ConocoPhillips: Median Target Price Increased $4 Last Week
By Nicholas ChapmanMay. 21 2018, Published 3:43 p.m. ET
Analyst recommendations for ConocoPhillips
As of May 18, Reuters reported 23 analysts having recommendations for ConocoPhillips (COP) stock. About 17% of them have “strong buy” recommendations, and 48% have “buy” recommendations. The remaining 35% have “hold” recommendations. There are no “sell” or “strong sell” recommendations.
COP’s median target price
The median target price for COP stock is $75, which is 8% higher than its May 18 closing price of $69.55. Last week alone, the stock’s median target price has increased from $71 to $75.
In the last three months, the stock’s median target price has increased from $68 to $75.
Other oil and gas producers
Based on analysts’ median price targets, Devon Energy (DVN) and Southwestern Energy (SWN) have potential upsides of 12% and 28%, respectively, from their May 18 closing prices. Consol Resources (CNX) has a potential upside of 25%. SWN and CNX are primarily 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.
