ConocoPhillips (COP) Stock Forecast & Price Target

$111.75 -0.15 (-0.13%)

(As of 11/22/2024 ET)

ConocoPhillips - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 18 Analyst Ratings

Sell
0

Hold
5

Buy
13

Based on 18 Wall Street analysts who have issued ratings for ConocoPhillips in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 18 analysts, 5 have given a hold rating, 11 have given a buy rating, and 2 have given a strong buy rating for COP.

Consensus Price Target

$137.63
23.15% Upside

According to the 18 analysts' twelve-month price targets for ConocoPhillips, the average price target is $137.63. The highest price target for COP is $159.00, while the lowest price target for COP is $115.00. The average price target represents a forecasted upside of 23.15% from the current price of $111.75.

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COP Analyst Ratings Over Time

Type	Current Forecast 11/25/23 to 11/24/24	1 Month Ago 10/26/23 to 10/25/24	3 Months Ago 8/27/23 to 8/26/24	1 Year Ago 11/25/22 to 11/25/23
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	11 Buy rating(s)	11 Buy rating(s)	13 Buy rating(s)	16 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$137.63	$136.94	$143.65	$135.63
Forecasted Upside	23.15% Upside	31.01% Upside	26.49% Upside	17.44% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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COP Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

COP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

ConocoPhillips Stock vs. The Competition

Type	ConocoPhillips	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.83	2.63	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	23.15% Upside	1,453.22% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent COP News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/1/2024	Mizuho 2 of 5 stars		Boost Target	Neutral ➝ Neutral	$129.00 ➝ $132.00	+23.36%
11/1/2024	Susquehanna 2 of 5 stars		Boost Target	Positive ➝ Positive	$144.00 ➝ $148.00	+36.48%
11/1/2024	Barclays 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$135.00 ➝ $137.00	+25.61%
10/18/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Sector Perform ➝ Sector Perform
10/11/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$139.00 ➝ $126.00	+12.64%
10/10/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform ➝ Sector Perform	$120.00 ➝ $115.00	+2.56%
Get the Latest News and Ratings for COP and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for ConocoPhillips and its competitors with MarketBeat's FREE daily newsletter.
10/4/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$123.00 ➝ $125.00	+9.66%
9/30/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$145.00 ➝ $138.00	+32.29%
9/18/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$153.00 ➝ $140.00	+29.14%
9/13/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$140.00 ➝ $140.00	+35.48%
7/18/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Leggate Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$145.00	+24.90%
7/17/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$147.00 ➝ $132.00	+13.63%
6/14/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy	$147.00	+32.60%
6/7/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Selesky Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
5/30/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Strong-Buy ➝ Strong-Buy	$155.00 ➝ $159.00	+39.71%
4/18/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$145.00 ➝ $157.00	+22.56%
3/28/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$123.00 ➝ $129.00	+1.03%
12/14/2023	Johnson Rice Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Accumulate ➝ Hold
10/2/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$141.00 ➝ $143.00	+22.39%
9/8/2023	Erste Group Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
7/12/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$145.00 ➝ $140.00	+30.31%
4/5/2023	Societe Generale Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Hold	$105.00	-1.22%
2/3/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$145.00 ➝ $140.00	+25.73%
2/3/2023	Capital One Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Johnston Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Overweight ➝ Equal Weight	$102.00	-8.40%
2/1/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	L. Mariani Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 04:46 PM ET.

Should I Buy ConocoPhillips Stock? COP Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, November 21, 2024. Please send any questions or comments about these ConocoPhillips pros and cons to contact@marketbeat.com.

ConocoPhillips
Bull Case

Here are some ways that investors could benefit from investing in ConocoPhillips:

ConocoPhillips recently reported a strong earnings per share (EPS) of $1.78, exceeding analysts' expectations of $1.68, indicating robust financial performance.
The company has increased its quarterly dividend to $0.78 per share, reflecting a commitment to returning value to shareholders, which translates to an annualized dividend of $3.12 and a yield of 2.76%.
ConocoPhillips has a solid return on equity of 19.53%, suggesting effective management and profitability relative to shareholder equity.
The current stock price is $113.24, which is within a reasonable range compared to its one-year high of $135.18, potentially offering a good entry point for investors.
Analysts have a consensus rating of "Moderate Buy" for ConocoPhillips, with a price target averaging $137.63, indicating potential for price appreciation.

ConocoPhillips
Bear Case

Investors should be bearish about investing in ConocoPhillips for these reasons:

The company's revenue for the latest quarter was $13.60 billion, which fell short of analysts' expectations of $13.97 billion, raising concerns about future growth.
ConocoPhillips experienced an 8.5% decline in revenue compared to the same quarter last year, indicating potential challenges in maintaining sales levels.
The company reported a decrease in EPS from $2.16 in the same quarter last year to $1.78, which may signal declining profitability.
Despite a strong dividend increase, the payout ratio stands at 37.10%, which, while manageable, could limit future dividend growth if earnings do not improve.
The stock has a beta of 1.21, suggesting it is more volatile than the market, which could pose risks for investors seeking stability.

COP Forecast - Frequently Asked Questions

: According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for ConocoPhillips is $137.63, with a high forecast of $159.00 and a low forecast of $115.00.
: 18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ConocoPhillips in the last year. There are currently 5 hold ratings, 11 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" COP shares.
: According to analysts, ConocoPhillips's stock has a predicted upside of 23.15% based on their 12-month stock forecasts.
: ConocoPhillips has been rated by research analysts at Barclays, BMO Capital Markets, JPMorgan Chase & Co., Mizuho, Royal Bank of Canada, Scotiabank, Susquehanna, Truist Financial, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like ConocoPhillips more than other "oils/energy" companies. The consensus rating score for ConocoPhillips is 2.83 while the average consensus rating score for "oils/energy" companies is 2.63. Learn more on how COP compares to other companies.

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This page (NYSE:COP) was last updated on 11/24/2024 by MarketBeat.com Staff

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ConocoPhillips (COP) Stock Forecast & Price Target