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
€104.52
-0.990%
With 86 Buy predictions and 1 Sell predictions ConocoPhillips is one of the favorites of our community.
However, we have a potential of -2.41% for ConocoPhillips as the target price of 102 € is below the current price of 104.52 €.
