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Where Wall Street Sees ConocoPhillips in One Year


Feb. 27 2018, Updated 9:02 a.m. ET

Analyst recommendations for ConocoPhillips

On February 23, 2018, Reuters reported that 22 analysts were tracking ConocoPhillips (COP) stock. Of these 22 analysts, ~22.7% of them have issued “strong buy” recommendations, while ~54.5% have issued “buy” recommendations, and the remaining ~22.7% analysts have “hold” recommendations on COP. There are currently no “sell” or “strong sell” recommendations for the stock.

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COP’s mean target price

The mean target price for ConocoPhillips stock is $66.55, which is ~17% higher than its February 23, 2018, closing price of $57.05. In the past three months, ConocoPhillips stock’s mean target price has risen from $57.05 to $66.55.

Other oil and gas producers

Based on the mean price targets from Wall Street analysts, oil and gas peers RSP Permian (RSPP) and Southwestern Energy (SWN) have potential upsides of ~38%, and ~78%, respectively, compared with their closing prices on February 23. Range Resources (RRC) has the potential upside of ~78%. (SWN and RRC primarily are natural gas producers.)

To learn more about ConocoPhillips’s strategic plans for the next three years, check out Market Realist’s series ConocoPhillips’s 2017 Analyst and Investor Meeting: Key Takeaways.


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