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Why ConocoPhillips Is Trading below Wall Street’s Median Target

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Current ratings

Currently, ~28.0% of Wall Street analysts rate ConocoPhillips (COP) a “strong buy.” About 36.0% of analysts rate it a “buy,” and 32.0% rate it a “hold.” On the bearish side, only ~4.0% of analysts rate it a “sell.” There’s no “strong sell” ratings for the stock.

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Target price

Wall Street analysts’ median target price for ConocoPhillips is $56.50. That’s ~11.0% higher than its January 5, 2017, closing price of $50.93.

Based on analysts’ median price targets, other upstream companies such as Carrizo Oil & Gas (CRZO), Gulfport Energy (GPOR), and Parsley Energy (PE) have potential upsides of ~22.0%, ~63.0%, and ~19.0%, respectively, from their January 5, 2017, closing prices.

The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) generally invests at least 80.0% of its total assets in oil and gas exploration companies.

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