ConocoPhillips (COP) Stock Forecast, Price Target & Predictions


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COP Stock Forecast


ConocoPhillips stock forecast is as follows: an average price target of $123.86 (represents a 19.67% upside from COP’s last price of $103.50) and a rating consensus of 'Buy', based on 15 wall street analysts offering a 1-year stock forecast.

COP Price Target


The average price target for ConocoPhillips (COP) is $123.86 based on 1-year price targets from 15 Wall Street analysts in the past 3 months, with a price target range of $166.00 to $70.00. This represents a potential 19.67% upside from COP's last price of $103.50.

COP Analyst Ratings


Buy

According to 15 Wall Street analysts, ConocoPhillips's rating consensus is 'Buy'. The analyst rating breakdown for COP stock is 1 'Strong Buy' (6.67%), 11 'Buy' (73.33%), 3 'Hold' (20.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

ConocoPhillips Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 04, 2024Biju PerincherilSusquehanna$147.00$109.8533.82%42.03%
Aug 18, 2024Betty JiangBarclays$156.00$111.1840.31%50.72%
Jun 05, 2024Nitin KumarMizuho Securities$132.00$112.2717.57%27.54%
Jun 03, 2024Neal DingmannTruist Financial$165.00$116.4841.66%59.42%
May 30, 2024Josh SilversteinUBS$166.00$115.2544.03%60.39%
May 30, 2024Betty JiangBarclays$160.00$115.2538.83%54.59%
May 15, 2024Scott HanoldRBC Capital$140.00$121.0415.66%35.27%
Apr 29, 2024Neal DingmannTruist Financial$160.00$129.5323.52%54.59%
Apr 18, 2024Ryan ToddPiper Sandler$157.00$128.3322.34%51.69%
Apr 10, 2024Roger ReadWells Fargo$149.00$132.2512.67%43.96%
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The latest ConocoPhillips stock forecast, released on Sep 04, 2024 by Biju Perincheril from Susquehanna, set a price target of $147.00, which represents a 33.82% increase from the stock price at the time of the forecast ($109.85), and a 42.03% increase from COP last price ($103.50).

ConocoPhillips Price Target by Period


1M3M12M
# Anlaysts2213
Avg Price Target$151.50$151.50$149.15
Last Closing Price$103.50$103.50$103.50
Upside/Downside46.38%46.38%44.11%

In the current month, the average price target of ConocoPhillips stock is $151.50, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 46.38% increase as opposed to ConocoPhillips's last price of $103.50. This month's average price target is down 0.00% compared to last quarter, and up 1.58% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 13, 2024UBSUnderperformUnderperformHold
Sep 13, 2024Wells FargoSector PerformSector PerformHold
Sep 04, 2024SusquehannaPositivePositiveHold
Aug 18, 2024BarclaysOverweightOverweightHold
May 30, 2024UBSBuyBuyHold
May 30, 2024BarclaysOverweightOverweightHold
May 15, 2024RBC CapitalOutperformOutperformHold
Apr 18, 2024Piper SandlerOverweightOverweightHold
Mar 28, 2024Morgan StanleyOverweightOverweightHold
Dec 29, 2023Raymond JamesStrong BuyStrong BuyHold
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ConocoPhillips's last stock rating was published by UBS on Sep 13, 2024. The company gave COP a "Underperform" rating, the same as its previous rate.

