
ConocoPhillips (COP) Stock Forecast & Price Target
ConocoPhillips (COP) Analyst Ratings
Bulls say
ConocoPhillips is a well-established energy company with a strong track record of disciplined capital allocation and portfolio high-grading, under the leadership of outgoing CEO Ryan Lance. The company's strong portfolio and fortress balance sheet, coupled with its focus on low-cost resource depth and differentiated shareholder returns framework, positions it well for future success. In addition, the company's recent involvement in Middle Eastern oil fields and planned return of capital to shareholders further supports a positive outlook for ConocoPhillips.
Bears say
ConocoPhillips is experiencing a negative outlook, stemming from expected lower production in the upcoming quarters due to various impacts such as turnaround impacts in Alaska, Malaysia, and Norway, as well as $1.7Bn asset divestitures. Additionally, the company may face headwinds from Waha pricing in the Permian, ANS diff widening, and lower capture on price spikes. Overall, these factors suggest that ConocoPhillips may not be able to sustain its current level of performance, leading to a decrease in stock value.
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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