Analysts’ recommendations for ConocoPhillips
Of the 24 analysts covering ConocoPhillips (COP) on June 29, ~21% recommend “strong buy,” ~46% recommend “buy,” and ~33% recommend “hold.” Their mean target price for COP is $75.73, ~9% higher than its June 29 closing price of $69.62.
In the last three months, ConocoPhillips stock’s mean target price has increased from $66.76 to $75.73. The highest target price from an analyst for COP is $85, and the lowest is $67.
Other oil and gas producers
Analysts’ mean price targets for oil and gas companies stocks Devon Energy (DVN), Southwestern Energy (SWN), and CONSOL Resources (CNX) imply ~11%, ~9%, and ~14% upsides from their June 29 closing prices, respectively. SWN and CNX are primarily natural gas producers. To learn more about ConocoPhillips’s plans for the next three years, read ConocoPhillips’s 2017 Analyst and Investor Meeting: Key Takeaways.