Brokerage Firm Rating Update on ConocoPhillips (COP)

ConocoPhillips (COP) has an average broker rating of 2.27, which is interpreted as a Buy, as rated by 15 equity analysts. Nonetheless, 5 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 7 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. 1 considers that the stock is a Sell.

ConocoPhillips (COP) stock is expected to deviate a maximum of $9.42 from the average target price of $52.18 for the short term period. 11 Street Experts have initiated coverage on the stock with the most promising target being $72 and the most muted being $37.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, JP Morgan, upgrades their rating on the shares of ConocoPhillips (NYSE:COP). JP Morgan has a Neutral rating on the shares. Previously, the analysts had a Underweight rating on the shares. The rating by the firm was issued on July 11, 2016.

ConocoPhillips (NYSE:COP): The stock opened at $41.22 and touched an intraday high of $41.5 on Wednesday. During the day, the stock corrected to an intraday low of $41.02, however, the bulls stepped in and pushed the price higher to close in the green at $41.48 with a gain of 1.17% for the day. The total traded volume for the day was 6,368,782. The stock had closed at $41 in the previous trading session.

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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