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

April 25, 2013 2:43 PM EDT
Get Alerts COP Hot Sheet
Price: $44.33 --0%

Rating Summary:
    9 Buy, 13 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
Trade COP Now!
Join SI Premium – FREE
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.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS View

Related Entities

Wells Fargo

Add Your Comment