Analyst recommendations for ConocoPhillips
As of June 22, Reuters reported 24 analysts with recommendations on ConocoPhillips (COP). Of these, ~21% of analysts have “strong buy” ratings and ~46% analysts have “buy” recommendations while the remaining ~33% have “hold” recommendations on COP. There’s no “sell” or “strong sell” recommendation on the stock.
COP’s median target price
The median target price on ConocoPhillips’ stock is $75.50, which is ~11% higher than its June 22 closing price of $67.78.
In the last three months, ConocoPhillips stock’s median target price has increased from $68.00 to $75.50. The highest target price for COP is $85.00 and the lowest target price the stock is $67.00
Other oil and gas producers
Based on the median price targets from Wall Street analysts, other oil and gas companies Devon Energy (DVN) and Southwestern Energy (SWN) have potential upsides of ~12% and ~6%, respectively, from their June 22 closing prices. CONSOL Resources (CNX) has a potential upside of ~15%. SWN and CNX are primarily natural gas producers.