Based on the provided data and recent market developments, here's the analysis for COP's price prediction for next week:
Technical Analysis
Fundamental Factors
Price Prediction for Next Week
Trading Recommendation SELL with the following rationale:
The price of COP is predicted to go up 5.97%, based on the high correlation periods with TOWN. The similarity of these two price pattern on the periods is 94.88%.
COP
TOWN
Year
COP Price Forecast($)
Potential Return(%)
2025
101.180
0.090
2026
135.000
36.600
2027
145.000
46.720
2028
140.000
41.660
2029
145.000
46.720
2030
150.000
51.780
A large position in the Permian offers low-cost liquids growth with wider margins, lower risk, and higher returns than international operations.
Over the long term, management does not plan to increase activity with oil prices, instead directing excess cash flow toward repurchases with a payout target of 30% of cash flow.
With a 10-year plan that includes a robust financial framework, focus on shareholder returns, and a low $35/bbl free cash flow break-even level, management is demonstrating its commitment to capital discipline and making Conoco a viable long-term holding.
Raymond James
2025-01-23
Price Target
$148 → $157
Upside
+50.98%
Mizuho
2024-11-01
Price Target
$129 → $132
Upside
+22.54%
Susquehanna
2024-11-01
Price Target
$144 → $148
Upside
+37.39%