Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
An analyst's recommendation downgrade was the event that pushed ConocoPhillips (COP -1.04%) stock down marginally on the second trading day of the week. The incumbent energy company saw its share price dip by slightly over 1% on the day; by contrast, the S&P 500 index landed in positive territory with a 0.6% increase.
ConocoPhillips (COP) closed the most recent trading day at $91.88, moving -1.13% from the previous trading session.
ConocoPhillips (COP) closed at $92.93 in the latest trading session, marking a +1.32% move from the prior day.
ConocoPhillips (COP -0.04%) is the kind of energy company that people generally think about when they think about an oil stock. However, for most investors, ConocoPhillips won't be the best oil stock to buy.
Antero Resources is a pure-play Appalachian producer. In contrast, ConocoPhillips is mostly focused on crude oil production.
Favorable oil prices are aiding COP's bottom line. However, the stock is exposed to commodity price volatility.
CVX, COP and EOG offer stability and upside, as OPEC's outlook signals slower growth but confirms oil's lasting role in the global economy.
Oil prices have tumbled this year. WTI, the primary U.S. oil price benchmark, has plunged from about $80 a barrel in early January to around $60 a barrel.
ConocoPhillips (COP) closed at $86.45 in the latest trading session, marking a +0.07% move from the prior day.
ConocoPhillips (COP) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
ConocoPhillips (COP) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.