Cracking The Code: Understanding Analyst Reviews For ConocoPhillips
Portfolio Pulse from Benzinga Insights
Analysts have provided mixed reviews on ConocoPhillips (NYSE:COP) over the past three months, with ratings ranging from bullish to indifferent. The average 12-month price target is $137.17, with a high of $141.00 and a low of $132.00, marking a 3.96% decrease from the previous average. Recent actions include both lowered and raised price targets by analysts from firms such as Raymond James, Mizuho, UBS, JP Morgan, and RBC Capital. ConocoPhillips is a major exploration and production firm with significant operations and reserves. Despite a recent revenue decline of -32.18%, the company maintains a strong net margin and ROA, but its ROE is below industry average. Its debt-to-equity ratio is considered healthy.
January 24, 2024 | 8:01 pm
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ConocoPhillips has received varied analyst ratings, with a recent average price target decrease to $137.17. The company's financial health shows strong net margins and ROA, but a decline in revenue and below-average ROE.
The mixed analyst ratings and the recent decrease in the average price target suggest a neutral short-term impact on ConocoPhillips' stock price. The company's strong net margin and ROA are positive indicators, while the revenue decline and lower ROE may raise concerns among investors. The overall impact is balanced, with no clear direction indicated by the analysts' revisions.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100