With an average upside potential of 40.15% according to Wall Street ****** ysts, ConocoPhillips (NYSE:COP) is included among the 10 Most Promising Energy Stocks to Buy Now.
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 29, Morgan Stanley lowered its price objective on ConocoPhillips (NYSE:COP) from $153 to $146, but reiterated an 'Overweight' rating on the shares. The revised target still implies an upside of almost 41% from the current levels.
The move comes after Morgan Stanley adjusted its estimates to reflect the latest energy prices. The WTI crude price has fallen by over 60% from its recent highs and is now hovering close to its pre-conflict levels following the US-Iran MoU on June 14.
In contrast, earlier on June 22, Roth Capital instead turned more bullish on ConocoPhillips (NYSE:COP) and upgraded the stock from 'Neutral' to 'Buy', while also raising its price target on the shares by $6 (read more details here).
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 29, Morgan Stanley lowered its price objective on ConocoPhillips (NYSE:COP) from $153 to $146, but reiterated an 'Overweight' rating on the shares. The revised target still implies an upside of almost 41% from the current levels.
The move comes after Morgan Stanley adjusted its estimates to reflect the latest energy prices. The WTI crude price has fallen by over 60% from its recent highs and is now hovering close to its pre-conflict levels following the US-Iran MoU on June 14.
In contrast, earlier on June 22, Roth Capital instead turned more bullish on ConocoPhillips (NYSE:COP) and upgraded the stock from 'Neutral' to 'Buy', while also raising its price target on the shares by $6 (read more details here).
3 months ago