ConocoPhillips Financial Forecast


ConocoPhillips Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue-------------$14.87B$12.35B$14.81B$18.56B$21.01B$21.16B$17.76B$15.12B$11.33B$9.56B$9.83B$5.49B$4.39B$2.75B$6.16B$7.71B$7.76B
Avg Forecast$17.32B$17.26B$17.07B$16.95B$17.67B$17.38B$16.33B$17.00B$15.09B$14.73B$14.96B$14.96B$15.15B$14.97B$14.74B$15.78B$18.20B$18.04B$19.56B$17.32B$13.45B$10.72B$9.91B$8.46B$5.67B$5.19B$4.23B$6.24B$8.07B$7.92B
High Forecast$20.88B$20.81B$20.59B$20.44B$21.31B$20.95B$19.70B$20.50B$18.20B$17.18B$18.04B$18.04B$15.88B$17.14B$17.77B$19.02B$21.94B$21.75B$23.13B$20.48B$15.91B$12.68B$11.71B$10.00B$6.71B$6.13B$5.00B$7.38B$9.54B$9.37B
Low Forecast$15.85B$15.79B$15.63B$15.51B$16.17B$15.90B$14.95B$15.56B$13.81B$13.54B$13.69B$13.69B$13.43B$13.15B$13.49B$14.44B$16.65B$16.51B$17.89B$15.84B$12.31B$9.81B$9.06B$7.74B$5.19B$4.75B$3.87B$5.71B$7.38B$7.25B
# Analysts644643744974596437434744433322
Surprise %-------------0.99%0.84%0.94%1.02%1.16%1.08%1.03%1.12%1.06%0.96%1.16%0.97%0.85%0.65%0.99%0.95%0.98%

ConocoPhillips's average Quarter revenue forecast for Dec 23 based on 5 analysts is $15.15B, with a low forecast of $13.43B, and a high forecast of $15.88B. COP's average Quarter revenue forecast represents a 1.89% increase compared to the company's last Quarter revenue of $14.87B (Sep 23).

ConocoPhillips EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts644643744974596437434744433322
EBITDA-------------$6.39B$5.61B$6.62B$7.46B$9.52B$9.41B$9.21B$6.43B$5.54B$5.23B$3.89B$714.00M$1.16B$1.43B$89.00M$3.01B$5.31B
Avg Forecast$6.91B$6.89B$6.81B$6.77B$7.05B$6.94B$6.52B$6.79B$6.02B$5.88B$5.97B$11.14B$6.05B$5.98B$5.88B$10.13B$7.26B$5.84B$7.81B$9.21B$5.37B$4.28B$3.95B$2.52B$2.26B$2.07B$1.69B$17.08M$3.22B$3.16B
High Forecast$8.33B$8.31B$8.22B$8.16B$8.51B$8.36B$7.86B$8.18B$7.26B$6.86B$7.20B$13.37B$6.34B$6.84B$7.09B$12.15B$8.76B$7.01B$9.23B$11.05B$6.35B$5.06B$4.67B$3.02B$2.68B$2.45B$2.00B$20.49M$3.81B$3.74B
Low Forecast$6.33B$6.30B$6.24B$6.19B$6.46B$6.35B$5.97B$6.21B$5.51B$5.41B$5.46B$8.91B$5.36B$5.25B$5.38B$8.10B$6.65B$4.68B$7.14B$7.37B$4.91B$3.92B$3.62B$2.01B$2.07B$1.89B$1.54B$13.66M$2.95B$2.89B
Surprise %-------------1.07%0.95%0.65%1.03%1.63%1.20%1.00%1.20%1.29%1.32%1.55%0.32%0.56%0.85%5.21%0.94%1.68%

5 analysts predict COP's average Quarter EBITDA for Dec 23 to be $6.05B, with a high of $6.34B and a low of $5.36B. This is -5.37% lower than ConocoPhillips's previous annual EBITDA (Sep 23) of $6.39B.

