Analyst Rating Update on ConocoPhillips (COP)

ConocoPhillips (COP) : Zacks Investment Research ranks ConocoPhillips (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 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 16 research analysts is 2.31, which indicates as a Buy.

ConocoPhillips (COP) : 12 investment research analysts covering ConocoPhillips (COP) have an average price target of $51.33 for the near short term. The highest target price given by the Brokerage Firm to the stock is $72 and the lowest target is $37 for the short term. Analysts expect the variance to be within $9.32 of the average price.

For the current week, the company shares have a recommendation consensus of Buy. Also, Major Brokerage house, JP Morgan upgrades its ratings on ConocoPhillips (NYSE:COP). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Underweight rating on the shares. The rating by the firm was issued on July 11, 2016.


ConocoPhillips (NYSE:COP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $39.82 and $39.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $40.34. The buying momentum continued till the end and the stock did not give up its gains. It closed at $40.31, notching a gain of 1.31% for the day. The total traded volume was 8,576,622 . The stock had closed at $39.79 on the previous day.

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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