Conoco Phillips (COP)
NYSE: COP · IEX Real-Time Price · USD
114.35
-2.26 (-1.94%)
At close: Jul 19, 2024, 4:00 PM
114.28
-0.07 (-0.06%)
Pre-market: Jul 22, 2024, 5:20 AM EDT
Conoco Phillips Stock Forecast
Stock Price Forecast
The 15 analysts with 12-month price forecasts for Conoco Phillips stock have an average target of 144.87, with a low estimate of 120 and a high estimate of 165. The average target predicts an increase of 26.69% from the current stock price of 114.35.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for COP stock from 16 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 7 | 7 | 6 | 6 | 7 | 6 |
| Buy | 7 | 6 | 7 | 7 | 7 | 7 |
| Hold | 4 | 4 | 3 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 18 | 17 | 16 | 16 | 17 | 16 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Bernstein | Bernstein | Buy Maintains $147 → $132 | Buy | Maintains | $147 → $132 | +15.44% | Jul 17, 2024 |
| Scotiabank | Scotiabank | Hold Maintains $135 → $120 | Hold | Maintains | $135 → $120 | +4.94% | Jul 12, 2024 |
| B of A Securities | B of A Securities | Strong Buy Initiates $147 | Strong Buy | Initiates | $147 | +28.55% | Jun 14, 2024 |
| Mizuho | Mizuho | Hold Maintains $142 → $132 | Hold | Maintains | $142 → $132 | +15.44% | Jun 5, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $160 → $165 | Strong Buy | Maintains | $160 → $165 | +44.29% | Jun 3, 2024 |
Financial Forecast
Revenue This Year
59.29B
from 58.57B
Increased by 1.22%
Revenue Next Year
63.86B
from 59.29B
Increased by 7.70%
EPS This Year
8.92
from 9.06
Decreased by -1.57%
EPS Next Year
10.17
from 8.92
Increased by 14.02%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 72.8B | 91.3B | 96.1B | 51.2B | 52.1B |
| Avg | 59.3B | 63.9B | 63.4B | 49.2B | 50.1B |
| Low | 37.7B | 38.1B | 37.5B | 47.8B | 48.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 24.3% | 53.9% | 50.5% | -19.2% | 5.9% |
| Avg | 1.2% | 7.7% | -0.8% | -22.3% | 1.9% |
| Low | -35.6% | -35.8% | -41.4% | -24.6% | -1.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 11.48 | 14.76 | 16.44 | 13.25 | 15.08 |
| Avg | 8.92 | 10.17 | 10.30 | 8.77 | 10.19 |
| Low | 6.69 | 4.87 | 5.48 | 5.77 | 6.19 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 26.7% | 65.5% | 61.7% | 28.6% | 71.9% |
| Avg | -1.6% | 14.0% | 1.3% | -14.8% | 16.2% |
| Low | -26.1% | -45.4% | -46.2% | -44.0% | -29.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.