ConocoPhillips with ticker code (COP) have now 27 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 160 and 83.9 with a mean TP of 123.4. Given that the stocks previous close was at 97.43 this would indicate that there is a potential upside of 26.7%. The 50 day MA is 98.94 and the 200 day MA is 89.77. The company has a market capitalisation of $123,007m. Company Website: https://www.conocophillips.com
The potential market cap would be $155,795m 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.
