For its third fiscal quarter (ending September 30), Conocophillips (NYSE: COP) has reported a -35% decline in E.P.S. from $3.56 a year ago to $2.33 in the current quarter. Relative to the consensus estimate of $2.08, this was a premium of $0.25. For the latest four quarters through September 30, E.P.S. were $9.17 compared to $13.95 a year ago — a decline of -34%.
Recent Price Action
Conocophillips (NYSE: COP) stock enjoyed a large increase of 4.6% on 11/2/23. The stock closed at $122.02. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 1.3% during the last week.
Current PriceTarget Research Rating
COP’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Conocophillips has a current Value Trend Rating of B (Positive). 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 very high Power Rating of 85, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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