Analyst Price Targets — COP
Latest News for COP
Oil prices were rallying in response to the breakout of war with Iran over the weekend. The Strait of Hormuz may see ongoing disruption due to the conflict.
US energy companies were among the leading risers on Monday, as oil prices were lifted following the US and Israel's military strikes on Iran. The price of WTI crude oil climbed 6.4% to seven month high over $71 a barrel after the US-Israel launched 'Operation Epic Fury', which included the assassination of Iran's supreme leader and other senior officials.
ConocoPhillips expects to nearly double its free cash flow by 2029 at $70 oil. Oil prices could surge to $100 a barrel if Iran closes the Strait of Hormuz or attacks oil infrastructure in the Persian Gulf.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
ConocoPhillips (COP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
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