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What Are Wall Street Analyst Ratings for ConocoPhillips?

What Analysts Predict for ConocoPhillips’ 1Q16 Earnings

(Continued from Prior Part)

Wall Street ratings for ConocoPhillips

Currently, ~31% of Wall Street analysts rate ConocoPhillips (COP) as a “buy,” and ~65% of analysts rate it as a “hold.” Around 4% rate the stock a “sell.” The median price target from these recommendations is $47, which is almost the same as the April 20 closing price of $47.08. Based on analysts’ median price targets, Marathon Oil (MRO) and Diamondback Energy (FANG) have potential upsides of ~1% and ~6%, respectively, whereas Occidental Petroleum (OXY) and Energen (EGN) are already trading above their median price targets by ~1% compared to their April 20 closing prices. The SPDR S&P Oil and Gas Exploration & Production ETF (XOP) generally invests at least 80% of its total assets in oil and gas exploration companies.

ConocoPhillips’ recommendations

As shown in the above table, the most recent recommendation of “outperform” comes from Bernstein. On April 18, Bernstein assigned ConocoPhillips the target price of $41, which is ~13% lower than the April 20 closing price of $47.08.

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Evercore ISI assigned ConocoPhillips the highest target price of $70, which is ~49% higher than the April 20 closing price of $47.08. Evercore ISI issued its recommendation on April 18 and is expecting the stock to reach the target within the next 12 months.

Morgan Stanley assigned ConocoPhillips the lowest target price of $30, which is ~36% lower than the April 20 closing price of $47.08. Morgan Stanley issued its recommendation in the first week of February and is expecting the stock to reach the target price within the next 12 months.

Continue to Next Part

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