Conocophillips (NYSE: COP) has reported E.P.S. of $2.16 for its first fiscal quarter (ending March 31) versus $2.38 for the same period a year ago — a decline of -9%. Relative to the consensus estimate of $2.54, this was a shortfall of $-0.38. For the latest four quarters through March 31, E.P.S. were $8.86 compared to $12.53 a year ago — a decline of -29%.
Recent Price Action
Conocophillips (NYSE: COP) stock closed at $122.25 on 5/2/24 after a modest decline of -1.7%. Moreover, trading volume in this decline was above average at 149% of normal. The stock has declined -5.4% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, COP is expected to continue to be a major Value Builder.
Conocophillips has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Conocophillips has a neutral Appreciation Score of 47 and a slightly negative Power Rating of 35, with the Negative Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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