ConocoPhillips recently announced its fourth quarter earnings and beat the street estimates. The analysts estimated the company’s earnings per share to be around $1.33 but ConocoPhillips outperformed and provided $1.4 earnings per share. ConocoPhillips beat analyst’s estimation with $0.07 per share for the fourth quarter, and the COP Stocks surged after the earnings were report by the end of January, 2014.
COP Stocks went up by 19.7% after the announcement were made only the basis of excluding dividends. But if we consider the dividends as well, then the overall gain was 23.83% for the quarter. The over gain of ConocoPhillips beat the S&P 500 for the quarter. S&P 500 index gained around 19.23% during the same time frame in which the ConocoPhillips gained 23.83%. As this point of time, the company’s price to earnings ratio is around 10.88 that are not that much expensive. But the most important thing while buying any stock is the future prospect of the company.
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