ConocoPhillips (COP) Soars 4.55% on Natural Gas Focus

Generated by AI AgentAinvest Pre-Market Radar
Friday, Jun 13, 2025 4:17 am ET1min read

On June 13, 2025,

surged 4.55% in pre-market trading, reflecting a strong start to the day's 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 rising 3.57% on June 10, marking a three-day consecutive increase and a cumulative gain of 6.83%. This upward trend has garnered significant 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 Alaska LNG project with an annual export capacity of 20 billion cubic feet, and is pursuing international investments to secure a larger market share.

As global energy giants intensify their efforts 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 substantial growth opportunities in the future.

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