ConocoPhillips (COP) Receives ‘Analyst’ Rating

ConocoPhillips (COP) has an average broker rating of 2.13, which is interpreted as a Buy, as rated by 16 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

ConocoPhillips (COP) : The consensus price target for ConocoPhillips (COP) is $52.46 for the short term with a standard deviation of $8.97. The most optimist securities analyst among the 11 who monitor the stock believes that the stock can reach $72, however, the pessimist price target for the company is $40.


Also, Jefferies upgrades its rating on ConocoPhillips (NYSE:COP). The global brokerage major raises the current price target from $30 per share to $37 per share. Analysts at the Jefferies have a current rating of Hold on the shares. The shares were previously rated Underperform. The rating by the firm was issued on September 7, 2016.

ConocoPhillips (NYSE:COP): After opening at $40.01, the stock dipped to an intraday low of $39.765 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $40.49 and the buying power remained strong till the end. The stock closed at $40.03 for the day, a gain of 0.10% for the day session. The total traded volume was 7,823,571. The stocks close on the previous trading day was $39.99.

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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