Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Conocophillips (NYSE: COP) improved of late. COP’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Conocophillips (NYSE: COP) stock declined slightly by -0.5% on 10/18/24. The stock closed at $105.67. However, trading volume in this decline was unusually low at 66% of normal. Relative to the market the stock has been weak over the last nine months and has declined -5.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, COP is expected to continue to be a major Value Builder.
Conocophillips has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Conocophillips has a slightly positive Appreciation Score of 62 but a poor Power Rating of 25, leading to the Low Neutral Value Trend Rating.
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