Bernstein analyst Bob Brackett raised the firm’s price target on ConocoPhillips to $147 from $146 and keeps an Outperform rating on the shares. ConocoPhillips reported a strong earnings beat for Q4, driven primarily by surging NGL volumes and cost control, the analyst tells investors in a research note. The stock remains Bernstein’s top E&P idea for 2024.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on COP:
- ConocoPhillips (NYSE:COP) Gains Modestly after Earnings Win
- ConocoPhillips reports Q4 EPS $2.40, consensus $2.09
- Options Volatility and Implied Earnings Moves Today, February 08, 2024
- Is COP a Buy, Before Earnings?
- ConocoPhillips price target lowered to $133 from $152 at Susquehanna
Questions or Comments about the article? Write to editor@tipranks.com