Short Term Price Target on ConocoPhillips (COP)

ConocoPhillips (NYSE:COP) : The highest short term price target forecast on ConocoPhillips (NYSE:COP) is $71 and the lowest target price is $37. A total of 11 equity analysts are currently covering the company. The average price of all the analysts is $50.55 with a standard deviation of $9.53.

ConocoPhillips has lost 4.45% in the last five trading days and dropped 1.04% in the last 4 weeks. ConocoPhillips is up 10.23% in the last 3-month period. Year-to-Date the stock performance stands at -5.35%. Also, Citigroup maintains their rating on the shares of ConocoPhillips (NYSE:COP). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $65 per share from $50 per share. The rating by the firm was issued on April 29, 2016.

ConocoPhillips (NYSE:COP) : Zacks Investment Research ranks ConocoPhillips (NYSE:COP) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 15 research analysts is 2.27, which indicates as a Buy.

ConocoPhillips (NYSE:COP): The stock opened at $43.72 on Thursday but the bulls could not build on the opening and the stock topped out at $44.12 for the day. The stock traded down to $43.21 during the day, due to lack of any buying support eventually closed down at $43.60 with a loss of -0.71% for the day. The stock had closed at $43.91 on the previous day. The total traded volume was 9,342,248 shares.

In an insider trading activity, Murti Arjun N, director of Conocophillips, executed a transaction worth $294,300 on March 9, 2016. A total of 7,500 shares were purchased at an average price of $39.24. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.