Sorry!! The article you are trying to read is not available now.
Wells Fargo Starts ConocoPhillips with an “Outperform” Rating (COP)

On Friday analysts at Wells Fargo initiated coverage on oil company ConocoPhillips (COP).

The analysts start COP off with an “Outperform” rating and a valuation range of $72 to $78. The valuation is roughly a +30% upside from Thursday’s closing price of $56.98.

Wells Fargo commented, “We have initiated coverage of ConocoPhillips (COP) with an Outperform rating on the shares and valuation range of $72-78. Our rating reflects ConocoPhillips’ favorable reserves and acreage positions, expected production profile and balance sheet strength that should support growth with reasonable returns.”

ConocoPhillips shares were flat in premarket trading on Friday. The stock is down -20.86% year-to-date.

The Bottom Line
We have been recommending shares of ConocoPhillips (COP) since May 10, when the stock was trading at $53.47. The company has a 4.63% dividend yield, based on last night’s closing stock price of $56.98.

ConocoPhillips (COP) is recommended at this time, holding a DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here