ConocoPhillips is a USA-based multinational company engaged in marketing crude oil, bitumen and liquefied natural gas on a global basis. At present, the company has operations in fourteen countries of the world. It operates in countries such as Alaska, Asia Pacific, Canada, the Middle East, Europe and North Africa.
However, it was established in 2002 and is headquartered in Houston, United States. ConocoPhillips company is listed on the New York Stock Exchange and its share price is $110.57 as of February 2023, but it was $30.80 in 2020.
But, it may reach $140.50 at the end of 2023. The market cap of the company in February 2023 is $135.04 billion and currently, its share price is undervalued.
The company reported total revenue of $20,160 million, a net income of $4,520.7 million and a net profit margin of 20.98% in its quarterly financial report on Sep-22. And also the dividend yield is 4.84%. And also, the estimated share price targets for ConocoPhillips stock could be $205.30 to $225.50 in 2025 and $305.75 to $345.75 in 2028.
Therefore, with our research and forecasting methodology, we estimated the stock’s fair value and share price targets for the years 2023 to 2030. All this is based on our experience, research and forecasting system, which may differ from the actual price.
ConocoPhillips Stock Overview
The company has many employees, about 9,900 worldwide and produces 1.731 million barrels of crude oil equivalent per day. It has shown good financial performance and growth over the years.
| Company Name | ConocoPhillips |
| Industry | Oil & Gas |
| Country | United States |
| Founded | August 2022 |
| Primary Exchange | NYSE |
| Market Cap. | $135.04M |
| Volume | 1,989,325.00 |
| Net Income | $4,520.7M |
| Net Profit Margin | 20.98% |
| P/E Ratio | 7.54 |
| Open (Feb-23) | 110.57 |
| Low | 109.98 |
| High | 111.69 |
| Dividend Yield | 4.85% |
| Official Website | www.conocophillips.com |
ConocoPhillips has a history of paying dividends to its shareholders and the company’s current dividend yield is 1.8%, with an annual dividend yield of 2.04% and a P/E ratio of 7.47%.
ConocoPhillips Stock Fundamental Analysis
- Market Capitalization: The market capitalization of ConocoPhillips of around $135.04 in February 2023.
- Revenue: The company reported total revenue in 2022 of $18.7 billion, or $14.57 per share.
- Net Income: In 2023, ConocoPhillips reported a net income is $ 1111.20.
- Debt: ConocoPhillips’ long-term debt is $16.297B for the quarter ending December 31, 2022, a decline of 13.07% year-on-year.
- Reserves: As of now, ConocoPhillips has proven reserves of 5 billion barrels of oil equivalent (BOE) and a large, diverse, low-cost supply resource base that provides the company with significant flexibility for future growth.
- Productions: As per the official data, the company produces 1.731 million barrels of crude oil equivalent per day.
These figures are subject to change based on various factors such as market conditions, financial performance, industry trends, etc.
ConocoPhillips Stock History (Last 5 Years)
Here is the history of ConocoPhillip’s stock price over the past five years:
| Year | Month | Low | High |
|---|---|---|---|
| 2018 | Feb | 53.73 | 57.62 |
| 2018 | Oct | 65.00 | 80.24 |
| 2019 | Feb | 68.34 | 71.01 |
| 2019 | Oct | 52.30 | 57.97 |
| 2020 | Feb | 45.12 | 61.15 |
| 2020 | Oct | 27.53 | 36.00 |
| 2021 | Feb | 39.70 | 55.51 |
| 2021 | Oct | 68.31 | 77.98 |
| 2022 | Feb | 85.29 | 95.07 |
| 2022 | Oct | 106.53 | 129.99 |
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Note: Readers are advised that the estimated target share price is based on our experience and technical analysis. The share price target can never be accurate, it is only an estimated value that may differ from the actual price at that time. Therefore, you are advised to do your own research and consult with your financial advisor.
ConocoPhillips Stock Forecast Targets for 2023
In 2023, an estimated target price for ConocoPhillips stock could be $110.50 to $125.50 at the start of the year. At the end of the year, the maximum share price can reach $130.00 to $140.50.
| Month | Low | High |
|---|---|---|
| Feb | $95.50 | $115.80 |
| Dec | $130.00 | $145.50 |
ConocoPhillips Stock Forecast Targets for 2024
According to our research and predicted system, the minimum share price target of ConocoPhillips Stock will be $135.50 to $155.30 in 2024. At the end of the year, the maximum price of the share can reach $158.40 to $169.50.
| Month | Low | High |
|---|---|---|
| Feb | $135.50 | $155.30 |
| Dec | $158.40 | $169.50 |
ConocoPhillips Stock Forecast Targets for 2025
In 2025, according to our research and expert opinion, the minimum share price target of ConocoPhillips Stock will be $185.50 to $205. 30. At the end of the year, the maximum price of the share can reach $205.40 to $225.50.
| Month | Low | High |
|---|---|---|
| Feb | $185.50 | $205.30 |
| Dec | $205.40 | $225.50 |
ConocoPhillips Stock Forecast Targets for 2028
According to our depth research and forecast system, the minimum share price target of ConocoPhillips Stock will be $275.60 to $300.90 in 2028. At the end of the year, the maximum price of the share can reach $305.40 to $345.50.
| Month | Low | High |
|---|---|---|
| Feb | $275.50 | $300.90 |
| Dec | $305.40 | $345.50 |
Risk Factors
There are many risks to COP’s financial health and growth prospects because it is a highly competitive industry. And the market is always at risk of being disrupted by new entrants. And also, the Company’s financial performance may be affected by economic conditions, government regulatory changes or other factors.
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FAQs
A: The Annual Report is available online in PDF through its website.
A: The stock price forecast for ConocoPhillips is $185.50 to $225.50 for 2025 and $275.50 to $345.50 for 2028.
A: ConocoPhillips’ valuations are undervalued and its value score indicates that it would be a good pick for investors.
Disclaimer
All the share/stock price predictions/targets/forecasts on our website (bankshala.com) are for general information only. We are not SEBI-registered financial advisors and no part of the website content provided by us should be considered financial advice, legal advice or any other kind of advice for your investments. Before investing in any company you should do your own research and analyze it properly. Trading is an uncertain business, please consult your financial advisor before taking any decision.
