Conocophillips (NYSE: COP) has reported E.P.S. of $1.77 for its third fiscal quarter (ending September 30) versus $2.33 for the same period a year ago — a decline of -24%. For the latest four quarters through September 30, E.P.S. were $8.45 compared to $9.17 a year ago — a decline of -8%.
Recent Price Action
Conocophillips (NYSE: COP) stock closed at $109.54 on 10/31/24 after a very large increase of 6.4%. Moreover, unusually high trading volume at 182% of normal accompanied the advance. The stock has risen 4.8% during the last week but has been weak relative to 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). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Conocophillips has a neutral Appreciation Score of 59 but a poor Power Rating of 25, triggering the Negative Value Trend Rating.
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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