ConocoPhillips (COP): Price Target and June Short Interest Disclosure

ConocoPhillips (COP) : The most positive equity analysts on ConocoPhillips (COP) expects the shares to touch $71, whereas, the least positive believes that the stock will trade at $37 in the short term. The company is covered by 12 Wall Street Brokerage Firms. The average price target for shares are $50.42 with an expected fluctuation of $9.63 from the mean.

ConocoPhillips (COP) encountered a rise of 0.2% or 29,286 shares in the short positions. The number escalated from 16,231,461 on June 15,2016 to 16,260,747 on June 30,2016. The final interest is 1.3% of the floated stock. The days to cover figure of 2 can be arrived using the average daily exchange of 9,309,530 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Major Brokerage house, Citigroup maintains its ratings on ConocoPhillips (NYSE:COP). In the latest research report, Citigroup raises the target price from $50 per share to $65 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on April 29, 2016.


ConocoPhillips (NYSE:COP): stock turned positive on Thursday. Though the stock opened at $43.51, the bulls momentum made the stock top out at $43.52 level for the day. The stock recorded a low of $42.68 and closed the trading day at $43.02, in the green by 0.35%. The total traded volume for the day was 6,580,794. The stock had closed at $42.87 in the previous days trading.

ConocoPhillips (ConocoPhillips) is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through six operating segments, which are primarily defined by geographic region: Alaska, Lower 48, Canada, Europe, Asia Pacific and Middle East, and Other International. The Companys continuing operations are producing in the United States, Norway, the United Kingdom, Canada, Australia, Timor-Leste, Indonesia, China, Malaysia, Qatar, Libya and Russia. The Company has major ownership interests in two of North Americas oil fields located on Alaskas North Slope: Prudhoe Bay and Kuparuk.

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