What 8 Analyst Ratings Have To Say About ConocoPhillips

ConocoPhillips -0.15%

ConocoPhillips

COP

130.05

-0.15%

In the preceding three months, 8 analysts have released ratings for ConocoPhillips (NYSE:COP), presenting a wide array of perspectives from bullish to bearish.

The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.

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

Analysts have set 12-month price targets for ConocoPhillips, revealing an average target of $140.38, a high estimate of $152.00, and a low estimate of $125.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 1.75%.

price target chart

Exploring Analyst Ratings: An In-Depth Overview

The standing of ConocoPhillips among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below 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
John Freeman Raymond James Lowers Strong Buy $140.00 $146.00
Josh Silverstein UBS Lowers Buy $138.00 $149.00
Phil Gresh JP Morgan Lowers Neutral $141.00 $153.00
Scott Hanold RBC Capital Raises Outperform $135.00 $130.00
Biju Perincheril Susquehanna Lowers Positive $152.00 $153.00
Josh Silverstein UBS Raises Buy $149.00 $147.00
Lloyd Byrne Jefferies Raises Buy $143.00 $141.00
Devin McDermott Morgan Stanley Raises Overweight $125.00 $124.00

Key Insights:

  • Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to ConocoPhillips. This information provides a snapshot of how analysts perceive 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: Analysts navigate through adjustments in price targets, providing estimates for ConocoPhillips's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.

Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of ConocoPhillips's market position. Stay informed and make well-informed decisions with our Ratings Table.

Stay up to date on ConocoPhillips analyst ratings.

Delving into ConocoPhillips's Background

ConocoPhillips is a U.S.-based independent exploration and production firm. In 2022, 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 2022 were 6.6 billion barrels of oil equivalent.

Unraveling the Financial Story of ConocoPhillips

Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.

Decline in Revenue: Over the 3 months period, ConocoPhillips faced challenges, resulting in a decline of approximately -32.18% in revenue growth as of 30 September, 2023. This signifies a reduction in the company's top-line earnings. When compared to others in the Energy sector, the company faces challenges, achieving a growth rate lower than the average among peers.

Net Margin: ConocoPhillips's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 19.64%, the company showcases strong profitability and effective cost management.

Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 5.87%, the company showcases effective utilization of equity capital.

Return on Assets (ROA): ConocoPhillips's ROA stands out, surpassing industry averages. With an impressive ROA of 3.05%, the company demonstrates effective utilization of assets and strong financial performance.

Debt Management: ConocoPhillips's debt-to-equity ratio is below the industry average. With a ratio of 0.4, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.

Understanding the Relevance of Analyst Ratings

Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.

Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.

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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