Analyst recommendations for ConocoPhillips
As of July 6, Reuters reported 23 analysts with recommendations on COP. Of them, ~22% have “strong buy” and ~48% have “buy” recommendations while the remaining ~30% have “hold” recommendations on COP. There’s no “sell” or “strong sell” recommendation on the stock.
COP’s mean target price
The mean target price on ConocoPhillips’ stock is $76.48, which is ~10% higher than its July 6 closing price of $69.65.
In the last three months, ConocoPhillips stock’s mean target price has increased from $67.05 to $76.48. The highest target price for COP is $85.00, and the lowest target price is $67.00
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 ~11% and ~6%, respectively, from their July 6 closing prices. CONSOL Resources (CNX) has the potential upside of ~19%. SWN and CNX are mainly natural gas producers.