A significant volume of information regarding
ConocoPhillips (COP) has been circulating recently. There have been various fluctuations for COP as it encountered a series of market underperformances but also occasional outpacing of the market gains. Notably, shares have been purchased by
International Assets Investment Management LLC and
Massachusetts Financial Services Co. MA. Several financial analysts and brokerage firms have shown interest in the firm with
Mizuho raising its price target to
$142.00, portraying COP as an attractive investment. On the other hand, lesser profit based on lower gas prices has resulted in missed quarterly estimates. ConocoPhillips is considering divesting its
Williston Basin Assets and
Solaris, a COP affiliate, has filed for an IPO in New York. The company's Q1 2024 earnings seems promising with higher oil volumes being reported, however, the adjusted earnings have fallen short of estimates. Despite fluctuations, a hold strategy is advocated for COP's stock at present.
Conocophillips COP News Analytics from Thu, 03 Aug 2023 07:00:00 GMT to Thu, 16 May 2024 12:08:00 GMT -
Rating 2
- Innovation 4
- Information 8
- Rumor -3
