How Wall Street Ratings for COP Have Changed in the Last Week
As of April 14, 2017, 24 total analysts provided recommendations on ConocoPhillips (COP). These recommendations include seven “strong buy,” 11 “buy,” and six “hold” ratings. There weren’t any “sell” or “strong sell” recommendations for the stock.
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The median target price for COP is $58, whereas the mean target price is $59.42. Based on the mean target price, COP stock has a potential upside of ~22% from its closing price of $48.68 on April 13, 2017.
How COP’s recommendations have changed over the week
Last week, there weren’t any changes in analysts’ ratings for COP stock. Last week, ConocoPhillips’s median target price remained unchanged, whereas its mean target price has risen from $59.37 to $59.42. There’s a possibility of more ratings and target price changes given the San Juan asset divestiture news.
Other oil and gas producers
Based on the mean price targets from Wall Street analysts, Carrizo Oil & Gas (CRZO) and Gulfport Energy (GPOR) have potential upsides of ~60% and ~77%, respectively, from their April 13 closing prices. Denbury Resources (DNR) has a potential upside of ~32%.
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.