|Day's Range||46.67 - 47.33|
|52 Week Range||38.80 - 53.17|
|PE Ratio (TTM)||-37.11|
|Dividend & Yield||1.06 (2.23%)|
|1y Target Est||N/A|
The energy experts over at Deutsche Bank have issued a warning to the energy sector. While market dynamics support their call that U.S. crude oil prices will manage to climb to $58 a share by March 2018 -- albeit with lots of volatility along the way -- oil-related stocks are a different kettle of fish. Mark Roberts, head of research and strategy for alternatives, wrote in a note published today that Deutsche Bank “would feel inclined to downgrade:” energy stocks to a Neutral “if OPEC fails to surprise markets” at its meeting on Thursday.
As of May 19, 24 analysts provided recommendations on ConocoPhillips (COP) including six "strong buy," 11 "buy," and seven "hold" recommendations.
Excluding the effect of hedges, Devon Energy’s (DVN) United States average realized crude oil price in 1Q17 was $49.65 per barrel, an increase of ~73% when compared with $28.74 per barrel in 1Q16.