ConocoPhillips (COP) displays strong growth prospects signaling a
buy rating. Despite the market slip, COP manages to rise, even as Guinness Asset Management Ltd decreases its stock holdings in the company.
Mizuho maintains a neutral rating for COP. There's anticipation for growth following the acquisition of Marathon Oil.
JPMorgan assumes COP at overweight, showing positive sentiments towards the company. Reports suggest ConocoPhillips is undervalued as a large cap stock to invest in. Its Price Target, however is, lowered to $115.00. Sanders Morris Harris LLC maintains a $2.93 million position in ConocoPhillips, and ConocoPhillips' stockholders enjoy an impressive 144% return over the last five years. A series of fluctuations in stock value are noted, yet the stock falls a significant 12.6% in three months. Even with Q2 earnings and revenue estimates missed, the company reaffirms its
shareholder return for 2024. COP stocks are advised for addition to retirement portfolios.
ConocoPhillips agreed on a 10-year natural gas supply deal with Uniper. The firm continues to proceed with $22.5M acquisition of Marathon Oil. Following the acquisition, ConocoPhillips will be the third largest producer in the US Lower 48.
Conocophillips COP News Analytics from Tue, 02 Apr 2024 07:00:00 GMT to Sat, 12 Oct 2024 16:05:11 GMT -
Rating 7
- Innovation 4
- Information 8
- Rumor 2
