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ConocoPhillips (COP) Looks Good: Stock Adds 5.3% in Session
ConocoPhillips (COP - Free Report) was a big mover last session, as the company saw its shares rise above 5% on the day. The upside was driven by the company’s announcement of robust outlook for full-year 2016 alongside narrower-than-expected loss for third-quarter 2016. This breaks the recent trend of the company since Oct 11, as the stock is now trading above the volatile price range of $40.65 to $43.47.
In the last 30 days, the company has seen eight downward estimate revisions and the Zacks Consensus Estimate also moved lower, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
ConocoPhillips currently carries a Zacks Rank #3 (Hold).
CONOCOPHILLIPS Price
CONOCOPHILLIPS Price | CONOCOPHILLIPS Quote
A better-ranked Oil-US integrated stock is EQT GP Holdings, LP , 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
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