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ConocoPhillips’s Stock Price Rose in the Week Ending September 8

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ConocoPhillips’s Stock Price Rose in the Week Ending September 8 PART 3 OF 3

Wall Street: Where ConocoPhillips Could Trade in a Year

Analysts’ recommendations

As of September 8, 2017, ~72.7% of the analysts covering ConocoPhillips (COP) gave “strong buy” or “buy” recommendations on the stock. As of September 8, 2017, Reuters reported that 22 analysts gave recommendations on ConocoPhillips. Six analysts gave a “strong buy,” ten analysts gave a “buy,” and six analysts gave a “hold” recommendation on ConocoPhillips. There weren’t any “sell” or “strong sell” recommendations on the stock.

Wall Street: Where ConocoPhillips Could Trade in a Year

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Median target price

The median target price for ConocoPhillips stock is $51.50, which is ~16% higher than its closing price of $44.47 on September 8, 2017.

Analysts’ recommendation changes 

In the last three months, the number of analysts that gave a “strong buy” recommendation on ConocoPhillips stock fell from seven to six. The number of “buy” recommendations fell from 11 to ten. The number of “hold,” “sell,” and “strong sell” ratings didn’t change.

In the last three months, ConocoPhillips’s median target price fell from $60.00 to $51.50

Other oil and gas producers

Based on the median target prices from Wall Street analysts, oil and gas companies Diamondback Energy (FANG) and Consol Energy (CNX) have potential upsides of ~27% and ~40%, respectively, from their closing prices on September 8. Southwestern Energy (SWN) has a potential upside of ~48%. Consol Energy and Southwestern Energy are primarily natural gas (UNG) producers. They operate in the Appalachia region in the US.

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