
ConocoPhillips (COP) Stock Forecast & Price Target
ConocoPhillips (COP) Analyst Ratings
Bulls say
ConocoPhillips is on track to have a strong first quarter, with expected increases in earnings and EBITDA driven by higher commodity prices and realizations, partially offset by lower production. The company remains relatively insulated from geopolitical tensions in the Middle East and has a strong long-term outlook due to its robust resource depth and quality, commodity leverage, and limited exposure to these tensions. Overall, the company is expected to have strong performance in the future, driven by efficiencies in drilling and well performance, longer lateral developments, and the start-up of new projects.
Bears say
ConocoPhillips is facing a cash flow issue with a projected CFO of only $5.0B in the first quarter, even before WC adjustments. Additionally, the company has increased its first quarter capex to $3.2B due to ongoing construction activities in Alaska. These negative factors could have a significant impact on the company's financial performance and outlook.
This aggregate rating is based on analysts' research of ConocoPhillips and is not a guaranteed prediction by Public.com or investment advice.
ConocoPhillips (COP) Analyst Forecast & Price Prediction
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