Roger Read, analyst at Wells Fargo, reiterates coverage on Conocophillips (COP) in the Utilities sector with a Buy rating. TipRanks.com has Read rated as a 4 star analyst with a 12.00% return on investment and a 58.00% success rate. Read has set a price target of $70.00 .
TipRanks.com reports that COP currently has 20 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $74.68 . The target pricing ranges from a high forecast of $88.00 down to a low forecast of $63.00 .
COP’s last closing price was $58.81 which would put the average price target at 26.99% upside.
In addition, TradingView issued a Buy rating for COP over the next month.
Remember, securities are volatile, so please do your own research on COP.
Other analysts covering COP include:
- Scott Hanold of RBC Capital issued a buy rate with the price target of $75 on July 14th
- Doug Leggate of Bank of America Securities issued a buy rate with the price target of $80 on July 6th
- Jeanine Wai of Barclays issued a buy rate with the price target of $76 on July 5th
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