ConocoPhillips (COP) Soars 4.14% on Natural Gas Focus

Generated by AI AgentAinvest Pre-Market Radar
Friday, Jun 13, 2025 4:30 am ET1min read

On June 13, 2025,

saw a significant rise of 4.14% in pre-market trading, reflecting a strong start to the day's trading session.

Citigroup recently maintained its buy rating for ConocoPhillips, setting a new target price of $115.00. This adjustment comes as the company's stock has been underperforming since early 2024, eroding gains made against the U.S. energy index.

ConocoPhillips has been a focal point in the market, with its stock price surging 3.57% on June 10, marking a three-day consecutive rise and a cumulative increase of 6.83%. This upward trend has garnered considerable investor attention.

The company's strategic focus on the natural gas sector has been a key driver of its recent performance. ConocoPhillips is actively involved in major projects, including the Alaskan LNG project with an annual export capacity of 20 million tons, which is set to enhance its market competitiveness. Additionally, the company is investing in international natural gas projects to secure a larger market share.

As global energy giants intensify their activities in the natural gas sector, ConocoPhillips is positioning itself as a leader in this transition. The company's proactive approach to natural gas investments is expected to yield significant growth opportunities, making it an attractive option for investors looking to capitalize on the energy transition.

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