Why ConocoPhillips Stock Just Popped
ConocoPhillips (NYSE: COP) stock is on the rise Friday morning, up 2.5% through 10:55 a.m. ET, on worrisome news from the Middle East.
On Thursday evening, Israeli warplanes struck multiple targets in Iran, resulting in drone strikes from Iran on Israel. Investors are nervous that conflict in the Middle East will threaten the supply of oil from Mideast suppliers, raising oil prices.
Image source: Getty Images.
Source Fool.com
ConocoPhillips Stock
€106.88
2.370%
The stock is one of the favorites of our community with 76 Buy predictions and 1 Sell predictions.
On the other hand, the target price of 101 € is below the current price of 106.88 € for ConocoPhillips, so the potential is actually -5.5%.
