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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 $122.71 (represents a 9.74% upside from COP’s last price of $111.82) 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 $122.71 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 9.74% upside from COP's last price of $111.82.

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
Nov 01, 2024Biju PerincherilSusquehanna$148.00$107.8437.24%32.36%
Oct 11, 2024Ryan ToddPiper Sandler$135.00$110.9321.70%20.73%
Oct 11, 2024Nitin KumarMizuho Securities$129.00$110.8516.37%15.36%
Sep 04, 2024Biju PerincherilSusquehanna$147.00$109.8533.82%31.46%
Aug 18, 2024Betty JiangBarclays$156.00$111.1840.31%39.51%
Jun 05, 2024Nitin KumarMizuho Securities$132.00$112.2717.57%18.05%
Jun 03, 2024Neal DingmannTruist Financial$165.00$116.4841.66%47.56%
May 30, 2024Josh SilversteinUBS$166.00$115.2544.03%48.45%
May 30, 2024Betty JiangBarclays$160.00$115.2538.83%43.09%
May 15, 2024Scott HanoldRBC Capital$140.00$121.0415.66%25.20%
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The latest ConocoPhillips stock forecast, released on Nov 01, 2024 by Biju Perincheril from Susquehanna, set a price target of $148.00, which represents a 37.24% increase from the stock price at the time of the forecast ($107.84), and a 32.36% increase from COP last price ($111.82).

ConocoPhillips Price Target by Period

1M3M12M
# Anlaysts1516
Avg Price Target$148.00$143.00$146.94
Last Closing Price$111.82$111.82$111.82
Upside/Downside32.36%27.88%31.41%

In the current month, the average price target of ConocoPhillips stock is $148.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 32.36% increase as opposed to ConocoPhillips's last price of $111.82. This month's average price target is up 3.50% compared to last quarter, and up 0.72% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 18, 2024Wells FargoSector PerformSector PerformHold
Oct 11, 2024Piper SandlerOverweightOverweightHold
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
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ConocoPhillips's last stock rating was published by Wells Fargo on Oct 18, 2024. The company gave COP a "Sector Perform" 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$16.79B$16.65B$16.40B$16.36B$16.39B$16.03B$15.52B$15.36B$13.77B$13.97B$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$18.33B$18.18B$17.90B$17.86B$17.90B$17.50B$16.94B$17.68B$15.11B$14.39B$14.96B$14.96B$15.88B$17.14B$16.08B$17.22B$19.86B$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
Low Forecast$15.63B$15.50B$15.27B$15.23B$15.26B$14.92B$14.45B$14.41B$13.42B$13.56B$14.96B$14.96B$13.43B$13.15B$13.72B$14.68B$16.94B$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
# Analysts333344467344596437434744433322
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
# Analysts333344467344596437434744433322
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$6.70B$6.65B$6.55B$6.53B$6.54B$6.40B$6.20B$6.13B$5.50B$5.58B$5.97B$11.14B$6.05B$5.98B$5.88B$10.13B$6.94B$7.20B$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$7.31B$7.26B$7.15B$7.13B$7.14B$6.98B$6.76B$7.06B$6.03B$5.74B$5.97B$13.37B$6.34B$6.84B$6.42B$12.15B$8.33B$7.20B$7.81B$11.05B$5.37B$4.28B$3.95B$3.02B$2.26B$2.07B$1.69B$20.49M$3.22B$3.16B
Low Forecast$6.24B$6.19B$6.09B$6.08B$6.09B$5.95B$5.77B$5.75B$5.36B$5.41B$5.97B$8.91B$5.36B$5.25B$5.47B$8.10B$5.55B$7.20B$7.81B$7.37B$5.37B$4.28B$3.95B$2.01B$2.26B$2.07B$1.69B$13.66M$3.22B$3.16B
Surprise %-------------1.07%0.95%0.65%1.08%1.32%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
# Analysts333344467344596437434744433322
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$3.00B$2.94B$2.78B$2.75B$2.48B$2.32B$2.17B$2.22B$2.13B$1.94B$2.28B$6.42B$2.44B$2.46B$2.24B$5.83B$2.77B$3.99B$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$3.35B$3.29B$3.11B$3.08B$2.78B$2.59B$2.43B$2.69B$2.48B$2.01B$2.28B$7.70B$2.56B$3.04B$2.51B$7.00B$3.32B$3.99B$4.52B$6.36B$2.56B$1.78B$1.34B$762.49M$-297.26M$-369.64M$-674.19M$-1.08B$938.50M$843.50M
Low Forecast$2.73B$2.67B$2.53B$2.51B$2.26B$2.11B$1.98B$1.60B$1.84B$1.87B$2.28B$5.13B$2.40B$1.96B$2.04B$4.67B$2.22B$3.99B$4.52B$4.24B$2.56B$1.78B$1.24B$508.33M$-297.26M$-369.64M$-674.19M$-1.62B$938.50M$843.50M
Surprise %-------------1.14%1.00%0.50%1.17%1.13%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 $2.44B, with a range of $2.40B to $2.56B. COP's average Quarter net income forecast represents a -12.95% 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
# Analysts333344467344596437434744433322
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$250.90M$248.88M$245.10M$244.50M$245.01M$239.53M$231.98M$229.47M$205.76M$208.83M$223.51M$208.35M$226.36M$223.76M$220.21M$189.41M$171.90M$269.57M$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$273.87M$271.67M$267.54M$266.88M$267.44M$261.46M$253.22M$264.22M$225.80M$215.07M$223.51M$250.02M$237.31M$256.17M$240.37M$227.29M$206.28M$269.57M$292.32M$206.63M$201.05M$160.27M$148.03M$241.48M$84.75M$77.53M$63.23M$-1.86M$120.65M$118.41M
Low Forecast$233.54M$231.66M$228.14M$227.58M$228.06M$222.96M$215.93M$215.29M$200.61M$202.59M$223.51M$166.68M$200.71M$196.54M$204.97M$151.53M$137.52M$269.57M$292.32M$137.75M$201.05M$160.27M$148.03M$160.99M$84.75M$77.53M$63.23M$-2.79M$120.65M$118.41M
Surprise %-------------0.76%0.93%0.84%1.12%0.55%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
# Analysts333344467344596437434744433322
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$2.57$2.53$2.39$2.37$2.14$1.99$1.87$1.91$1.83$1.67$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$2.88$2.83$2.67$2.65$2.39$2.23$2.09$2.31$2.13$1.73$1.96$2.04$2.20$2.61$2.15$2.31$3.05$3.41$3.86$3.17$2.19$1.52$1.14$0.54$-0.25$-0.32$-0.58$0.16$0.80$0.72
Low Forecast$2.34$2.30$2.17$2.15$1.94$1.81$1.70$1.38$1.58$1.60$1.96$2.04$2.06$1.69$1.75$1.87$2.48$3.41$3.86$3.17$2.19$1.52$1.06$0.54$-0.25$-0.32$-0.58$0.16$0.80$0.72
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$22.02$42.9595.05%Buy
DVNDevon Energy$39.11$58.8850.55%Buy
OXYOccidental Petroleum$51.12$60.8519.03%Buy
PRPermian Resources$15.13$17.9218.44%Buy
CTRACoterra Energy$25.61$29.6815.89%Buy
COPConocoPhillips$111.82$122.719.74%Buy
FANGDiamondback Energy$182.24$191.605.14%Buy
HESHess$142.80$143.190.27%Hold
EOGEOG Resources$134.35$132.29-1.53%Buy

