With an annual dividend yield of 3.00%, ConocoPhillips (NYSE:COP) is included among the 12 Best S&P 500 Stocks to Buy for Dividends.
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 22, Roth Capital upgraded ConocoPhillips (NYSE:COP) from 'Neutral' to 'Buy' and also raised its price objective on the stock from $124 to $130. The revised target implies an upside of over 18% from the current levels.
Roth Capital upgraded several exploration and production companies, noting that global oil prices appear close to a short-term bottom with a potential US-Iran ceasefire "seeming tenuous". The **** yst firm highlighted that many oil exploration and production stocks have fallen by 15%-25% from their YTD highs and are now trading at more compelling valuations.
Roth expects lasting damage to the key oil infrastructure in the Middle East and anticipates additional oil volumes to pass through the waterway of Hormuz, but it believes that these factors have already been reflected in share prices. The **** yst firm expects the global crude prices to stabilize at the $75 per barrel mark in the near term.
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 22, Roth Capital upgraded ConocoPhillips (NYSE:COP) from 'Neutral' to 'Buy' and also raised its price objective on the stock from $124 to $130. The revised target implies an upside of over 18% from the current levels.
Roth Capital upgraded several exploration and production companies, noting that global oil prices appear close to a short-term bottom with a potential US-Iran ceasefire "seeming tenuous". The **** yst firm highlighted that many oil exploration and production stocks have fallen by 15%-25% from their YTD highs and are now trading at more compelling valuations.
Roth expects lasting damage to the key oil infrastructure in the Middle East and anticipates additional oil volumes to pass through the waterway of Hormuz, but it believes that these factors have already been reflected in share prices. The **** yst firm expects the global crude prices to stabilize at the $75 per barrel mark in the near term.
4 months ago
