As of March 19, 2017, a total of 25 analysts gave recommendations for ConocoPhillips (COP). These recommendations include seven “strong buy,” 11 “buy,” and seven “hold” recommendations. There weren’t any “sell” or “strong sell” recommendations on the stock.
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The median target price for COP is $58.00, and the mean target price is $57.90. Based on the median target price, COP stock has a potential upside of ~27% from its closing price of $45.69 on March 17, 2017.
Last week, all of COP’s ratings remained unchanged. The stock’s median and mean target prices also stayed the same.
Based on the mean price targets of recommendations from Wall Street analysts, other oil and gas companies like Devon Energy (DVN) and Gulfport Energy (GPOR) have potential upsides of ~33% and ~83%, respectively, from their March 17 closing prices. Denbury Resources (DNR) has a potential upside of ~41%.
The SPDR S&P Oil and Gas Exploration & Production ETF (XOP) generally invests at least 80% of its total assets in oil and gas exploration companies, whereas the Energy Select Sector SPDR ETF (XLE) generally invests at least 95% of its total assets in oil and gas companies.