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What Wall Street Analysts Predict for ConocoPhillips

Nicholas Chapman - Author

Nov. 29 2017, Updated 7:32 a.m. ET

Analyst recommendations for ConocoPhillips

On November 24, 2017, of the 21 analysts covering COP, 28.6% recommended a “strong buy,” 42.9% recommended a “buy,” while the remaining 28.6% recommended a “hold.” There weren’t any “sell” or “strong sell” recommendations on the stock.

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COP’s median target price

The median target price on ConocoPhillips’s stock is $57.00, which is ~13% higher than its November 24, 2017, closing price of $50.47.

Wall Street analyst target price changes for COP

In November, ConocoPhillips stock’s median target price has risen from $54.00 to $57.00. The most recent target price change on COP stock came from Simmons on November 22, 2017. Simmons cut COP’s target price from $59.00 to $56.00, which is ~11% higher than the November 24, 2017, closing price of $50.47.

Cowen and Company assigned ConocoPhillips a target price of $60, which is ~19% higher than the November 24, 2017, closing price of $50.47. Cowen issued its recommendation on November 9 and increased its target price on COP from $55.00 to $60.00.

On November 9, RBC Capital also raised its target price on COP from $58.00 to $60.00.

Other oil and gas producers

Based on the median price targets from Wall Street analysts, Diamondback Energy (FANG) and CONSOL Energy (CNX) have potential upsides of ~16% and ~23%, respectively, from their November 24 closing prices. Southwestern Energy (SWN) has a potential upside of ~36%. CNX and SWN are part of the SPDR S&P Midcap 400 ETF (MDY).


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