ConocoPhillips (COP) Delivers Q1 Beat but Production Guidance Caps Gains

April 25, 2013 2:43 PM EDT Send to a Friend
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Price: $68.91 -2.92%

Rating Summary:
    11 Buy, 10 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 9 | Down: 9 | New: 33
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Wells Fargo today maintained an Outperform on ConocoPhillips (NYSE: COP) with a price target of $66-$72. This morning ConocoPhillips reported Q1 results.

Commenting on the quarter, analyst Roger D. Read said, "nice EPS beat on lower-costs while production was effectively as expected. Unfortunately, production guidance for the remainder of 2013 is slightly below our current estimate so we do not expect much follow-through unless we hear something more promising on the conference call."

For an analyst ratings summary and ratings history on ConocoPhillips (NYSE: COP) click here. For more ratings news on ConocoPhillips click here.

Shares of ConocoPhillips closed at $58.26 yesterday.


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