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ConocoPhillips (COP - Free Report) was a big mover last session, as the company saw its shares rise almost 9% on the day. The upside was driven by the company’s decision to sell its oil Canadian sands and natural gas holdings to Cenovus Energy. Also, this led to far more shares changing hands than in a normal session. This breaks the recent trend for the company as the stock is now trading above the volatile price range of $44.10 to $48.32 in the past one-month time frame.
The company has seen a mixed track record with one positive and negative estimate revisions in the past 30 days. Also, its Zacks Consensus Estimate moved higher over the same timeframe. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
ConocoPhillips currently carries a Zacks Rank #3 (Hold).
Is COP going up? Or down? Predict to see what others think: Up or Down
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ConocoPhillips (COP) Shows Strength: Stock Moves 8.8% Higher
ConocoPhillips (COP - Free Report) was a big mover last session, as the company saw its shares rise almost 9% on the day. The upside was driven by the company’s decision to sell its oil Canadian sands and natural gas holdings to Cenovus Energy. Also, this led to far more shares changing hands than in a normal session. This breaks the recent trend for the company as the stock is now trading above the volatile price range of $44.10 to $48.32 in the past one-month time frame.
The company has seen a mixed track record with one positive and negative estimate revisions in the past 30 days. Also, its Zacks Consensus Estimate moved higher over the same timeframe. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
ConocoPhillips currently carries a Zacks Rank #3 (Hold).
ConocoPhillips Price
ConocoPhillips Price | ConocoPhillips Quote
A better-ranked stock in the Oil and Gas – Integrated industry is Mammoth Energy Services, Inc. (TUSK - Free Report) , which holds a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is COP going up? Or down? Predict to see what others think: Up or Down
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>