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Barchart
Barchart
Mark R. Hake, CFA

Analysts Keep Raising ConocoPhillips Target Prices - Shorting Puts is a Good Play Here

COP ConocoPhillips Conoco Barchart

ConocoPhillips' (COP) stock has risen since the Aug. 7 release of its Q2 results. Analysts have been upping their price targets. COP stock looks undervalued based on its historical yield. Shorting out-of-the-money puts is a good play.

COP closed at $96.78 on Friday, Aug. 22, up 2%, but higher than the $92.60 closing price on Aug. 7. It could have a good way to go, as this article will show.

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