ConocoPhillips Reaches New 52-Week High (COP)

NEW YORK ( TheStreet) -- ConocoPhillips (NYSE: COP) hit a new 52-week high Friday as it is currently trading at $66.85, above its previous 52-week high of $66.29 with 2.7 million shares traded as of 12:11 p.m. ET. Average volume has been 6.4 million shares over the past 30 days.

ConocoPhillips has a market cap of $79.3 billion and is part of the basic materials sector and energy industry. Shares are up 11.8% year to date as of the close of trading on Thursday.

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids on a worldwide basis.

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TheStreet Ratings rates ConocoPhillips as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins, good cash flow from operations, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full ConocoPhillips Ratings Report.

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