ConocoPhillips Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts644643744974596437434744433322
Net Income-------------$2.80B$2.23B$2.92B$3.25B$4.53B$5.14B$5.76B$2.63B$2.38B$2.09B$982.00M$-772.00M$-450.00M$260.00M$-1.74B$720.00M$3.06B
Avg Forecast$3.21B$3.11B$3.01B$3.02B$2.99B$2.88B$2.66B$2.72B$2.62B$2.43B$2.30B$6.42B$2.45B$2.48B$2.25B$5.83B$3.19B$2.54B$4.52B$5.30B$2.56B$1.78B$1.29B$635.41M$-297.26M$-369.64M$-674.19M$-1.35B$938.50M$843.50M
High Forecast$4.08B$3.94B$3.81B$3.83B$3.78B$3.65B$3.38B$3.45B$3.32B$2.83B$2.91B$7.70B$2.58B$3.05B$2.86B$7.00B$4.04B$3.04B$5.59B$6.36B$3.16B$2.20B$1.59B$762.49M$-264.29M$-328.64M$-599.40M$-1.08B$1.16B$1.04B
Low Forecast$2.86B$2.77B$2.68B$2.69B$2.66B$2.56B$2.37B$2.42B$2.33B$2.01B$2.04B$5.13B$2.42B$1.97B$2.01B$4.67B$2.83B$2.03B$4.02B$4.24B$2.27B$1.58B$1.14B$508.33M$-367.71M$-457.25M$-833.99M$-1.62B$834.40M$749.94M
Surprise %-------------1.13%0.99%0.50%1.02%1.78%1.14%1.09%1.03%1.34%1.62%1.55%2.60%1.22%-0.39%1.29%0.77%3.62%

ConocoPhillips's average Quarter net income forecast for Dec 23 is $2.45B, with a range of $2.42B to $2.58B. COP's average Quarter net income forecast represents a -12.42% decrease compared to the company's last Quarter net income of $2.80B (Sep 23).

ConocoPhillips SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts644643744974596437434744433322
SG&A-------------$169.00M$205.00M$159.00M$192.00M$148.00M$96.00M$187.00M$163.00M$128.00M$117.00M$311.00M$181.00M$96.00M$156.00M$-3.00M$187.00M$87.00M
Avg Forecast$258.79M$257.88M$255.17M$253.33M$264.11M$259.68M$244.08M$254.10M$225.56M$220.19M$223.51M$208.35M$226.36M$223.76M$220.21M$189.41M$271.94M$136.52M$292.32M$172.19M$201.05M$160.27M$148.03M$201.24M$84.75M$77.53M$63.23M$-2.33M$120.65M$118.41M
High Forecast$312.07M$310.98M$307.70M$305.49M$318.49M$313.15M$294.34M$306.42M$272.00M$256.76M$269.54M$250.02M$237.31M$256.17M$265.55M$227.29M$327.93M$163.82M$345.62M$206.63M$237.71M$189.49M$175.02M$241.48M$100.20M$91.66M$74.76M$-1.86M$142.64M$140.00M
Low Forecast$236.85M$236.02M$233.54M$231.85M$241.72M$237.67M$223.39M$232.56M$206.44M$202.40M$204.57M$166.68M$200.71M$196.54M$201.54M$151.53M$248.89M$109.22M$267.38M$137.75M$183.90M$146.59M$135.40M$160.99M$77.52M$70.91M$57.83M$-2.79M$110.35M$108.31M
Surprise %-------------0.76%0.93%0.84%0.71%1.08%0.33%1.09%0.81%0.80%0.79%1.55%2.14%1.24%2.47%1.29%1.55%0.73%

ConocoPhillips's average Quarter SG&A projection for Dec 23 is $226.36M, based on 5 Wall Street analysts, with a range of $200.71M to $237.31M. The forecast indicates a 33.94% rise compared to COP last annual SG&A of $169.00M (Sep 23).

ConocoPhillips EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts644643744974596437434744433322
EPS-------------$2.34$1.84$2.38$2.61$3.56$3.98$4.41$2.00$1.78$1.55$0.75$-0.72$-0.42$0.24$-1.60$0.66$2.76
Avg Forecast$2.75$2.66$2.57$2.58$2.55$2.46$2.28$2.33$2.24$2.08$1.96$2.04$2.09$2.12$1.93$2.06$2.72$3.41$3.86$3.17$2.19$1.52$1.10$0.54$-0.25$-0.32$-0.58$0.16$0.80$0.72
High Forecast$3.48$3.37$3.26$3.27$3.23$3.12$2.89$2.95$2.84$2.42$2.49$2.58$2.20$2.61$2.44$2.61$3.45$4.33$4.77$3.92$2.70$1.88$1.36$0.67$-0.23$-0.28$-0.51$0.20$0.99$0.89
Low Forecast$2.44$2.36$2.29$2.30$2.27$2.19$2.03$2.07$1.99$1.72$1.75$1.81$2.06$1.69$1.71$1.83$2.42$3.04$3.43$2.82$1.94$1.35$0.98$0.48$-0.31$-0.39$-0.71$0.14$0.71$0.64
Surprise %-------------1.11%0.96%1.16%0.96%1.04%1.03%1.39%0.92%1.17%1.41%1.38%2.83%1.33%-0.42%-10.12%0.82%3.83%

