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Analyst Recommendations for ConocoPhillips Ahead of 4Q15 Earnings

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ConocoPhillips’s analyst recommendations

In the weeks leading up to ConocoPhillips’s (COP) earnings release for the fourth quarter of 2015, Wall Street analysts provided target prices for the next 12 months.

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Consensus rating for ConocoPhillips

Approximately 48% of analysts rate ConocoPhillips a “buy,” 44% rate it a “hold,” and 8% rate it a “sell.” The average broker target price of $54.43 for ConocoPhillips implies a return of around ~57% in the next 12 months. Upstream peers such as Apache (APA) and Anadarko Petroleum (APC) have average broker target prices of $49.80 and $68.60, respectively. These figures imply returns of ~53% and ~138%, respectively, in the next 12 months.

High, low, and median analyst target prices for ConocoPhillips are $77, $36, and $50, respectively. The median target price of $50 indicates positive returns of about ~44% compared with current levels over the next 12 months.

ConocoPhillips is a component of the Energy Select Sector SPDR ETF (XLE). The XLE ETF invests ~3.7% of its portfolio in the company.

Analysts’ target prices for COP

In terms of individual recommendations, Evercore, Société Générale, and RBC Capital gave ConocoPhillips the most optimistic target prices of $70, $60, and $61, respectively. These target prices imply returns of around 101%, ~76%, and ~73%, respectively, in the next 12 months.

Barclays (BCS) and Scotia Howard Weil also gave optimistic price targets of $50 and $55, respectively, implying respective returns of ~44% and 58% in the next 12 months.

The lowest targets were given by UBS (OUBS), JPMorgan Chase (JPM), and Morgan Stanley (MS), which gave ConocoPhillips target prices of $42, $43, and $45, respectively. These figures imply returns of ~21%, ~24%, and ~30%, respectively, over the next year. You can check out ConocoPhillips: the Investor’s Guide You’ve Been Waiting For for a detailed overview of the company.

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