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Stock impact report

ConocoPhillips (COP) Price Target Increased to $154 at Piper Sandler [Yahoo! Finance]

ConocoPhillips (COP) 
Last conocophillips earnings: 4/30 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
ConocoPhillips (NYSE: COP ) is included among the 12 Best Large Cap Energy Stocks to Buy Now ConocoPhillips (COP) Price Target Increased to $154 at Piper Sandler ConocoPhillips (NYSE:COP) is one of the world's largest independent E&P companies based on oil and natural gas production and proved reserves. On March 12, Piper Sandler bumped its price target on ConocoPhillips (NYSE:COP) from $111 to $154, while maintaining an ‘Overweight' rating on the shares. The target adjustment, which indicates an upside potential of over 26% from the current share price, comes as the analyst firm revised its estimates following a $5 per barrel increase in its mid-cycle WTI price forecast amid the US/Iran war. Piper Sandler sees the war having lasting supply impacts on the global energy market, with projections of 2026 crude balances to tighten by about 2 million barrels per day compared to prior expectations. The firm expects the tightening supply, paired with soaring prices, to incentivize i Show less Read more
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