Barclays has revised its target price for Exxon Mobil (XOM, Financial), reducing it from $135 to $130, while maintaining an Overweight rating for the stock. This adjustment comes as part of the bank's analysis for the first quarter regarding the integrated oil and exploration sector.
The focus for the quarter is the broader economic environment, particularly how companies are faring amidst consistently low oil prices. Barclays emphasizes that firms with low break-even costs and robust balance sheets are better positioned to endure these conditions.
Furthermore, Barclays has updated its oil price forecasts, projecting $60 per barrel for 2025 and $65 per barrel for 2026, highlighting ongoing uncertainties in the market. These adjustments reflect the bank's cautious outlook on future oil price trajectories amidst a challenging macroeconomic landscape.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 25 analysts, the average target price for Exxon Mobil Corp (XOM, Financial) is $124.54 with a high estimate of $144.00 and a low estimate of $93.00. The average target implies an upside of 15.00% from the current price of $108.30. More detailed estimate data can be found on the Exxon Mobil Corp (XOM) Forecast page.
Based on the consensus recommendation from 28 brokerage firms, Exxon Mobil Corp's (XOM, Financial) average brokerage recommendation is currently 2.3, 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 Exxon Mobil Corp (XOM, Financial) in one year is $95.31, suggesting a downside of 11.99% from the current price of $108.3. 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 Exxon Mobil Corp (XOM) Summary page.
