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.
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.