Decoding 12 Analyst Evaluations For ConocoPhillips

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Throughout the last three months, 12 analysts have evaluated ConocoPhillips (NYSE:COP), offering a diverse set of opinions from bullish to bearish.

The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 3 6 3 0 0
Last 30D 1 0 0 0 0
1M Ago 1 4 1 0 0
2M Ago 0 2 1 0 0
3M Ago 1 0 1 0 0

The 12-month price targets, analyzed by analysts, offer insights with an average target of $145.58, a high estimate of $170.00, and a low estimate of $120.00. This upward trend is evident, with the current average reflecting a 4.73% increase from the previous average price target of $139.00.

price target chart

Analyzing Analyst Ratings: A Detailed Breakdown

An in-depth analysis of recent analyst actions unveils how financial experts perceive ConocoPhillips. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Neal Dingmann Truist Securities Lowers Buy $160.00 $170.00
Biju Perincheril Susquehanna Raises Positive $154.00 $133.00
Ryan Todd Piper Sandler Raises Overweight $157.00 $145.00
Paul Cheng Scotiabank Raises Sector Perform $135.00 $120.00
Roger Read Wells Fargo Raises Overweight $149.00 $141.00
Betty Jiang Barclays Announces Overweight $158.00 -
Neal Dingmann Truist Securities Lowers Buy $170.00 $173.00
Devin McDermott Morgan Stanley Raises Overweight $129.00 $123.00
Nitin Kumar Mizuho Raises Neutral $139.00 $132.00
Ryan Todd Piper Sandler Lowers Overweight $133.00 $139.00
Josh Silverstein UBS Raises Buy $143.00 $138.00
Paul Cheng Scotiabank Raises Sector Perform $120.00 $115.00

Key Insights:

  • Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to ConocoPhillips. This insight gives a snapshot of analysts' perspectives on the current state of the company.
  • Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of ConocoPhillips compared to the broader market.
  • Price Targets: Gaining insights, analysts provide estimates for the future value of ConocoPhillips's stock. This comparison reveals trends in analysts' expectations over time.

Capture valuable insights into ConocoPhillips's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.

Stay up to date on ConocoPhillips analyst ratings.

About ConocoPhillips

ConocoPhillips is a US-based independent exploration and production firm. In 2023, it produced 1.2 million barrels per day of oil and natural gas liquids and 3.1 billion cubic feet per day of natural gas, primarily from Alaska and the Lower 48 in the United States and Norway in Europe and several countries in Asia-Pacific and the Middle East. Proven reserves at year-end 2023 were 6.8 billion barrels of oil equivalent.

ConocoPhillips's Financial Performance

Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.

Decline in Revenue: Over the 3 months period, ConocoPhillips faced challenges, resulting in a decline of approximately -20.63% in revenue growth as of 31 December, 2023. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Energy sector.

Net Margin: ConocoPhillips's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 20.18%, the company may face hurdles in effective cost management.

Return on Equity (ROE): ConocoPhillips's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 6.13%, the company may face hurdles in achieving optimal financial performance.

Return on Assets (ROA): ConocoPhillips's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 3.14%, the company may face hurdles in achieving optimal financial performance.

Debt Management: ConocoPhillips's debt-to-equity ratio is below the industry average at 0.38, reflecting a lower dependency on debt financing and a more conservative financial approach.

The Core of Analyst Ratings: What Every Investor Should Know

Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.

Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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