In the current session, ConocoPhillips Inc. (NYSE:COP) is trading at $119.32, after a 0.89% decrease. Over the past month, the stock fell by 2.21%, and in the past year, by 2.55%. With performance like this, long-term shareholders are more likely to start looking into the company's price-to-earnings ratio.
Evaluating ConocoPhillips P/E in Comparison to Its Peers
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for ...