According to 5 Wall Street analysts, ConocoPhillips's projected average Quarter EPS for Dec 23 is $2.09, with a low estimate of $2.06 and a high estimate of $2.20. This represents a -10.52% decrease compared to COP previous annual EPS of $2.34 (Sep 23).

ConocoPhillips Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
APAAPA$23.94$43.5281.79%Buy
DVNDevon Energy$39.45$64.0462.33%Buy
PRPermian Resources$13.49$18.2535.29%Buy
CTRACoterra Energy$22.78$29.5329.63%Buy
OXYOccidental Petroleum$51.05$62.3522.14%Buy
COPConocoPhillips$103.50$123.8619.67%Buy
EOGEOG Resources$119.37$131.7910.40%Buy
FANGDiamondback Energy$172.42$182.385.78%Buy
HESHess$128.57$132.793.28%Hold

COP Forecast FAQ


Yes, according to 15 Wall Street analysts, ConocoPhillips (COP) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 11 'Buy' recommendations, accounting for 80.00% of COP's total ratings.

ConocoPhillips (COP) average price target is $123.86 with a range of $70 to $166, implying a 19.67% from its last price of $103.5. The data is based on 15 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for COP stock, the company can go up by 19.67% (from the last price of $103.5 to the average price target of $123.86), up by 60.39% based on the highest stock price target, and down by -32.37% based on the lowest stock price target.

COP's average twelve months analyst stock price target of $123.86 does not support the claim that ConocoPhillips can reach $200 in the near future.

2 Wall Street analysts forecast a $151.5 price target for ConocoPhillips (COP) this month, up 46.38% from its last price of $103.5. Compared to the last 3 and 12 months, the average price target increased by 46.38% and increased by 44.11%, respectively.

ConocoPhillips's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $68.39B (high $82.47B, low $62.59B), average EBITDA is $27.29B (high $32.91B, low $24.98B), average net income is $11.25B (high $14.26B, low $10.01B), average SG&A $1.02B (high $1.23B, low $935.35M), and average EPS is $9.61 (high $12.19, low $8.55). COP's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $68.6B (high $82.72B, low $62.78B), average EBITDA is $27.38B (high $33.02B, low $25.06B), average net income is $12.35B (high $15.66B, low $10.99B), average SG&A $1.03B (high $1.24B, low $938.26M), and average EPS is $10.55 (high $13.38, low $9.39).

Based on ConocoPhillips's last annual report (Dec 2023), the company's revenue was $82.16B, beating the average analysts forecast of $60.63B by 35.50%. Apple's EBITDA was $16.29B, missing the average prediction of $28.03B by -41.89%. The company's net income was $10.96B, missing the average estimation of $13.01B by -15.80%. Apple's SG&A was $0, missing the average forecast of $859.74M by -100.00%. Lastly, the company's EPS was $14.62, beating the average prediction of $8.19 by 78.41%. In terms of the last quarterly report (Sep 2023), ConocoPhillips's revenue was $14.87B, missing the average analysts' forecast of $14.97B by -0.71%. The company's EBITDA was $6.39B, beating the average prediction of $5.98B by 6.91%. ConocoPhillips's net income was $2.8B, beating the average estimation of $2.48B by 13.03%. The company's SG&A was $169M, missing the average forecast of $223.76M by -24.47%. Lastly, the company's EPS was $2.34, beating the average prediction of $2.12 by 10.62%