Brokerage Firm Rating on ConocoPhillips (COP)

ConocoPhillips (COP) : 5 brokerage houses believe that ConocoPhillips (COP) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on ConocoPhillips (COP). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 16 Wall Street Analysts endorse the stock as a Buy with a rating of 2.31.

ConocoPhillips (COP) : 12 Wall Street analysts covering ConocoPhillips (COP) believe that the average level the stock could reach for the short term is $51.5. The maximum price target given is $72 and the minimum target for short term is around $37, hence the standard deviation is calculated at $9.29.


For the current week, the company shares have a recommendation consensus of Buy. ConocoPhillips (NYSE:COP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $40.79 and $40.32 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $41.71. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.39, notching a gain of 1.95% for the day. The total traded volume was 8,784,833 . The stock had closed at $40.60 on the previous day.

In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Conocophillips, Copeland James E Jr had purchased shares worth of $496,750 in a transaction dated on August 1, 2016. A total of 12,500 shares were purchased at a price of $39.74 per share. 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.

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