Why ConocoPhillips Oil Stock Popped Today
Shares of (NYSE: COP) dipped on Tuesday after TheFly.com reported multiple bank analysts forecasting lower price targets for the oil major in light of an ongoing trade war and recent declines in oil prices. On Wednesday, however, Conoco stock perked back up, rising a modest 2.3%, and indeed, recovering all of yesterday's losses.
And why?
Because oil prices are going back up.
Source Fool.com
ConocoPhillips Stock
€78.66
-0.720%
The stock is an absolute favorite of our community with 61 Buy predictions and no Sell predictions.
With a target price of 101 € there is a positive potential of 28.4% for ConocoPhillips compared to the current price of 78.66 €.
