For its second fiscal quarter (ending June 30), Conocophillips (NYSE: COP) has reported E.P.S. of $1.99 compared to $1.84 a year ago. For the latest four quarters through June 30, E.P.S. were $9.01 versus $10.40 for the same period a year ago.
Recent Price Action
Conocophillips (NYSE: COP) stock declined by -2.5% on 8/1/24. The shares closed at $108.39. Moreover, unusually high trading volume at 151% of normal accompanied the decline. The stock has declined -2.4% 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 C (Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Conocophillips has a neutral Appreciation Score of 57 and a neutral Power Rating of 43, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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