ConocoPhillips Stock and Analysts’ Mean Target Price



Analyst recommendations for ConocoPhillips

As of June 1, Reuters reported 22 analysts with recommendations for COP. About 18% of them have “strong buy” recommendations, and 46% have “buy” recommendations. The remaining 36% have “hold” recommendations for the stock. There are no “sell” or “strong sell” recommendations.

COP’s mean target price

The mean target price for ConocoPhillips stock is $74.35, which is 9% higher than its June 1 closing price of $68.29.

In the last three months, COP stock’s mean target price has increased from $66.50 to $74.35.

Other oil and gas producers

Based on the mean price targets of Wall Street analysts, oil and gas companies Devon Energy (DVN) and Southwestern Energy (SWN) have potential upsides of 14% and 19%, respectively, from their June 1 closing prices. Consol Resources (CNX) has a potential upside of 22%. SWN and CNX are primarily natural gas producers.

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

More From Market Realist