Currently, 26 analysts provide recommendations on ConocoPhillips (COP). These recommendations include seven “strong buy” ratings, 11 “buy” ratings, seven “hold” ratings, and one “sell” rating. There weren’t any “strong sell” recommendations for the stock.
The median target price from Wall Street analysts is $58.00, which is ~16% higher than the February 6 closing price of $50.09. The mean target price for COP from these recommendations is $57.77, which is slightly lower than the median target price.
How COP’s recommendations have changed since 4Q16 earnings
Since 4Q16 earnings on February 2, all COP recommendations remained unchanged. However, its median and mean target prices have risen. COP’s median target price has risen from $57.50 to $58.00, whereas its mean target price has risen from $57.73 to $57.77.
Other oil and gas producers
Based on the mean price targets of recommendations from Wall Street analysts, other oil and gas companies like Carrizo Oil & Gas (CRZO) and Gulfport Energy (GPOR) have potential upsides of ~37% and ~54%, respectively, from their February 6 closing prices. Denbury Resources (DNR) has a potential downside of ~2%.
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.