Here's Why Hold Strategy is Apt for ConocoPhillips Stock Now

24.12.24 17:24 Uhr

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91,78 EUR 0,47 EUR 0,51%

12,40 EUR -0,20 EUR -1,59%

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16.393,8 PKT 170,4 PKT 1,05%

2.978,5 PKT 35,7 PKT 1,21%

6.040,0 PKT 66,0 PKT 1,10%

ConocoPhillips COP, a leading upstream energy firm in terms of production and reserves, is well-positioned to capitalize on handsome crude prices. Currently, the stock carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Factors Working in Favor of COPWest Texas Intermediate crude price, currently approaching the $70-per-barrel mark, is highly favorable for upstream activities.COP secured a solid production outlook thanks to its decades of drilling inventories across its low-cost and diversified upstream asset base. The resource base represents the company’s strong footprint in prolific acres in the United States, comprising Eagle Ford shale, the Permian Basin and Bakken shale. COP boasted that its drilling and completion activities are becoming more efficient in all key U.S. basins.Compared with composite stocks belonging to the industry, the leading upstream energy company has considerably lower exposure to debt capital. This reflects that COP is better positioned to rely on its strong balance sheet to withstand any adverse business scenario.Risks to the COP’s BusinessBeing an upstream energy player, the company’s overall operations are exposed to oil and natural gas price volatility. Other exploration and production players that are also exposed to commodity price volatility are EOG Resources EOG, Diamondback Energy, Inc. FANG and Matador Resources Company MTDR.In the United States, EOG Resources is one of the foremost explorers and producers of oil and gas, with crude reserves across the United States and Trinidad.Diamondback Energy, a leading pure-play Permian operator, reported ongoing enhancements in the average productivity per well in the Midland Basin. Thus, the exploration and production company will likely continue witnessing increased production volumes.Matador Resources is a well-known exploration and production company with a strong footprint in the prolific Wolfcamp and Bone Spring plays in the oil-rich Delaware Basin.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ConocoPhillips (COP): Free Stock Analysis Report EOG Resources, Inc. (EOG): Free Stock Analysis Report Diamondback Energy, Inc. (FANG): Free Stock Analysis Report Matador Resources Company (MTDR): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks

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Quelle: Zacks

Nachrichten zu ConocoPhillips

Analysen zu ConocoPhillips

DatumRatingAnalyst
15.10.2020ConocoPhillips OutperformRBC Capital Markets
19.08.2019ConocoPhillips OverweightBarclays Capital
15.06.2018ConocoPhillips OutperformBMO Capital Markets
09.11.2017ConocoPhillips OutperformRBC Capital Markets
27.10.2017ConocoPhillips OverweightBarclays Capital
DatumRatingAnalyst
15.10.2020ConocoPhillips OutperformRBC Capital Markets
19.08.2019ConocoPhillips OverweightBarclays Capital
15.06.2018ConocoPhillips OutperformBMO Capital Markets
09.11.2017ConocoPhillips OutperformRBC Capital Markets
27.10.2017ConocoPhillips OverweightBarclays Capital
DatumRatingAnalyst
29.04.2016ConocoPhillips NeutralUBS AG
04.08.2015ConocoPhillips PerformOppenheimer & Co. Inc.
06.10.2014ConocoPhillips NeutralUBS AG
09.09.2014ConocoPhillips NeutralMerrill Lynch & Co., Inc.
28.11.2012ConocoPhillips haltenFrankfurter Tagesdienst
DatumRatingAnalyst
26.07.2012ConocoPhillips sellUBS AG
21.06.2012ConocoPhillips sellGoldman Sachs Group Inc.
02.05.2012ConocoPhillips sellUBS AG
24.04.2012ConocoPhillips sellUBS AG
17.04.2012ConocoPhillips sellUBS AG

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für ConocoPhillips nach folgenden Kriterien zu filtern.

Alle: Alle Empfehlungen

Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"
Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"
Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"