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

April 25, 2013 2:43 PM EDT
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Price: $49.78 -0.24%

Rating Summary:
    12 Buy, 13 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 21 | Down: 18 | New: 19
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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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