What 8 Analyst Ratings Have To Say About ConocoPhillips
Portfolio Pulse from Benzinga Insights
Eight analysts have recently updated their ratings on ConocoPhillips (NYSE:COP), with a mix of bullish and neutral stances. The average 12-month price target is $140.38, with a high of $152.00 and a low of $125.00, marking a 1.75% decrease in the average target. Analysts from firms like Raymond James, UBS, JP Morgan, RBC Capital, Susquehanna, Jefferies, and Morgan Stanley have adjusted their ratings and price targets. ConocoPhillips is a major oil and gas producer with strong financial indicators such as a high net margin and ROE, but it has experienced a significant revenue decline in the last quarter.
December 29, 2023 | 1:00 pm
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NEUTRAL IMPACT
ConocoPhillips has received mixed analyst ratings with a slight decrease in the average price target. The company has strong financials but has seen a recent decline in revenue.
The mixed analyst ratings and slight decrease in the average price target suggest a neutral short-term impact on ConocoPhillips' stock price. The company's strong financial metrics like net margin and ROE may counterbalance the negative sentiment from the revenue decline, leading to a neutral outlook.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100