ConocoPhillips (COP) is Upgraded by Goldman to Buy

ConocoPhillips (COP) was Upgraded by Goldman to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Goldman advised their investors in a research report released on Nov 28, 2016.

Many Wall Street Analysts have commented on ConocoPhillips. ConocoPhillips was Downgraded by CLSA to ” Underperform” on Nov 15, 2016. ConocoPhillips was Upgraded by Edward Jones to ” Buy” on Nov 7, 2016. Company shares were Reiterated by RBC Capital Mkts on Oct 31, 2016 to “Outperform”, Firm has raised the Price Target to $ 53 from a previous price target of $52 .

On the company’s financial health, ConocoPhillips reported $-0.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $-0.71.Analysts expectations of $ 6496.38.During the same quarter in the previous year, the company posted $-0.38 EPS.

ConocoPhillips closed down -0.55 points or -1.19% at $45.75 with 34,94,389 shares getting traded on Friday. Post opening the session at $45.8, the shares hit an intraday low of $45.17 and an intraday high of $46.04 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Sep 2, 2016, John V Faraci (director) purchased 3,879 shares at $51.02 per share price. According to the SEC, on Aug 15, 2016, Ellen Desanctis (Vice President) purchased 5,000 shares at $40.50 per share price. On Aug 3, 2016, James E Jr Copeland (director) purchased 12,500 shares at $39.74 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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 America’s oil fields located on Alaska’s North Slope: Prudhoe Bay and Kuparuk.


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