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COP on the Street: What Analysts Are Saying about ConocoPhillips

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Aug. 31 2017, Updated 9:36 a.m. ET

COP’s recommendations

As of August 24, 2017, ~45.5% of the analysts covering ConocoPhillips (COP) have given a “hold” recommendation on the stock. As of August 24, 22 were providing recommendations on COP. These include six “strong buy,” ten “buy,” and six “hold” recommendations. ConocoPhillips’s stock has no “sell” or “strong sell” recommendations.

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COP’s target price

The median target price for COP stock from the above Wall Street analysts is $54.00, which is ~25% higher than its closing price of $43.30 on August 24.

The mean target price for COP from these recommendations is $51.89, which is lower than the median target price.

How COP’s recommendations have changed in the past month

In the past month, the number of “strong buy” recommendations for COP stock has risen from five to six, while the number of “hold” recommendations for COP stock has fallen from seven to six. The “buy,” “sell,” and “strong sell” ratings have remained unchanged.

In the past month, ConocoPhillips’s median target price has remained unchanged, while its mean target price has fallen from $52.26 to $51.89.

Other oil and gas producers

By comparison, Cobalt International Energy (CIE) and Southwestern Energy (SWN) have potential upsides of ~373% and ~58%, respectively, from their closing prices on August 24. EOG Resources (EOG) has a potential upside of ~24%, based on the mean price targets from Wall Street analysts covering the stock.

Notably, Southwestern Energy is a natural gas producer, while EOG is primarily a crude oil producer. CIE operates in the US Gulf of Mexico, and the Energy Select Sector SPDR ETF (XLE) generally invests at least 95% of its total assets in oil and gas companies.

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