Susquehanna has revised its price target for ConocoPhillips (COP, Financial), reducing it from $150 to $136 while maintaining a Positive outlook on the stock. This adjustment comes as the firm aligns its expectations with evolving conditions in the oil market, including updated oil price assumptions of approximately $68 per barrel in 2025 and $67 per barrel for 2026 and beyond.
Global oil demand forecasts have been tempered by the imposition of tariffs, which have contributed to a decline in oil prices at the start of the second quarter. These developments are further compounded by mounting fears of a potential recession. In addition, OPEC+ is set to begin reversing its previous voluntary production cuts of 2.2 million barrels starting in April, which will notably increase supply in the market.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 27 analysts, the average target price for ConocoPhillips (COP, Financial) is $124.74 with a high estimate of $165.00 and a low estimate of $95.00. The average target implies an upside of 42.48% from the current price of $87.55. More detailed estimate data can be found on the ConocoPhillips (COP) Forecast page.
Based on the consensus recommendation from 29 brokerage firms, ConocoPhillips's (COP, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for ConocoPhillips (COP, Financial) in one year is $113.99, suggesting a upside of 30.2% from the current price of $87.55. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the ConocoPhillips (COP) Summary page.