Where Wall Street Thinks ConocoPhillips Can Trade in the Next Year



Analyst recommendations for ConocoPhillips

As of March 2, Reuters reported 22 analysts with recommendations on COP. Of these analysts, ~23% have “strong buy” ratings, ~54% have “buy” ratings, and the remaining ~23% have “hold” ratings on COP. There’s no “sell” or “strong sell” rating on the stock.

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COP’s mean target price

The mean target price for ConocoPhillips’ stock is $66.50, which is ~23% higher than its March 2 closing price of $54.06. In the last three months, ConocoPhillips stock’s mean target price has increased from $57.05 to $66.50.

Other oil and gas producers

Based on the mean price targets from Wall Street analysts, other oil and gas companies Devon Energy (DVN) and Southwestern Energy (SWN) have potential upsides of ~54% and ~46%, respectively, from their March 2 closing prices. Range Resources (RRC) has a potential upside of ~60%.  SWN and RRC are mainly natural gas producers.

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


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