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ConocoPhillips (COP) Stock Forecast & Price Target

ConocoPhillips logo
$105.98 -0.16 (-0.15%)
(As of 12:15 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

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
29.86% 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 29.86% from the current price of $105.98.
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COP Analyst Ratings Over Time

TypeCurrent Forecast
12/4/23 to 12/3/24
1 Month Ago
11/4/23 to 11/3/24
3 Months Ago
9/5/23 to 9/4/24
1 Year Ago
12/4/22 to 12/4/23
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$137.47$143.24$135.63
Forecasted Upside29.86% Upside27.48% Upside31.94% Upside18.42% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

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.
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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.
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ConocoPhillips Stock vs. The Competition

TypeConocoPhillipsOils/Energy CompaniesS&P 500
Consensus Rating Score
2.83
2.63
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside29.66% Upside1,430.38% Upside6.71% Upside
News Sentiment Rating
Positive News

See Recent COP News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/1/2024Mizuho
2 of 5 stars
 Boost TargetNeutral ➝ Neutral$129.00 ➝ $132.00+23.36%
11/1/2024Susquehanna
2 of 5 stars
 Boost TargetPositive ➝ Positive$144.00 ➝ $148.00+36.48%
11/1/2024Barclays
3 of 5 stars
 Boost TargetOverweight ➝ Overweight$135.00 ➝ $137.00+25.61%
10/18/2024Wells Fargo & Company
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 Reiterated RatingSector Perform ➝ Sector Perform
10/11/2024JPMorgan Chase & Co.
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 Reiterated RatingNeutral ➝ Neutral$139.00 ➝ $126.00+12.64%
10/10/2024Scotiabank
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 Lower TargetSector Perform ➝ Sector Perform$120.00 ➝ $115.00+2.56%
10/4/2024BMO Capital Markets
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 Boost TargetOutperform ➝ Outperform$123.00 ➝ $125.00+9.66%
9/30/2024Truist Financial
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 Lower TargetBuy ➝ Buy$145.00 ➝ $138.00+32.29%
9/18/2024UBS Group
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 Lower TargetBuy ➝ Buy$153.00 ➝ $140.00+29.14%
9/13/2024Royal Bank of Canada
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 Reiterated RatingOutperform ➝ Outperform$140.00 ➝ $140.00+35.48%
7/18/2024Wolfe Research
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D. Leggate
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Initiated CoverageOutperform$145.00+24.90%
7/17/2024Sanford C. Bernstein
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 Lower TargetOutperform ➝ Outperform$147.00 ➝ $132.00+13.63%
6/14/2024Bank of America
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 Reiterated RatingBuy$147.00+32.60%
6/7/2024Argus
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W. Selesky
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UpgradeStrong-Buy
5/30/2024Raymond James
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 Reiterated RatingStrong-Buy ➝ Strong-Buy$155.00 ➝ $159.00+39.71%
4/18/2024Piper Sandler
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 Boost TargetOverweight ➝ Overweight$145.00 ➝ $157.00+22.56%
3/28/2024Morgan Stanley
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 Boost TargetOverweight ➝ Overweight$123.00 ➝ $129.00+1.03%
12/14/2023Johnson Rice
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 DowngradeAccumulate ➝ Hold
10/2/2023Jefferies Financial Group
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 Boost TargetBuy ➝ Buy$141.00 ➝ $143.00+22.39%
9/8/2023Erste Group Bank
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 UpgradeHold ➝ Buy
7/12/2023Citigroup
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 Lower Target$145.00 ➝ $140.00+30.31%
4/5/2023Societe Generale
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 UpgradeSell ➝ Hold$105.00-1.22%
2/3/2023Credit Suisse Group
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 Lower TargetOutperform$145.00 ➝ $140.00+25.73%
2/3/2023Capital One Financial
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P. Johnston
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DowngradeOverweight ➝ Equal Weight$102.00-8.40%
2/1/2023Roth Capital
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L. Mariani
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Reiterated RatingBuy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 12:31 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 1, 2024. Please send any questions or comments about these ConocoPhillips pros and cons to contact@marketbeat.com.

ConocoPhillips
Bull Case

green Wall Street bull icon

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

  • ConocoPhillips has recently reported strong earnings, with an earnings per share (EPS) of $1.78, surpassing the consensus estimate of $1.68. This indicates robust financial performance and effective management.
  • The stock is currently trading at $106.80, which may present a buying opportunity for investors looking for value in the energy sector.
  • Analysts have a consensus target price of $137.63 for ConocoPhillips, suggesting significant upside potential from the current trading price.
  • Institutional ownership is high at 82.36%, indicating strong confidence from major investors, which can be a positive signal for retail investors.
  • Recent upgrades from analysts, including a price target increase from $144.00 to $148.00, reflect positive sentiment and expectations for future growth.

ConocoPhillips
Bear Case

red Wall Street bear icon

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

  • The company reported a revenue decline of 8.5% compared to the same quarter last year, which may raise concerns about its growth trajectory.
  • ConocoPhillips has a relatively high beta of 1.21, indicating that its stock price is more volatile than the market, which could pose risks for conservative investors.
  • Recent price target reductions by some analysts, such as UBS lowering their target from $153.00 to $140.00, may signal caution regarding the stock's near-term performance.
  • The stock's 12-month high of $135.18 suggests that it may be facing resistance at higher price levels, which could limit short-term gains.
  • With a current ratio of 1.30, while still above 1, it indicates that the company has just enough current assets to cover its current liabilities, which may not provide a strong cushion in times of financial stress.

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 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 analysts is that investors should "moderate buy" COP shares.

According to analysts, ConocoPhillips's stock has a predicted upside of 29.86% 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.


This page (NYSE:COP) was last updated on 12/3/2024 by MarketBeat.com Staff
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