ConocoPhillips with ticker code (COP) have now 25 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 160 and 92 with a mean TP of 137.72. Given that the stocks previous close was at 112.31 this now indicates there is a potential upside of 22.6%. The day 50 moving average is 115.97 while the 200 day moving average is 110.3. The market capitalisation for the company is $138,969m. You can visit the company’s website by visiting: https://www.conocophillips.com
The potential market cap would be $170,411m based on the market concensus.
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. It primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations. The company’s portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects. ConocoPhillips was founded in 1917 and is headquartered in Houston, Texas.
