A Look Into ConocoPhillips Inc's Price Over Earnings
Portfolio Pulse from Benzinga Insights
ConocoPhillips Inc. (NYSE:COP) is currently trading at $119.32, after a 0.89% decrease. The stock fell by 2.21% over the past month, and by 2.55% over the past year. The company's P/E ratio is 11.54, higher than the aggregate P/E ratio of 8.37 of the Oil, Gas & Consumable Fuels industry, indicating that the stock may be overvalued.
October 11, 2023 | 2:15 pm
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ConocoPhillips' stock has been decreasing and its P/E ratio is higher than the industry average, suggesting it may be overvalued.
The stock has been decreasing in value over the past year and its P/E ratio is higher than the industry average, which suggests that the stock may be overvalued. This could lead to a further decrease in the stock price in the short term.
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