ConocoPhillips Might Have the Most Moderate Upside


Jan. 23 2019, Updated 7:31 a.m. ET

Analysts’ estimates

ConocoPhillips (COP) might have an upside of 8.9% in the next 12 months based on analysts’ mean target price. In the fourth quarter, oil prices rose 16.3%, while ConocoPhillips rose 8.9%. Based on oil’s gains, the upside should be achievable.

Article continues below advertisement

Lower target price

On January 10, Barclays reduced the target price on ConocoPhillips from $84 to $79. On January 9, J.P. Morgan reduced the target price by $3 to $83. On the same day, Morgan Stanley lowered the target price on ConocoPhillips from $84 to $73. On January 7, UBS and BMO reduced their target price on the stock by $5 and $8, respectively. On January 18, ConocoPhillips stock closed at $67.9.

ConocoPhillips’ peers

Based on analysts’ mean target prices, Devon Energy (DVN), Apache (APA), Diamondback Energy (FANG), and Cimarex Energy (XEC) might have an upside of 34.9%, 17%, 38.7%, and 32.6%, respectively, over the next 12 months.


More From Market Realist

  • BioNano Genomics Saphyr system
    Company & Industry Overviews
    BioNano Genomics (BNGO) Stock Looks Like a Buy, Solid Opportunity
  • Delta aircraft
    Company & Industry Overviews
    Delta Air Lines Updates Mandatory Vaccine Policy, Explained
  • AMC advertisement in walkway
    Company & Industry Overviews
    Why It's Time for Most Investors to Sell AMC Entertainment Stock
  • 100 Thieves founder Matthew Haag
    Company & Industry Overviews
    Why Growing Esports Company 100 Thieves Isn't Publicly Traded
  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.