ConocoPhillips (COP) – Among the 10 Most Promising Energy Stocks to Buy Now
ConocoPhillips (COP) – Among the 10 Most Promising Energy Stocks to Buy Now.
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With an average upside potential of 40.15% according to Wall Street analysts, ConocoPhillips (NYSE: COP ) is included among the 10 Most Promising Energy Stocks to Buy Now .
ConocoPhillips (NYSE:COP) is one of the world's largest independent E&P companies based on oil and natural gas production and proved reserves.
On June 29, Morgan Stanley lowered its price objective on ConocoPhillips (NYSE:COP) from $153 to $146, but reiterated an 'Overweight' rating on the shares. The revised target still implies an upside of almost 41% from the current levels.
The move comes after Morgan Stanley adjusted its estimates to reflect the latest energy prices. The WTI crude price has fallen by over 60% from its recent highs and is now hovering close to its pre-conflict levels following the US-Iran MoU on June 14.
In contrast, earlier on June 22, Roth Capital instead turned more bullish on ConocoPhillips (NYSE:COP) and upgraded the stock from 'Neutral' to 'Buy', while also raising its price target on the shares by $6 ( read more details here ).
ConocoPhillips is expected to announce the financial and operating results for its second quarter on August 6. The company is targeting Q2 production of 2.2 million barrels of oil equivalent per day at the midpoint.
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Sinergia Empresarial continuará el seguimiento de esta información sobre conocoPhillips (COP) – Among the 10 Most Promising Energy Stocks to Buy Now y ampliará la cobertura conforme se confirmen nuevos elementos relevantes para el ecosistema empresarial.
