Crude oil prices hit multi-year highs this week above $70 pre barrel on optimism surrounding summer reopening and travel demand.
On Friday, one Wall Street analyst adjusted his oil stock coverage ahead of what could be a big summer for oil stocks.
The Analyst: Morgan Stanley analyst Devin McDermott issued the following oil stock rating changes:
Over the past three months, shares of ConocoPhillips (NYSE:COP) increased by 18.26%. Before we understand the importance of debt, let us look at how much debt ConocoPhillips has.
Gainers
Matador Resources (NYSE:MTDR) stock increased by 1.31% to $29.26 during Friday's after-market session. Trading volume for this security closed at 96.0K, accounting for 5.24% of its average full-day volume over the last 100 days. The company's market cap stands at $3.4 billion.
Benzinga has examined the prospects for many of investors' favorite stocks over the past week.
The past week's bullish calls included a couple of FAANG stocks and a company that just took a big hit.
Companies Reporting Before The Bell
• Lancaster Colony (NASDAQ:LANC) is likely to report quarterly earnings at $1.24 per share on revenue of $340.02 million.