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ConocoPhillips (COP) Stock Forecast & Price Target

$114.88
+0.31 (+0.27%)
(As of 02:40 PM 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

Based on 17 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 17 analysts, 4 have given a hold rating, 11 have given a buy rating, and 2 have given a strong buy rating for COP.

Consensus Price Target

$145.07
26.28% Upside
High Forecast$165.00
Average Forecast$145.07
Low Forecast$120.00

According to the 17 analysts' twelve-month price targets for ConocoPhillips, the average price target is $145.07. The highest price target for COP is $165.00, while the lowest price target for COP is $120.00. The average price target represents a forecasted upside of 26.28% from the current price of $114.88.

TypeCurrent Forecast
7/17/23 to 7/16/24
1 Month Ago
6/17/23 to 6/16/24
3 Months Ago
4/18/23 to 4/17/24
1 Year Ago
7/17/22 to 7/17/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
2 Strong Buy rating(s)
2 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
11 Buy rating(s)
12 Buy rating(s)
11 Buy rating(s)
16 Buy rating(s)
Hold
4 Hold rating(s)
4 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$145.07$144.18$140.59$135.30
Forecasted Upside26.28% Upside22.95% Upside17.91% Upside20.79% Upside
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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.
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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
2.88
2.56
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside26.10% Upside308.17% Upside8.11% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/12/2024Scotiabank
5 of 5 stars
 Lower TargetSector Perform ➝ Sector Perform$135.00 ➝ $120.00+6.06%
6/14/2024Bank of America
4 of 5 stars
 Reiterated RatingBuy$147.00+32.60%
6/7/2024Argus
2 of 5 stars
W. Selesky
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UpgradeStrong-Buy
6/5/2024Mizuho
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 Lower TargetNeutral ➝ Neutral$142.00 ➝ $132.00+17.56%
6/3/2024Truist Financial
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 Boost TargetBuy ➝ Buy$160.00 ➝ $165.00+43.18%
5/30/2024Barclays
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 Boost TargetOverweight ➝ Overweight$158.00 ➝ $160.00+40.72%
5/30/2024Raymond James
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 Reiterated RatingStrong-Buy ➝ Strong-Buy$155.00 ➝ $159.00+39.71%
5/15/2024Royal Bank of Canada
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 Boost TargetOutperform ➝ Outperform$135.00 ➝ $140.00+15.40%
5/3/2024Wells Fargo & Company
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 Boost TargetOverweight ➝ Overweight$149.00 ➝ $151.00+23.54%
4/22/2024Susquehanna
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 Boost TargetPositive ➝ Positive$133.00 ➝ $154.00+19.03%
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%
2/14/2024UBS Group
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 Boost TargetBuy ➝ Buy$138.00 ➝ $143.00+29.41%
12/14/2023Johnson Rice
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 DowngradeAccumulate ➝ Hold
12/8/2023JPMorgan Chase & Co.
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 Lower TargetNeutral ➝ Neutral$153.00 ➝ $141.00+26.34%
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%
7/7/2023Wolfe Research
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 UpgradePeer Perform ➝ Outperform$120.00+19.59%
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
11/4/2022The Goldman Sachs Group
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 Boost TargetBuy$128.00 ➝ $142.00+5.44%
8/26/2022MKM Partners
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 Boost TargetBuy$110.00 ➝ $118.00+5.28%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 03:00 PM ET.

COP Forecast - Frequently Asked Questions

What is ConocoPhillips' forecast for 2024?

According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for ConocoPhillips is $145.07, with a high forecast of $165.00 and a low forecast of $120.00.

Should I buy or sell ConocoPhillips stock right now?

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ConocoPhillips in the last twelve months. There are currently 4 hold ratings, 11 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" COP shares.

Does ConocoPhillips's stock price have much upside?

According to analysts, ConocoPhillips's stock has a predicted upside of 23.42% based on their 12-month stock forecasts.

Has ConocoPhillips been upgraded by Wall Street analysts recently?

Over the previous 90 days, ConocoPhillips's stock had 1 upgrade by analysts.

What analysts cover ConocoPhillips?

ConocoPhillips has been rated by research analysts at Argus, Bank of America, Barclays, Mizuho, Piper Sandler, Raymond James, Royal Bank of Canada, Scotiabank, Susquehanna, Truist Financial, and Wells Fargo & Company in the past 90 days.

Do Wall Street analysts like ConocoPhillips more than its competitors?

Analysts like ConocoPhillips more than other "oils/energy" companies. The consensus rating score for ConocoPhillips is 2.88 while the average consensus rating score for "oils/energy" companies is 2.56. Learn more on how COP compares to other companies.


This page (NYSE:COP) was last updated on 7/16/2024 by MarketBeat.com Staff

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