COP Forecast FAQ

Is ConocoPhillips a good buy?

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.

What is COP's price target?

ConocoPhillips (COP) average price target is $122.71 with a range of $70 to $166, implying a 9.74% from its last price of $111.82. The data is based on 15 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will ConocoPhillips stock go up soon?

According to Wall Street analysts' prediction for COP stock, the company can go up by 9.74% (from the last price of $111.82 to the average price target of $122.71), up by 48.45% based on the highest stock price target, and down by -37.40% based on the lowest stock price target.

Can ConocoPhillips stock reach $200?

COP's average twelve months analyst stock price target of $122.71 does not support the claim that ConocoPhillips can reach $200 in the near future.

What is ConocoPhillips's current price target trend?

1 Wall Street analyst forecast a $148 price target for ConocoPhillips (COP) this month, up 32.36% from its last price of $111.82. Compared to the last 3 and 12 months, the average price target increased by 27.88% and increased by 31.41%, respectively.

What are ConocoPhillips's analysts' financial forecasts?

ConocoPhillips's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $63.3B (high $70.02B, low $59.03B), average EBITDA is $25.27B (high $27.95B, low $23.56B), average net income is $9.19B (high $10.49B, low $7.95B), average SG&A $946M (high $1.05B, low $882.24M), and average EPS is $7.9 (high $9.02, low $6.83). COP's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $66.2B (high $72.26B, low $61.62B), average EBITDA is $26.42B (high $28.84B, low $24.6B), average net income is $11.47B (high $12.83B, low $10.44B), average SG&A $989.37M (high $1.08B, low $920.91M), and average EPS is $9.86 (high $11.03, low $8.97).

Did the COP's actual financial results beat the analysts' financial forecasts?

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 $12.97B by -15.52%. 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 $2.46B by 13.71%. 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%