ConocoPhillips (COP) has risen sharply, recording gains of 3.63% in the past 4 weeks. However, the stock has corrected -2.35% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.84% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 1.42% and the fifty day Moving Average is 0.54%. ConocoPhillips has dropped 4.01% during the last three month period . Year-to-Date the stock performance stands at -7.62%.
ConocoPhillips (COP) : Average target price received by ConocoPhillips (COP) is $52.18 with an expected standard deviation of $9.42. The most aggressive target on the stock is $72, whereas the most downbeat target is $37. 11 financial analysts are currently covering the stock.
ConocoPhillips (NYSE:COP): On Fridays trading session , Opening price of the stock was $42.9 with an intraday high of $43.29. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $42.14. However, the stock managed to close at $42.3, a loss of 1.12% for the day. On the previous day, the stock had closed at $42.78. The total traded volume of the day was 5,654,584 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.