ConocoPhillips (COP) Stock Forecast & Price Target

$95.12 -0.06 (-0.06%)

(As of 12/20/2024 05:45 PM ET)

ConocoPhillips - Analysts' Recommendations and Stock Price Forecast (2025)

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

Buy

Based on 18 Analyst Ratings

Sell
0

Hold
1

Buy
17

Based on 18 Wall Street analysts who have issued ratings for ConocoPhillips in the last 12 months, the stock has a consensus rating of "Buy." Out of the 18 analysts, 1 has given a hold rating, 15 have given a buy rating, and 2 have given a strong buy rating for COP.

Consensus Price Target

$136.71
43.72% Upside

According to the 18 analysts' twelve-month price targets for ConocoPhillips, the average price target is $136.71. The highest price target for COP is $165.00, while the lowest price target for COP is $114.00. The average price target represents a forecasted upside of 43.72% from the current price of $95.12.

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COP Analyst Ratings Over Time

Type	Current Forecast 12/23/23 to 12/22/24	1 Month Ago 11/23/23 to 11/22/24	3 Months Ago 9/24/23 to 9/23/24	1 Year Ago 12/23/22 to 12/23/23
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	15 Buy rating(s)	11 Buy rating(s)	12 Buy rating(s)	15 Buy rating(s)
Hold	1 Hold rating(s)	5 Hold rating(s)	4 Hold rating(s)	6 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$136.71	$137.63	$142.29	$135.35
Forecasted Upside	43.72% Upside	23.15% Upside	29.72% Upside	15.03% Upside
Consensus Rating	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	3.06	2.63	2.51
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	43.72% Upside	1,671.87% Upside	14.53% 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
12/19/2024	Piper Sandler 2 of 5 stars		Lower Target	Overweight ➝ Overweight	$135.00 ➝ $114.00	+19.22%
12/16/2024	Morgan Stanley 3 of 5 stars		Initiated Coverage	Overweight	$128.00	+26.71%
12/16/2024	Mizuho 3 of 5 stars	N. Kumar Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Outperform	$132.00 ➝ $134.00	+32.65%
12/9/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$131.00 ➝ $134.00	+27.70%
12/6/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Terreson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform	$165.00	+57.99%
12/5/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Overweight	$120.00 ➝ $123.00	+18.83%
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.
11/1/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Positive ➝ Positive	$144.00 ➝ $148.00	+36.48%
11/1/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$135.00 ➝ $137.00	+25.61%
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%
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%
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 11:47 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 Sunday, December 15, 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 quarterly earnings per share (EPS) of $1.78, exceeding analysts' expectations of $1.68, indicating strong financial performance.
The company has increased its quarterly dividend from $0.58 to $0.78, reflecting a commitment to returning value to shareholders, which translates to an annualized dividend yield of 3.09%.
ConocoPhillips has a consensus rating of "Moderate Buy" from analysts, with a price target averaging $139.18, suggesting potential for stock price appreciation.
The stock is currently trading at $101.02, which may present a buying opportunity for investors looking for value in the energy sector.
Institutional investors hold 82.36% of the company's stock, indicating strong confidence in ConocoPhillips from major financial entities.

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, indicating potential challenges in meeting growth targets.
ConocoPhillips experienced an 8.5% decline in quarterly revenue compared to the previous year, which may raise concerns about its ability to sustain growth in a competitive market.
The net margin of 17.29% and return on equity of 19.53% are solid, but they may not be sufficient to attract investors looking for higher returns in the current economic climate.
Recent analyst downgrades, such as UBS Group reducing their price target from $153.00 to $140.00, could signal a lack of confidence in the stock's near-term performance.
Market volatility in the energy sector can impact stock performance, and any geopolitical tensions or changes in oil prices could adversely affect ConocoPhillips' profitability.

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 $136.71, with a high forecast of $165.00 and a low forecast of $114.00.
: 18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ConocoPhillips in the last twelve months. There is currently 1 hold rating, 15 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" COP shares.
: According to analysts, ConocoPhillips's stock has a predicted upside of 43.72% based on their 12-month stock forecasts.
: Over the previous 90 days, ConocoPhillips's stock had 2 upgrades by analysts.
: ConocoPhillips has been rated by research analysts at Barclays, BMO Capital Markets, Evercore ISI, JPMorgan Chase & Co., Mizuho, Morgan Stanley, Piper Sandler, Scotiabank, Susquehanna, Truist Financial, and Wells Fargo & Company in the past 90 days.
: Analysts like ConocoPhillips more than other "oils/energy" companies. The consensus rating for ConocoPhillips is Buy while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how COP compares to other companies.

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This page (NYSE:COP) was last updated on 12/22/2024 by MarketBeat.com Staff

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ConocoPhillips (COP) Stock Forecast & Price Target