ConocoPhillips (COP) : Analyst Rating Update

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) : The highest short term price target forecast on ConocoPhillips (COP) is $71 and the lowest target price is $37. A total of 11 equity analysts are currently covering the company. The average price of all the analysts is $50.55 with a standard deviation of $9.53.

ConocoPhillips (NYSE:COP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $41.55 and $41.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.03. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.90, notching a gain of 0.48% for the day. The total traded volume was 7,023,872 . The stock had closed at $41.70 on the previous day.

Also, Citigroup maintains its rating on ConocoPhillips (NYSE:COP). The global brokerage major raises the current price target from $50 per share to $65 per share. Analysts at the Citigroup have a current rating of Buy on the shares. The rating by the firm was issued on April 29, 2016. The company shares have dropped -28.55% from its 1 Year high price. On Jul 9, 2015, the shares registered one year high at $59.76 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $44.12 and the 200 Day Moving Average price is recorded at $41.51.

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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