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
€84.63
-1.150%
The stock is one of the favorites of our community with 65 Buy predictions and 1 Sell predictions.
With a target price of 100 € there is a slightly positive potential of 18.16% for ConocoPhillips compared to the current price of 84.63 €.
