4.27% decrease compared to the same quarter last year [2] Analyst Estimates - Recent changes to analyst estimates for ConocoPhillips suggest a favorable outlook on the company's business health and profitability [3] - The Zacks Consensus EPS estimate has decreased by 4.33% in the past month, and ConocoPhillips currently holds a Zacks Rank of 3 (Hold) [5] Valuation Metrics - ConocoPhillips has a Forward P/E ratio of 13.84, which is lower than the industry average Forward P/E of 16.57 [6] - The company has a PEG ratio of 0.88, significantly below the average PEG ratio of 3.24 for the Oil and Gas - Integrated - United States industry [7] Industry Context - The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector, holding a Zacks Industry Rank of 26, placing it in the top 11% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]