ConocoPhillips (COP) Receives Price Target

ConocoPhillips (COP) : Currently there are 11 street experts covering ConocoPhillips (COP) stock. The most bullish and bearish price target for the stock is $72 and $37 respectively for the short term. The average price target of all the analysts comes to $52.18. The estimated standard deviation from the target is $9.42.

ConocoPhillips (COP) : 15 analysts are covering ConocoPhillips (COP) and their average rating on the stock is 2.27, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. ConocoPhillips (COP) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, Equity analysts at the Brokerage firm JP Morgan upgrades its rating on ConocoPhillips (NYSE:COP). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Underweight by the brokerage firm. The rating by the firm was issued on July 11, 2016.

ConocoPhillips (NYSE:COP): The stock opened at $40.90 on Thursday but the bulls could not build on the opening and the stock topped out at $41.10 for the day. The stock traded down to $40.13 during the day, due to lack of any buying support eventually closed down at $40.60 with a loss of -1.10% for the day. The stock had closed at $41.05 on the previous day. The total traded volume was 7,536,590 shares.

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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